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Weekly Briefing Notes, 10/28/1975
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Weekly Briefing Notes, 10/28/1975
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The original documents are located in Box 38, folder "Weekly Briefing Notes, 10/28/1975"
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States of America his copyrights in all of his unpublished writings in National Archives collections.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 38 of the William J. Baroody Files at the Gerald R. Ford Presidential Library
#
*
#
THE VICE PRESIDENT
#
*
WASHINGTON
# # *
October 28, 1975
MEMORANDUM FOR BILL BAROODY
Attached is this week's copy
of the Weekly Briefing Notes.
lueson
WEEKLY CHARTBOOK
FOR CALENDER YEAR 1975
TABLE OF CONTENTS
October 28. 1975
FREQUENCY LEGEND: W=Weekly: M=Monthly: Q=Quarterly: A=Annual; 0=0ther
SECTION A-General Economic Indicators
DATE SERIES LAST AP-
PEARED IN CHARTBOOK
Part 1-National Income and Product
A.1.1 (Q) Gross National Product
4/21.5/27,7/21.8/25
A.1.2 (M) Personal Income
5/19.6/23,7/21.8/25.9/22
A.1.3 (Q) Corporate Profits
5/27.6/23,8/25.9/2.9/22
A.1.4 (Q) Federal Receipts and Expenditures
5/27.8/4.8/25
A.1.5 (Q) Business Investment
4/21,6/9.6/16,9/8
Part -Employment and Unemployment
A.2.1 (M) Unemployment Rate
5/5,6/9,7/7.8/4,9/8,10/6
A.2.2 (M) Duration of Unemployment
5/5,6/9,7/7.8/4,9/8,10/6
A.2.3 (W) Unemployment Insurance
4/21.5/27,6/30.9/15
A.2.4 (M) Labor Turnover
5/5,6/2,6/30.8/4 9/2.10/6
A.2.5 (M) Help Wanted Index
6/2.6/30.8/4.9/15.10/6
Part 3-Hours. Earnings and Productivity
A.3.1 (M) Average Workweek, Manufacturing
5/5,6/9,7/7.8/4,9/8.10/14
A.3.2 (M) Compensation Per Man-hour
4/21.5/5.6/9.7/7.8/4
A.3.3 (Q) Productivity Indices
6/2,8/4,8/11,9/2
A.3.4 (M) Real Earnings
4/28.5/27,6/23.7/28.8/25.9/22
A.3.5 (M) Work Stoppages
7/14,8/4.10/14
Part 4-Production and Trade
A.4.1 (W) Industrial Production Index
5/19,6/23.7/21.8/18.10/20
A.4.2 (W) Production of Primary Metals
4/28.6/9.6/16,7/14,8/11,9/15,10/14
A.4.3 (M) Production and Sales of
Transportation Equipment
6/9,8/1,8/18,9/15.10/14
A.4.4 (W) Manufactures' Shipments. Inventories.
and Orders
4/28.5/5.5/27,6/9,7/7,7/28.8/25.9/8.9/29.10/6
A.4.5 (Q) Capacity Utilization
4/28.7/28.10/20
A.4.6 (M) Retail Sales
4/21.5/12,6/16,7/14.8/11.8/18.9/15.10/20
A.4.7 (M) Wholesale Trade: Sales and Inventories
4/21.5/12,6/9,7/14,8/11.9/15,10/14
A.4.8 (M) Manufacturing and Trade
Inventories and Sales
5/19,6/9.7/21,8/18.9/22.10/20
A.4.9 (Q) Manufactures' Evaluation
of Their Inventories
7/7
Part 5-Foreign Trade and Balance of Payments
A.5.1 (M) Exports and Imports
4/28.6/2.6/30,8/4.9/2,9/29
A.5.2 (M) Manufacturers' Export Sales
and Orders of Durable Goods
5/5,6/16,7/7,8/11,9/8,10/14
A.5.3 (Q) Balance of Payments
5/19.9/22
A.5.4 (A) Foreign Travel
6/30
Table of Contents-Continued
Part 6-Prices
A.6.1 (M) Consumer Price Index
A.6.2 (M) Wholesale Price Index
4/28.5/27,7/28.8/25.9/22
A.6.3 (W) Tuesday Spot Market Price Index
5/12.6/9.7/7,8/11,9/8.10/6
6/30.9/29
Part 7-Construction
A.7.1 (M) Housing Construction
A.7.2 (M) Value of New Construction Work Done
4/21.5/19,6/16,6/23.7/21.8/18.8/25.9/22.10/20
5/5.5/19.6/9.7/7,8/4.9/8,10/6
Part 8-Energy. Raw Materials. and Commodities
A.8.1 (W) Distribution of Electric Power
4/28
A.8.2 (M) Production and Consumption of Fossil Fuels
5/19
Part 9-Agriculture
A.9.1 (M) Farm Income and Expenses
8/4,9/2,10/6
Part 10-Money and Credit
A.10.1 (W) Money Stock Measures
A.10.2 (W) Bank Reserves
5/5,6/16,8/18,9/29
A.10.3 (M) Consumer Credit
A.10.4 (W) Common Stock Prices
5/12.6/9.7/14.8/11.9/15.10/14
A.10.5 (W) U.S. Government Securities
4/28.6/16,7/14.8/11,9/15.10/14
4/28
A.10.6 (M) Business Credit
5/19,8/18,9/15
A.10.7 (W) Interest Rates
6/23.7/14,8/11.9/15.9/29.10/14
Part 11-Indicators of Business Activity
A.11.1 (M) Composite Index of Leading Indicators
A.11.2 (M) New Business Incorporations
5/5,6/2.6/30.8/4.9/2.10/6
7/14.7/28
A.11.3 (M) Number of Business Failures
7/28
Table of Contents-Continued
Section B-Genera! Social Indicators
Part 1-Population
B.1.1
Population Estimates
(M)-Total Population
4/28
(A) Total Population by Age, Sex, Race
(A)-Rate of Growth
(A) Components of Change Birth. Death.
