The original documents are located in Box 39, folder “Weekly Briefing Notes, 2/16/1976” 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 Gerald R. Ford donated to the United States of America his copyrights in all of his unpublished writings in National Archives collections.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 39 of the William J. Baroody Files at the Gerald R. Ford Presidential Library
THE VICE PRESIDENT
WASHINGTON
February 19, 1976
MEMORANDUM FOR BILL BAROODY
Attached is this week's copy
of the Weekly Briefing Notes. WEEKLY BRIEFING NOTES TABLE OF CONTENTS FOR CALENDER YEAR 1976
February 16. 1976 FREQUENCY LEGEND: W=Weekly; M=Monthly; Q=Quarterly; A=Annual; O=Other SECTION A-General Economic Indicators DATE SERIES LAST AP· PEARED IN BRIEFING NOTES Part 1-National Income and Product A.1.1 (Q) Gross National Product .....•.....•..••.•.•....• 1/26 A.1.2 (M) Personal Income ...... •.....•.....•....•.. 1/26 A.1.3 (Q) Corporate Profits ...... •...... A.1.4 (0) Federal Receipts and Expenditures ...... •.... A.1.5 (0) Business Investment ...... ••.....••...••.•..•.. Part 2-Employment and Unemployment A.2.1 (M) Unemployment Rate ...... 1/12,2/9 A.2.2 (M) Duration of Unemployment ...... •....•...... 1/12,2/9 A.2.3 (W) Unemployment Insurance ...... •...... A.2.4 (M) Labor Turnover ...... 1/5.2/2 A.2.5 (M) Help Wanted Index ...... 1/12 Part 3-Hours. Earnings and Productivity A.3.1 (M) Average Workweek, Manufacturing ...... •...... 1/19 A.3.2 (M) Compensation Per Man-hour ...... •.. 1/19 A.3.3 (0) Productivity Indexes ...... 2/2 A.3.4 (M) Real Earnings ...... 1/26 A.3.5 (M) Work Stoppages ...... •..•..•..•••.. 1/5 Part 4-Production and Trade A.4.1 (W) Industrial Production Index ...... •. 1/19 A.4.2 (W) Production of Primary Metals ...... •.• 2/9 A.4.3 (M) Production and Sales of Transportation Equipment ...... 1/12,2/9 A.4.4 (W) Manufactures' Shipments. Inventories. and Orders ...... •...... 1/5,1/26.2/9 A.4.5 (0) Capacity Utilization ...... 1/5,1/26 A.4.6 (M) Retai 1 Sales ...... 1/12 A.4.7 (M) Wholesale Trade: Sales and Inventories ...... 1/12 A.4.8 (M) Manufacturing and Trade Inventories and Sales ...... ••.•..•. 1/19 A.4.9 (0) Manufactures' Evaluation of Their Inventories ...... •.•...... •...... Part 5-Foreign Trade and Balance of Payments A.5.1 (M) Exports and Imports ...... •...... •..•.•.. 1/5,2/2 A.5.2 (M) Manufacturers' Export Sales and Orders of Durable Goods ....•...... •...... 1/12,2/9 A.5.3 (Q) Balance of Payments ...... •••...... ••..•.••. A.5.4 (A) Foreign Travel ...... •....••.....•....•.•••.•.• Table of Contents-Continued Part 6-Prices A.6.1 (M) Consumer Price Index ...... •...... 1/26 A.6.2 (~)Wholesale Price Index ...... •.•.... 1/12 A.6.3 (W) Tuesday Spot Market Price Index ...... 1/5 Part 7·Construction A.7.1 (M) Housing Construction ...... •...... 1/19,1/26,2/2 A.7.2 (M) Value of New Construction Work Done ....•..•.•.. 1/5,2/9 Part 8-Energy, Raw Materials. and Commodities A.8.1 (WJ Distribution of Electric Power ...... A.8.2 (M) Production and Consumption of Fossil Fuels .... . 2/9 Part 9-Agriculture A.9.1 (M) Farm Income and Expenses ...•.•...... •..•.•..••. 1/5,2/2 Part 10-Money and Credit A.10.1 (W) Money Stock Measures ...... •...... •.. A.10.2 (W) Bank Reserves ...... •...... A.10.3 (Ml Consun.er Credit ...... A.10.4 (W) common Stock Prices ...... A.10.5 (W) U.S. Government Securities ...... •.....•...... A.10.6 (M) Business Credit...... A.10.7 (W) Interest Rates ...... Part 11-Indlcators of Business Activity A.11.1 (M) Composite Index of LeadinQ Indicators ...... •.. 1/5,2/2 A.11.2 (M) New Business Incorporations ..•...... •....•.• 2/2 A.11.3 (M) Number of Business Failures ..•.•...... •.•..•.. Part 12-Transportation A.12.1 (0) Commodity Transportation ...•....•...•••.••.••. A.12.2 (0) Air and Water ..•••.••....•••••••••.•.•••.•••.. 2/9 Table of Contents-Continued Section B-General Social Indicators Part 1-Population B.1.1 Population Estimates (M)-Total Population ...... •...... (Al-Total Population by Age. Sex, Race ...... (A)-Rate of Growth ...... •....•.. (Al-Components of Change (Birth, Death, Net Immigration) ...... •...... 2/2 (A)-Abortions ...... ; ...... •.. (A)-Total Fertility ...... •••...... (0)-Population Projections ...... •...•.. B.1.2 Population Distribution (-0)-Populatlon by Size of Place ...... (0)-Populatlon in Rural and Urban Areas ...... 1/12 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 ...... •...... •...... 1/19 (A)-Slngle Person Households ...... (A)-Children Living With Single Parents ...••.....•.. 1/19 (A)-Average Family Size ...... ••..•.... B.2.2 Family Formation and Dissolution {A)-Mar1tal Status of the Population ...... •....••. 1/19 {M)-Marriage and Divorce Rates ...... •...•... 1/19 (A)-Marriages Ending in Divorce ...... •...••.•...•. B.2.3 (0)-Attitudes Towards Family Life Part 3-Health B.3.1 Life Expectancy (A)-At Birth ...... •.....•...... (A)-At Selected Ages ...... ••...... (M,A)-Death Rates by Cause .....•..•...... •.... {A)-Leading Causes of Death ....•...... (M,A)-lnfant Mortality ...... •...... •.. B.3.2 Morbidity (M)-Communicable Diseases ...... •..•..... {A)-Acute Illness ...... •. B.3.3 Disability (0)-Days of Disability by Type ...... (0)-lnstitutlonalized Population ...... •..... (A)-Disability by Degree of Limitation and Cause ...... •.....•...... (A)-Short-Term Disability ...... •....•.•...••...... •. 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) - Smok i ng ...•...... •...•...•...•....•..••....••. (0)-Ph.ysical Fitness .•..•.•••.•••••••.•••.•••••..•.• Table of Contents-Continued (0)-Percelved Health Status ...... B.3.5 Health Care Del Ivery (A)-Physlclan and Dental Visits ...... (Al-Costs and Expenditures ...... 1/12 ( A)-Facl 11 ties ...... !Al-Personnel ...... (OJ-Attitudes Toward Health Care ...... •...... Part 4-Educatlon B.4.1 Educational Achievement. Selected Characteristics (OJ-Math. Science. Reading. Wrl ting ...... •..•.. (OJ-Music, Art, Literature. Citizenship ...... B.4.2 Attainment (A)-High School Graduation Rate ...... •••..•... (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 )-Prepr i mary by Age. Race, Income ...... •.•...••. (A)-Modal Grade Enrollment by Sex. Race and Age ...... •.....•....•.. (0)-High School Students Expecting to go to College ...... •...... (0)-College Entrance Rates by Sex, Race, and Socioeconomic Status ...... •...... (A )-Co 1 lege Enrol! ment ...... ••....