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William J. Baroody Files (Ford Administration)
William Baroody's Copies of "Weekly Briefing Notes on U.S. Domestic Developments"
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The original documents are located in Box 37, folder "Weekly Briefing Notes,
9/2/1975" of the William J. Baroody Files at the Gerald R. Ford Presidential Library.
Copyright Notice
The copyright law of the United States (Title 17, United States Code) governs the making of
photocopies or other reproductions of copyrighted material. Gerald R. Ford donated to the United
States of America his copyrights in all of his unpublished writings in National Archives collections.
Works prepared by U.S. Government employees as part of their official duties are in the public
domain. The copyrights to materials written by other individuals or organizations are presumed to
remain with them. If you think any of the information displayed in the PDF is subject to a valid
copyright claim, please contact the Gerald R. Ford Presidential Library.
Digitized from Box 37 of the William J. Baroody Files at the Gerald R. Ford Presidential Library
4
#
is
*
THE VICE PRESIDENT
*
4
WASHINGTON
4 *
September 3, 1975
MEMORANDUM FOR BILL BAROODY
Attached is this week's copy
of the Weekly Briefing Notes.
lueson
WEEKLY
BRIEFING NOTES
ON U.S. DOMESTIC
DEVELOPMENTS
Prepared for the President
and the Vice - President
FORD & GERALD LIBRARY
SEPTEMBER 2, 1975
COMPILED BY THE FEDERAL STATISTICAL SYSTEM
Coordinated by the Bureau of the Census
at the request of the Statistical Policy Division,
Office of Management and Budget
Vincent P. Barabba, Director
Joseph W. Duncan,
Bureau of the Census
Deputy Associate Director
for Statistical Policy
Office of Management and Budget
Week of September 2, 1975
SOURCES OF DATA
Labor Turnover
U.S. Department of Labor, Bureau of Labor Statistics, "Employment and Earnings Statistics
for the United States"
Productivity Indexes
U.S. Department of Labor, Bureau of Labor Statistics, "Productivity: An International
Perspective" U.S. Department of Labor, Bureau of Labor Statistics
Exports and Imports
U.S. Department of Commerce, Bureau of the Census, "Highlights of Exports and Imports"
Leading Indicators
U.S. Department of Commerce, Bureau of Economic Analysis, "Business Conditions Digest"
Agricultural Prices
U.S. Department of Agriculture, Crop Reporting Board
Housing
U.S. Department of Commerce, Bureau of the Census, "Annual Housing Survey: 1973,
Part A"
State Government Finances
U.S. Department of Commerce, Bureau of the Census, "State Government Finances in 1974"
Railroad Operations
Association of American Railroads, "Trends"
Week of September 2, 1975
TABLE OF CONTENTS
SERIES
WEEKLY
MONTHLY
QUARTERLY
ANNUAL
OTHER
SECTION A-General Economic Indicators
Part 1-National Income and Product
A.1.1 Gross National Product
X
A.1.2 Personal Income
X
A.1.3 Corporate Profits
(
A.1.4 Federal Receipts and Expenditures
X
A.1.5 Business Investment
X
Part 2-Employment and Unemployment
A.2.1 Unemployment Rate
X
A.2.2 Duration of Unemployment
X
A.2.3 Unemployment Insurance
X
A.2.4 Labor Turnover
X
A.2.5 Help Wanted Index
X
Part 3-Hours, Earnings and Productivity
A.3.1 Average Workweek, Manufacturing
X
A.3.2 Compensation Per Man-hour
X
A.3.3 Productivity Indexes
X
A.3.4 Real Earnings
X
A.3.5 Work Stoppages
X
Part 4-Production and Trade
A.4.1 Industrial Production Index
X
A.4.2 Production of Primary Metals
X
A.4.3 Production and Sales of Transportation Equipment
X
A.4.4 Manufacturers' Shipments, Inventories, and Orders
X
A.4.5 Capacity Utilization
X
A.4.6 Retail Sales
X
A.4.7 Wholesale Trade: Sales and Inventories
X
A.4.8 Manufacturing and Trade Inventories and Sales
X
A.4.9 Manufacturers' Evaluation of Their Inventories
X
Part 5-Foreign Trade and Balance of Payments
A.5.1 Exports and Imports
X
A.5.2 Manufacturers' Export Sales and Orders of Durable Goods
X
A.5.3 Balance of Payments
X
GERALD FORD LIBRARY
A.5.4 Foreign Travel
X
Part 6-Prices
A.6.1 Consumer Price Index
X
A.6.2 Wholesale Price Index
X
A.6.3 Tuesday Spot Market Price Index
X
Week of September 2, 1975
TABLE OF CONTENTS-Continued
SERIES
WEEKLY
MONTHLY
QUARTERLY
ANNUAL
OTHER
SECTION A-General Economic Indicators (Continued)
Part 7-Construction
