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Weekly Briefing Notes, 10/6/1975
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36714180
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Weekly Briefing Notes, 10/6/1975
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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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Environmental Protection Agency. 12/2/1970-
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The original documents are located in Box 37, folder "Weekly Briefing Notes, 10/6/1975" 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 Gerald R. Ford donated to the United States of America his copyrights in all of his unpublished writings in National Archives collections.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 * * 7 * « THE VICE PReSiDENT * * WASHINGTON *1 17 * October 8, 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 OCTOBER 6, 1975 FORD & LIBRARY GERALD 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 FORD Week of October 6, 1975 SOURCES OF DATA Unemployment Rates U.S. Department of Labor, Bureau of Labor Statistics, "Employment and Earnings Statistics for the United States" Duration of Unemployment U.S. Department of Labor, Bureau of Labor Statistics, "Employment and Earnings Statistics for the United States" Labor Turnover in Manufacturing U.S. Department of Labor, Bureau of Labor Statistics, "Employment and Earnings Statistics for the United States" Help-Wanted Advertising The Conference Board Manufacturers' Shipments, Inventories, and Orders U.S. Department of Commerce, Bureau of the Census, "Manufactuers" Shipments, Inven- tories and Orders, Series M3-1" Wholesale Price Index U.S. Department of Labor, Bureau of Labor Statistics, "Wholesale Price Index" Construction Expenditures U.S. Department of Commerce, Bureau of the Census, "Value of New Construction Put in Place" Agricultural Prices U.S. Department of Agriculture, Crop Reporting Board Composite Index of Leading Indicators U.S. Department of Commerce, Bureau of Economic Analysis, "Business Conditions Digest" Outdoor Recreation U.S. Department of the Interior, National Park Service, Annual Reports, 1973, 1974. Unpublished 1975 data. Week of October 6, 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 X 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 X FOR LIBRARY A.5.4 Foreign Travel 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 October 6, 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 X A.7.2 Value of New Construction Work Done 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 ORD LIBRAR - Population by Size of Place X - Population in Rural and Urban Areas X B.1.3 Migration - Recent Movers X - Migration by Region X Week of October 6, 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 - At Selected Ages - Death Rates by Cause X - Leading Causes of Death X X X X X - Infant Mortality 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 Clinical Measurements X X X - Obesity - Drugs Drug Deaths X Drug Abuse Episodes X Liquor Consumption X - Smoking X - Physical Fitness X - Perceived Health Status X Week of October 6, 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 October 6, 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 1 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 October 6, 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 