•.. (OJ-Participation In Adult Education ...... •.... B.4.4 Educational Facilities and Personnel (A)-Schools. Classrooms ...... •.•..•.. (A)-Teach<;!rs. Administrative, Others ...... •..•.. B.4.5 Costs and Expenditures (0)-Expected Student Expenses. Higher Education ...... (A)-Expenditures by Level of Government ...... ••. Part 5-Work B.5.1 Labor Force, Employment and Unemployment (A)- Labor Force Participation ...... (A)-Part-tlme, Part-year Workers ...... •.. (A)-Employment by Occupation ...... •...... ( M, A) - Unemp 1oyment ...... , ...... (Q)-Discouraged Workers ...... •...... •.•.....••. (A)-Labor Union Membership .....••.•...... ••...•.. B.5.2 Earnings (A)-Median Earnings ...... •...... ••. B.5.3 Working Conditions (A)-Regular and Overtime Hours .•...... •.. (A)-Work Injuries by Occupation ...... •...• (0)-Tlme. Distance, and Mode of Transportation to Work ...... •....•.. B.5.4 Benefits (OJ-Vacations, Hol ldays ...... (Al-Benefit Plans ...... •...... • B.5.5 Retirement (A)-Persons Retiring From Work .•.••••...... •...••. (OJ-Work Life Expectancy ..•....••••.....•...•..•.••. (A)·Retlrement Benefits ..••.•.••.•••.•..•.•••.••.••. Table of Contents·Continued Part 6-Income. Consumption, and Wealth B.6.1 Income Levels {A)-Medlan Fam1ly Income ...... •...... •...••. 2/2 (A)-Compos1tton of Family Income ...... •.. IA)-Per Capl ta Income ...... •.... , ..... B.6.2 Distribution of Income (A)-Age.Race, and Sex ...... •...... I A)-Regl ona 1 DI fferences ...... •. (Al-Income Dispersion ...... •...... B.6.3 Poverty...... 2/2 B.6.4 Consumption IOI-Personal Consumption Expenditures ...... •...... 2/2 (Al-Consumption of Durable Goods ...... •....•..•..•.. B. 6. 5 Wea I th (OJ-Wealth and Net worth of Consumer Units ..•....•.• I Ol -Compos l t I on of Wea 1 th ...... •...... •...... B.6.6 Consumer Borrowing and Debt IA)-Amount of Debt Outstanding .....•...... •••. IA)·Debt/Income Rat1o ...... •.. B.6.7 Consumer Attitudes ...... • IM)-Attltudes Toward Energy Use ...... •..•.....• (Q)·Attitudes Toward the Economy...... 2/2 Part 7-Houslng B.7.1 Housing Conditions !Al-Average Size of Households ...... I Al-Households Lacking 5elected Facl JI ties, by Size, Race, Tenure. and Location ...... • (Al-Average Number of Persons Per Room •...... B.7.2 Home Tenure (A}·Single Family Dwellings ...... •...... •...• (A}·Mobile Homes ...... ••...... •...•..•.•• (Al-Condominiums and Other Multi· Unit Structures ...... :...... 1/5 IA)·Vacation Homes ...... •• B.7.3 Cost and Expenditures (Al-Average Mortgage Payments ..•...... ••. IA)-Upkeep and Maintenance...... 1/5 IA)-Average Rental Payments ...... •....•• (M)-Median Price for New One-Family Homes ...••...•. B.7.4 Attitudes Towards Housing and the Community ...... •..... , ...... •• Part 8-Lelsure and Recreation B.8.1 Use of Leisure Time ...... B.8.2 Recreation (0)-0utdoor (Social. Active Sports. etc) ...... IA,OJ·Indoor (Television, Visiting, Other} ...... Part 9-Publ1c Safety B.9.1 Crimes Known to Police IQ.Al-Violent...... 1/5 IQ.A)·Property...... 1/5 B.9.2 Victims of Crime. Selected Characteristics IA)-Violent ...... •...... •••..•• (A)· Property .....•...... •...... •.....•.•..•• B.9.3 (0) Fear of Crime. Selected Characteristics •••..•• B.9.4 Police Act1v1ty Table of Contents•Contlnued IA)-Persons Arrested by Charge ...... , ...... I A) -Offenses C 1eared ...... •....••.... B.9.5 Judicial Activity (A)-Persons Sentenced for Feder a 1 Cr I mes ...... •...... B.9.6 Prisoners: Adults and Juveniles CAI-Prisoners by Sentence ...... •...... •• IA)·Average Length of Sentence ...... •....•. (A)·Persons Executed and Sentenced to Death ...... ; ...•..•...... (Al-Average Prison Population ...... •..•.•...•..•..• B.9.7 (A) Expenditures for Administration of Criminal Justice ...... •.••...... ••.•..••.. Table of Contents-Continued SECTION C·Government Activity Part 1·Socla1 Welfare and Security C.1.1 Social Security (OASDHI) (M) ·Current Beneficiaries .....•...... •.. (M) ·New Beneficiaries ...... •...... ••. ( M) ·Average Payment ...... •.••...... •...... •.. C.1.2 Old Age Assistance ( M) • eenef I ts Pa Id ...... •..•...... •...... (M) -Recipients ...... •...... C.1.3 Aid to the Disabled
( M) - B 1 Ind ...... , ...... (M) ·Deaf ...... ••....•.. (Ml ·Other ...... •....•.....•.•...•.. C.1.4 Aid to Families with Dependent Children (M) ·Recipients ...... •.•.• , ...... •..... (M) -Benef 1 ts ...... •.•..•.. C.1.5 Unemployment Insurance Coverage ( M) • Bene f 1 t s Pa I d ...... •...... (M) • Recipl ents ...... •.... , •.•...... •...•.. C.1.6 Housing Assistance (MJ -Recipients ...... •••...... { M) - Benef 1 ts ...... ••...... •... , ... C.1.7 Food Stamps (MJ -Recipients ...... •••....•.. {M) -Benef 1 ts ...... •...•...... ••.•..•.. C.1.B Aid to Disaster Victims (A) -Recipients ...... ••.••..•....••....•.. (A) - Bene f I ts ...... •.....••.....•.•••••.••.••• C.1.9 Veterans Benefits (Ml ·Recipients ...... •....•..••.••.•.. ( M) - Bene f l t s ...... • . • • . • . . • . . • . • ...... Part 2-Equal Opportunity C.2.1 Equal Employment Opportunity (A) -Minor! ty Employment...... 1/26 (A) -Earnings. Promotions. etc ...... •.....•. 1/26 C.2.2 School Desegregation (A) -Students Attending Predominantly Minority Schools ...... •...... •...... (A) -Public/Private Enrollment and Cont ro 1 ...... •.•.•...•...... •.. Part 3-Government Operation C.3.1 Federal Employment ( M) - Employees...... • ...... • ...... 1/26 ( M) - Payro 1 1 ...... •.... , . • . . • ...... 1 /26 C.3.2 State and Local Employment (M) ·Employees ..•...... •..•...... •.•....•• (M) ·Payroll •..•...... •...... •••..••. Table of Contents-Continued SECTION D-Environment, Science, Culture Part 1-Envlronment D. 1 . 1 AI r Qua 1 i t y (A) -Amount of Pollutants Released Into the Atmosphere ...... (A) -Ambient Air Quality, Nationwide, Major Cities ...... (0) -Perceived Quality ...... •.. D.1.2 Water Qual 1ty (A) -Miles of Streams Meeting EPA Standards ...... ( A) - 0 i 1 Sp i 1 1s , F i sh K1 1 1s ...... •.....•. , •..•. (0) -Eutroph1cation of Lakes ...... •. 0.1.3(0) Hazardous Substances (A) ·Amounts Produced . . , . , ....•..•• , , ••.•• , , •• , .••• (A) -concentration 1n Biosphere ...•••••..••••••.••• 0.1.4 Ecological Balances (A) -Endangered Species (Plant and Animal) ...... (0) -Critical Areas (Coastal zones) ...... • (A) -Land/People Density ...... •.•...•. Part 2-Sc1ence D.2.1 Professionals 1n Basic Research (A) - By Spec I a 11 t y ...... •.•. (A) -Person Years of Scientists. Engineers Engaged 1n R&D ...... • D.2.2 Expenditures for Research and Development (A) -Private Industry ...... •...• (A) - Government ...... •...... D.2.3 Science Achievement in Schools (OJ -secondary Schools ...... •....•.. ( O) - H1 gher Educa t 1on ...... •...•.. 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 1n Cultural Activities (A) -Voluntary Organizations ...... •.•..... (A) -Travel ...... •....•.. (A) -Hobbies, Sports, Music, etc ...... •.• 0.3.4 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 ...... E.0.2 (A) ·Metropolitan and Nonmetropolltan Population •.. E.0.3 (0) ·Shareownersh1p of Public Corporations ...... •.. 1/19 E.0.4 (0) ·Driver Licenses .....••...•...... •.....•.•..••. 1/19 WEEKLY BRIEFING NOTES ON U.S. DOMESTIC DEVELOPMENTS Prepared for the President and the Vice President