A.7.1 Housing Construction
A.7.2 Value of New Construction Work Done
X X
Part 8-Energy, Raw Materials, and Commodities
A.8.1 Distribution of Electric Power
X
A.8.2 Production and Consumption of Fossil Fuels
X
Part 9-Agriculture
A.9.1 Farm Income and Expenses
X
Part 10-Money and Credit
A.10.1 Money Stock Measures
X
A.10.2 Bank Reserves
X
A.10.3 Consumer Credit
X
A.10.4 Common Stock Prices
X
A.10.5 U.S. Government Securities
X
A.10.6 Business Credit
X
A.10.7 Interest Rates
Part 11-Indicators of Business Activity
A.11.1 Composite Index of Leading Indicators
X
A.11.2 Number of New Business Incorporations
X
A.11.3 Number of Business Failures
X
SECTION B-General Social Indicators
Part 1-Population
B.1.1 Population Estimates
- Total Population
X
- Total Population by Age, Sex, and Race
- Rate of Growth
- Components of Change (Births, Deaths, Net Immigration)
- Population Projections
X X X X X
- Abortion
B.1.2 Population Distribution
- Population by Size of Place
X
- Population in Rural and Urban Areas
FORD
B.1.3 Migration
- Recent Movers
X X X
- Migration by Region
Week of September 2, 1975
TABLE OF CONTENTS-Continued
SERIES
WEEKLY
MONTHLY
QUARTERLY
ANNUAL
OTHER
SECTION B-General Social Indicators (Continued)
Part 2-The Family
B.2.1 Living Arrangements, Selected Characteristics
- Age, Sex, and Race
X
- Single Person Households
X
- Children Living With Single Parents
X
- Average Family Size
X
B.2.2 Family Formation and Dissolution
- Marital Status of the Population
X
- Marriage and Divorce Rates
X
- Marriages Ending in Divorce
X
B.2.3 Attitudes Towards Family Life
X
Part 3-Health
B.3.1 Life Expectancy
- At Birth
X
- At Selected Ages
X
- Death Rates by Cause
X
X
- Leading Causes of Death
X
- Infant Mortality
X
X
B.3.2 Disability
--- Days of Disability by Type
X
- Institutionalized Population
X
- Disability by Degree of Limitation and Cause
X
- Short-Term Disability
X
B.3.3 Morbidity
- Communicable Diseases
X
- Acute Illness
X
B3.4 Health Status
- Nutrition
Dietary Intake
X
Clinical Measurements
X
- Obesity
X
- Drugs
Drug Deaths
X
Drug Abuse Episodes
X
Liquor Consumption
X
- Smoking
X
- Physical Fitness
X
- Perceived Health Status
X
Week of September 2, 1975
TABLE OF CONTENTS-Continued
SERIES
WEEKLY
MONTHLY
QUARTERLY
ANNUAL
OTHER
SECTION B-General Social Indicators (Continued)
B.3.5 Health Care Delivery
- Physician and Dental Visits
X
- Costs and Expenditures
X
- Facilities
X
- Personnel
X
- Attitudes Towards Health Care
X
Part 4-Education
B.4.1 Educational Achievement by Sex, Race, Socioeconomic Status, Region
- Math, Science, Reading, Writing
X
- Music, Art, Literature, Citizenship
X
B.4.2 Attainment
- High School Graduation Rate
X
- The High School Educated Population by Race and Sex
X
- College Educated Population by Race and Sex
X
B.4.3 School Enrollment
- Primary and Secondary School
X
- Preprimary by Age, Race, Income
X
- Modal Age Enrollment by Sex, Race
X
- High School Students Expecting to go to College
X
- College Entrance Rates by Sex, Race, Socioeconomic Status
X
- College Enrollment
X
- Participation in Adult Education
X
B.4.4 Educational Facilities and Personnel
- Schools, Classrooms
X
- Teachers, Administrative, Others
X
B.4.5 Costs and Expenditures
- Expected Student Expenses, Higher Education
X
- Expenditures by Level of Government
X
Part 5-Work
B.5.1 Labor Force, Employment and Unemployment
- Labor Force Participation, Selected Characteristics
X
- Part-time, Part-year Workers, Selected Characteristics
X
- Employment by Occupation, Selected Characteristics
X
- Unemployment, Selected Characteristics
X
X
- Discouraged Workers
X
- Labor Union Membership
X
B.5.2 Earnings
- Median Earnings, Selected Characteristics
X
Week of September 2, 1975
TABLE OF CONTENTS-Continued
SERIES
WEEKLY
MONTHLY
QUARTERLY
ANNUAL
OTHER
SECTION B-General Social Indicators (Continued)
B.5.3 Working Conditions
- Regular and Overtime Hours, Selected Characteristics
X
- Work Injuries by Occupation
X
- Time, Distance, and Mode Transportation to Work
X
B.5.4 Benefits
- Vacations, Holidays
X
- Benefit Plans
X
B.5.5 Retirement
- Persons Retiring From Work
X
- Work-Life Expectancy
X
- Retirement Benefits
X
Part 6-Income, Consumption, and Wealth
B.6.1 Income Levels
- Median Family Income
X
- Composition of Family Income