ERALD FORD FiRRan X - Average Length of Sentence X - Persons Executed and Sentenced to Death X - Average Prison Population X B.9.7 Expenditures for Administration of Criminal Justice X Week of October 6, 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 C.1.2 Old Age Assistance - Benefits Paid - Recipients C.1.3 Aid to the Disabled - Blind - Deaf - Other C.1.4 Aid to Families With Dependent Children - Recipients - Benefits C.1.5 Unemployment Insurance Coverage - Benefits Paid - Recipients C.1.6 Housing Assistance X X X X X X X X X X X X X X X X - Recipients - Benefits C.1.7 Food Stamps - Recipients - Benefits C.1.8 Aid to Disaster Victims - Recipients X - Benefits X C.1.9 Veterans Benefits - Recipients X - Benefits X ORD 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 October 6, 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 X D.2.3 Science Achievement in Schools - Secondary Schools X - Higher Education X Week of October 6, 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.2.1 - Unemployment Rate THIS CHANGE CHANGE PERIOD LAST PER. YEAR AGO ALL WORKERS, TOTAL 8.3 -1.1% 43.1% HOUSEHOLD HEADS 5.7 3.6% 67.6% MARRIED MEN 5.3 6.0% 89.3% PERCENT PERCENT 10 10 9 9 8 8 7 7 6 6 5 5 4 4 3 3 2 2 1 ? FORD GERALD 0 LIBRARIO 0 1971 1972 1973 1974 1975 SOURCE: BUREAU OF LABOR STATISTICS 6 OCTOBER 1975 A.2.1 - Civilian Labor Force and Employment THIS CHANGE CHANGE PERIOD LAST PER. YEAR AGO TOTAL CIVILIAN LABOR FORCE 93.1 0.0% 1.6% MILLIONS TOTAL CIVILIAN EMPLOYMENT 85.4 0.1% -1.1% MILLIONS OF PERSONS OF PERSONS 95 95 90 90 85 85 80 80 75 75 1971 1972 1973 1974 1975 SOURCE: BUREAU OF LABOR STATISTICS 6 OCTOBER 1975 The Overall Unemployment Rate declined slightly in September. However, Increases were recorded in the rates for Household Heads and Married Men. Total Civilian Employment remained virtually unchanged. One million below the September 1974 peak. FORD & LIBRARY CARALD Total Civilian Labor Force, at 93.1 million, was essentially the same as in August. Over the past year, the Labor Force has expanded by less than 1.4 million, with all the increase occurring in the last 7 months. A.2.1 - Unemployment Rate By Age, Sex, and Race Males, 20 Years and Over THIS CHANGE CHANGE PERIOD LAST PER. YEAR AGO ADULT MALES, NEGRO AND 12.1 9.0% 77.9% OTHER RACES PERCENT ADULT MALES, WHITE 6.5 6.6% 80.6% PERCENT 14 14 12 12 10 10 8 8 6 6 4 4 2 2 1971 1972 1973 1974 1975 Females, 20 Years and Over THIS CHANGE CHANGE PERIOD LAST PER. YEAR AGO ADULT FEMALES, NEGRO AND 12.1 -4.0% 45.8% OTHER RACES PERCENT ADULT FEMALES, WHITE 6.8 -1.4% 28.3% PERCENT 13 13 11 11 9 9 7 7 5 5 3 3 1971 1972 1973 1974 1975 SOURCE: BUREAU OF LABOR STATISTICS FORD & LIBRA 6 OCTOBER 1975 A.2.1 - Unemployment Rate By Age, Sex, and Race Both Sexes, 16 to 19 Years THIS CHANGE CHANGE PERIOD LAST PER. YEAR AGO TEENAGERS, NEGRO AND 37.2 -0.5% 13.8% OTHER RACES TEENAGERS, WHITE 17.4 -9.0% 15.2% PERCENT PERCENT 45 45 40 40 35 35 30 30 25 25 20 20 15 15 10 10 1971 1972 1973 1974 1975 SOURCE: BUREAU OF LABOR STATISTICS 6 OCTOBER 1975 Unemployment Rates for Adult Men, both White and Nonwhite, increased in September. Joblessness among Nonwhites rose 36 percent faster than among Whites. The Unemployment Rate for Adult Nonwhite Females retreated somewhat from last month's peak of 12.6 percent. The rate for White Women was essentially unchanged. FORD & LIBRARY GERALD Teenage