FEBRUARY 16, 1976
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 February 16, 1976 SOURCES OF DATA
Average Workweek U.S. Department of Labor, Bureau of Labor Statistics, "Employment and Earnings Statistics for the United States"
Hourly Earnings of Production Workers U.S. Department of Labor, Bureau of. Labor Statistics, "Employment and Earnings Statistics for the United States"
Retail Sales U.S. Department of Commerce, Bureau of the Census, "Monthly Retail Trade Report"
Wholesale Trade U.S. Department of Commerce, Bureau of the Census, "Monthly Wholesale Trade Report"
Manufacturing and Trade Inventories and Sales· U.S. Department of Commerce, Bureau of Economic Analysis, "Survey of Current Busi ness"
Wholesale Price Index U.S. Department of Labor, Bureau of Labor Statistics, ''Wholesale Price Index" . Housing Construction U.S. Department of Commerce, Bureau of the Census, "Construction Reports," Series C National Association of Realtors, "Existing Home Sales"
Consumer Credit Board of Governors of the Federal Reserve System, Statistical Release G.19, "Consumer Credit''
Social Welfare Expenditures U.S. Department of Health, Education, and Welfare, Social Security Administration, "Social Security Bulletin" Volume 39, No. 1, January 1976
., Week of February 16, 1976 TABLE OF CONTENTS >- .....I >- ac:: >- .....I LLJ .....I .....I :J: ..... < ac:: SERIES ::.:: ..... ac:: :::> LLJ LLJ z: < z: :J: LLJ C> :::> z: ..... ~ :!E CY < 0 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 Pr.oductivity 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 A.5.4 ForeiQl'l 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 r Week of February 16, 1976
TABLE OF CONTENTS-Continued
>-__, >-__, 0:: __, >- LLJ __, ::I: I- Part 1-Population B. 1. 1 Population Estimates - Total Population ...... •...... •...... •...... x - 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 February 16, _1976 TABLE OF CONTENTS-Continued >- -' >- 0::: >- ...... u.J -' .....J .._::c .._ c::c 0::: SERIES x: 0:: ::::::> u.J u.J z c::c z ::c u.J 0 ::::::> z .._ 3: :e O' c::c 0 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 Morbidity - Communicable piseases ...... ••..••...... ••.•..••.•.....•. x - Acute Illness ....•••...... •••..•...... •...... ••...• x B.3.3 Disability - Days of Disability by Type .....•...•...... ••....•..•... x -. Institutionalized Population ....•...•...... •...... •... x - Disability by Degree of Limitation and Cause ...... •.•...•.•. x - Short-Term Disability ...... ••••...... •••...•••. x B.3.4 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 February 16, 1976 TABLE OF CONTENTS-Continued 0::: SERIES L.l.J :::c ol SECTION B-General Social Indicators (Continued) 8.3.5 Health Care Delivery - Physician and Dental Visits ....•.•...... •.••...... •.•••. x - Costs and Expenditures ...... •.•...... •...... ••. x - Facilities ..•...... •...... •...•...... •.. x - Personnel .•...... ••...... ••.••.•....•.. x - Attitudes Towards Health Care ...... •..•...... •.. x Part 4-Education 8.4.1 Educational Achievement by Sex, Race, Socioeconomic Status, Region - Math, Science, Reading, Writing ....•.•...... ••...... •. x - Music, Art, Literature, Citizenship ...... •...... •...• x 8.4.2 Attainment - High School Graduation Rate ...... "...... •...... : - The High School-Educated Population by Race and Sex ...... •.. -College-Educated Population by f'.tace and Sex ....•.•...... : 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 BA.4 Educational Facilities and Personnel :- Schools, Classrooms ...... •...... •...... x - Teachers, Administrative,Others .•...... •...... •..... x 8.4.5 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-ti me, 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 February 16, 1976 TABLE OF CONTENTS-Continued ::..· >-__. .:i.. >-__. 0::: __. __.>- UJ .'"~! :x:: I- I- < 0::: SERIES ::.c:: 0::: => LU UJ z: z: UJ < :c C> => z: I- 3: ::E; O' < 0 SECTION 8-General Social Indicators (Continued) 8.5.3 Working Conditions - Regular and Overtime Hours, Selected Characteristics ...... x - Work: Injuries by Occupation ...... •..... x "'- Transportation to Work-Time; Distance, and Mode ...... 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-lncome, Consumption, and Wealth, B.6.1 Income Levels - Median Family Income ...... •.....•.••..... x - Composition of Family Income ...... x - Per Capita ~ ncome ...... •...... •..... x · B.6.2 Distribution of Income - Age, Race; an.d 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-Housi11g 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 Weak of February 16, 1976 TABLE OF CONTENTS-Continued - SERIES SECTION B-Socioeconomic Series (Continued) B. 7 .2 Home Tenure - Single Family Dwellings ...... -.• x - Mo bi le Ho mes ...... •... x - Condominiums and Other Multiunit 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 Pol ice - Violent ...... "' . x x - Property ...... •...... •...... x x B.9.2 Yictims of Crime, Selected Characteristics - Violent ...... : ...... x - Property ...... •...... · · x 8.9.3 Fear of Crime, Selected Characteristics x 8.9.4 Police Activity - Persons Arrested by Charge ...... •...... x - Offenses Cleared ...... ,· ... . x 8.9.5 Judicial Activity ., - Persons Sentenced for Federal Crimes ...... •..... x 8.9.6 Prisoners, Adults and Juveniles - Prisoners by Sentence ...... •...... •...... x - Average Length of Sentence ...... " ...... x - Persons Executed and Sentenced to Death ·...... ·...... •.... x - Average Prison Population . '...... x 8_.9.7 Expenditures for Administration of Criminal Justice ...... x Week of February 16, 1976 TABLE OF CONTENTS-Continued >- >- -' -' :I: ::ii:: .,.._ a::: SERIES I.I.I I.I.I z: :I: I.I.I 0 ._ 3: ::E 0 SECTION C-Government Activity Part 1-Social Welfare and Security C.1.1 Social Security (OASDHI) - Current Beneficiaries ...... •••...... •.