X
- Per Capita Income
X
B.6.2 Distribution of Income
- Age, Race, and Sex
X
- Regional Differences
X
B.6.3 Poverty
X
B.6.4 Consumption
- Personal Consumption Expenditures
X
- Consumption of Durable Goods
X
B.6.5 Wealth
- Net Worth of Consumer Units
X
- Composition of Wealth
X
B.6.6 Consumer Borrowing and Debt
- Amount of Debt Outstanding
X
- Debt/Income Ratio
X
B.6.7 Consumer Attitudes
X
Part 7-Housing
B.7.1 Housing Conditions
- Average Size of Households
X
- Households Lacking Selected Facilities, by Size, Race, Tenure,
and Location
X
- Average Persons Per Room
X
Week of September 2, 1975
TABLE OF CONTENTS-Continued
SERIES
WEEKLY
MONTHLY
QUARTERLY
ANNUAL
OTHER
SECTION B-Socioeconomic Series (Continued)
B.7.2 Home Tenure
- Single Family Dwellings
X
- Mobile Homes
X
- Condominiums and Other Multi-Unit Structures
X
- Vacation Homes
X
B.7.3 Cost and Expenditures
- Average Mortgage Payments
X
- Upkeep and Maintenance
X
- Average Rental Payments
X
B.7.4 Attitudes Towards Housing and the Community
X
Part 8-Leisure and Recreation
B.8.1 Use of Leisure Time
X
B.8.2 Recreation
- Outdoor (Social, Active Sports, etc)
X
- Indoor (Television, Visiting, Other)
X
X
Part 9-Public Safety
B.9.1 Crimes Known to Police
- Violent
X
X
- Property
X
X
B.9.2 Victims of Crime, Selected Characteristics
- Violent
X
- Property
X
B.9.3 Fear of Crime, Selected Characteristics
X
B.9.4 Police Activity
- Persons Arrested by Charge
X
- Offenses Cleared
X
B.9.5 Judicial Activity
- Persons Sentenced for Federal Crimes
X
B.9.6 Prisoners, Adults and Juveniles
- Prisoners by Sentence
X
- Average Length of Sentence
FORD
X
- Persons Executed and Sentenced to Death
- Average Prison Population
SERALD
X
X
B.9.7 Expenditures for Administration of Criminal Justice
X
Week of September 2, 1975
TABLE OF CONTENTS-Continued
SERIES
WEEKLY
MONTHLY
QUARTERLY
ANNUAL
OTHER
SECTION C-Government Activity
Part 1-Social Welfare and Security
C.1.1 Social Security (OASDHI)
- Current Beneficiaries
- New Beneficiaries
- Average Payment
X X X
C.1.2 Old Age Assistance
- Benefits Paid
X
- Recipients
X
C.1.3 Aid to the Disabled
- Blind
X
- Deaf
X
- Other
X
C.1.4 Aid to Families With Dependent Children
- Recipients
X
- Benefits
X
C.1.5 Unemployment Insurance Coverage
- Benefits Paid
X
- Recipients
X
C.1.6 Housing Assistance
- Recipients
X
- Benefits
X
C.1.7 Food Stamps
- Recipients
X
- Benefits
X
C.1.8 Aid to Disaster Victims
- Recipients
X
- Benefits
X
C.1.9 Veterans Benefits
- Recipients
X
- Benefits
X
Part 2-Equal Opportunity
C.2.1 Equal Employment Opportunity
- Minority Employment
X
- Earnings, Promotions, etc.
X
C.2.2 School Desegregation
- Students Attending Predominantly Minority Schools
X
- Public/Private Enrollment, and Control
X
Week of September 2, 1975
TABLE OF CONTENTS-Continued
SERIES
WEEKLY
MONTHLY
QUARTERLY
ANNUAL
OTHER
SECTION C-Government Activity (Continued)
Part 3-Government Operation
C.3.1 Federal Employment
- Employees
X
- Payroll
X
C.3.2 State and Local Employment and Finances
- Employees
X
- Payroll
X
SECTION D-Environment, Science, Culture
Part 1-Environment
D.1.1 Air Quality
- Amount of Pollutants Released Into the Atmosphere
X
- Ambient Air Quality-National, Major Cities
X
- Perceived Quality
X
D.1.2 Water Quality
- Miles of Streams Meeting EPA Standards
X
- Oil Spills, Fish Kills
X
D.1.3 Hazardous Substances
- Estimated Amounts Produced
X
- Concentration in Biosphere
X
D.1.4 Ecological Balances
- Endangered Species (Plant and Animal)
X
- Critical Areas (Coastal Zones)
X
- Land/People Density
X
Part 2-Science
D.2.1 Professionals in Scientific Fields
- By Specialty
X
- Person Years of Scientists, Engineers Engaged in R&D
X
D.2.2 Expenditures for Research and Development
- Private Industry
X
- Government
R.FOR
D.2.3 Science Achievement in Schools
RALD
- Secondary Schools
X
- Higher Education
X
Week of September 2, 1975
TABLE OF CONTENTS-Continued
SERIES
WEEKLY
MONTHLY
QUARTERLY
ANNUAL
OTHER
SECTION D-Environment, Science, Culture
D.2.4 Public Attitudes Towards Science and Technology
X
Part 3-Culture
D.3.1 Persons Employed in Artistic Professions
- By Type
X
D.3.2 Children's Skill and Appreciation of Literature Arts, Music
X
D.3.3 Participation in Cultural Activities
- Voluntary Organizations
X
- Travel
X
- Hobbies, Sports, Music, etc.