Net Immigration
5/12
(A) Abortions
(A) Total Fertility
6/2
(0) - Population Projections
4/28
B.1.2
Population Distribution
(0) Population by Size of Place
(0) - Population in Rural and Urban Areas
9/8
B.1.3 Migration
(A) Recent Movers
(A) Migration by Region
Part 2- The Family
B.2.1 Living Arrangements. Selected Characteristics
(A)-Age. Sex. and Race
(A) Single Person Households
(A) Children Living With Single Parents
(A) Average Family Size
6/16
B.2.2
Family Formation and Dissolution
(A) Marital Status of the Population
(M) Marriage and Divorce Rates
6/30
(A) Marriages Ending in Divorce
B.2.3 (0) Attitudes Towards Family Life
Part 3- Health
B.3.1
Life Expectancy
(A)-At Birth
6/30
(A)-At Selected Ages
6/30
(M.A) Death Rates by Cause
6/30
(A) -Leading Causes of Death
7/28
(M.A) - Infant Mortality
6/2
B.3.2 Disability
(0) Days of Disability by Type
(0) Institutionalized Population
(A) Disability by Degree of Limitation
and Cause
(A)-Short-Term Disability
B.3.3 Morbidity
(M) Communicable Diseases
(A) Acute Illness
B.3.4 Health Status
-Nutrition
(0) o Dietary Intake
(0) O Clinical Measurements
(0) Obesity
-Drugs
(M) O Drug Deaths
(M) O Drug Abuse Episodes
(A)-Liquor Consumption
(A)-Smoking
10/20
(0)-Physical Fitness
(0) Perceived Health Status
Table of Contents-Continued
B.3.5 Health Care Delivery
(A) Physician and Dental Visits
8/18
(A) Costs and Expenditures
(A) - Facilities
8/18
(A) Personnel
(0) Attitudes Toward Health Care
Part 4-Education
B.4.1 Educational Achievement. Selected Characteristics
(0) Math. Science, Reading. Writing
(0) Music. Art. Literature. Citizenship
B.4.2 Attainment
(A) -High School Graduation Rate
5/5,6/30
(A) The High School Educated
Population by Race and Sex
(A) College Educated Population
by Race and Sex
B.4.3 School Enrollment
(A) Primary and Secondary School
(A) - Preprimary by Age, Race. Income
(A) Modal Grade Enrollment by Sex,
Race and Age
(0) -High School Students
Expecting to go to College
9/29
(0) College Entrance Rates by Sex.
Race, and Socioeconomic Status
6/30
(A)-College Enrollment
9/8
(0) -Participation in Adult Education
B.4.4 Educational Facilities and Personnel
(A) Schools, Classrooms
(A) Teachers. Administrative. Others
B.4.5 Costs and Expenditures
(0) Expected Student Expenses,
Higher Education
7/7
(A) - Expenditures by Level of Government
Part 5-Work
B.5.1 Labor Force, Employment and Unemployment
(A)-Labor Force Participation
(A) -Part-time. Part-year Workers
5/12
(A) Employment by Occupation
(M.A)-Unemployment
(Q) -Discouraged Workers
(A) Labor Union Membership
8/18
B.5.2 Earnings
(A) Median Earnings
B.5.3
Working Conditions
(A) Regular and Overtime Hours
(A) Work Injuries by Occupation
9/15
(0) Time. Distance. and Mode of Transportation
to Work
B.5.4 Benefits
(0) Vacations, Holidays
(A) Benefit Plans
B.5.5 Retirement
(A) - Persons Retiring From Work
(0) Work Life Expectancy
(A) - Retirement Benefits
Table of Contents-Continued
Part 6- Income. Consumption, and Wealth
B.6.1
Income Levels
(A) Median Family Income
7/21
(A) - Composition of Family Income
(A) - Per Capita Income
B.6.2 Distribution of Income
(A)-Age,Race. and Sex
(A) Regional Differences
(A) - Income Dispersion
B.6.3 Poverty
7/21
B.6.4 Consumption
(Q) - Personal Consumption Expenditures
(A) - Consumption of Durable Goods
7/14
B.6.5 Wealth
(0) Wealth and Net Worth of Consumer Units
(0) - Composition of Wealth
B.6.6 Consumer Borrowing and Debt
(A) - Amount of Debt Outstanding
(A) Debt/Income Ratio
B.6.7 Consumer Attitudes
(M) Attitudes Toward Energy Use
7/21
(Q) Attitudes Toward the Economy
7/14,10/20
Part 7-Housing
B.7.1 Housing Conditions
(A) Average Size of Households
(A) Households Lacking Selected Facilities.
by Size, Race, Tenure. and Location
(A) - Average Number of Persons Per Room
B.7.2 Home Tenure
(A) Single Family Dwellings
9/2
(A) Mobile Homes
(A) - Condominiums and Other Multi-
Unit Structures
(A) Vacation Homes
B.7.3 Cost and Expenditures
(A) - Average Mortgage Payments
(A) - Upkeep and Maintenance
10/20
(A) - Average Rental Payments
(M) Median Price for New One Family Homes
5/19
B.7.4
Attitudes Towards Housing
and the Community
Part 8-Leisure and Recreation
B.8.1 Use of Leisure Time
B.8.2 Recreation
(0) Outdoor (Social, Active Sports, etc)
10/6
(A.O) - Indoor (Television, Visiting. Other)
Part 9-Public Safety
B.9.1 Crimes Known to Police
(Q.A) Violent
6/2,7/28
(Q.A) - Property
7/28
B.9.2 Victims of Crime, Selected Characteristics
(A) Violent
6/2
(A) - Property
9/29
B.9.3 (0) Fear of Crime, Selected Characteristics
B.9.4
Police Activity
(A) - Persons Arrested by Charge
Table of Contents-Continued
(A) - -Of fenses Cleared
6/2
B.9.5
Judicial Activity
(A) - Persons Sentenced for
Federal Crimes
B.9.6 Prisoners: Adults and Juveniles
(A) - Prisoners by Sentence
(A) - Average Length of Sentence
(A) - Persons Executed and
Sentenced to Death
(A) . Average Prison Population
B.9.7 (A) Expenditures for Administration
of Criminal Justice
Table of Contents-Continued
SECTION C-Government Activity
Part 1-Social Welfare and Security
C.1.1 Social Security (OASDHI)
(M) -Current Beneficiaries
5/12
(M) -New Beneficiaries
5/12
(M) -Average Payment
C.1.2 Old Age Assistance
(M) -Benefits Paid
(M) -Recipients
C.1.3 Aid to the Disabled
(M) -Blind
(M) -Deaf
(M) -Other
C.1.4 Aid to Families with Dependent Children
(M) Recipients
9/15
(M) - Benefits
9/15
C.1.5 Unemployment Insurance Coverage
(M) -Benefits Paid
(M) - Recipients
C.1.6 Housing Assistance
(M) Recipients
(M) Benefits
C.1.7
Food Stamps
(M) -Recipients
(M) -Benefits
C.1.8 Aid to Disaster Victims
(A) - Recipients
(A) Benefits
C.1.9 Veterans Benefits
(M) - Recipients
(M) Benefits
Part 2-Equal Opportunity
C.2.1 Equal Employment Opportunity
(A) -Minority Employment
(A) -Earnings, Promotions. etc
C.2.2 School Desegregation
(A) Students Attending Predominantly
Minority Schools
(A) -Public/Private Enrollment
and Control
Part 3-Government Operation
C.3.1 Federal Employment
(M) - Employees
(M) Payroll
C.3.2 State and Local Employment
(M) - Employees
7/28
(M) Payroll
9/2
Table of Contents-Continued
SECTION D-Environment, Science, Culture
Part 1-Environment
D.1.1 Air Quality
(A) -Amount of Pollutants Released
Into the Atmosphere
(A) Ambient Air Quality. Nationwide.