Unemployment was reduced, however, the improvement was concentrated in the rate for White Teenagers. Nonwhite Teenage joblessness edged down only marginally. A.2:1 - Unemployment Rate By Industry THIS CHANGE CHANGE PERIOD LAST PER. YEAR AGO CONSTRUCTION 19.2 -3.5% 60.0% AGRICULTURAL WORKERS 9.9 -5.7% 47.8% MANUFACTURING - - - 10.6 1.0% 76.7% WHOLESALE AND RETAIL TRADE 8.7 -2.2% 31.8% PERCENT PERCENT 25 25 23 23 21 21 19 19 17 17 15 15 13 13 11 11 9 9 7 7 5 GERA 5 FORD LIBRARY 3 3 1971 1972 1973 1974 1975 SOURCE: BUREAU OF LABOR STATISTICS 6 OCTOBER 1975 A.2.1 - Unemployment Rate By Occupation THIS CHANGE CHANGE PERIOD LAST PER. YEAR AGO BLUE COLLAR 11.5 0.0% 64.3% SERVICE WORKERS 8.7 -6.4% 35.9% WHITE COLLAR 4.7 2.2% 34.3% PERCENT PERCENT 14 14 12 12 10 10 8 8 6 6 4 4 2 2 1971 1972 1973 1974 1975 SOURCE: BUREAU OF LABOR STATISTICS 6 OCTOBER 1975 Among the major industry groups, gains and losses were relatively small and offsetting. Unemployment in Construction decreased for the fourth consecutive month. Unemployment Rates for Blue-collar and White-collar workers were essentially unchanged. Joblessness among Service Workers dipped 6.4 percent from last month's recession peak of 9.3 percent. FORD & LIBRARY GERALD A.2.2 - Duration of Unemployment Number of Workers Unemployed THIS CHANGE CHANGE PERIOD LAST PER. YEAR AGO LESS THAN 5 WEEKS 2,790 4.3% 5.1% 5 TO 14 WEEKS 2,430 2.9% 42.9% Thousands 15 WEEKS AND OVER 2,856 0.5% 188.8% Thousands of Persons of Persons 4000 4000 3500 3500 3000 3000 2500 2500 2000 2000 1500 1500 1000 1000 500 500 0 EALD FORD 0 LIBRAS 1971 1972 1973 1974 1975 SOURCE: BUREAU OF LABOR STATISTICS 6 OCTOBER 1975 A.2.2 - Average Duration of Unemployment THIS CHANGE CHANGE PERIOD LAST PER. YEAR AGO AVERAGE DURATION 16.2 3.2% 67.0% WEEKS WEEKS 18 18 I6 16 14 14 12 12 10 10 8 8 1971 1972 1973 1974 1975 SOURCE: BUREAU OF LABOR STATISTICS 6 OCTOBER 1975 Long-Term Unemployment (15 weeks and over) was essentially unchanged at 2.9 million in September, almost 200 percent above last year's level. The number of workers jobless 15 weeks or longer rose by 14,000, after posting the first real decline in August since late 1973. The Average Duration continued to rise to 16.2 weeks. Highest level since late 1961. FORD & LIBRA RALD A.2.4 - Labor Turnover Rates in Manufacturing THIS CHANGE CHANGE PERIOD LAST PER. YEAR AGO TOTAL SEPARATION RATE 3.5 -12.5% -23.9% TOTAL ACCESSION RATE 4.1 -2.4% -4.7% 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 FORD & GERALD LIBRARY 6 OCTOBER 1975 A.2.4 - Components of Labor Turnover THIS CHANGE CHANGE PERIOD LAST PER. YEAR AGO NEW HIRES 2.5 4.2% -24.2% QUITS 1.6 6.7% -36.0% LAYOFFS 1.4 0.0% 16.7% PERCENT PERCENT 4.5 4.5 3.5 3.5 2.5 2.5 1.5 1.5 8.5 0.5 1971 1972 1973 1974 1975 SOURCE: BUREAU OF LABOR STATISTICS 6 OCTOBER 1975 Total Accessions declined but at a slower pace than Total Separations. Total Accessions fell 2.4 percent as a result of a decrease in Other Accessions (Recalls, Transfers, etc.).