X
D.3.4 Attendance at Cultural Events
- Plays, Galleries, Motion Pictures
X
- Concerts, Museums, etc.
X
SECTION E-Selected Subjects
A.1.3 - Ordinary Net Income of the Railroad Industry
Millions of Dollars
First Six Months in 1974
First Six Months in 1975
306.9
235.3
119.8
45.9
-14.3
-48.2
-243.5
-275.1
United
Eastern
Southern
Western
States
District
District
District
SOURCE: ASSOCIATION OF AMERICAN RAILROADS
2 SEPTEMBER 1975
FORD & LIBRARY GERALD
The Nation's railroad industry operated with a loss of $243.5 million in the first six
months of 1975, a drop of $550 million from the same period last year.
Worst performance since the Depression.
Rail companies in the Southern District showed the only profit in the recent six
months-$45.9 million.
Not enough to offset a huge loss among the Northern District lines (a deficit of
$275.1 million) and a smaller loss by the Western lines of $14.3 million.
FORD & LIBRARY QERALD
A.2.4 - Labor Turnover Rates in Manufacturing
THIS
CHANGE
CHANGE
PERIOD
LAST PER.
YEAR AGO
TOTAL SEPARATION RATE
4.0
5.3%
-11.1%
TOTAL ACCESSION RATE
4.3
19.4%
-2.3%
PERCENT
PERCENT
7.0
7.0
6.5
6.5
6.0
6.0
5.5
5.5
5.0
5.0
4.5
4.5
4.0
4.0
3.5
3.5
3.0
3.0
2.5
2.5
2.0
2.0
1971
1972
1973
1974
1975
SOURCE: BUREAU OF LABOR STATISTICS
& LIBRARY GERALD
2 SEPTEMBER 1975
A.2.4 - Components of Labor Turnover
THIS
CHANGE
CHANGE
PERIOD
LAST PER.
YEAR AGO
NEW HIRES
2.4
26.3%
-29.4%
QUITS
1.5
7.1%
-40.0%
LAYOFFS
1.4
-30.0%
40.0%
PERCENT
PERCENT
4.5
4.5
3.5
3.5
2.5
2.5
1.5
1.5
0.5
0.5
1971
1972
1973
1974
1975
SOURCE: BUREAU OF LABOR STATISTICS
2 SEPTEMBER 1975
Total Accessions exceeded Total Separations for the first time since May 1974.
After falling 8 percent in the April-June period, Total Accessions rose 19.4 percent
in July to a level of 4.3 percent.
New Hires, which had increased for four consecutive months, rose 26.3
percent in July.
Total Separations rose 5.3 percent to a rate of 4.0 percent, after declining six
months in a row.
Quits rose 7.1 percent to a July level of 15 percent.
Layoffs declined for the fifth time in six months to a rate of 1.4 pèrcent in July.
After reaching a high of 3.5 percent in January, Layoffs have declined 60
percent.
FORD i LIBRARY GERALD
A.3.3 - Indexes of Output Per Hour
(1967=100)
Annual Rates
THIS
CHANGE
CHANGE
PERIOD
LAST PER.
YEAR AGO
MANUFACTURING
126.5
0.0%
-2.5%
TOTAL PRIVATE ECONOMY
112.0
1.1%
-0.7%
PRIVATE NONFARM
110.4
1.4%
-0.5%
INDEX
INDEX
135
135
130
130
125
125
120
120
115
115
110
110
105
105
100
1971
1972
1973
1974
1975
BERALD 100 LIBRAN,
SOURCE: BUREAU OF LABOR STATISTICS
2 SEPTEMBER 1975
Productivity (output per hour) in the Private Economy for the second quarter has
been revised upward from 2 percent to 4.3 percent annual rate.
Largest increase since first quarter 1973.
In the Private Nonfarm Sector, productivity was revised upward to 5.8 percent from
3.3 percent annual rate.
Largest increase since the first quarter 1971.
Manufacturing Productivity remained unchanged from the first quarter.
A decline of 1.8 percent annual rate reported in the preliminary.
FORD & LIBRARY 938870
A.3.3 - Indexes of Unit Labor Costs
(1967=100)
Annual Rates
THIS
CHANGE
CHANGE
PERIOD
LAST PER.
YEAR AGO
PRIVATE NONFARM
158.5
0.5%
9.8%
MANUFACTURING
140.6
2.0%
14.5%
INDEX
INDEX
165
165
160
160
155
155
150
150
145
145
140
140
135
135
130
130
125
125
120
120
115
115
110
110
105
105
1971
1972
1973
1974
1975
SOURCE: BUREAU OF LABOR STATISTICS
FORD i LIBRARY GERALD
2 SEPTEMBER 1975
A.3.3 - Indexes of Unit Labor Costs
(1967=100)
Annual Rates
THIS
CHANGE
CHANGE
PERIOD
LAST PER.