Major Cities
(0) - Perceived Quality
D.1.2 Water Quality
(A) -Miles of Streams Meeting EPA Standards
7/28
(A) -Oil Spills. Fish Kills
(0) -Eutrophication of Lakes
7/28
D.1.3(0) Hazardous Substances
(A) - Amounts Produced
(A) Concentration in Biosphere
D.1.4 Ecological Balances
(A) -Endangered Species (Plant and Animal)
(0) -Critical Areas (Coastal Zones)
(A) - -Land/People Density
Part 2-Science
D.2.1 Professionals in Basic Research
(A) -By Speciality
8/25
(A) - Person Years of Scientists,
Engineers Engaged in R&D
D.2.2 Expenditures for Research and Development
(A) Private Industry
(A) -Government
D.2.3 Science Achievement in Schools
(0) -Secondary Schools
(0) -Higher Education
D.2.4 Public Attitudes
Toward Science and Technology
Part 3-Culture
D.3.1 (0) Persons Employed in Artistic Professions
D.3.2 (0) Children's Skill and Appreciation of
Literature. Arts. Music
D.3.3 Participation in Cultural Activities
(A) Voluntary Organizations
(A) Travel
(A) -Hobbies. Sports, Music, etc
D.3.4 . Attendance at Cultural Events
(A) -Plays, Galleries. Motion Pictures
(A) -Concerts. Museums. etc
Table of Contents-Continued
SECTION E-Selected Subjects
E.0.1 (A) - -Spanish Origin Population
8/11
E.0.2 (A) -Metropolitan and Nonmetropolitan Population
10/14
WEEKLY
BRIEFING NOTES
ON U.S. DOMESTIC
DEVELOPMENTS
Prepared for the President
and the Vice President
FORD is LIBRARY 0ERVLD
OCTOBER 28, 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 October 28, 1975
SOURCES OF DATA
Gross National Product
U.S. Department of Commerce, Bureau of Economic Analysis, "Survey of Current Business"
Personal Income
U.S. Department of Commerce, Bureau of Economic Analysis, "Survey of Current Business"
Productivity Indexes
U.S. Department of Labor, Bureau of Labor Statistics, "Productivity: An International
Perspective"
Real Earnings
U.S. Department of Labor, Bureau of Labor Statistics, "Employment and Earnings Statistics
for the United States"
Manufacturers' Shipments and Orders - Advance Report on Durable Goods
U.S. Department of Commerce, Bureau of the Census, "Manufacturers' Shipments, In-
ventories and Orders, Series M3-1"
Consumer Price Index
U.S. Department of Labor, Bureau of Labor Statistics, "The Consumer Price Index
Money Stock
Board of Governors of the Federal Reserve System, Statistical Release H.6, "Money Stock
Measures"
Interest Rates
Federal Home Loan Bank Board, Office of Economic Research
Migration
U.S. Department of Commerce, Bureau of the Census, Current Population Reports, Series
P-20, No. 285, "Mobility of the Population of the United States March 1970 to March
1975."
Week of October 28, 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 X FORD
A.5.2 Manufacturers' Export Sales and Orders of Durable Goods
A.5.3 Balance of Payments
X
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 October 28, 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
X
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
X FORD
- Total Population
- Total Population by Age, Sex, and Race
X
- Rate of Growth
X
- Components of Change (Births, Deaths, Net Immigration)
X
- Population Projections
X
- Abortion
X
B.1.2 Population Distribution
- 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 28, 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
CHAIR 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
ORD At Selected Ages
CONTACT 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
GERALD FORD LIBRARI
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 28, 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 28, 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
GERALD R. FORD
- 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 28, 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 October 28, 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
- Upkeep and Maintenance
- Average Rental Payments
X X 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
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 28, 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
X
- New Beneficiaries
X
- Average Payment
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 October 28, 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
- Hobbies, Sports, Music, etc.
D.3.4 Attendance at Cultural Events
- Plays, Galleries, Motion Pictures
X X X X
- Concerts, Museums, etc.
SECTION E-Selected Subjects
A.1.1 - Gross National Product
Preliminary Estimates
THIS
CHANGE
CHANGE
PERIOD
LAST PER.
YEAR AGO
CURRENT DOLLARS
$1,497.8
3.9%
5.8%
BILLIONS
1958 DOLLARS
$804.6
2.7%
-2.2%
BILLIONS
OF DOLLARS
OF DOLLARS
1600
1600
1500
1500
1400
1400
1300
1300
1200
1200
1100
1100
1000
1000
900
900
800
GERALD ? FORD
800
700
700
600
600
1971
1972
1973
1974
1975
SOURCE: BUREAU OF ECONOMIC ANALYSIS
28 OCTOBER 1975
A.1.1 - Chain Price Index
THIS
CHANGE
CHANGE
PERIOD
LAST PER.
YEAR AGO
PERCENT
CHAIN PRICE INDEX
7.2%
33.3%
-43.3%
PERCENT
ANNUAL RATE
ANNUAL RATE
15
15
12
12
9
9
6
6
3
3
0
0
1971
1972
1973
1974
1975
SOURCE: BUREAU OF ECONOMIC ANALYSIS
28 OCTOBER 1975
Real Gross National Product (in 1958 dollars) rose $21
billion in the third quarter, a seasonally adjusted annual
rate of 11.2 percent.
Steepest advance since the first quarter of 1955,
another post-recession period, when real GNP rose
12.4 percent.
