The original documents are located in Box 39, folder “Weekly Briefing Notes, 3/22/1976” 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 Gerald R. Ford donated to the United States of America his copyrights in all of his unpublished writings in National Archives collections.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
OFFICE OF THE VICE PRESIDENT
WASHINGTON
March 24, 1976
MEMORANDUM FOR MR. BAROODY
The Vice President has asked me
to send this week's copy of the Weekly
Briefing Notes.
()~ Dick Allison WEEKLY BRIEFING NOTES
TABLE OF CONTENTS
FOR CALENDER YEAR 1976
March 22, 1976
FREQUENCY LEGEND: W=Weekly: M=Monthly: Q=Quarterly; A=Annual: O=Other
SECTION A-General Economic Indicators DATE SERIES LAST AP PcARED IN BRIEFING NOTES
Part 1-National Income and Product
A. 1 . 1 (Q) Gross ~;ational Product ...... 1/26,2/23 A. 1 . 2 (MJ Personal Incom•' ...... 1/26.2/23 A. 1 . 3 (Q) Corporate Profits ...... •.... A. 1 . 4 (Ql Federal Receipts and Expenditures ...... A. 1. 5 (Q) Busir.Jss Investment ...... 1/26.3/15
Part 2-Employment and Unemployment A.2.1 (MJ Unemployment Rr1te ...... 1/12.2/9.3/8 A.2.2 (MJ Duration of Unemployment .. 1/12.2/9.3/8 A.2.3 (W) Unemployment Insurance .... A.2.4 (M) Labor Turnover ...... 1/5,2/2,3/1 A.2.5 (M) Help Wanted Index ...... 1/12,3/8
Part 3-Hours. Earnings and Productivity A.3.1 (M) Average Workweek. Manufacturing ...... •.. 1/19.2/16,3/15 A.3.2 (M) Compensation Per Man-hour .•...... 1/19.2/16.3/15 A.3.3 (Q) Productivity Indexes ...... 2/2,3/1 A.3.4 (M) Real Earnings...... 1/26.2/23 A.3.5 (M) Work Stoppages ...... 1/5,3/1
Part 4-Production and Trade A.4.1 (WJ Industrial ProcJuction Index ...... 1/19.2/23 A.4.2 (W) Production of Pr-imary Metals ...... 2/9,3/15 A.4.3 (M) Production and Sales of Tr-ansportat ion Equipment ...... 1/12.2/9.3/15 A.4.4 (W) Manufactures' Shipments. Inventories. and Orders ...... •..... 1/5.1/26.2/9.3/1,3/8 A.4.5 (Q) Capacity Utilization ...... •...... 1/5,1/26 A.4.6 (M) Retail Sales ...... 1/12.2/16,3/15 A.4.7 (M) Wholesale Trade: Sales and Inventories ..•...•.. 1/12.2/16,3/15 A.4.8 (M) Manufacturing and Trade Inventories and Sales ...... 1/19.2/16 A.4.9 (Q) Manufactures' E·Jaluation of Their Inve::1tories ......
Part 5-Foreign Trade and 8alance of Payments A.5.1 (M) Exports and Imports ...... 1/5.2/2,3/1 A.5.2 (M) Manufacturers' Export Sales and Orders of Dur-able Goods ...... 1/12,2/9.3/8 A.5.3 (Q) Balar~E· ot Payments ...... A.5.4 (A) Foreign T1-avel ...... Table of Contents-Continued
Part 6-Prices A.6.1 (M) Consumer Price Index ...... 1/26.2/23 A.6.2 (MJ Wholesale Price Index ...... 1/12.2/13.3/8 A.6.3 (W) Tuesday Spot Market Price Index ...... 1/5
Part 7-Construction A.7.1 (MJ Housing Construction ...... 1/19.1/26,2/2,2/16,2/23.3/8,3/15 A.7.2 (M) Value of New Construction Work Done ...... 1/5.2/9.3/8
Part 8-Energy. Raw Materials. and Commodities A.8.1 (W) Distribution of Electric Power ...... A.8.2 (M) Production and Corsumption of Fossil Fuels .... . 2/9
Part 9-Agriculture A.9.1 (MJ Farm Income and Expenses ...... 1/5,2/2.3/1
Part 10-Money and Credit A.10. 1 IWJ Money Stock Measures ...... 3/15 A.10.2 (W) Bank Reserves ...... A.10.3 (MJ Consumer Credit ...... 2/16. 3/ 15 A.10.4 (WJ Common Stock f'rices ...... 3/15 A.10.5 (WJ U.S. Government Securities ...... ,.6 .. (M J. Business Credit ...... , ...... 10.7 (W) Inter>est Rates ......
Part 11-Indicators of Business Activity A.11.1 (M) Composite Index of Leading Indicators ...... 1/5.2/2.3/1 A.11.2 (Ml New Business Jnco1-porations ...... 2/2 A.11.3 (M) Number of Business Failures ......