• x - New Benet iciaries ...... ••••...... •. x - Average PayrT"tent ...... •••...... ••..•. ... 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 - Benet its ...... x C. 1 .7 Food Stamps - Recipients ...... x - Benet its ...... •.... x C.1.8 Aid to Disaster Victims - Recipients .....•.....•...... •..•...... ••• ... . x · - Benet its ...... •...... 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 February 16, 1976 · TABLE OF CONTENTS-Continued >- _,> _, :r: 0::: SERIES ::.:::: t UJ UJ z: ::r: LU 0 l s: :iE o 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 SpeciQ's (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 February 16, 1976 TABLE OF CONTENTS-Continued >- >- ....a:: >- .... LU .... __, :c D.2.4 Public Attitudes Towards Science and Technology x Part 3-Culture D.3.1 Persons Employed in Artistic Professions - By Type ...... •...... x 0.3.2 Children's Skill and Appreciation of Literature Arts, Music ...... x 0.3.3 ·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.3.1 - Average Workweek THIS CHANGE CHANGE PERI CJD LAST PER. YEAR AGCJ i2.8 -0.5% 0.7% ~ANUFACTURING -- 40.4 0.2% 3.1% TRRNSPCJRTRTICJNf..PUBLIC UTILITIES 40.2 L3% 0. 8% AVE ~E PRIVATE NONAGRICULTURAL 36.6 0.5% 1.1% AVERAGE \/EEKLY HOURS \/EEKLY HCJURS iS iS i3 I , 12 il iO iO 39 39 38 38 37 37 36 36 35 35 31 Ji 1971 1972 1973 197-t 1975 1976 SOURCE: BUREAU CJF LABOR STATISTICS 16 FEBRUARY 1976 ' I A.3.1 - Average Overtime Hours in Manufacturing THIS CHANGE CHANGE PERIOD LAST PER . YEAR AGO v FRCTCJRY OVERTIME 3.0 0.0% 25.0% HOURS HCIURS 1.0 1.0 3.5 J.5 J.O J.O 2. 5 2.5 2. 0 2.0 1971 1972 1973 1971 1975 1976 SOURCE: BUREAU OF LABOR STATISTICS 16 FEBRUARY 1976 • The Average Workweek for a 11 Production or N:>nsupervi sory Workers on Private Nonfarm Payrolls continued to climb in January, as all component industries rose except Mining . • Up 0.2 hour to 36.6 hours, the highest level since August 1974. • The largest increase, a 0. 5 hour gain, was recorded in Transporta tion and Public Utilities. •The Manufacturing workweek edged up to 40.4 hours; 1.6 hours above its recession low, but 0.6 hours below the prerecession high recorded i'n February 1973. • Factory Overtime, which in :December had recorded its first increase since August, held steady in Janua ry at 3.0 hours. A.3.2 - Average Hourly Earnings of Production Workers · THIS CHANGE CHANGE PERIOD LAST PER. YEAR AGO CONTRACT CONSTRUCTION $7.51 1.3% 6.8% TRANSP~RTATl~Nf.PUBLlC. UTIL'l TIES $6.23. 0.6% 1.0. 1.% PRIVATE NONAGRICULTURAL --- $'\.73 1.1% 7.3% FINANCE,REAL ESTRTE,&INSURANCE $-1 . 27 1. 2% 7.6% DOLLARS DOLLARS 6. 00 8.00 7. 50 7.50 7. 00 7.00 6. 50 6.50 6. 00 1 6.00 i 5. 50 5.50 5. 00 5.00 1. 50 i . 50 1. 00 1. 00 ' 3. 50 ! 3. 50 3. 00 3. 00 2.50 2. 50 1971 1972 1973 1971 1975 1976 SOURCE : BUREAU OF LABOR STATISTICS 16 FEBRUARY 1976 •Average Hourly Earnings of Production or Nonsupervisory Workers posted its second strong gain in 3 months, up 5 cents in January. •All component industries ~ontributed to the increase. • Contract Construction led the increase, rising 10 cents. 0 Transportation and Public Utilities, which rose 4 cents in January, showed the largest over-the-year increase, up 57 cents. • Finance, Real Estate, and Insurance posted a 5-cent gain to $4.27 per hour, reversing December's drop. A.4.6 - Monthly Retail Sales J anuary Advance THIS CHANGE CHANGE PERIOD LAST PER. YEAR AGl'J RETAIL SALES, TDTAL $51.53 -0.3% 12.0% TOTAL, EXCLUDING AUTOMOTIVE $42.11 0.6% 10. 1% NDNDUARBLE GDDDS $34.86 -0.1% 9. "\% BILLI l'JNS DURABLE GDDDS - - - $16.67 -0.9% 18.0% BILLIONS OF DOLLARS OF DOLLARS 55 55 50 150 I i5 -t5 iO iO 35 35 30 130 25 25 ·20 15 15 10 10 5 1971 1972 1973 197i 1975 1976 SOURCE: BUREAU OF THE CENSUS 16 FEBRUARY 1976 A.4.6 - Monthly Retail Sales Selected Components THIS CHANGE CHANGE PERIDD LAST PER. YEAR AGO RUTOM"TIVE DEALERS $9. i2 -i.2% 21 . 6% DEPARTMENT STORES $5.13 -5.3% 14.1% BLOG. M'TLS, HAROVARE, ~ $3.12 i.8% 8.1% BILLIONS FARM EQUIPMENT DEALERS BILLIONS CJF DOLLARS OF DOLLARS 10.0 10.0 8.5 .8.5 7. 0 1.0 5. 5 s.s ... o ... o 2.5 2.5 ' 1.0 I 1.0 1971 1972 1973 197'1 1975 1976 SOURCE: BUREAU OF THE CENSUS 16 FEBRUARY 1976 •Advance data for January indicate that Retail Sales dipped 0.3 percent following a strong 2.7 percent increase in December . •Halted a 3-month expansion total ing 4.3 percent. •Sales of Durable Goods dropped 0.9 percenti heavily influenced by a 4.2 percent decline reported by Automotive Dealers. •Partially offsetting was a 4.8 percent rise in Sales of Building Materials, Hardware, and Farm Equipment . •Nondurable Goods remained virtually unchanged in January, dipping 0.1 percent. · •Department Store Sales decreased 5.3 percent after posting a 2-month i ncrease of 7.7 percent. A.4.6 - Retail Sales for Selected Metropolitan Areas December Preliminary ~ December 19?1 Billions ~ December 197~ Of Dollars 3 San Francisco Detroit. Philadelphia. Los Angeles- New York.?tY. Qakland, Mich. Pa. Lon1 Beach, Nassau-Suffolk. Calif. C&llf. N.Y. Source: Bureau Of The Census J6 February 1976 A.4.6 - ~ Retail Sales of Chain Stores Eleven or More Stores THIS CHANGE CHANGE PERIOD LAST PER. YEAR AGCJ CHAIN STORES, TOTAL $15.92 0.7% 12.3% GENERAL MERCHANDISE, TOTAL $6.68 1. 3% 16.9% BILLICJNS GRCJCERY STCJRES $5. 841 -0.8% 7. 3% BILLIONS CJF DCJLLARS CJF DCJLLARS 17 17 11 11 e B 5 5 2 2 1971 1972 1973 1974' 1975 SOURCE : BUREAU CJF THE CENSUS 16 FEBRUARY 1976 • Preliminary December data i ndicate: •Among t he selected met ropolitan areas, Retail Sales in the San Fran cisco-Oakland area rose 20.8 percent over December 1974 . • Philadelphia and Detroit followed closely with 17 .9 and 15 .2 percent hikes , respecti vely. •New York gained only 5 percent. •Retail SalesofChain Stores advanced 0.7 percent in December recording its second consecutive monthly i ncrease. •General Merchandise Stores rose 1.3 percent outweighing a 0.8 percent decrease in Grocery Store Sales. A.4.7 - Sales of Merchant Wholesalers THIS CHANGE CHANGE PER IOD LAST PER. YEAR AGO TCJTAL SALES $37.11 0.3% -1.0% NONDURABLE GOCJDS $21 . 