YEAR AGO
TOTAL PRIVATE ECONOMY
158.9
0.8%
10.3%
INDEX
INDEX
165
165
160
160
155
155
150
150
145
145
140
140
135
135
130
130
125
125
120
120
115
115
1971
1972
1973
1974
1975
SOURCE: BUREAU OF LABOR STATISTICS
2 SEPTEMBER 1975
Unit Labor Costs in the Total Private Economy Sector rose at an annual rate of 3.3
percent compared with a 10.4 percent annual rate increase one quarter earlier.
Private Nonfarm Sector, Unit Labor Costs increased at a 1.9 percent annual
rate.
Manufacturing Sector, Unit Labor Costs increased 8.3 percent annual rate.
Increase considerably smaller than the first quarter annual increase of 23.6
percent.
FORD
&
LIE
RALD
A.3.3 - Productivity and Costs in Nonfinancial Corporations
(1967=100)
Annual Rates
THIS
CHANGE
CHANGE
PERIOD LAST PER. YEAR AGO
COMPENSATION PER HOUR
177.7
1.9%
10.0%
UNIT LABOR COST
147.0
-0.3%
7.8%
OUTPUT PER MAN-HOUR
120.9
2.3%
2.0%
INDEX
INDEX
180
180
170
170
160
160
150
150
140
140
130
130
120
120
110
110
100
1971
1972
1973
1974
1975
BERALD 0100 LIBRARY
SOURCE: BUREAU OF LABOR STATISTICS
2 SEPTEMBER 1975
Productivity (output per man-hour) in Nonfinancial Corporations in the second
quarter of 1974 rose at a 9.5 percent annual rate.
Largest since first quarter 1971.
Reflected 4.5 percent annual rate increase in output and a 4.5 percent annual
rate decline in hours.
Hourly Compensations up 7.8 percent annual rate.
The increase in Hourly Compensation coupled with increase in Productivity resulted
in a 1.5 percent annual rate decline in Unit Labor Costs.
First decline since first quarter 1971.
FORD & LIBRA
A.5.1 - Exports and Imports
THIS
CHANGE
CHANGE
PERIOD
LAST PER.
YEAR AGO
TOTAL EXPORTS
$8.88
2.2%
6.9%
TOTAL IMPORTS - -
-
-
$7.91
13.7%
-11.3%
BILLIONS
IMPORTS EXCLUDING PETROLEUM- - - $5.87
5.8%
-6.9%
BILLIONS
OF DOLLARS
OF DOLLARS
10
10
9
9
8
8
7
7
6
6
5
5
4
4
3
3
2
1971
1972
1973
1974
1975
SOURCE: BUREAU OF THE CENSUS
N & LIBRARI GERALD
2 SEPTEMBER 1975
A.5.1 - Merchandise Trade Balance
(Excluding Military Assistance)
THIS
CHANGE
CHANGE
PERIOD
LAST PER.
YEAR AGO
BILLIONS
TRADE BALANCE
$.98
-$.76
$1.59
BILLIONS
OF DOLLARS
OF DOLLARS
2.0
2.0
1.5
1.5
1.0
1.0
0.5
0.5
0.0
0.0
-0.5
-0.5
-1.0
-1.0
-1.5
-1.5
1971
1972
1973
1974
1975
SOURCE: BUREAU OF THE CENSUS
2 SEPTEMBER 1975
The United States recorded another large Merchandise Trade Surplus in July even
though Imports rose nearly 14 percent.
$977 million is the fourth largest Merchandise Trade Surplus for any month on
record.
The July figures pushed the Surplus for the first seven months of 1975 to a seas-
onally adjusted $6.4 billion, a sharp turnaround from the $638 million Deficit for
the same period last year.
Imports rose $1 billion from June to July.
The largest increase for any month in 1974 or 1975.
Exports increased to an adjusted $8.9 billion.
FORD & LIBRARY GERALD
The second highest monthly total this year.
A.5.1 - Imports of Petroleum and Petroleum Products
THIS
CHANGE
CHANGE
PERIOD
LAST PER.
YEAR AGO
BILLIONS
PETROLEUM IMPORTS
$2.06
47.8%
-21.1%
BILLIONS
OF DOLLARS
OF DOLLARS
3.5
3.5
3.0
3.0
2.5
2.5
2.0
2.0
1.5
1.5
1.0
1.0
0.5
0.5
0.0
0.0
1971
1972
1973
1974
1975
A.5.1 - Exports- Selected Agricultural Commodities
THIS
CHANGE
CHANGE
PERIOD
LAST PER.
YEAR AGO
SOYBEANS
$275.8
191.9%
8.8%
WHEAT
$427.8
13.0%
19.8%
MILLIONS
CORN
$228.3
-21.2%
23.8%
MILLIONS
OF DOLLARS
OF DOLLARS
600
600
500
500
400
400
300
300
200
200
100
100
0
1971
1972
1973
1974
1975
GERALD 0 FORD LIBRARY
SOURCE: BUREAU OF THE CENSUS
2 SEPTEMBER 1975
The rise in Imports was primarily due to a renewed increase in oil Imports.