Part 12-Transportation A.12.1 (OJ Commodity Transportation. A.12.2 (0) Air and Water ...... 2/9
2 Table of Contents-Continued Section B-General Social Indicators
Part 1 -Population B.1.1 Population Estimates (M)-Total Population ...... (A)-Total Population by Age. Sex, Race ...... 3/15 (A)-Rate of Growtn ...... •.. (Al-Components of Change (Birth, Death, Ne t I mm i gr at i on ) ...... 2/2,3/15 (A)-Abortions ...... (Al-Total Fertility ...... (0)-Population Projections ...... B.1 .2 Population Distribution (0)-Population by Size of Place ...... (0)-Popula+ion in Rural and Urban Areas ...... 1/12 B.1.3 Migration (A)-Recent Movers ...... (AJ-Migration by Region ......
Part 2-The Fami l" B.2.1 Living Arrangements. Selected Characteristics (A) -Age. Sex. and Race ...... •.. 1/19.3/8 (Al-Single Person Households ...... (AJ-Children Living With Single Parents ...... 1/19 (A)-Average Family Sizo:: ...... 3/8 B.2.2 Family Formation and Dissolution (A)-Marital Status of the Population ...... 1/19 (M)-Marriage and Divorce Rates ...... 1/19,3/15 (Al-Marriages Ending in Divorce ...... B.2.3 (OJ-Attitudes Towards Family Life
Part 3-Health B.3.1 Life Expectancy (A)-At Birth ...... (AJ-At Selected Ages ...... (M,AJ-Death Rates by Cause ...... 3/15 (Al-Leading Causes of Death ...... (M.AJ-lnfant Mortality ...... •.. 3/15 B.3.2 Morbidity (M)-Commur.icable Diseases ...... (A)-Acute Illness ...... B.3.3 Disability (0)-Days of Disability by Type ...... (OJ-Institutionalized Population ...... (A)-Disabi l i ty by Degree of Limitation and Cause ...... (A)-Sr,ort-Term D;sability ...... B.3.4 Health Status -Nutrition (0) o Dietary Intake ...... (OJ o Clinical Measurements ..
(0) Obesity ...... ••. -Drugs (M) o Drug Deaths ...... ( M) o Drug Abuse Episodes ...... (A)-Liquor Consumption ...... (A) -Smoking ...... 3 Table of Contents-Continued (0) Physical Fitness ...... (0)-Perceived Healtl1 Status ...... B.3.5 Health Care Delivery (A)-Physician and Dental Visits ...... (A)-Costs and Expendlt...ires ...... 1/12 (AJ-Facilities ...... ( A) - Per sonne 1 . . . . • . . • . . •.•.•..••.•••.••••.••••••••. (OJ-Attitudes Toward Health Care ......
Part 4 Education B.4.1 Educational Achievement. Selected Characteristics (0) Math. Science. Reading. Writing ...... (O)·Music. Art. Lite1'ature. Citizenship ...... B.4.2 Attainment (A)-High School Graduation Rate ...... (AJ-The High School Educated Populetion by Race and Sex ...... (Al-College Educated Population by Race and Sex ...... B.4.3 School Enrollment (Al-Primary and Secondary School ...... 3/15 (A)·Preprimary by Age, Race, Income ...... (Al-Modal Grade Enrollment by Sex. Race and Age ...... (OJ High School Students Expecting to go to College ...... (0)-College Entl'e;11cc Rates by Sex. Race. and Socioeconomic Status ...... (A)-Col lege Enrol lmcnt ...... 2/23 (0)-Papticipation In Adult Education ...... B.4.4 Educational Facll I ties and Personnel (A)·Schools. Classrooms ...... IAJ-Teachers Administrative. Others ...... B.4.5 Costs and Expenditures (OJ-Expected Student Expenses. Higher Education ...... (A)-Expendltures by Level of Government ...... (Al-Primary and Secondary School ...... 3/15
Par! 5 Work B.5:1 Labor Force. Employment and Unemployment (AJ·Labor Force Participation ...... (A) Part·timo, Part-year Workers ...... (AJ-Employment by Occupation ...... • (M.AJ-Une11'ployment ...... (Q)-Di scouraged Worke1-s ...... (A J ·Labor Uni on Membership ...... •...... B.5.2 Earnings (Al Median Earnings ...... B.5.3 Working Conditions IA)·Regular and Overtime Hours ...... (A)-Work Injuries by Occupation ...... (0)-Tlme, Distance, and Mode of Transportation to Work ...... B.5.4 Benefit (O)·Vacations, Holidays ...... (A)-Benefit Plans ...... B.5.5 Retirement 4 Table of Contents-Continued (A)-Persons Retiring From Work. (0)-Work Life Expectancy. (A)-Retirement benefits ......