* New Hires, which rose 4.2 percent in August, have increased 67 percent since March. Total Separations dropped 12.5 percent returning to their January 1960 rate of 3.5, their lowest level since February 1955. Quits continued to rise, advancing 6.7 percent. FORD is LIBRAN Layoffs were unchanged from July when they reached their lowest level since last September. *Unpublished Data A.2.5 - Index of Help Wanted Advertising (1967=100) THIS CHANGE CHANGE PERIOD LAST PER. YEAR AGO HELP-VANTED INDEX 82 -2.4% -28.1% INDEX INDEX 135 135 125 125 115 115 105 105 95 95 85 85 75 75 65 GERA FORD 65 LIBRARY 1971 1972 1973 1974 1975 SOURCE: THE CONFERENCE BOARD 6 OCTOBER 1975 The Index of Help-Wanted Advertising fell for the first time in five months. Down 2.4 percent to a level of 82. Prior to this, the Index had recovered 20 percent from the March low. FORD is LIBRAR 07V830 A.4.4 - Manufacturers' Shipments, Inventories, Orders All Manufacturing THIS CHANGE CHANGE PERIOD LAST PER. YEAR AGO TOTAL INVENTORIES $146.3 -0.6% 4.7% UNFILLED ORDERS $121.9 0.3% -12.5% NET NEW ORDERS $85.5 2.3% -5.2% BILLIONS SHIPMENTS- - - $85.1 2.7% -0.4% BILLIONS OF DOLLARS OF DOLLARS 170 170 160 160 150 150 140 140 130 130 120 120 110 110 100 100 90 90 80 80 70 70 60 60 FOR 50 50 1971 1972 1973 1974 1975 GERALD LIBRARY SOURCE: BUREAU OF THE CENSUS 6 OCTOBER 1975 A.4.4 - Inventories by Stage of Fabrication All Manufacturing THIS CHANGE CHANGE PERIOD LAST PER. YEAR AGO WORK-IN-PROCESS $49.2 -0.6% 3.4% FINISHED GOODS $46.5 0.3% 10.6% BILLIONS MATERIALS AND SUPPLIES $50.6 -1.3% 1.1% BILLIONS OF DOLLARS OF DOLLARS 55 55 50 50 45 45 40 40 35 35 30 30 1971 1972 1973 1974 1975 SOURCE: BUREAU OF THE CENSUS 6 OCTOBER 1975 New Orders continued the strong upward trend begun in April, increasing 2.3. percent in August, for a total increase of 14.9 percent. This is the largest increase for any five month period in over 20 years (December 1954 - April 1955). Shipments rose 2.7 percent, a total increase of 9.8 percent from the March low. Largest 5-month upswing since January-May 1959. Unfilled Orders increased for the second month in a row. Manufacturers' Inventories decreased for the sixth consecutive month. FORD & LIBRARY GERALD The current period of contraction is the longest since the eleven month period ended August 1958. Materials and Supplies accounted for 80 percent of the total decline. Finished Goods increased for the first time since March. A.4.4 - Manufacturers' Shipments, Inventories, Orders Durable Goods THIS CHANGE CHANGE PERIOD LAST PER. YEAR AGO UNFILLED ORDERS $117.4 0.2% -12.6% TOTAL INVENTORIES $97.1 -1.1% 6.7% NEW ORDERS $42.5 2.1% -13.5% BILLIONS SHIPMENTS $42.3 2.7% -4.9% 1. BILLIONS OF DOLLARS OF DOLLARS 150 150 130 130 110 110 90 90 70 70 50 50 30 30 10 10 1971 1972 1973 1974 1975 A.4.4 - Manufacturers' New Orders Selected Durable Goods Industries THIS CHANGE CHANGE PERIOD LAST PER. YEAR AGO PRIMARY METAL INDUSTRIES $6.8 10.1% -31.9% NONELECTRICAL MACHINERY $6.9 -6.3% -16.2% BILLIONS ELECTRICAL MACHINERY $5.8 9.5% 4.2% BILLIONS OF DOLLARS OF DOLLARS 10.5 10.5 9.5 9.5 8.5 8.5 7.5 7.5 6.5 6.5 ORD 5.5 GERALDR GERALD 5.5 LIBRARY 4.5 4.5 3.5 3.5 1971 1972 1973 1974 1975 SOURCE: BUREAU OF THE CENSUS 6 OCTOBER 1975 A.4.4 - Manufacturers' Shipments Selected Durable Goods Industries THIS CHANGE CHANGE PERIOD LAST PER. YEAR AGO PRIMARY METAL INDUSTRIES $6.4 7.9% -24.6% BILLIONS MOTOR VEHICLES AND PARTS $6.8 5.9% -0.8% BILLIONS OF DOLLARS OF DOLLARS 9 9 8 8 7 7 6 6 5 5 4 4 3 3 1971 1972 1973 1974 1975 SOURCE: BUREAU OF THE CENSUS 6 OCTOBER 1975 New Orders for Durable Goods continued to advance, led by increases in Primary Metals (up 10.1 percent) and Electrical Machinery (up 9.5 percent). The decline in Nonelectrical Machinery was partially offsetting. Durable Goods Shipments increased at a