Oil Imports were up 50 percent from June.
The increase in Exports was led by Agricultural Products, especially Soybeans,
which were up $181 million.
Wheat Exports increased $49 million.
Exports of Corn declined 21 percent, partially offsetting increases in other agricul-
tural commodities.
FORD & LIBRARY
A.9.1 - Index of Prices Received and Paid by Farmers
(1967=100)
THIS
CHANGE
CHANGE
PERIOD
LAST PER.
YEAR AGO
PRICES PAID
187
0.5%
8.1%
PRICES RECEIVED
187
0.0%
1.1%
INDEX
INDEX
230
230
220
220
210
210
200
200
190
190
180
180
170
170
160
160
150
150
140
140
130
130
120
120
110
110
100
100
1971
1972
1973
1974
1975
SOURCE: U.S. DEPARTMENT OF AGRICULTURE
FORD & LIBRARY GERALD
2 SEPTEMBER 1975
A.9.1 - Price Indexes - Selected Farm Commodities
(1967=100)
THIS
CHANGE
CHANGE
PERIOD
LAST PER.
YEAR AGO
MEAT ANIMALS
188
-3.1%
10.6%
FOOD GRAINS
252
12.5%
-7.4%
INDEX
INDEX
380
380
330
330
280
280
230
230
180
180
130
130
80
80
1971
1972
1973
1974
1975
SOURCE: U.S. DEPARTMENT OF AGRICULTURE
2 SEPTEMBER 1975
Index of Prices Paid by Farmers for commodities and services, interest, taxes and
farm wage rates continued to rise for the fifth consecutive month.
Index of Prices Received by Farmers for all farm products remained unchanged from
July.
Index of Prices Received for Meat Animals decreased 3 percent for month
ended August 15.
Lower prices for cattle partially offset by higher prices for hogs.
Index of Prices received for Food Grains increased 28 points (13 percent) to
252.
Higher prices for wheat and rye were partially offset by lower prices for
rice.
FORD & GERALD LIBRARY
A.11.1 - Composite Index of Leading Indicators
(1967=100)
THIS
CHANGE
CHANGE
PERIOD
LAST PER.
YEAR AGO
INDEX OF LEADING INDICATORS
100.7
1.7%
-10.8%
INDEX
INDEX
130
130
125
125
120
120
115
115
110
110
105
105
100
100
95
95
90
90
85
85
1971
1972
1973
1974
1975
SOURCE: BUREAU OF ECONOMIC ANALYSIS
FORD & LIBRAN CARALD
2 SEPTEMBER 1975
A.11.1 - Selected Components of Composite Index
(1967=100)
THIS
CHANGE
CHANGE
PERIOD
LAST PER.
YEAR AGO
NEW ORDERS, MFG. , CONSUMER
$24.5
7.0%
-14.4%
BILLIONS OF PRODUCTS AND MATERIALS
BILLIONS OF
1967 DOLLARS
1967 DOLLARS
32
32
30
30
28
28
26
26
24
24
22
22
20
20
18
18
1971
1972
1973
1974
1975
SOURCE: BUREAU OF ECONOMIC ANALYSIS
2 SEPTEMBER 1975
The new Composite Index of Leading Indicators rose 1.7 percent in July.
Longest upward climb in 2½ years.
Seven of the ten available indicators showed increases.
June Index revised upward 2.9 percent above May because layoffs declined and new
businesses increased.
A7 percent advance on New Orders for Consumer Products and Materials was the
strongest upward influence in the Index.
FORD & GERALD LIBRARY
B.7.2 - Source of the 1973 Housing Inventory
October
75,969,000
1973
April
70,138,000
1970
Increase
5,831,000
1970-1973
New
8,000,000
Uni ts
Lost
2,169,000
Uni ts
SOURCE: BUREAU OF THE CENSUS
2 SEPTEMBER 1975
FORD & LIBRARY GERALD
B.7.2 - 1973 Housing Inventory by Location
Total 1973 Housing Inventory = 75,969,000
Outside SMSA's
22.7%
Not In Central Cities
35.6%
In Central Cities
31.7%
Total Inside SMSA's = 67.3%
SOURCE: BUREAU OF THE CENSUS
2 SEPTEMBER 1975
In October 1973, there were 75,969,000 housing units in the United States, a net
increase of about 5,831,000 units since the 1970 census.
Due to the number of units added by new construction minus those lost
through demolition, disaster, or other means.
New Construction was the most important factor contributing to the increase in the
housing inventory between 1970 and 1973.
About 8 million units (11 percent of the 1973 inventory) were built during
this period which represents an annual average of 2.3 million newly built
units, about 600,000 more new units a year than the annual average during
the 1960's.
About 2,169,000 units were reported as removed by demolition, disaster or other
means by the end of 1973.
GERALD FORD VIBRARY
67 percent of the Nation's housing stock (51.1 million units) was located in
metropolitan areas.