12 -0.6% 0.1% BILLIONS DURABLE GCJCJOS $15. 99 1. 4% -2.5% BILLICINS Of DOLLARS CIF DOLLARS 40 40 35 35 30 30 25 25 20 20 15 15 10 10 5 5 0 0 1971 1972 1973 1974 1975 SCJURCEs BUREAU CJF THE CENSUS 16 FEBRUARY 1976 A.4.7 - Sales of Merchant Wholesalers Selected Components THI S CHANGE CHANGE PERIOD LAST PER. YEAR AGO GR~CERIES & RELATED PR~DUCTS $7.21 -3.7% 3.3% MCJTCJR VEHICLES & AUTCJ EQUIP. $3.10 'f.5% 17.6% ELECTRICAL GCJCJDS $2. 25 12. 1% 6.4% BILLICJNS FRRM-PRCJDUCT RAV M'TLS- -- $3.45 -'f.7% -22.2% BILLI CJNS CJf DCJLLARS CJF DOLLARS 8 7 7 6 6 5 5 I .,..., " ...... " 3 3 2 2 1 1 1971 1972 1973 197'f 1975 SCJURCE: BUREAU CJF THE CENSUS 16 FEBRUARY 1976 Preliminary data indicate that: • December Sales of Merchant Wholesalers were $37 . 11 billion, 0.3 percent above November ' s level of $37. 02 billion. • Followed a 2-month decline of 1.6 percent. • Sales of Nondurable Goods have declined i n 3 of the past 4 months . • Down 0.6 percent in December after a 2.3 percent fall in November . • Groceries and Related Products continued to steadily decline, decreasing a total of 7.5 percent since August. • Farm Product Raw Materials fell 4.7 percent to $3.45 billion, 11.4 percent above the 1975 low of $3 . 20 billion recorded in May . • On the other hand, Durab 1e Goods rose 1. 4 percent in December to $15. 99 billion, nearly equaling the 1975 high recorded in February. • Motor Vehicles increased 4.5 percent to a 1975 high of $3.10 billion. • Electrical Goods rose a sharp 12.1 percent, also reflecting a 1975 high at $2.25 billion. A.4.7 - Inventories of Merchant W holesalers THIS CHANGE CHANGE PERICJO LAST PER. YEAR AGCJ TOTAL INVENTORIES $45.67 0.3% -1.9% DURABLE GCJODS $27.85 1.2% 0.3% BILLICJNS NONDURABLE GOODS $17. 82 -1.1% -5. 1% BILLICJNS CJF OCJLLARS CJF OCJLLARS 50 50 45 40 35 30 30 25 25 20 20 15 15 10 10 5 5 0 0 19 71 1972 1973 1974 1975 SOURCE: BUREAU CJF THE CENSUS 16 FEBRUARY 1976 A.4.7 - Inventories 01 1vlerchant Wholesalers Selected Components THIS CHANGE CHANGE PERIOD LAST PER. YEAR AGCJ MCJTOR VEHICLES ~ AUTCJ EQUIP. $5.38 4. 6% -6.7% FARM PRODUCT RA~ M'TLS $2. 44 -11. 8% -22. 1% BILLICJNS FURNITURE ~ HOME FURNISHINGS S0.90 4.1% -4.1% BILLICJNS CJF DCJLLARS Clf DCJLLARS 7 7 6 6 5 5 3 2 1 1 0 0 1971 1972 1973 197i 1975 SOURCE: BUREAU OF THE CENSUS 16 FEBRUARY 1976 •Inventories of Merchant Wholesalers have remained virtually unchanged over the past 5 months, edging up 0.3 percent in December. •Durable Goods rose 1.2 percent to $27.85 billion, but remain 1.9 percent below the record high of $29.39 billion registered in January . • Motor Vehicles and Auto Equipment increased 4.6 percent from November's low. • Furniture and Home Furnishings has increased in 4 of the past 5 months, up 4.1 percent in January. •Nondurable Goods Inventories declined for the fourth consecutive month; a total decrease of 2.4 percent. • Farm Products Raw Materials decreased 11.8 percent in December and has fallen 29.5 percent since September. A.4.8 - Manufacturing and Trade Sales /) (.,, THIS CHANGE CHANGE PERIOD LAST PER. YEAR RGCJ TOTAL SALES $175. 7 1.0% B.2% NDNDURABLE SALES $99. 7 -0.2% 8. 9% BILLIDNS DURABLE SALES $76.0 2.6% 7.8% BILLICJNS OF DOLLARS OF OCJLLARS 180 i 180 I 160 . 160 110 I 110 120 120 . 100 100 1971 1972 1973 1971 1975 SCJURCE: BUREAU OF ECCJNOMIC ANALYSIS 16 FEBRUARY 1976 A.4.8 - Manufacturing and Trade Sales by Industry Group THIS CHANGE CHANGE PERll'JO LAST PER . YEAR AGl'J MANUFACTURING SALES $86. 9 0.3% 9.0% RETAIL SALES $51.7 2.8% 11.6% BILLll'JNS \JH~LESALE SALES $37.1 0.3% -1 .0% Blll1"NS Of Ol'JLLARS l'JF Ol'JLLARS 90 90 80 80 70 70 60 60 50 50 iO iO 30 30 20 20 1971 1972 1973 l97i 1975 Sl'JURCE: BUREAU l'JF ECl'JNl'JMIC ANALYSIS 16 FEBRUARY 1976 • After declining in November, combined Manufacturing and Trade Sales increased $1.7 billion, or 1.0 percent, in December. •Sales were $175.7 billion, topping the previous high set in October of $175.3 billion. oThe rise in Total Sales reflected a $1.9 billion gain in Sales of Durable Goods. •Up 2.6 percent in December to the highest level since October 1974. •More than offset the $206 million decline in Nondurable Sales. •By Industry Group, Retail Sales posted the largest gain , up $1.4 bi 11 ion. • ~anufa~turinq Sales rose $236 million after declioinq $1.03 billion in November; and Wholesale Sales rose $94 million after posting a $431 million decline in November. A.4.8 - Manufacturing and Trade Inventories THIS CHANGE CHANGE PERIDD LAST PER. YEAR AGC1 T~TAL INVENT"RIES $265.5 -0.2% -2. 0% DURABLE INVENTORIES $157.2 0.0% -2.0% BILLIONS N"NOURRBLE INVENT~RIES $108.4 - 0.5% -2.1% BILLIONS Of DOLLARS OF DDLLARS 300 300 275 275 250 250 225 225 200 200 175 175 150 150 125 125 100 100 75 75 50 50 19 71 1972 1973 197-i 19 75 SOURCE: BUREAU Df ECDNDMIC ANALYSIS 16 FEBRUARY 1976 A.4.8 - Manufacturing and Trade Inventory-to-Sales Ratio THI S CHANGE CHANGE (' PERI DD LAST PER. YEAR AGD - DURABLE GOODS 2.07 -2.i% -9.2% TDTAL 1. 51 -1 . 3% -9. 6% N~NDURABLE G~~DS 1.09 0.0% -9.9% RATID RAT I CJ 2. 6 2. i 2.i 2.2 2.2 2. 0 2.0 1.8 1.8 1.6 1.6 1.i 1. '4 1. 2 1. 0 1.0 1971 1972 19 73 19 7i 1975 SDURCE: BUREAU DF ECDNCJMIC ANALYS IS 16 FEBRUARY 1976 •Total Business Inventories posted its second consecutive decline in December, down $526 million. • Durable Inventories were virtually unchanged , down $36 million. • Nondurable Inventories declined for t he second month in a row, down $490 million. • For 1975, To tal Inventories declined $5.5 billion compared to a $46 .6 bi l lion i ncrease in 1974. •In December , the Combined Business Stock-to-Sales Ratio declined 1.3 percent. • Total Bus i ness Inventories equaled 1. 51 months' sales , down from 1.53 mon ths in Novembe r and the lowest level since the 1.48 month s recorded i n August 1974 . • The Durable Stock-to-Sales Rqtio dropped to 2.07, t~e lowest l evel since October 1974; t he No11durable Ratio remained unchanged at I. 09 . A.4.8 - Manufacturing and Trade Inventories by Industry Group THIS CHANGE CHANGE PERHJO LAST PER. YEAR AGO MANUFACTURING INVENT~RIES $146. 8 0. 1% -2. 4% '-._/ RETAIL INVENTORIES $73.1 -1.0% -1.1% BILLIONS VH~LESALE INVENT~RIES $45.7 0.3% -1. 9% BILLIONS OF DOLLARS OF DOLLARS 160 160 I 140 140 120 I 120 100 100 80 80 60 60 40 40 20 20 1971 1972 1973 1974 1975 SOURCE: BUREAU OF ECONOMIC ANALYSIS 16 FEBRUARY 1976 I A.4.8 - Inventory-to-Sales Ratio by Industry Group THIS CHANGE CHANGE PERIOD LAST PER. YEAR RG~ ::ig MANUFACTURING 1. 