More than half the increase in real GNP in the third
quarter reflected a sharp slowdown in inventory
liquidation.
Gross National Product in current dollars rose $56.9 billion
or 16.7 percent at annual rates.
FORD & GERALD LIBRARY
Sharpest rise since first quarter 1951 when GNP rose
at an annual rate of 18.9 percent.
Inflation, as measured by the GNP Chain Price Index,
accelerated to a 7.2 percent annual rate in the third
quarter, compared to 5.4 percent in the second quarter.
A.1.1 - Components of Gross National Product
1958 Dollars
THIS
CHANGE
CHANGE
PERIOD
LAST PER.
YEAR AGO
PERSONAL CONSUMPTION
$548.9
1.7%
0.3%
EXPENDITURES
GOVERNMENT PURCHASES OF
$149.6
0.3%
2.5%
GOODS AND SERVICES
GROSS PRIVATE DOMESTIC
$94.9
17.6%
-22.7%
BILLIONS
INVESTMENT
BILLIONS
OF DOLLARS
OF DOLLARS
600
600
550
550
500
500
450
450
400
400
350
350
300
300
250
250
200
200
150
150
100
100 ORD LIBRARY
50
50
1971
1972
1973
1974
1975
SOURCE: BUREAU OF ECONOMIC ANALYSIS
28 OCTOBER 1975
A.1.1 - Change in Business Inventories
1958 Dollars
Billions of
1958 Dollars
30
20
10
0
-10
-20
-30
1971
1972
1973
1974
1975
Source: Bureau of Economic Analysis
28 October 1975
Real Personal Consumption Expenditures accelerated in the
third quarter, rising $9.2 billion, an annual rate of 7.0
percent, compared to 6.3 percent in the second quarter.
Government Purchases of Goods and Services (1958 dollars)
increased $0.4 billion in the third quarter, compared to a
rise of $2.5 billion in the second quarter.
After six consecutive quarterly declines, Gross Private
Domestic Investment increased a record $14.2 billion to an
annual rate of $94.9 billion.
$12.3 billion of this increase was due to a sharp
GERALD FORD LIBRARY
slowdown in the rate of Business Inventory liquidation.
A.1.2 - Personal Income
THIS
CHANGE
CHANGE
PERIOD
LAST PER.
YEAR AGO
TOTAL PERSONAL INCOME
$1,270.3
1.1%
7.8%
PRIVATE WAGES & SALARIES
$624.1
0.9%
2.7%
GOVERNMENT WAGES E SALARIES
$175.1
0.8%
9.5%
BILLIONS
TRANSFER PAYMENTS
$179.8
1.0%
23.2%
BILLIONS
OF DOLLARS
OF DOLLARS
1300
1300
1200
1200
1100
1100
1000
1000
900
900
800
800
700
700
600
600
500
500
400
400
300
300
200
200
FORD
100
GERALD
0 100
0
1971
1972
1973
1974
1975
SOURCE: BUREAU OF ECONOMIC ANALYSIS
28 October 1975
Personal Income rose for the second month in a row, up
1.1 percent ($14.4 billion).
Private Wages and Salaries increased 0.9 percent ($5.5
billion) in September, compared with 1.4 percent ($9.3
billion) in August.
Government Wages and Salaries rose 0.8 percent ($1.3 billion).
Pay increase for postal employees, retroactive to July
1975, accounted for $0.6 billion of the increase.
Transfer Payments rose 1.0 percent, about the same as last
month.
FORD is LIBRARY GERALD
A.1.2 - Wage and Salary Disbursements
Selected Industries
THIS
CHANGE
CHANGE
PERIOD
LAST PER.
YEAR AGO
COMMODITY-PRODUCING INDUSTRIES
$275.6
1.6%
-0.1%
MANUFACTURING-
-
$216.3
1.6%
-0.7%
DISTRIBUTIVE INDUSTRIES
$190.8
0.2%
4.2%
BILLIONS
SERVICE INDUSTRIES
$157.7
0.6%
7.7%
BILLIONS
OF DOLLARS
OF DOLLARS
290
290
275
275
260
260
245
245
230
230
215
215
200
200
185
185
170
170
155
155
140
140
125
125
FORD
110
GERALD
95 110 QRART
95
1971
1972
1973
1974
1975
SOURCE: BUREAU OF ECONOMIC ANALYSIS
28 OCTOBER 1975
A.1.2 - Proprietors' Income
THIS
CHANGE
CHANGE
PERIOD
LAST PER.
YEAR AGO
BUSINESS & PROFESSIONAL
$65.2
0.6%
4.3%
PROPRIETORS' INCOME
BILLIONS
FARM PROPRIETORS' INCOME
$32.3
8.0%
5.2%
BILLIONS
OF DOLLARS
OF DOLLARS
70
70
60
60
50
50
40
40
30
30
20
20
10
10
1971
1972
1973
1974
1975
SOURCE: BUREAU OF ECONOMIC ANALYSIS
28 OCTOBER 1975
Wage and Salary Disbursements in Commodity-Producing
Industries rose for the sixth consecutive month, up 1.6
percent.
Manufacturing payrolls also increased 1.6 percent.
Distributive and Service Industries both moved up but
at lower rates than in August.
Farm Proprietors' Income increased $2.4 billion for the
second consecutive month, up 8.0 percent.
Since March, Income has increased 75.5 percent.
FORD is LIBRARY GERALD
Still 28.1 percent below the high registered in 1973.
Business and Professional Proprietors' Income continued to
increase steadily, up 0.6 percent.
A.1.2 - Per Capita Disposable Personal Income
Annual Rate
THIS
CHANGE
CHANGE
PERIOD
LAST PER.
YEAR AGO
CURRENT DOLLARS
$5,045
-0.2%
7.8%
1958 DOLLARS
$2,855
-1.8%
0.5%
DOLLARS
DOLLARS
5300
5300
5000
5000
4700
4700
4400
4400
4100
4100
3800
3800
3500
3500
3200
3200
2900
2900
R
FORD
2600
2600
1971
1972
1973
1974
1975
GERA
ANV2
SOURCE: BUREAU OF ECONOMIC ANALYSIS
28 OCTOBER 1975
Per Capita Disposable Income in current dollars declined
marginally in the third quarter after a record increase of
$287 in the second quarter.
Real Per Capita Income declined $52 in the third quarter,
losing almost half the record $132 gain recorded in the
second quarter.
However, the current level, with the exception of the
second quarter, is the highest since the first quarter
of 1974.