faster pace in August, up 2.7 percent compared to 1.9 percent in July and 0.6 percent in June. Major increases were reported in Primary Metals and Motor Vehicles and Parts. FORD & 07V830 LIBRARY Unfilled Orders of Durable Goods increased by 0.2 percent, the second increase in a row after declining for nine months. Durable Inventories were reduced at a faster rate in August, 1.1 percent compared to 0.6 percent in July. The decrease was widespread with nearly all major categories declining. A.6.2 - Wholesale Price Index Selected Processed Foods and Feeds THIS CHANGE CHANGE PERIOD LAST PER. YEAR AGO CRUDE VEGETABLE OILS 195.9 -13.7% -36.6% ANIMAL FATS AND OILS 411.4 9.0% 33.4% INDEX INDEX 475 475 425 425 375 375 325 325 275 275 225 225 175 175 125 125 75 75 1971 1972 1973 1974 1975 SOURCE: BUREAU OF LABOR STATISTICS 6 OCTOBER 1975 Sugar and Confectionery declined 9.7 percent in September after a 5.4 increase in August. Dairy Products increased for the seventh consecutive month. Meats, Poultry, and Fish are up 26.8 percent in one year. Sharp, offsetting movements were registered in Fats and Oils: Animal Fats and Oils -- up 9.0 percent. Vegetable Fats and Oils -- down 13.7 percent. FORD & GERALD LIBRARY A.6.2 - Wholesale Price Index Selected Processed Foods and Feeds THIS CHANGE CHANGE PERIOD LAST PER. YEAR AGO SUGAR & CONFECTIONERY 217.7 -9.7% -26.3% DAIRY PRODUCTS 161.6 2.3% 11.1% MEATS, POULTRY, FISH 209.8 4.4% 26.8% INDEX INDEX 450 450 400 400 350 350 300 300 250 250 200 200 150 150 100 100 1971 1972 1973 1974 1975 SOURCE: BUREAU OF LABOR STATISTICS FORD & LIBRARY GERALD 6 OCTOBER 1975 A.6.2 - Wholesale Price Index Selected Industrial Commodities THIS CHANGE CHANGE PERIOD LAST PER. YEAR AGO METALS E METAL PRODUCTS 185.5 0.8% - -1.0% FUELS AND POWER 255.4 1.6% 13.3% INDEX INDEX 260 260 235 235 210 210 185 185 160 160 135 135 110 110 1971 1972 1973 1974 1975 SOURCE: BUREAU OF LABOR STATISTICS 6 OCTOBER 1975 The principal contributions to the increase in Farm Products were: Fruits and Vegetables up 7.0 percent. Fluid Milk up 5.4 percent. Largest increase since the 10.3 percent recorded in September 1973. Livestock up 6.7 percent for a total increase of 45.0 percent since February. Higher prices for Fuels and Metals accounted for half of the 0.7 percent increase in Industrial Commodities. FORD & LIBRA RALD A.6.2 - Wholesale Price Index Selected Farm Products (1967=100) THIS CHANGE CHANGE PERIOD LAST PER. YEAR AGO FLUID MILK 188.3 5.4% 16.7% FRESH AND DRIED FRUITS 208.4 7.0% 11.9% AND VEGETABLES LIVESTOCK 209.5 6.7% 24.5% INDEX INDEX 275 275 250 250 225 225 200 200 175 175 150 150 125 125 100 1971 1972 1973 1974 1975 SOURCE: BUREAU OF LABOR STATISTICS GERALD 100 LIBRARY 6 OCTOBER 1975 The Wholesale Price Index for All Commodities advanced at a slower pace in September, 0.6 percent compared to 0.8 percent in August and 1.2 percent in July. Farm Prices which had decreased 1.5 percent in August, moved up sharply in September. Since March, Farm Prices have run up a total of 18.3 percent. Industrial Commodities increased 0.7 percent. Largest increase since November 1974. NOTE: All Commodities is seasonally adjusted independently and is not derived by adding together its seasonally adjusted components. On occasion, as in August and September, this procedure can produce situations in which changes in components are inconsistent with changes in the total, particularly when prices fluctuate widely. FORD i GERALD LIBRARY A.6.2 - Wholesale Price Index (1967=100) THIS CHANGE CHANGE PERIOD LAST PER. YEAR AGO FARM PRODUCTS 198.9 4.3% 7.9% PROCESSED FOODS AND FEEDS 186.3 1.0% 5.3% ALL COMMODITIES 177.2 0.6% 6.3% INDUSTRIAL COMMODITIES - 173.0 0.7% 8.7% INDEX INDEX. 