69 0.0% -10. 6% RETAIL TRADE v 1. 11 -1.1% -11. 0% \IH~LESALE TRADE 1.23 0.0% -0. 8% RATI~ RATIO 2.0 2.0 1. 9 l.9 1.8 1. 8 1.7 1.7 1.6 1.6 1.5 l. 5 1.1 1. 1 1.3 1.3 1. 2 1. l l. l 1.0 1. 0 1971 1972 1973 1971 1975 S~UACE: BUREAU ~F EC~N~MlC ANALYSIS 16 FEBRUARY 1976 • The overall decline in Total Business Inventories reflected a $758 million drop in Retail Inventories. ~ Retail Inventories have declined a total of $1.6 billion since October. •Outweighed modest gains in Manufacturers ' Inventories (up $115 million) and Merchant Wholesalers ' Inventories (up $117 mil lion). • The Retail Stock-to-Sales Ratio dropped to 1.41, the lowest level since March 1973 . The Stock-to-Sales Ratios for Manufacturing and Wholesale Trade remained unchanged in December after posting increases the previous month. A.6.2 - Wholesale Price Index (1 967=1 00) THIS CHANGE CHANGE PERIDO LAST PER. YEAR AGD FARM PRODUCTS 190.9 - 2. 8% 7. 3% PROCESSED FOODS ANO FEEDS 178.3 -1.5% -3.8% ALL C~MM~DITIES 179.6 0.0% 4.4% INDUSTRIAL COMMODITIES - -- 177. 9 O.i% 5.8% INDEX INDEX 220 220 210 210 200 200 190 190 180 180 170 170 160 160 150 150 I I HO I liO I I 130 I 130 /_,. // // / 120 120 110 110 100 100 1971 1972 1973 197-t 1975 1976 SOURCE: BUREAU DF LABOR STATISTICS 16 FEBRUARY 1976 •The Wholesale Price Index for All Conmodities was unchanged in January at 179.6. •Since October, the index has shown little movement and has actually declined at an adjusted annua l rate of 1.7 percent. •Lower prices for Farm: Products and Processed Foods and Feeds offset increases in Industrial Comnodities . •Fann prices dropped more sharply in January, down 2.8 percent compared to a 0.8 percent decrease in December . •The decline in Processed Foods and Feeds was smaller- than in December. •Down 1.5 percent compared to 2.9 percent in December . •The rise in Industrial Conrnodities slowed to 0.4 percent in January, the smallest increase in 6 months . •Up 5.8 percent from a year ago . A.6.2 - Wholesale Price Index Selected Farm Products THIS CHANGE CHANGE PERIOD LAST PER. YEAR AGO FRESH AND DRIED VEGETABLES 207.8 -7.6% 16.1% LIVESTOCK 190. 8 -5.4% 18.4% INDEX INDEX 260 260 240 240 220 220 200 200 180 180 160 160 HO HO 120 120 100 100 1971 1972 1973 197i 1975 1976 Selected Farm Products THIS CHANGE CHANGE PERIOD LAST PER. YEAR AGO EGGS 161. 3 -3.4% 7.8% LIVE POULTRY 17-t.8 -15.i% -2.6% INDEX INDEX 280 280 210 240 200 200 160 160 120 eo eo 1971 1972 1973 1974 1975 1976 SOURCE: BUREAU OF LABOR STATISTICS , ~ FFAR IARY cp~ A.6.2 - Wholesale Price Index Selected Processed Foods and Feeds THIS CHANGE CHANGE PERIDO LAST PER. YEAR RGD SUGAR ANO C~NFECTl~NERY 206. 5 2. 5% - 43. 4% MEATS,POULTRY ANO FISH 192.2 -6.0% 16.6% MANUFACTURED ANIMAL FEEDS 168.3 2.2% - 1.8% INDEX INDEX 150 i50 iOO 350 350 300 300 250 250 200 200 150 150 100 100 50 50 1971 1972 1973 197-t 1976 1976 SOURCE: BUREAU Of LABOR STAT ISTICS 16 FEBRUARY 1976 • Contributing to t he decline i n Farm Products were : • Vegetables, which declined 7.6 percent af ter ri si ng 15.0 percent in December; • Livestock, which posted its sharpest dec li ne in 4 months , down 5. 4- percent; • Eggs , which have decl i ned 5.8 percent since November ; and • Live Poultry, declini ng for the second month i n a row, down 15 .4 percent. •Among Processed Foods and Feeds : • The Meats, Poultry, and Fish Index declined for t he third consecutive month . Pr ices fel l for beef, veal , pork , and processed pou l try. • Offsetting the decline in Meats were rises for Sugar and Confec tionery and Manufactured Animal Feeds . A.6.2 - Wholesale Price Index Selected Industrial Commodities THIS CHANGE CHANGE PERICJD LAST PER. YEAR AGCJ NONMETALLIC MINERALS 181.5 1.5% 7.5% LUMBER AND UCJCJD 195.4 3.8% 15. 7% FUELS ANO PCJVER 259. 9 -0.7% 10.8% PULP ANO PAPER --- 175.5 0.7% 2.9% INDEX INDEX 280 280 260 260 2-tO 220 220 200 180 180 160 ! 160 I I ..I / HO I HO I ,,I I 120 1120 100 100 1971 1972 1973 1974 1975 1976 SCJURCE: BUREAU CJF LABCJR STATISTICS 16 FEBRUARY 1976 •Contributing to the January rise in Industrial Comodities were : •Nonmetallic Minerals continued its uninterrupted climb. •Up 1.5 percent, the largest increase since January 1975. • Lumber and Wood rose for the second month in a row for a tota 1 gain of 6.4 percent since November . •January's Index of 195.4 eclipsed the previous high of 193.7 recorded in May 1974. •Pulp and Paper rose for the fifth consecutive month to a new high of 175.5. •January's gain was less than the 1.6 percent recorded in December. •Partially offsetting was the 0.7·percent decline in Fuels and Power, which halted a 10-month rise totaling 13.2 percent. A.7.1 :.. New Housing Units Completed Seasonally Adjusted at Annual Rates THIS CHANGE CHANGE PERIOD LAST PEA . YEAR AGD TlHAL STRUCTURES 1, 291 - 10. 7% -19. 6% ONE UNIT STRUCTURES 982 -3.3% 15.3% UNITS IN MULTIUNIT 309 -28.0% -59.0% THOUSANDS STRUCTURES THOOSANDS OF UNITS eF UNITS 2250 2250 2000 2000 1750 1750 1500 1500 ' 1250 I 1250 1000 1000 750 750 500 1500 250 1250 0 0 1971 1972 1973 19 74\ 1975 SOURCE: BUREAU OF THE CENSUS 16 FEBRUARY 1976 A.7.1 - New Housing Units Under Construction Not Seasonally Adjusted THIS CHANGE CHANGE PER IOD LAST PER. YEAR AGO TCJTAL STRUCTURES 1,023 - 3. 6% -14. 0% UNITS IN MULTIUNIT 488 -1. 3% -27.4% STRUCTURES THCIUSANDS ONE-UNIT STRUCTURES 128 -1.3% -30.6% THOUSANDS OF UNITS OF UNITS 1800 1500 1500 1200 . 1200 900 600 300 1971 1972 1973 197i 1975 SCIURCE: BUREAU OF THE CENSUS 16 FEBRUARY 1976 •In December, 1,291,000 privately-owned housing units were completed > 10.7 percent below the revised November rate of 1,445,000. •Completions of One-Unit Structures declined 3.3 percent to 982,000. •Completions of Units in Multi unit Structures dropped 28.0 percent to a new low of 309 ,000 units, erasing gains posted in the previous 2 months . Units in Multiunit Structures include structures with t wo to four units and fi ve un i ts or more. • For the year, an estimat ed 1,292,000 units were completed, 24.0 percent below the 1,691 ,700 units completed i n 1974 . •One- Fami ly Structures accounted for 66 .9 percent of total completions in 1975, compared with 55.1 percent i n 1974 . • Housing Units Under Construction dropped for the second consecutive month . • Both One-Unit and Multi unit Structures contributed to the overa 11 decline. A.7.1 - Sales of New One-Family Homes THIS CHANGE CHANGE PERIOD LAST PER. YEAR AGO HOMES SOLD CANNUAL RATES) 645 - 2.9% 68.8% HOMES FOR SALE 379 0.0% -5.3% THOUSANDS CENO OF MONTH l THOUSANDS OF UNITS OF UNI TS 900 900 800 800 700 700 . 