FORD & LIBRARY
A.3.3 - Indexes of Unit Labor Costs
(1967=100)
Annual Rates
THIS
CHANGE
CHANGE
PERIOD
LAST PER.
YEAR AGO
TOTAL PRIVATE ECONOMY
157.8
-0.6%
6.3%
MANUFACTURING
139.6
-0.2%
10.6%
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
198.
FORD
105
BERALDR.
GERALD
105
LIBI
1971
1972
1973
1974
1975
ARE
SOURCE: BUREAU OF LABOR STATISTICS
28 OCTOBER 1975
Unit Labor Costs in the Total Private Economy fell at an
annual rate of 2.4 percent in the third quarter compared
with a 3.2 percent increase in the previous quarter.
First decline since the second quarter of 1972, and
the largest since the third quarter of 1965.
In the Manufacturing Sector, Unit Labor Costs decreased for
the first time since the first quarter of 1973.
Down 0.8 percent at an annual rate compared to a 6.2
percent increase in the previous quarter.
-
FORD is LIBRARY
A.3.3 - Indexes of Output Per Hour
(1967=100)
Annual Rates
THIS
CHANGE
CHANGE
PERIOD
LAST PER.
YEAR AGO
MANUFACTURING
129.2
2.1%
0.0%
TOTAL PRIVATE ECONOMY
114.0
2.2%
1.8%
PRIVATE NONFARM
112.4
2.3%
2.1%
INDEX
INDEX
135
135
130
130
125
125
120
120
115
115
110
110
105
105
&
FORD
028
07
100
100
GE
1971
1972
1973
1974
1975
SOURCE: BUREAU OF LABOR STATISTICS
28 OCTOBER 1975
Productivity in the Total Private Economy continued to
rebound, increasing at a 9.5 percent annual rate in the third
quarter.
Largest increase since the first quarter of 1971.
Reflects a 12.1 percent gain in output and a 2.4
percent rise in hours.
In the Private Nonfarm Sector, Output per Hour increased
for the second consecutive quarter following eight successive
quarterly declines.
Largest increase since the second quarter of 1961.
Manufacturing Productivity rose 8.9 percent at an annual
rate after a 2.6 percent increase in the previous quarter.
GERALD R. FORD IPA)
A.3.4 - Gross Average Weekly Earnings
THIS
CHANGE
CHANGE
PERIOD
LAST PER.
YEAR AGO
CURRENT DOLLARS
$164.9
-0.1%
4.8%
DOLLARS
1967 DOLLARS
$100.9
-0.6%
-2.8%
DOLLARS
PER WEEK
PER WEEK
175
175
165
165
155
155
145
145
135
135
125
125
115
115
105
105
95
95
1971
1972
1973
1974
1975
SOURCE: BUREAU OF LABOR STATISTICS
28 OCTOBER 1975
FORD is LIBRARY GERALD
A.3.4 - Spendable Average Weekly Earnings
THIS
CHANGE
CHANGE
PERIOD
LAST PER.
YEAR AGO
CURRENT DOLLARS
$148.9
-0.1%
9.0%
DOLLARS
1967 DOLLARS
$91.1
-0.6%
1.1%
DOLLARS
PER WEEK
PER WEEK
160
160
150
150
140
140
130
130
120
120
110
110
100
100
90
90
80
80
1971
1972
1973
1974
1975
SOURCE: BUREAU OF LABOR STATISTICS
28 OCTOBER 1975
Real Gross Weekly Earnings (in 1967 Dollars) decreased 0.6
percent in September, after rising 0.8 percent in August.
Over the year, Earnings were down 2.8 percent.
Gross Weekly Earnings (in Current Dollars) decreased 0.1
percent in September, the first decrease in 10 months.
Real Spendable Earnings declined 0.6 percent.
Real Spendable Earnings were up 1.1 percent from the
&
FORD
year ago level due to the Federal income tax reduction
which went into effect May 1, 1975.
GERALD
217
A.4.4 - Manufacturers' Shipments and New Orders
Advance Report for Durable Goods
THIS
CHANGE
CHANGE
PERIOD
LAST PER.
YEAR AGO
NEW ORDERS
$42.6
-0.2%
-7.8%
BILLIONS
SHIPMENTS
$43.4
2.0%
-3.3%
BILLIONS
OF DOLLARS
OF DOLLARS
50
50
45
45
40
40
35
35
30
30
25
25
1971
1972
1973
1974
1975
SOURCE: BUREAU OF THE CENSUS
28 October 1975
FORD & LIBRARY GERALD
A.4.4 - Manufacturers' Unfilled Orders
THIS
CHANGE
CHANGE
PERIOD LAST PER. YEAR AGO
BILLIONS
UNFILLED ORDERS
$116.7
-
-0.6%
-14.0%
BILLIONS
OF DOLLARS
OF DOLLARS
140
140
130
130
120
120
110
110
100
100
90
90
80
80
70
70
60
60
1971
1972
1973
1974
1975
SOURCE: BUREAU OF THE CENSUS
28 October 1975
Advance data for September indicate that:
Shipments of Durable Goods rose 2.0 percent.
Since the March low, Shipments have increased 10.8
percent.
New Orders for Durable Goods dropped for the first time in
seven months, down 0.2 percent.
Had increased 18.7 percent since the upward trend
began in March.
&
FORD
As a result, Unfilled Orders declined 0.6 percent, down 14
GERALD
percent from the high registered last September.
A.4.4 - Manufacturers New Orders
Components of Durable Goods
THIS
CHANGE
CHANGE
PERIOD
LAST PER.
YEAR AGO
TRANSPORTATION EQUIPMENT
$10.0
2.8%
-3.9%
PRIMARY METALS
$6.3
-8.4%
-26.5%
BILLIONS
ELECTRICAL MACHINERY
$5.2
-11.1%
0.4%
BILLIONS
OF DOLLARS
OF DOLLARS
12
12
10
10
8
8
6
6
4
4
2
2
1971
1972
1973
1974
1975
A.4.4 - Manufacturers' Shipments
Components of Durable Goods
THIS
CHANGE
CHANGE
PERIOD
LAST PER.
YEAR AGO
BILLIONS
PRIMARY METALS
$7.2
10.5%
-15.0%
BILLIONS
OF DOLLARS
OF DOLLARS
10
10
8
8
6
6
4
4
FORD
2
2
1971
1972
1973
1974
1975
GERA
LIBRARY
SOURCE: BUREAU OF THE CENSUS
28 October 1975
The decrease in New Orders was primarily due to decreases
in Electrical Machinery and Primary Metals, which was
partially offset by an increase in Transportation Equipment.