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 & FORD 100 1971 1972 1973 1974 1975 SOURCE: BUREAU OF LABOR STATISTICS GERALD LIBRARY 6 OCTOBER 1975 A.4.4 - Manufacturers' Shipments Selected Nondurable Goods Industries THIS CHANGE CHANGE PERIOD LAST PER. YEAR AGO FOOD AND PRODUCTS $14.2 2.2% 4.6% BILLIONS PETROLEUM AND COAL PRODUCTS $5.9 7.3% 14.9% BILLIONS OF DOLLARS OF DOLLARS 15 15 13 13 11 11 9 9 7 7 5 5 3 3 1 1 1971 1972 1973 1974 1975 SOURCE: BUREAU OF THE CENSUS 6 OCTOBER 1975 Nondurable Inventories increased 0.5 percent, or $249 million in August. First increase since January. Food and Kindred Products was the major contributor, rising 2.8 percent. Nondurable Shipments continued the strong advance begun in May. The advance was broadly based, led by: Petroleum, up $398 million. FORD is LIBRARY GERALD Foods, up $306 million. A.4.4 = - Manufacturers' Shipments, Inventories Nondurable Goods THIS CHANGE CHANGE PERIOD LAST PER. YEAR AGO TOTAL INVENTORIES $49.2 0.5% 1.1% BILLIONS SHIPMENTS $42.8 2.6% 4.4% BILLIONS OF DOLLARS OF DOLLARS 55 55 50 50 45 45 40 40 35 35 30 30 25 25 1971 1972 1973 1974 1975 Selected Nondurable Goods Inventories THIS CHANGE CHANGE PERIOD LAST PER. YEAR AGO BILLIONS FOOD AND KINDRED PRODUCTS $11.0 2.8% -6.4% BILLIONS OF DOLLARS OF DOLLARS 13 13 12 12 11 11 10 10 9 9 8 SEAL ALD FORD LIBRARY 18 8 1971 1972 1973 1974 1975 SOURCE: BUREAU OF THE CENSUS 6 OCTOBER 1975 A.7.2 - Value of New Construction Work Done Seasonally Adjusted Annual Rates THIS CHANGE CHANGE PERIOD LAST PER. YEAR AGO CURRENT DOLLARS $126.2 1.1% -6.9% BILLIONS CONSTANT DOLLARS $65.5 0.5% -13.7% BILLIONS OF DOLLARS OF DOLLARS 150 150 140 140 130 130 120 120 110 110 100 100 90 90 80 80 70 70 60 60 50 50 1971 1972 1973 1974 1975 Private Residential Structures THIS CHANGE CHANGE PERIOD LAST PER. YEAR AGO RESIDENTIAL BUILDINGS $23.9 2.1% -17.9% BILLIONS OF 1 UNIT STRUCTURES $15.0 4.9% -0.7% BILLIONS OF 1967 DOLLARS 1967 DOLLARS 45 45 35 35 25 25 15 15 5 5 1971 1972 1973 1974 1975 SOURCE: BUREAU OF THE CENSUS 6 OCTOBER 1975 FORD & LIBRARY Private Nonresidential Buildings THIS CHANGE CHANGE PERIOD LAST PER. YEAR AGO NONRESIDENTIAL BUILDINGS 12.2 -2.4% -20.3% BILLIONS OF INDUSTRIAL BUILDINGS 3.7 1. -5.1% -9.8% BILLIONS OF 1967 DOLLARS 1967 DOLLARS 20 20 16 16 12 12 8 8 4 4 0 0 1971 1972 1973 1974 1975 SOURCE: BUREAU OF THE CENSUS 6 OCTOBER 1975 Construction Spending, in real dollars increased 0.5 percent in August. In current dollars, spending was up 1.1 percent after a 0.9 percent decline in July. Private Residential Buildings, up 2.1 percent from July, but down 17.9 percent from August a year ago. Private Nonresidential Structures continued to decline. FORD is LIBRARY 03RALD A.9.1 - Index of Prices Received and Paid By Farmers (1967=100) THIS CHANGE CHANGE PERIOD LAST PER. YEAR AGO PRICES PAID 189 1.1% 8.0% PRICES RECEIVED 193 3.2% 6.6% 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 GERALD LIBRARY SOURCE: U.S. DEPARTMENT OF AGRICULTURE 6 OCTOBER 1975 A.9.1 - Price Indexes - Selected Farm Commodities (1967=100) THIS CHANGE CHANGE PERIOD LAST