600 600 500 500 4\00 300 300 200 200 1971 1972 1973 19 74 1975 SOURCE: BUREAU OF THE CENSUS 16 FEBRUARY 1976 A.7.1 - Prices of New One-Family Homes (Not Seasonally Adjusted) THIS CHANGE CHANGE PERIOD LAST PEA . YEAR AGO THOUSANDS MEDIAN SALES PRICE $42.4 3.2% 13.4% THOUSANDS OF DOLLARS OF DOLLARS i5 15 10 10 35 35 30 30 25 25 20 20 1971 1972 1973 19 71 1975 SOURCE: BUREAU OF THE CENSUS 16 FEBRUARY 1976 0 The number of Homes Sold dropped 2.9 percent in December aft er r isinq 11.4 percent in November to the highest level si nce June 1973. • Up 68.8 percent from last December's jepressed rate of 382,000 homes, which was the lowes t l evel since 1970 . • For 1975·• an estimated 545,400 homes were sold , 9. 0 percent above the 501,000 homes sold in 1974 . 'The number of Homes for Sale was unchanged from November's figure of 37·9,000 . •This amounts to a 7 months ' supply of homes at the December rate of sales. •The number of Homes for Sale has remained practical ly unchanged over the last 9 months . • The Median Sal es Price topped the previous high for the fourt h month in a row . • Reached $42,400 in December. A.7.1 - Existing Single-Family Home Sales Volume lnde'x --- Seasonally Adjusted (1972=100) THIS CHANGE CHANGE PERIOD LAST PER. YEAR AGO UNITED STATES, TOTAL 131 5. 7% 39.4% INDEX INDEX 135 135 130 130 125 125 120 ' 120 115 I I 115 J 110 110 105 J 105 100 100 95 95 I 90 90 85 85 80 80 19 71 1972 1973 1974 1975 SOURCE: NATIONAL ASSOCIATION OF REALTORS 16 FEBRUARY 1976 •The Existing Single-Family HoJhe market concluded 1975 on a strong note, increasing 5.7 percent in December to 131; another record high . •During the course of 1975, Existing Single-Family Home Sales recovered extremely well from their de~ressed levels of 1974. •Starting from a January 1975 low of 87, the Index began a steady climb to its present level, up 50.6 percent. •Increased in 11 of the past 12 months. A.7.1 - Existing Single-Family Homes !::>ales Volume Index Seasonally Adjusted (1972=100) THIS CHANGE CHANGE u PER IOD LAST PER. YEAR AGO ~ $ N"RTHEAST 133 17.7% 27. 9% INDEX INDEX HO 110 115 115 90 90 65 65 1971 1972 1973 1971 1975 N"RTH CENTRAL 132 1.8% 11. 9% INDEX INDEX 110 110 115 115 90 90 65 65 1971 1972 1973 1971 1975 SC!UTH 132 0. 8% 37. 5% INDEX INDEX HO 110 115 115 90 90 65 65 1971 1972 1973 1971 19 75 VEST 125 7.8% iB.8% INDEX INDEX 110 110 115 115 90 65 65 1971 1972 1973 1971 1975 SOURCE: NATIONAL ASSOCIATION OF REALTORS ' ,. s:-s:-qnr1r mv o ·u ' •The overall expansion in the Existing Single-Family Homes Index continued to be broadly based as new .·highs were recorded in each of the four regions in the Nation. •After declining 8.1 percent in November, the Northeast region rose 17.7 percent to 133--the largest percentage increase and highest level among the regions. •The North Central region increased for the second straight month, a total of 9.1 percent. •The Sales Index in the South slowed, edging up 0.8 percent in December. •The Index for the West has risen in 5 of the past 6 months, gain ing 7.8 percent in December. A.7 .1 - Sales of Existing Single-Family Homes Median December Sales Price December 1973 December 1Wl- December 197~ United states !+"-+~~~~+~«->--~~~~~~~~~~~ Norlh eaM ~~Ac:V-~~,~~~~~w..c>rtA~~~~~~~¥A,.~~~?.ot North Qmtral South 32·100 ~~~~h.._,~~h-l<~~~~,~~~.r<+~~~ ...... ,...... ,, ~ ~--... $34-·730 West $40090 o ~ w ~ m m ~ Thousands or Dollars Source: National Assoclatlon of Realtors 16 February 1976 . 0 •In December, the median sales price of an Existing Single-Family Home reached $35,900; 9.4 percent higher than the $32,720 reported in 1974 and 21.4 percent higher than the December 1973 median price of $29,490. •Two regions ended the year with a median sales price above $40,000. •The median price in the Northeast was highest at $40,240, followed closely by $40,090 in the West . •A 14.5 percent increase for the West and 10.4 percent for the Northeast. ·The South and North Central remained low, reporting $34,730 and $31,020 respectively. A.10.3 - Net Change in :Consumer Installment Credit Total Installment Credit THIS CHANGE CHANGE PERICJD LAST PER. YEAR AGCJ BILLIONS TOTAL INSTALLMENT CREDIT $0.89i NIA NIA BILLIONS OF DCJLLARS OF OCJLLAAS 2.5 2.5 2.0 2. 0 1.5 1.5 1. 0 1.0 0.5 0. 5 o.o -0.5 -0.5 -1.0 -1.0 1971 1972 1973 197i 1975 By Holder of Credit THIS CHANGE CHANGE PERIOD LAST PER. YEAR AGO COMMERCIAL BANKS $0.310 NIA NIA BILLIONS CREDIT UNI~NS $0.471 N/R NIA BILLIONS CJF OCJLLARS OF OCJLLARS 2.5 2.5 2.0 2.0 1.5 1. 5 1.0 1.0 0.5 0.5 0.0 o.o -0.5 -0.5 -1.0 -l.O 1971 1972 1973 197-t 1975 5"URCE: OOARO OF GlWEROORS "F TtE FEDERAL RESERVE SYSTEM A.10.3 - Net Change in Consumer Credit By Credit Type THIS CHANGE CHANGE PERICJD LAST PER . YEAR GCJ AUTCJMCJBILE $0. 510 NIA NIA ALL lHHER- $0. •HO NIA NIA BILLICJNS M~BILE H~ME -$0.071 NIA NIA BILLICJNS CJF DCJLLARS CJF DCJLLARS 1.00 1.00 0.75 0. 75 0.50 0. 50 0.25 0.25 0. 00 I o.oo -0.25 -0. 25 -0.50 -0. 50 19 71 1972 1973 19 7i 1975 SCJURCE: BCJRRD CJF GCJVERNCJAS CJF THE FEDERAL RESERVE 'SYSTEM 16 FEBRUARY 1976 •The rise in Consumer Installment Credit accelerated in December , ex panding a seasonally adjusted $894 million. •Topped November's upward-revised $805 million increase for the biggest jump since August 1974 . • Credit Unions added $471 million to credit outstanding, a record gain. •Comm~rcial Banks continued to rebound from a slump in the first half of 1975, advancing $310 million in December. •Among major credit types, the $540 million gain in Automobile Credit was the biggest monthly advance since September 1973 . •Credit Outstanding for All Other purposes (residual category formerly including 11 0ther (than Automobile) Consumer Goods 11 and "Personal Loans") increased $440 million. •Mobile Home Credit at cofllTlercial banks and finance companies declined by $71 million, continuing the slide experienced in 12 of the past 13 months. A.10.3 - Consumer Installment Credit Extensions and Liquidations THIS CHANGE CHANGE PERl(X) LAST PER. YEAR AGO TOTAL INSTALLMENT CREDIT $15.30 2.8% 17.2% EXTENDED T~TAL INSTALLMENT CREDIT $14. 40 2. 3% 7. 