More than half of the Nation's metropolitan housing was located in the
suburban areas, 27.0 million units, compared to 24.1 million units in the
central cities.
B.7.2 - Units Added by New Construction: 1973
Percent of All Housing Units
12.9%
10.9%
10.5%
103%
74%
8,000
5,291
1,796
3,495
2,710
Thousands
of New
Total
Inside
In
Not in
Outside
Units
U.S.
SMSA's
Central
Central
SMSA's
Cities
Cities
Percent of All Housing Units
Total
Inside SMSA S
Outside SMSA S
13.814.3 13.2
13.913.913.9
10.510.5 10.9
8.1
8.5 6.8
7.8
5.8 5.1
FORD & LIBRARY GERALD
8,000
1,019
1,723
3,334
1,924
Thousands
of New Units
United States
Northeast
North Central
South
West
SOURCE: BUREAU OF THE CENSUS
2 SEPTEMBER 1975
Most of the New Construction occurred in the suburbs-3.5 million units built since
1970 (13 percent of all housing in these areas).
Compares with 1.8 million new units in central cities, or 7 percent of all
housing in the cities.
2.7 million new units were in nonmetropolitan areas, or 11 percent of all
nonmetropolitan housing.
The largest volume of New Construction occurred in the South, where 3.3 million
units were built since 1970.
Represents two-fifths of all housing built in the United States since 1970.
Housing units built from 1970 to 1973 accounted for approximately:
5.8 percent of the 1973 inventory in the Northeast region.
8.5 percent in the North Central.
13.8 percent in the South and West.
BERALD FORD
B.7.2 - Units Removed From Inventory: 1973
Percent of All Housing Units
Percent
5
41%
4
3
2.9%
2.9%
2.3%
2
19%
1
0
2,169
1,152
701
450
1,017
Thousands
of Lost Units
Total
Inside
In
Not In
Outside
U.S.
SMSA's,
Central
Central
SMSA's
Total
Cities
Cities
Percent of All Housing Units
Total
Inside SMSA S
Outside SMSA S
5.1
4.1
3.8
4.0
3.2
2.9
2.9
2.9
2.7
2.3
2.3
2.1
2.1
1.8
1.5
FORD & GERALD LIBRAKE
2,169
403
550
970
246
Thousands
of Lost Units
United States
Northeast
North Central
South
West
SOURCE: BUREAU OF THE CENSUS
The number of units lost since 1970 in metropolitan areas was approximately the
same as that in the remainder of the country.
About 1,152,000 housing units in the metropolitan and 1,017,000 in the
nonmetropolitan portions of the country.
However, within metropolitan areas, 701,000 housing units were removed in
central cities; in suburban areas, losses totaled 450,000.
The South, which had the largest number of newly constructed units, also
experienced the largest number of losses-970,000 units.
The North Central and Northeast regions followed with 550,000 and 403,000,
respectively.
The West, which had the second highest number of new units, showed the
smallest number of losses-246,000 units.
FORD & LIBRARY GERALD
B.7.2 - Ratio of New Construction to Lost Units: 1973
77
46
37
2.6
2.7
Total
Inside
In
Not In
Outside
U.S.
SMSA's,
Central
Central
SMSA's
Total
Cities
Cities
Source: Bureau of the Census
2 September 1975
78
37
34
31
2.5
FORD & LIBRAKY GERALD
Total
Northeast
North
South
West
U.S.
Central
Source: Bureau of the Census
2 September 1975
A substantial share of the new housing units built during the 1970-1973 period served
as replacements.
One out of about every 4 new units in the United States served to replace a
unit that had been lost.
In the Nation's central cities and in the nonmetropolitan areas, one out of
about 3 new units served to replace those that had been lost.
in the suburbs, where losses were few and new construction substantial, one
out of every 8 new units served as replacements.
GERALD Agrusit ? FORD
B.7.2 - Tenure by Metropolitan and Nonmetropolitan Residence: 1973
New Construction Units
Percent Renter Occupied
Percent Owner Occupied
Percent
100
16.6%
34.1%
35.4%
80
43.3%
59.2%
60
83.4%
40
65.9%
64.6%
56.7%
40.8%
20
0
7,106
4,648
1,556
3,092
2,458
Thousands
Total
Inside
In Central
Not in
Outside
of Total Occupied
SMSA's
Cities
Central
SMSA's
Units
Cities
Source: Bureau of the Census
2 September 1975
FORD is LIBRARI GERALD
Two-thirds (4.7 million units) of the newly built units were owner-occupied..
The proportion of homeownership among new units was lower (57 percent) in
metropolitan areas than in nonmetropolitan areas (83 percent).
The number of new renter-occupied housing units built in metropolitan areas
(2,014,000) was five times greater than the 407,000 units constructed outside
these areas.
FORD & LIBRARY GERALD
B.7.2 - Tenure by Metropolitan and Nonmetropolitan Residence: 1973
Units Removed From Inventory
Percent Renter Occupied
Percent Owner Occupied
Percent
100
80
48.0%
45.0%
57.9%
67.1%
80
80.3%
40
55.0%
52.0%
42.1%
20
32.9%
19.7%
0
1,627
954
564
390
674
Thousands of Total
Occupied Units
Total
Inside
In Central
Not in
Outside
U.S.