PER. YEAR AGO DAIRY PRODUCTS 173 6.1% 11.6% MEAT ANIMALS 196 4.3% 29.0% POTATOES, ETC. 230 -16.4% 9.5% INDEX INDEX 410 410 370 370 330 330 290 290 250 250 210 210 170 170 130 130 90 90 1971 1972 1973 1974 1975 SOURCE: U.S. DEPARTMENT OF AGRICULTURE 6 OCTOBER 1975 Index of Prices Received by Farmers moved substantially above Prices Paid by Farmers for the first time since the latter part of 1974. Prices Paid by Farmers rose 1.1 percent, up 2 points to 189. Index of Prices Received by Farmers increased 3.2 percent which marks a return of price increases following lastmonth's unchanged reading. Prices Received for Meat Animals rose 8 points (4.3 percent), after dropping 6 points (3.1 percent) in August. Prices Received for Dairy Products rose for the third FORD & LIBRARI 075 consecutive month, up 6.1 percent. Prices for Potatoes, Sweet Potatoes, and Dry Beans dropped for the second straight month, down 16.4 percent. A.11.1 - Composite Index of Leading Indicators (1967=100) THIS CHANGE CHANGE PERIOD LAST PER. YEAR AGO INDEX OF LEADING INDICATORS 101.7 0.0% -6.5% INDEX INDEX 130 130 125 125 120 120 115 115 110 110 105 105 100 100 95 95 90 90 85 1971 1972 1973 1974 1975 SOURCE: BUREAU OF ECONOMIC ANALYSIS GERALD R 85 RD LIBRARY 6 OCTOBER 1975 The Composite Index of Leading Indicators leveled off in August, remaining at 101.7. From March to July, the Index had advanced 11.5 percent. July Index was revised upward to 101.7, 2.8 percent above the June figure. FORD & LIBRARY A.11.1 - Selected Components of Composite Index Vendor Performance Companies Reporting Slower Deliveries THIS CHANGE CHANGE PERIOD LAST PER. YEAR AGO VENDOR PERFORMANCE 36 20.0% -47.1% PERCENT PERCENT 95 95 85 85 75 75 65 65 55 55 45 45 35 35 25 25 15 15 1971 1972 1973 1974 1975 Index of Stock Prices - 500 Common Stocks (1941-43-10) THIS CHANGE CHANGE PERIOD LAST PER. YEAR AGO INDEX OF STOCK PRICES 85.71 -7.3% 12.7% INDEX INDEX 125 125 115 115 105 105 95 95 85 85 75 75 65 65 1971 1972 1973 1974 1975 SOURCE: BUREAU OF ECONOMIC ANALYSIS WALD LIBRARY 04 6 OCTOBER 1975 Of the eleven series available, five were positive, five posted declines, and one was unchanged. The largest positive contributing series was Vendor Performance (companies reporting slower deliveries). Increased 20 percent to a rate of 36, highest level since October. A 7.3 percent decline in Stock Prices had the largest negative impact. Prior to this month's slump, Stock Prices had increased 38 percent since December. FORD is LIBRAR GERALD B.8.2 - Total Park Visitation National Park System Number of Visits, Month of July 1973 34,045 1974 34,660 1975 39,078 Number of Visits, January through July 1973 127,590 1974 121,880 1975 137,800 0 20 40 60 80 100 120 140 160 Millions of Visits Source: National Park Service 6 October 1975 FORD is LIBRARY OFRALD For the first 7 months of 1975 total National Park System visitation was up 13 percent over the first 7 months of 1974 and up 8 percent from the same period of 1973. Total visitation was down during the first seven months of 1974 compared to 1973, showing effects of the oil embargo and gasoline prices during the winter. By the month of July, however, National Park area visitation showed an increase over July of 1973. Visits to park areas during July of this year passed 39 million, up nearly 13 percent from last year, and almost 15 percent from July 1973. FORD : LIBRARY GERALD