Electrical Machinery fell 11.1 percent ($642 million)
following two consecutive monthly increases.
Primary Metals dropped 8.4 percent ($577 million).
Transportation Equipment rose for the fifth straight
month, up 2.8 percent ($274 million).
The increase in Shipments was mainly due to an increase in
Primary Metals, up 10.5 percent.
Has increased 26.3 percent since the June low.
FORD is LIBRARY 038870
A.6.1 - Consumer Price Index
(1967=100)
THIS
CHANGE
CHANGE
PERIOD
LAST PER.
YEAR AGO
ALL SERVICES
169.1
1.0%
8.4%
ALL ITEMS
163.4
0.5%
7.9%
ALL COMMODITIES
160.5
0.2%
7.6%
COMMODITIES LESS FOOD- - -
151.2
0.3%
7.4%
INDEX
INDEX
180
180
170
170
160
160
150
150
140
140
130
130
120
120
FORD,
110
110
1971
1972
1973
1974
1975
GERALD
IBRARY
SOURCE: BUREAU OF LABOR STATISTICS
28 OCTOBER 1975
The Consumer Price Index for All Items advanced 0.5 percent
in September, up from the slim 0.2 percent rise in August.
For the third quarter, the Index was up 7.3 percent
compared to a 7.1 percent increase in the second
quarter.
The sharp rise in Services, up 1.0 percent or an annual rate
of 12.0 percent, led the advance.
Largest gain since September 1974.
All Commodities increased 0.2 percent in September, the
same as in August.
Commodities Less Food increased 0.3 percent, the second
smallest gain in two years.
FORD i LIBRARY GERALD
A.6.1 - Consumer Price Index
Food and Selected Components
THIS
CHANGE
CHANGE
PERIOD
LAST PER.
YEAR AGO
BEEF AND VEAL
173.6
-3.2%
2.2%
FOOD
177.6
0.1%
7.8%
INDEX
INDEX
185
185
170
170
155
155
140
140
125
125
110
110
1971
1972
1973
1974
1975
Components of Food
THIS
CHANGE
CHANGE
PERIOD
LAST PER.
YEAR AGO
DAIRY PRODUCTS
157.1
1.2%
3.4%
FRUITS & VEGETABLES
172.0
-0.8%
2.7%
INDEX
INDEX
180
180
170
170
160
160
150
150
140
140
130
130
120
120
FORD
110
110
1971
1972
1973
1974
1975
GERA
RARY
SOURCE: BUREAU OF LABOR STATISTICS
28 OCTOBER 1975
A.6.1 - Consumer Price Index
Apparel and Upkeep
THIS
CHANGE
CHANGE
PERIOD
LAST PER.
YEAR AGO
APPAREL E UPKEEP
142.9
-0.6%
2.6%
INDEX
INDEX
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
28 OCTOBER 1975
The Food Index rose only 0.1 percent in September after showing
no change in August.
For the September quarter Food rose at an annual rate of
7.5 percent compared to a 10.0 percent rise in the June
quarter.
The slower rate of increase was primarily due to a downturn in
beef prices.
Declined 9.4 percent at annual rates in the third quarter
compared to a 71.9 percent hike in the second quarter.
Fruits and Vegetables have declined 3.7 percent over the last
two months after steep advances in June and July.
Dairy Products increased at a faster pace in September, up 1.2
percent compared to 0.8 percent in August.
Apparel and Upkeep declined 0.6 percent in September after rising
FRALD 17 R. FORD
0.9 percent in August.
After showing no change in the June quarter, Apparel and
Upkeep advanced 1.1 percent overall in the September
quarter.
A.6.1 - Consumer Price Index
Transportation
THIS
CHANGE
CHANGE
PERIOD
LAST PER.
YEAR AGO
PUBLIC TRANSPORTATION
169.7
9.3%
14.0%
TRANSPORTATION
156.0
2.0%
9.2%
NEW CARS
129.5
1.1%
6.8%
INDEX
INDEX
175
175
165
165
155
155
145
145
135
135
125
125
115
115
105
105
1971
1972
1973
1974
1975
Health and Recreation
THIS
CHANGE
CHANGE
PERIOD
LAST PER.
YEAR AGO
FORD & GERALD LIBRARY
MEDICAL CARE SERVICES
182.8
0.9%
11.3%
HEALTH & RECREATION
155.2
0.5%
7.9%
INDEX
INDEX
190
190
175
175
160
160
145
145
130
130
115
115
1971
1972
1973
1974
1975
SOURCE: BUREAU OF LABOR STATISTICS
28 OCTOBER 1975
A.6.1 - Consumer Price Index
Housing
THIS
CHANGE
CHANGE
PERIOD
LAST PER.
YEAR AGO
HOUSING
168.7
0.5%
9.5%
FUEL OIL & COAL
240.1
1.3%
7.2%
GAS & ELECTRICITY
175.2
1.8%
15.8%
INDEX
INDEX
250
250
225
225
200
200
175
175
150
150
125
125
100
100
1971
1972
1973
1974
1975
SOURCE: BUREAU OF LABOR STATISTICS
28 OCTOBER 1975
Transportation costs increased 2.0 percent in September,
double the rate recorded in August.
Public Transportation up a record 9.3 percent, due
primarily to a boost in New York City transit fares.
New Cars rose at a faster rate in September, advancing
1.1 percent compared to 0.8 percent in August.
Medical Care Services up 0.9 percent in September.
The increase accelerated in the September quarter, up
2.6 percent compared to 2.1 percent in the second
quarter.
Housing costs continued to rise, pushed by rising costs of
FORD & 03RALD LIBRARY
fuels and utilities.
Fuel Oil and Coal resumed its rapid rise after slowing
somewhat in July and August.
Advanced at a 15.7 percent annual rate in the
third quarter compared with 12.3 percent in the
preceding quarter.
Gas and Electricity also rose at a faster pace in
September, increasing 1.8 percent.
A.10.1 - Money Stock Measures
THIS
CHANGE
CHANGE
PERIOD
LAST PER.