Part 6-Income. Consumption. and Wealth B.6.1 Income Levels (A)-Median Famil~ Income ...... 2/2 (A)-Composition of Family Income ...... ( A) - Per Cap i ta Income...... •...... B.6.2 Distribution of Income (A) -Age. Race, and Sex .... (A)-Regional Differences. (A)-Income Dispersion .. . B.6.3 Poverty ...... 2/2 B.6.4 Consumption (Q)-Personal Consumption Expenciltures ...... •.. 2/2 (A)-Consumption of Durable Goods ...... B.6.5 Wealth (OJ-Wealth and Net .-io1·th of Consumer Units ...... ( 0) - Compos i t i on of Weal th ...... B.6.6 Consumer Borrowing and Debt (Al-Amount of Debt Outstanding ...... (AJ-Debt/Income Ratio ...... ••...... Con.sumer ·Attitudes ...... ••...... (M)-Attitudes Toward Energy Use...... (Q)-Attitudes Toward the Economy ...... •..... 2/2
Part 7-Houslng B. 7 .1 Housing Conditions (AJ-Average Size of Households ...... (Al-Households Lacking Selected Facilities. by Size. Race, Tenure. and Location .. (A)-Average Number of Persons Per Room ..... B.7.2 Home Tenure (AJ-Single Family Dwellings ...... (A)-Mobile Homes ...... (A)-Condominiums and Other Multi- Unit Structures...... 1/5 (A)-Vacation Homes ...... B.7.3 Cost and expenditures (Al-Average Mo1·tgagc Payments ...... (A)-Upkeep and Maintenance ...... 1/5 (A)-Average Rental Payments ...... (Ml-Median Price for New One-Faml ly Homes .. 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)-0utdoor (Social, Active Sports. etc) ... (A.0)-Indoor (Television, Visiting, Other).
Part 9-Publ ic Safety B.9.1 Crimes Known to Police ( Q. A) - Violent ...... 1 /5 (Q,A)-Property...... 1/5 B.9.2 Victims of Crime, Selected Characteristics 5 Table of Contents-Continued (Al-Violent ...... (Al-Property ...... 3/1 B.9.3(0) Fear of Crime. Selected Characteristics ...... B.9.4 Pol ice Activity (Al-Persons Arrested by Charge. (Al-Offenses Cleared ...... B.9.5 Judi Ci al Activity IAJ-Persons Sentenced for Federal Crimes ...... B.9.6 Prisoners: Adults and Juveniles (Al-Prisoners by Sentence ...... (AJ-Aver2ge Length of Sentence ...... (Al-Persons Executed and sentenced to Death ...... (Al-Avera9~ Prison Population .. B.9.7(Al Expenditures for Administration of Criminal Justice ...... B.9.8 Selected Studies (OlFirearms identification ..... 3/8
6 Table of Contents-Continued SECTION C-Government Activity
Part 1-Social Welfare and Security C.1.0 Social \'jel fare and Security-General ...... 2/16 C.1.1 Social Security (Ot-SDHI) (M) -Current Beneficiaries ...... (M) -New Beneficiaries ...... (M) -Average Payment ...... C.1 .2 Old Age Assistance ( M) - Benef i ts Paid ...... (M) -Recipients ...... C.1.3 Aid to the Dis~bled
( M) - Blind...... ( M) - Deaf ...... (M) -Other...... c. 1. 4 Aid to Families with Dependent Children (MJ -Recipients ...... (MJ -Benefits ...... c. 1. 5 UnemplGfment Insurance Coverage (M) -Benefits Paid...... (M) -Recipients ...... C.1 .6 Housing Assistance (M) -Recipients ...... (M) -Benefits ...... c. 1. 7 Foocl Stamps ( M) - Rec i pi en ts ...... (fv1) - Benefits ...... c. 1. 8 Aid to Disaster Victims ( A ) - Rec i pi en ts ...... (A) -Benefits ...... C.1 .9 Veterans Benefits (M) -Recipients ...... ( M) - Benef i ts ......
Part 2-Equal Opportunity C.2.1 Equal Employment Opportunity (A) - Mi nor i t y Emp 1oymen t ...... 1/26 (A) -Earnings. Pro;notions, etc ...... 1/26
C.2:2 School Desegregation (A) -Students Attending Predominantlv Minority Scl1ools ...... (A) -Public/Private Enrollment and Centro l ......
Part 3-Government Operation C.3.1 Federal Employment (M) -Employees ...... 1/26 (M) -payroll ...... 1/26 C.3.2 State and Local Employment (M) -Employees ...... (M) -Payroll ......
7 Table of Contents-Continued SECTION D-Environment, Science. Culture
Part 1-Envi ronment D. 1 . 1 Ai r Qua 1 i t y (A) -Amount of Pollutants Released Into the Atmosphere ...... (A) -Ambient Air Qualitv. Nationwide. Major Cities...... (0) -Pe1'ce1ved Quality ...... D. 1 . 2 Water Quality (A) -Miles of Streams Meeting EPA Standards ...... (A) - 0 i l Sp i l 1 s. Fi sh Ki l ls...... (OJ -Eutrophication of Lakes...... D.1.3(0) Hazardous Substances (A) -Amounts Produced ...... (Al -Concentration in Biosphere ...... D. 1. 4 Ecological Balances (AJ -Endangered Species (Plant and Animal) ...... (0) -Critical Areas (Coastal Zones) ...... (A) -Land/People Density ......