SMSA's
Cities
Central
SMSA's
Cities
Source: Bureau of the Census
2 September 1975
FORD & LIBRAN
Units demolished or otherwise removed in metropolitan areas were predominately
renter-occupied, whereas in nonmetropolitan areas the higher proportion of removals
was owner-occupied.
Approximately 67 percent of the 954,000 occupied housing units removed in
metropolitan areas and 45 percent of the 674,000 in the remainder of the
country had been occupied by renters.
Central city removals were more likely to be rental units than were suburban
removals.
FORD i LIBA GERALD as
B.7.2 - Median Age of Housing
In Years
28
27
29
22
1950
1960
1970
1973
SOURCE: BUREAU OF THE CENSUS
FORD LIBRARI & GERALD
2 SEPTEMBER 1975
B.7.2 - Year Structure Built: 1973
In Thousands
27,581
Total All Year-Round Housing Units = 75,293
18,089
13,548
7,979
8,097
April 1970
1960 To
1950 To
1940 To
1939 Or
Or Later
March 1970
1959
1949
Earlier
SOURCE BUREAU OF THE CENSUS
2 SEPTEMBER 1975
The Nation's housing is growing younger.
In 1950, at the peak of the post-World War Two housing shortage, the median
age of housing was about 28 years.
During the 1950's, as new construction reduced the shortage, the median age
decreased modestly to 27 years.
During the 1960's, housing construction both ended the shortage and began
to replace old and obsolete housing so that by 1970 the median age had
dropped to 23 years.
Continued high construction in the 1970's had further lowered the median
age so that by 1973 it was 22 years.
More than half of the housing inventory in 1973 has been built since 1950.
About 10 percent of the 1973 inventory had been built during the 1940's.
FORD & LIBRARY GERALD
About 36 percent of the inventory had been built before 1940.
C.3.2 - State General Revenue and Expenditure
THIS
CHANGE
CHANGE
PERIOD
LAST PER.
YEAR AGO
GENERAL EXPENDITURE
$119.9
N/A
10.9%
BILLIONS
GENERAL REVENUE
$122.3
N/A
8.1%
BILLIONS
OF DOLLARS
OF DOLLARS
125
125
115
115
105
105
95
95
85
85
75
75
65
65
55
55
45
45
35
35
25
1960
1961
1962
1963
1964
1965
1966
1967
1968
1969
1970
1971
1972
1973
1974 Lb ORD 25 LIBRAN
SOURCE: BUREAU OF THE CENSUS
2 SEPTEMBER 1975
State General Revenue has exceeded General Expenditures since 1973, although
Expenditures have been increasing at a faster rate than Revenue.
State General Revenue totaled $122.3 billion in Fiscal 1974, up 8.1 percent
from 1973.
State General Expenditures amounted to $119.9 billion in Fiscal 1974, or 10.9
percent more than in 1973.
FORD is LIBRARY GERALD
C.3.2 - State General Revenue
Selected Components
THIS
CHANGE
CHANGE
PERIOD
LAST PER.
YEAR AGO
INTERGOVERNMENTAL REVENUE
$33.2
N/A
1.4%
GENERAL SALES TAXES
$22.6
N/A
14.2%
BILLIONS
INCOME TAXES
$23.1
N/A
9.9%
BILLIONS
OF DOLLARS
OF DOLLARS
35
35
31
31
27
27
23
23
19
19
15
15
11
11
7
7
3
3
1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 1973 1974
C.3.2 - State General Expenditure
Selected Components
THIS
CHANGE
CHANGE
PERIOD
LAST PER.
YEAR AGO
EDUCATION
$46.9
N/A
12.7%
HIGHWAYS
$15.9
N/A
5.5%
PUBLIC WELFARE - - - - -
$22.5
N/A
4.0%
BILLIONS
HEALTH AND HOSPITALS
$8.4
N/A
14.9%
BILLIONS
OF DOLLARS
OF DOLLARS
47
47
38
38
29
20
ALD 29 20 FORD LIBRAR,
11
11
2
2
1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 1973 1974
SOURCE: BUREAU OF THE CENSUS
Intergovernmental Revenue provided $33.2 billion, or 27.2 percent of the 1974
total of State General Revenue.
After increasing 17.3 percent on the average from 1970-1973, Intergovern-
mental Revenue rose only 1.4% in 1974.
As of 1973, more revenue was received from Income Taxes than from General Sales
Taxes.
However, General Sales Taxes rose at a faster rate (14.2 percent) than Income
Taxes (9.9 percent) in 1974.
Of the 1974 total, Education accounted for the largest portion of State Spending-
39.1 percent.
Since 1971, States have spent more for Public Welfare than for Highways.
Spending for Health and Hospitals, the fourth major state function, rose 14.9 per-
cent to $8.4 billion in 1974.
FORD is LIBRARY GERALD