2% BILLIONS LIQUIDATED BILLIONS OF DOLLARS CJF DOLLARS 16 16 15 15 11 11 13 13 12 12 11 11 10 10 9 9 19 71 1972 1973 1971 1975 S~URCE: BOARD OF GOVERNORS OF FEDERAL RESERVE SYSTEM 16 FEBRUARY 1976 A.10.3 - Consumer Installment Credit Selected Components of Extensions THIS CHRNGE CHANGE PERI CJD LAST PER. YEAR RGCJ All CJTHER $8.05 3.0% 10.7% BILLICJNS RUTrJMrJBILE $4.41 4. 4% 32. 7% BILLICJNS CJF DCJLLRRS CJF DCJLLARS 9 9 6 6 7 6 6 5 5 ., .. 3 3 2 19 71 1972 1973 197i 1975 SCJURCE: BORRO CJF GCJVERNCJRS CJF THE FEDERAL RESERVE SYSTEM 17 FEBRUARY 1976 •Total Installment Credit Extended rose 2.8 percent to a record high of $15.30 billion, surpassing the previous high established last month. • Major upward strength was provided by: 0 A new high of $4.41 bill 'on in Automobile Credit Extensions. • A 3.0 percent rebound to $8.05 billion in "All Other" Installment Credit Extended. • Liquidations of Installment Credit gained 2.3 percent to $14 . 40 bill ion as new highs were recorded in liquidations of automobile credit and bank revolving credit. NOTE: The former term "repayments" has been replaced by the more comprehensive term "liquidations, 11 although no change is re flected in the data . C.1 - Social Welfare Expenditures Under Public Programs: Selected Fiscal Years 1929 to 1975 Billions Constant ( 1975) Dollars Billions of Dollars of Dollars :m .-~~~~~~~~~~~~~~~~~~~~~-i11r-~c.i-r- :m $257.~264 .6 $238.0 100 $12.1 1929 1900 1955 1900 1000 1970 1972 1973 19?1- 1975• C.1 - Per Capita Social Welfare Expenditures Under Public Programs: Selected Fiscal Years ·1929 to 1975 Constant ( 1975) Dollars Dollars Dollars HOO 1319.4 HOO $1209.4'$1231.9 $1125.0 800 1929 1900 1955 1900 1000 1970 1972 1973 19?1- 1975• Source:· Social Security Administration • Preliminary estimate 16 February 1976 • Fiscal 1975 saw social welfare expenditures under public programs increase $21 billion, or 8 percent, in real terms (1975 dollars) over 1974. • The 20-percent increase in current dollars was the greatest annual increase since the inmediate post-World War II years when veterans benefits underwent great expansi on . . • Adjusting for population and price changes, the real increase i n per capita expenditures was 7.1 percent, compared with 1.9 percent the year before; and an average annual increase of 5.9 perce~t since 1950 . • Two major factors responsible for the increase in expenditures were the downturn in the economy, resulting in greatly expanded benefits to the unemployed and the needy; and the continuing high rateofinflation, triggering cost-of-living adjustments in cash benefit programs and a greatly swelled cost of furnishing medical and other social services. C.1 - Percent Distribution of Social Welfare Expenditures by Program: Selected Fiscal Years 1950 to 1975 Veterans' Proerams Health and Medical Programs Percent Percent 100 -y--~k'X'X'S2S<~~~~~~~~~~l{'S(S 80 70 70 30 30 w 10 1900 19."lO 1000 1~ 1970 Source: Social Security Administration 16 February 1976 •The enormous and growing preponderance of social insurance programs among social welfare expenditures is evident. •In 1950 expenditures for social insurance programs accounted for about one-fifth ($4.9 billion) of a $23.5 billion total; by 1975, more .. than two-fifths of a $286 .5 billion annual outlay. •The major impetus in the growth of social insurance has been the OASDHI Program. •In 1950 expenditures under this program, then consisting solely of cash benefits, accounted for about $1 out of every $6 expended under social insurance. By 1975 the ratio had become almost $4 out of $6. •In fact, OASDHI accounted for 27 percent of all social welfare expenditures in 1975 compared with 3 percent in 1950. •Public aid expenditures made up 11 percent of the total in 1950 and 14 percent in 1975. •The proportionoftotal social welfare expenditures that went for public aid declined steadily from 1950 through the early 1960's before the trend was reversed with the introduction of Medicaid, expansion of work and training and antipoverty programs, growth of the food stamp program, and, most recently, launching the SSI program. C.1 - Social Welfare Expenditures Under Public Programs as Percent of Gross National Product: Selected Fiscal Years 1929 to 1975 • 0 <~ U~) 20.1 1929 1900 1~ 1000 1~ 1970 1972 1973 19?! 1975• SJ>reliminary estimates Source: Social Security Administration 16 February 1976 •As a proportion of the Gross National Product, social welfare expendi tures equaled 20.1 percent in Fiscal 1975, up by more than 2 percentage points from 1974. •A contributing factor to the unusually large increase was the slower growth in GNP at a time when inflationary factors continued to affect social welfare spending . •With private spending included, the grand total for social welfare expenditures reached $389 billion in Fiscal 1975, or 27 percent of GNP. •The growth in total public social welfare expenditures has been paralleled by the increasing use of Federal sources to fund the !programs. •From 1950 to 1965 this proportion increased from 45 to 49 percent, and by 1975 it had reached 58 percent. •An important element in this increase has been the growing role of the Federal Government l in providing health services (includ ing Medicare, Medicaid, and other services). •Through 1965 the Federal Government was financing less than half the public bill for health. By 1975 the Federal share was more than two-thirds. C.1 - Social Welfare Expenditures From Public Funds: Selected Fiscal Years 1929 to 1975 Federal Programs as Percent of All Federal Expenditures Percent Percent oo -r-~~~~~~~~~~~~~~~~~~~~~~~~~--.- oo 80 80 52.5 54.9 1929 1900 1900 1960 1~ 1970 1972 1973 19?1- 1975• State and Local Programs as Percent of All State and Local Expenditures Percent Percent oo --~~~~~~~~~~~~~~~~~~~~~~~~~~ oo 1929 1900 1905 1960 1~ 1970 1972 1973 19?1- 1975• • Preliminary estimate ""' -- · ~: Social Security Admin iqt • · •The increase in Federal expenditures for social welfare is reflected also in the relationship between such expenditures and total Federal Government expenditures. •In 1950 social welfare spending accounted for 26 percent of all government spending at the Federal level. B~ 1965 this ratio had crept up to 33 percent, and reached 55 percent in 1975. •During the same period State and local spending for social welfare showed relatively little growth as a proportion of total spending at that level, fluctuating between 55 and 64 percent.