2-Science Professionals in Basic Research {A) · - .By Spec i a 1 i t y...... (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 Ski 11 and Appreciation of Literature. Arts. Music ...... D.3.3 Particip2•ion in Cultural Activities (A) -Voluntary Organizations ...... (Al -Travel...... (A) -Hobbies, Sports. Music. etc ...... D.3.4 Attendance at Cultural Events (A) -Plays. Galleries. Motion Pictures ...... (A) -concerts. Museums. etc ......
8 Table of Contents-Continued SECTION E-Selected Subjects
E.0.1 (A) -Spanish Origin Population ...... E.0.2 (A) -Metropolitan and Nonmetropolitan Population .. . E.0.3 (0) -Shaeeownership of Public Corporations ...... 1/19 E.0.4 (0) -Driver Licenses ...... 1/19 E.0.5 (0) -Trends in Employment of College and University Graduates in Business and Industry ...... 3/1
9 WEEKLY BRIEFING NOTES ON U.S. DOMESTIC DEVELOPMENTS Prepared for the President and the Vice President
MARCH 22, 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 March 22, 1976 SOURCES OF DATA
Personal Income U.S. Department of Commerce, Bureau of Economic Analysis, "Survey of Current Business"
Corporate Profits U.S. Department of Commerce, Bureau of Economic Analysis, "Survey of Current Business"
Federal Receipts and Expenditures U.S. Department of Commerce, Bureau of Economic Analysis, "Survey of Current Business"
Real Earnings U.S. Department of Labor, Bureau of Labor Statistics, "Employment and Earnings Statistics for the United States"
Industrial Production Board of Governors of the Federal Reserve System, "Industrial Production and Related Data" G .12.3 Central Statistical Office (London) Dominion Bureau of Statistics (Ottawa) Statistiches Bundesamt (Wiesbaden) lnsitut National de la Statistique et des Etudes Economiques (Paris) lnstituto Centrale di Statistica (Rome) Ministry of International Trade and Industry (Tokyo) "Business Conditions Digest"
Manufacturers' Shipments, Inventories, and Orders U.S. Department of Commerce, Bureau of the Census, "Manufacturers' Shipments, In ventories, and Orders, "Series M3-1
Manufacturing and Trade Inventories and Sales U.S. Department of Commerce, Bureau of Economic Analysis, "Survey of Current Business"
Consumer Price Index U.S. Department of labor, Bureau of labor Statistics, "The Consumer Price Index"
Housing Construction U.S. Department of Commerce, Bureau of the Census, "Construction Reports," Series C Week of March 22, 1976 TABLE OF CONTENTS >-_, t:9 >-_, a: _, >-_, L&J > ::c .... < a: SERIES ::.::: .... ex :::::> L&J L&J z < z ::c L&J 0 :::::> z .... ~~ 3:: :E Cl < 0 SECTION A-General Economic Indicators Part 1-National Income and Product A.1 .1 Gross National Product ...... •..•...•....•...... x A.1.2 Personal lnoome ...... 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 Stoppa!;ies . -...... 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 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 9f March 22, 1976
TAB LE OF CONTENTS-Continued
>- ....I >- a::: >- ....I ...... , ....I ....I :c I- < a:: SERIES ...... ,::c: I- a::: ::::> ...... , ...... , z: < z: :c 0 ::::> z: I- SECTION A-General Economic Indicators (Continued) 3: :::E O' < 0 Part 7-Construction A.7 .1 Housing Construction ...... x A.7 .2 Value of New Construction Work Done ...... •...... •. x Part 8-Energy, Raw Materials, and Commodities A.8.1 Distribution of Electric Power .....••...... •...... x A.8.2 Production and Consumption of Fossil Fuels ..•...•.....•...... x Part 9-Agriculture A.9.1 Farm Income and Expenses ...... ••...... x Part 10-Money and Credit A.10.1 Money Stock Measures ...... •••...... x A.10.2 Bank Reserves ...... x A.10.3 Consumer Credit ...... •...... ••.....•...... •••• x A.10.4 Common Stock Prices .....•..•.••.•...... •...... x A.10.5 U.S. Government Securities ...... •••.•..•...•...... ; x A.10.6 Business Credit ...... •...... •...... • x A.10. 7 Interest Rates . · . . · . . · · · . . · · · · . · · · · · · · · · · · · · · · · · · · · · Part 11-lndicators 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 Part 12 · Transportation A.12.1 L.and ...... x A.12.2 Air and Water ...... •...... x SECTION B-General Social Indicators