YEAR AGO
M5 = M3 + LARGE NEGOTIABLE
$1,149.9
0.7%
9.5%
CERTIFICATES OF DEPOSIT
M3 = M2 + DEPOSITS OF
$1,070.8
0.6%
11.0%
NONBANK THRIFT INSTITUTIONS
M2 = M1 + TIME DEPOSITS AT
$656.2
0.4%
8.8%
COMM'L BANKS EXCL. LARGE CD'S
M1 = CURRENCY PLUS
$294.6
0.1%
5.0%
BILLIONS
DEMAND DEPOSITS- - -
BILLIONS
OF DOLLARS
OF DOLLARS
1200
1200
1100
1100
1000
1000
900
900
800
800
700
700
600
600
500
500
400
400
300
300
200
200
100
0
100 FORD & 074430 LIBRA 0
1971
1972
1973
1974
1975
SOURCE: BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
28 OCTOBER 1975
With the exception of M5, Money Stock Measures registered
decreased growth from August:
Seasonally Adjusted Annual Rates (Percent)
July-August
August-September
M1
2.9
1.7
M2
5.9
4.6
M3
9.5
7.4
M5
4.4
8.0
For the third quarter as a whole, growth in the Money Stock
slowed from the second quarter growth rates:
Seasonally Adjusted Annual Rates (Percent)
Quarterly Averages
Second Quarter
Third Quarter
M1
8.6
6.9
M2
11.2
10.4
M3
13.8
13.1
M4
10.6
9.9
FORD & GERALD LIBRAT
A.10.7 - Average Conventional Home Mortgage Rate
Not Seasonally Adjusted
THIS
CHANGE
CHANGE
PERIOD LAST PER. YEAR AGO
PURCHASE OF NEW HOMES
8.94%
0.6%
-2.7%
PURCHASE OF EXISTING HOMES
9.14%
0.1%
-2.0%
PERCENT
PERCENT
10.0
10.0
9.5
9.5
9.0
9.0
8.5
8.5
8.0
8.0
7.5
7.5
7.0
R
7.0
1971
1972
1973
1974
1975
GERAID
SOURCE: FEDERAL HOME LOAN BANK BOARD
LIBRARY
28 OCTOBER 1975
Interest Rates on Conventional Home Mortgages increased
slightly from early August to early September.
Reflect the modest rise in rates at which major
mortgage lenders were making commitments for future
lending during the Spring.
Interest Rates for New Home Mortgages rose 0.6 percent
after holding steady in the previous two months.
Interest Rates for Existing Homes rose for the fourth
consecutive month, edging up 0.1 percent.
Smallest percentage increase in the recent upward
trend.
FORD & GERALD LIBRARY
A.10.7 - Average Convenuonal Home Mortgage Rate
Selected Metropolitan and Consolidated Areas
New Homes
September 1974
September 1975
Percent
10
94%
91%
92%
88%
8.9%
88%
8.8% 87%
86% 86%
8
6
4
2
0
Los Angeles
Philadelphia
Detroit
Chicago
New York
Long Beach
Pa.
Mich.
N.W. Indiana N.E. New Jersey
Calif.
(Consol. Area) )Consol. Area)
Existing Homes
September 1974
September 1975
Percent
12
103%
10-0%
10
93%
96%
93%
90%
93%
8.9%
87% 86%
8
6
FORD & LIBRARY GERALD
4
2
0
Los Angeles
Philadelphia
Detroit
Chicago
New York
Long Beach
Pa.
Mich.
N.W. Indiana N.E. New Jersey
Calif.
(Consol. Area) (Consol. Area)
Source: Federal Home Loan Bank Board
28 October 1975
Among the five largest metropolitan areas, Home Mortgage
Interest Rates decreased slightly over the past year.
There was little change in the interest rates for New Homes.
Los Angeles and Philadelphia, which had the highest
rates, dropped 3.4 and 4.1 percent, respectively.
Detroit and Chicago edged down 1.9 percent and 0.9
percent, respectively.
New York remained about the same.
Interest Rates for Existing Homes fell slightly more than
for New Homes.
Detroit was down 10.4 percent.
Los Angeles followed closely, down 9.1 percent.
Chicago and Philadelphia dropped 3.7 percent and 3.2
percent, respectively.
New York edged down 0.6 percent.
FORD & GERALD LIBRARY
B.1.3 - Net Migration by Region: 1965-70 and 1970-75
1965-70
Millions
1970-75
of Persons
2
1.829
15
1
0.657
0.695 0.708
05
0
-05
-0.637
-0-715
-1
-1.195
-1:342
-15
&
Northeast
North
South
West
Central
Source: Bureau of the Census
28 October 1975
FORD & LIBRARY GERALD
The South's net population gain from U.S. internal migration
from 1970 to 1975 was almost triple its gain from 1965 to
1970.
The Northeast and North Central regions had net losses in
the 1970-75 period that were about double their losses in
1965-70.
The West's net migration gain was about the same for both
periods.
FORD & GERALD LIBRARY
B.1.3 - Migration by Region: 1965-70 and 1970-75
Inmigrants
1965-70
Millions
of Persons
1970-75
5
4-082
4
3.142
3
2-309 2.347
2.024
2
1.731
1.273
1.057
1
0
Northeast
North
South
West
Central
Outmigrants
1965-70
Millions
of Persons
1970-75
0
-1
-1.613-1.639
a
-1.988
-2.399
-2.253
-2.486
-2.661
-3
-2.926
FORD is GERALD LIBRARY
-4
Northeast
North
South
West
Central
Source: Bureau of the Census
28 October 1975
The increases in net migration from 1965-70 to 1970-75 were
caused by changes in the patterns of in- and outmigration
for each region, not by increases in the absolute number of
migrants.
For example, a large increase in the number of people
migrating into the South was combined with a moderate
decrease in the number migrating out of the South to
produce a large increase in the net migration gain.
FORD & GERALD LIBRARY
B.1.3 - Percent Movers By Race: 1970-75
White
Black
Percent
60
50
45%
40-7%
40
35.7%
30
22.7%
20
180%
FORD & GERALD LIBRARY
10-1%
10
9-0%
5.9%
0
Percent Movers,
Same
Different
Different
Total
County
County,
State
Same State
Source: Bureau of the Census
28 October 1975
Between 1970 and 1975 blacks were more likely to change
residence than whites. In 1975 nearly 46 percent of blacks
5 years and over lived in a different house than in 1970,
while only 41 percent of whites had moved.
However, blacks tended to move shorter distances than whites.
In the 1970-75 period about 36 percent of blacks moved within
the same county compared with only about 23 percent of whites.
Whites had higher rates of intercounty and interstate migration
than blacks.