Part 1-Population 8.1 .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 March 22, 1976
TABLE OF CONTENTS-Continued
>_, >-_, a:: _, >_, ::c 1.1.J cc I- I- a:: SERIES :Ill:: a:: :::> I.I.I 1.1.J z cc z ::c 1.1.J 0 :::> z I- 3: ::E O' cc 0 SECTION B-General Social Indicators (Continued)
Part 2-The Family B.2.1 Living Arrangements, Selected Characteristics
- Age, Sex, and Race ...•..•.••. a 0 " " • 0 • 0 0 0 • 0 II •••••••••• 0 •••• x - Single-Person Households •....••••••...... •..•...... •... x - Children Living With Single Parents •••••••....•..•..•.....•.. x - Average: Family Size ••••••• e •• o • e o °' • " a e " o o ••• a ••••••• " •••• 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 ....••••...... •.. o • Ill •••• o ••• o "' °' ••••••••••••••• x
- At Selected Agt!S • . . . " . . • • • • . • • a • • " '° •• " • • 0 a • D • • • It • • • • • • • • 0 x - Death Rates by Cause . . • . . . • . . . • . . o • • • • e • • • • e • • • • • • • • •• • • • • x x - Leading Causes of Death ••....•.••...... •...•...•.... , ... x - Infant Mortality ...... •...... ••.•...... •...... •.•... x x
B~~rbidity
- Communicable Diseases ..•..••.. " . o o •••••••••••••••••••••• x - Acute 11 lneSS' ••••••••••.•••••.•••••• " •••••••••••••••••..• 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
• Die'tary Intake •••• o •• ,, ••• o o o • o • o • ., • o ., ...... a e •••••• x • Clinical Measurements ..••••••...• , .•..•...... •...... x - Obesity ..••. a ...... o e ,,,, " o " ••••••• " ••••••••••••• x - Drugs
• Drug Deaths ...... • • . . . . . • • . • • • ., . c o • o • " • • • • • • • • °' • • • • • x • Drug Abuse Episodes ..•.... , ....••.•.... , ••...•....•..• x • Liquor Consumption . . . . • • • • . • . • • • • • . . . . • . • • • . . . . • . . . • . x - Smoking ••••••••••..••.••••••••••••••••••.•..••••••.••. x
- Physical Fitness ..•.....••••... ., .. ti ••••• ., ti • ., ••••••••••••• x - Perceived Health Status •••.•..•.•••• , ...... •....•.••••... x Week of March 22, 1976
TABLE OF CONTENTS-Continued
>...... > >- ...... cc: ...... :c L&.J cc I- ::::> cc: SERIES ::.::: 1- L&.J 1.&.J z ~ z :c L&.J 0 ::::> z l 3: :::E O' cc o SECTION B-General Social Indicators (Continued)
B.3.5 Health Care Delivery - Physician and Dental Visits ...... x - Costs and Expenditures ...... , ...... x - Facilities ...... x - Personnel ...... •...... x - Attitudes Towards Health Care ...... x
Part 4-Education B.4.1 Educational Achievement by Sex, Race, Socioeconomic Status, Region - Math, Science, Reading, Writing ...... x - Music, Art, Literature, Citizenship ...... x B.4.2 Attainment - High School Graduation Rate ...... x - The High School-Educated Population by Race and Sex ...... x - College-Educated Population by Race and Sex ...... x B.4.3 School Enrollment - Primary and Secondary School ...... x - Preprimary by Age, Race, Income ...•...... •...... x - Modal Age Enrollment by Sex, Race ...... x - High School Students Expecting to go to College ...... x ---- College Entrance Rates by Sex, Race, Socioeconomic Status ...... x ~ College Enrollment ...... -. x - Participation in Adult Education ...... x . B.4.4 Educational Facilities and Personnel - Schools, Classrooms ...•...... x - Teachers, Administrative,Others ...... x B.4.5 Costs and Expenditures - Expected Student Expenses, Higher Education ...... x - Expenditures by Level of Government ...... x
Part 5-Work B.5 .. 1 Labor Force, Employment, and Unemployment - Labor Force Participation, Selected Characteristics ...... x - Part-time, Part-year Workers, Selected Characteristics ...... x - Employment by Occupation, Selected Characteristics ...... x - Unemployment, Selected Characteristics ...... x x - Discouraged Workers ...... x - Labor Union Membership ...... •...... x B.5.2 Earnings - Median Earnings, Selected Characteristics ...... x Week of March 22, 1976
TABLE OF CONTENTS-Continued
>- oP."b''<"..,..' ...... J •':"' >- a:: >- ....I UJ -" :, ' ....J :c I- I- < a:: SERIES ,c:, .< ::.::: a:: ::::> UJ UJ z: < z: :c '·~ ...... 0 ::::> z: I- 3:: ::::E O' < 0 SECTION B--General Social Indicators (Continued)'---··""
B.5.3 Working Conditions - Regular and Overtime Hours, Selected Characteristics x - Work Injuries by Occupation • , •• , . , .... , •• , , •... , , . , , •..... x - Transportation to Work-Time, Distance, and Mode .....• , .•..... x 8.5.4 Benefits
- Vacations, Holidays . . . o o o e c °' e e o o c " o a o o o c c o o ., c • " • " • ,, o • c ,, o " x
- Benefit Plans 0 • 0 • 0 0 • Ill 0 0 0 0 •• e e c 0 0 0 0 0 0 c (I 0 0 0 0 e e II 0 0 It 0 0 e 0 0 ., 0 Cl l!l x B.5.5 Retirement - Persons Retiring From Work ...... ••.... , . , •• , ....•... , ...• x
- Work-Life Expectancy .• (I e • Ill 0 0 a e 0 0 0 0 0 e 0 c e 0 0 0 • 0 c 0 0 0 D 0 fl 0 " 0 • " x - Retirement Benefits .... , , . , , .•..•.•.••.• , ...•..• , ....•.. , x
Part 6-lncome, Consumption, and Wealth 8.6.1 Income Levels - Median Family Income .•..•.• , ...... , , ...... , .. , . x - Composition of Family Income •.•..• , . , , ...... •..••...... x
- Per Capita Income o •• ti o "' ..... " ., o !) • e • " c e • o • " • "' ... " • " • o o fl c o o .I) ,, x 8.6.2 Distribution of Income
----:- Afl!, Race, and Sex • " 0 • Ill 0 0 • 0 • 0 l!j c e a •• 0 0 0 fl e 0 0 0 0 • II 0 0 • 0 ,, 0 c 0 0 •_o x
- Regional Differences -a Cl 0 0 • 0 0 0 0 e 0 0 II 0 0 0 0 r; • "' • 0 0 0 0 • ,, • 0 ti 0 " 0 !I e. 0 • 0 x
B.6.3 Poverty 0 0 • • • • • • • 0 Cl • 0 • f> • .. • a II • 0 -a • • 0 • • " • • 0 • • • • 0 • 0 • • 0 • • • • .. • • • 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/I ncorTM! Ratio •• ,, • ,, .. o ••• .., ,, ,, o o o o o ,, ••••••• " ,, °' ...... ,, x
8.6. 7 Consumer Attitudes ••&••••,.11oooeeooooo600•110•.seoo•aon x Part 7-Housing B. 7 .1 Housing Conditions - Average Size of Households ..••..•....••..•.•....•....•••. , x - Households Lacking Selected Facilities, by Size, Race, Tenure,
and Location • o ., • o • a • o ., • • o • • • o o • • • o " o o o " "' • • o • • • • o • o • o • o .. x - Average Persons Per Room ...... •••.•...•.••..••..•.•...... x Week of March 22, 1976
TABLE OF CONTENTS-Continued ,, '-' ',,,\'
>- >- a:....J >- ....J l.U ....J " ....J ::c I- < a:: SERIES ::.::: I- a:: :::::> l.U .....,l.U z: < z: ::c 0 :::::> z I- ~ ::::E O' < 0 SECTION B-Socioeconomic Series (Continued)
8.7.2 Home Tenure - Single Family Dwellings ...... •••...... ••.•...... x
- Mobile Homes •• °' ••••• o Ii o •• o ... o c o • °' o •• o b o o 11 o o " • o o o ,, • o o •• o x - Condominiums and Other Multiunit Structures ...... x
- Vacation HOITleS .... ti • 0 0 II 0 I) 0 • 0 0 0 0 0 0 0 0 0 • 0 o) (! • 0 0 • 0 0 0 0 0 • 0 0 (I a 0 (I 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 .. to ...... o • o o o o • o " o c o " o ... o ••• o o " •• o o o " • I) •• 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 .• 0 • 0 ••••••• II ••••••• 0 • a • " 0 • 0 II • 0 0 c 0 II • 0 0 ••• 0 .... " • 0 x x - Property . . . . . 0 • • • • II • 0 • • • • II • • a e 0 • - ~- 0 o-_ e a Ci e Q • • • 0 Q • 6 «I • 0 0 ~ Cl ., a x x B.9.2 Victims of Crime, Selected Characteristics - Violent , ...... •...•. o •• ., a ...... , ••••••••••••••• x
- Property . . • 0 0 0 0 • IJ • • • • • a e • • e " • • 0 e e e e • 0 D • • • • a • • • • • • • • • Q 0 • x B.9.3 Fear of Crime, Selected Characteristics x B.9.4 Police Activity - Persons Arrested by Charge ...... x
- Offenses Cleared ii. " c 0 0 a • ~ • 0 Ill Q 0 ., a Cl 0 G a Q e !! ,, a Q 0- e e II II II e 0 • " • 6 • " " • x B.9.6 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 B.9.8 Selected Studies Week of March 22, 1976