FORD & GERALD LIBRARY
B.1.3 - Movement Between Central Cities of SMSA's, Suburbs,
and Nonmetropolitan Areas: 1970-75
From Central
Cities:
to Suburbs
9.765
to Nonmetro-
3.240
politan Areas
From Suburbs:
to Central
Cities
3.828
to Nonmetro-
politan Areas
3.489
From Nonmetro-
politan Areas:
to Central
Cities
2.159
to Suburbs
2.967
0
1
2
3
4
5
6
7
8
9
10
Millions of Persons
Source: Bureau of the Census
28 October 1975
FORD & GERALD LIBRAR
B.1.3 - Net Migration for Central Cities of SMSA's, Suburbs,
and Nonmetropolitan Areas: 1970-75
Millions
of Persons
6
5.423
4
2
1.595
0
-2
1
-8
-7-018
-8
Central Cities
Suburbs
Nonmetropolitan
Areas
Standard Metropolitan
Statistical Areas
Source: Bureau of the Census
28 October 1975
Of all persons moving between central cities of Standard
Metropolitan Statistical Areas (SMSA's), suburbs (the balance
of SMSA's), and nonmetropolitan areas of the United States
51 percent, or 13 million persons, moved out of central
cities.
Almost 10 million persons moved from central cities to
suburbs, three times the number moving from central
cities to nonmetropolitan areas.
Overall, metropolitan areas had a net migration loss of 1.6
million persons.
Central cities had a netmigration loss of 7.0 million.
Suburbs had a net migration gain of 5.4 million.
FORD & GERALD LIBRARY
However, this net outmigration from metropolitan areas,
combined with changes in rates of natural increase and
immigration, has resulted in a lower rate of growth, but not
a population loss to metropolitan areas or a decline in the
long-standing trend toward increasing urbanization.
Nonmetropolitan areas had a net migration gain of 1.6 million.
B.1.3 - Percent of Population Moving To, From,
and Within SMSA's, By Age: 1970-75
WITHIN SAME SMSA -
OUTSIDE SMSA'S AT
BOTH DATES
BETWEEN SMSA'S
INTO SMSA'S
OUT OF SMSA'S - - -
PERCENT
PERCENT
40
40
35
35
30
30
25
25
20
20
15
15
10
GERRLD 10 FORD LIBRARY
5
5
0
0
5-14
15-19
20-24
25-29
30-34
35-44
45-64
65 Years
Years
Years
Years
Years
Years
Years
Years
and over
SOURCE: BUREAU OF THE CENSUS
28 OCTOBER 1975
Between 1970 and 1975 a larger percentage of persons moved
within the same Standard Metropolitan Statistical Area (SMSA)
than for any other type of mobility.
lthough 41 percent of all persons 5 years old and over moved
during the 5-year period, the rate for persons 25 to 29 years
of age was the highest - -- 72 percent. Highest mobility rates
occur among persons in their twenties, reflecting the
establishment of new households by young adults who have just
finished school, recently married, or newly entered the labor
force.
Persons moving into SMSA's from outside SMSA's were slightly
younger than persons moving from SMSA's to nonmetropolitan
areas.
In the 1970-75 period the median age of inmigrants to
SMSA's was 25.3 years as compared to 27.6 years among
outmigrants.
FORD : GERALD LIBRAR
B.1.3 - Percent Movers by Years of School Completed: 1970-75
(Population 18 Years and Over)
Total,18
Years And
406%
Over
Elementary
0 To 8
Years
29-2%
High School
1 To 3
Years
399%
4 Years
41.2%
College
1 To 3
Years
46.1%
4 Years Or More
498%
0
10
20
30
40
50
60
Percent
Source: Bureau of the Census
28 October 1975
FORD & GERALD LIBRA
Educational attainment influences the likelihood of changing
residence.
Among persons 18 years old and over, college graduates were
more likely to move than high school graduates who, in turn,
moved more often than persons with only a grade school
education.
Approximately one-half of those persons who had
completed college had moved between March 1970 and
March 1975.
Two-fifths of those persons who had completed high
school had moved during the time period.
Less than one-third of those persons who had only a
grade school education moved within the 5-year period.
Thus, as the level of education increases, so too does the
propensity to move.
FORD & GERALD LIBRA
B.1.3 - Percent Movers by 1974 Income: 1970-75
(Male Population 18 Years and Over)
Percent Moved,
All Income
407%
Levels
Less than
$3,000
33.4%
$3,000 - $4,999
383%
$5,000 - $6,999
43.8%
$7,000 - $9,999
470%
$10,000 - $14,999
431%
$15,000 or more
39.1%
0
10
20
30
40
50
60
Percent
Source: Bureau of the Census
28 October 1975
FORD & CERALD LIBRAL
For the male population 18 years and over, differences in
income influenced the likelihood of moving within the United
States between March 1970 and March 1975.
One-third of those persons whose income was less than
$3,000 in 1974 moved in the 5-year period.
Almost one-half of those persons whose income was $7,000
to $9,999 moved during the period, the highest proportion
moving for any income level. About one-fourth of these
persons were in the 18 to 24 age category.
At the highest level of income, that of $15,000 or more,
approximately 40 percent changed residence between March
1970 and March 1975.
Up to the $10,000 income level the likelihood of moving
increased as income increased, after which the percentage
decreased.
-
FORD & GERALD LIBRARY
B.1.3 - Percent Movers by Employment Status: 1970-75
(Male Population 16 Years and Over)
All Males,
402%
16 and Over
Civilian Labor
43.3%
Force,Total
Employed
42.7%
Unemployed
490%
Armed Forces
678%
Not in
Labor Force
279%
0
10
20
30
40
50
60
70
Percent
Source: Bureau of the Census
28 October 1975
FORD & LIBRAR ERALD
Of the male population ages 16 years and over, 40.2 percent
moved. between March 1970 and March 1975.
The smallest proportion of movers was among persons "not in
the labor force. 00 This group includes persons engaged in
own home housework, attending school or unable to work
because of long-term physical or mental illness; persons
who are retired or too old to work; seasonal workers for
whom the survey week fell in an off season; persons doing
only unpaid family work (less than 15 hours); and the
voluntarily idle.
Among males in the labor force, during the 5-year period
there was a significantly higher proportion of the unemployed
who moved than of the employed males 16 years and over.
Two-thirds of all males 16 years and over in the Armed Forces
moved during the 5-year period.
FORD & LIBRARY GERALD