TABLE OF CONTENTS-Continued
>- >- ..J ..J a:: .....! >-_, ::i: LLJ I- I- < a:: SERIES ::.::: a:: ::::> LLJ LLJ z cc z ::i: LLJ 0 ::::> z t- 3: :e 0 < 0
SECTION C-Govemment Activity ;,, .:t; ..... Part 1-Social Welfare and Security C.1.1 Social Security (OASDHI) - Current Beneficiaries ...... •.•..•. , ..•.....•.....•..... x
- New Beneficiaries • 0 a t II • 0 0 0 0 0 0 Ci " 0 !'I 0 c 0 0 e. 0 0 I! ., f) 0 0 0 0 :ii 0 " e 0 0 0 0 0 0 x
- Avera!)E! Payment a •• " •• o • o o o •• e o ., o o o c c a o o ti ft. !'I o • o c o o o " o o o o o x C.1.2 Old A~ Assistance
- Benefits Paid II ••• a 0 •• 0 G 0 0 0 0 0 • 0 0 Ci 0 0 0 e 0 a a ti 0 0 0 a Ci 0 n 0 0 t> 0 0 0 • 0 0 0 x
- Recipients ..•.. " . o ••••• o ... Ci ..... o (I o o o o o o Cl " ., Cl o t; o o o o Ii " ,, ,, o o o o "' x C. 1.3 Aid to the Disabled
- Blind •••..•••• 0 • " " e: 0 IL'I 0 0 II 0 0 0 () e 0 0 0 Cl 0 0 Q • 0 0 Cl 0 c 0 c c 0 0 0 e • " 0 0 0 b x
- Deaf . II • 'l' • 0 • • • • • • • 0 0 .. 0 • c • " 0 0 0 0 0 0 0 0 0 0 " 0 .G e 0 0 Ill 0 0 • a a ti 0 .. c ... a 0 x - Other...... o • " o o o o " • o o o ,, • o " • • • o • a o o • o • o o a o ,, x C.1.4 Aid to Families With Dependent Children
- Recipients ...... • • . . . • . . • • . • . °' • • o • o • • ., o • " (I " • e • • o • o • o I> °' o x
- Benefits ...... " •.••••• o o Q • °' ••• " " °' j) o (l It °' o o x C.1.5 Unemployment Insurance Coverage
- Benefits Paid •...... (I • a o • o • "' e o • o • o • o o ...... o ••• o • (I x
- Recipients ...... c • c " •••• o e • o " •• o ••••• " • ,, ... ., •• ct • x C. t..6.-Wousing Assistance
- Recipients o • e •• o a ., •• Cl " •• o a •• o •• o " o o o • o o o " e o o ,, " ., ... Cl a •• e ,, • x
- Benet its 0 •••••• .0 ••••••• a •• " •••• 0 a • 0 ••• (I 0 If 0 0 •••••• II •••• If x C. 1. 7 Food Stamps
- Recipients ..••...•••... o • ., a •• o ti o .. o o Cl o o I) a o (I o o o • Q ••••••• It • x
- Benefits •••..•••... o ••••••• o •• o ••••••••••••• o ••••••• & • o x C.1.8 Aid to Disaster Victims
- Recipients 0 Q- " & •••• Ill •
- Benet its o ., •• c a ., .... ., ••• o ., •••• o o ti •••• " o • " c o ••• " •• ti o • o ... o o x C. 1.9 Veterans Benefits
- Recipients • ~ • 0 0 Ill c 11'1 a 0 ,, Cl " " 0 0 0 • e " 0 " .... 0 e " 0 0 0 e II 0 ~ ti • e 0 e •• '1 0 " •• x
- Benefits • . o °' • o • • o • • • a • o .... o o • • .., o "" o ~ c o o o I) c • o • • g • o • • • • • • • • • 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 March 22, 1976
TABLE OF CONTENTS-Continued
...... >- .,,..... y-·~:.-:,' >- a:: ...... L&.J ...... - /~· . - >- ::c ...... t- t- < a: SERIES 't:) ::.::: a:: => L&.J L&.J z < z ::c 1< "\.U 0 ::::> z t- l¢''""' 3r; ::::E a cc 0 SECTION C--Govemment Activity (Continued)\~-"
Part 3-Govwnnwnt Operation C.3.1 Federal Employment
- Employees 0 0 • 0 • liJ •• Ill • l!I • 0 0 0 • 0 (I 0 0 II a 0 0 0 0 0 0 0 0 0 0 0 0 0 a 0 •• 0 0 •• 0 0 x
- Payroll .•. Cl ••• o • Ill o •• " • ., o o o • " (I c a o • o ii o o o o o ~ l:t " •• o. o o o • o " .. "' o X C.3.2 State and Local Employment and Finances
- Employees • e • • • II • • • • • • 0 " I) 0 • • • 0 0 (I • 0 0 • 0 0 a 0 Cl 0 0 0 0 • 0 • • Q 0 • • 0 e x
- Payroll •...... •.. 0 •• 0 ••• 0 0 0 • a a 0 • 0 0 0 c •• 0 0 •••• 0 II • 0 •• 0 x
SECTION D-Environment, Science, Culture
Pst 1-Environnwnt 0.1.1 Air Quality - Amount of Pollutants Released Into the Atmosphere ...... x - Ambient Air Quality-National, Major Cities ...... : .. . x - Perceived Quality ••...•.•••••.•• o • e •••• o •• a •••••••• o ••• I> Ii x 0.1.2 Water Quality --~-Miles of Streams Meeting EPA Standards ...... - x - Oil Sf:>ills, Fish Kills .•... o o - ••• o o ,, " o o °' o ,, c o ,. o o o o o a • o ••• e e •• x 0.1.3 Hazardous Substances - Estimated Amounts Produced ...... •...... •.... x - Concentration in Biosphere ...... •...... x 0.1.4 Ecological Balances - Endangered Species (Plant and Animal) ·•..•....•..•....•...... x - Critical Areas (Coastal Zones) .....•..•....•...... •.•...... x
- Land/People Density . " o • • • o o • • (I (I ., c • • • • ., " o • • • • • • • • • • • o • o o o x
Part 2-Science 0.2.1 Professionals in Scientific Fields
- By Specialty ...... " .....•.....•.. 0 II •••••••••••••• II • fl • a •• x - Person Years of Scientists, Engineers Engaged in R&D ...... x 0.2.2 Expenditures for Research and Development
- Private Industry .... e ••••••••••• c •••••••••• If (I •••••••••••• x
- Governrraent , . e •• 0 • 0 •• IJ ••• D •• (I (I •• 0 0 • 0 c • Cl 0 • 0 0 (I ••• 0 b • b •••• x 0.2.3 Science Achievement in Schools
- Sec:ondary Schools 0 a D • 6 D • e • 0 • fl (I 0 0 0 0 0 Cl II S 0 (I 0 0 0 0 0 0 0 b 0 • 0 0 it 0 • • x
- Higher Education., • D • o ...... o ,, • I.I •• o • o ••••••••••••••••• x \ Week March 22, 1976 \ of TABLE OF CONTENTS-Continued"
>- >- -'a::: \ >- -' I.I.I -' _, ::c ...... < a::: SERIES \ :a:: ..... 0:: :::> i.U l.t.I z er:: z :c I.I.I 0 :::> z ..... 31: :E C)I < 0 SECTION D-Environment, Science, CulturJ I 0.2.4 Public Attitudes Towards Science and Techn~logy ...... x
Part 3-Culture \ 0.3.1 Persons Employed in Artistic Professions ! - By Type ...... ~ ...... ••....•....•. x 0.3.2 Children's Skill and Appreciation of Literature Arts, Music ...... x I
D.3.3 Participation in Cultural Activities 1 - Voluntary Organizations ...... ; ...... •..••...... x - Travel ...••..•...••..•.....•...•.• , •.•.•.•••••••..••••• x - Hobbies, Sports, Music, etc...... •. ; ...... x D.3.4 Attendance at Cultural Events - Plays, Galleries. Motion Pictures ...... · .....•...... x - Concerts, Museums, etc...... x SECTION E-Selected Subjects A.1.2 - Personal Income
THIS CHANGE CHANGE PERIOD LAST PER. YEAR AGCJ TOTAL PERSONRL INCOME $1327.9 1.0% 10.4% PRI VATE VRGES ~ SALARIES $670 . 5 o.n: 10. 0 BILLIONS TRANSFER PAYMENTS $1 90. 2 3. 0% 15.0% BILLICJNS CJF DOLLARS CJF OCJLLAAS HOO HOO
1300 1300
1200
1100 1100
1000 1000
900 900
800 800
700 700
600 600
500 500
100
1300 I I
200 200
100 100
0 0 19 71 1972 1973 19 7'f 1975 1976 SOURCE: BUREAU OF ECONCJMIC ANALYSIS 22 MARCH 1976 • Personal Income rose for the seventh consecutive month, up 1 percent ($12.9 billion) in February.
• In January, Personal Income rose 1.1 percent ($14.8 billjon).
• A $5.5 billion increase in Transfer Payments accounted for nearly half of the overall increase.
• $2.3 billion due to a speedup in life insurance dividend payments to veterans.
• $2.1 billion from payment of income tax credits to low income families with children (Tax Reduction Act of 1975).
•Private Industry Payrolls increased in February at a $4.6 billion annual rate (0.7 percent), following January's substantial $10.3 billion rise. A.1.2 - Components of Private Wage and Salary Disbursements THIS CHANGE CHANGE c;:,~ .... PERIOD LAST PER. YEAR AGO U) J:. ::I:!
COMMODITY-PRODUCING INDUSTR IES $292. 5 0. 4% 9. 9% ,p ~ MANUFACTURING --- $227.7 0.4% 11.5% DISTRIBUTIVE INDUSTRIES $208. 5 0. 7 . 6 ~ BILLIONS SERVICE INDUSTRIES $169.6 1.3% 10.5% BILLIONS OF DOLLARS ~F DOLLARS 300 300
280 280
260 126Q
2i0 240
220 220
200 200
180 180
160 160
HO HO
120 120
I 100 100 1971 1972 1973 19 7-i 1975 1976 SOURCE: BUREAU OF ECONOMIC ANALYSIS 22 11nncH t 97 • The substantially smaller rate of growth in Private Wages and Salaries was due to a slowdown in Conmodity-Producing and ·Distributive Industries.
° Co1J1110dity-Producing Industries rose 0.4 percent by advancing $1 . 1 billion to a level of $292 .5 billion in February.
•Manufacturing Payrolls gained 0.4 percent ($1.0 billion), compared with $3 .4 billion i n January.
• Distributive Industry Payrolls increased 0.7 percent ($1.5 billion) following a $4.1 billion rise in January.
• Payrolls in Service Industries were the only component of Private Wages and Salaries to post a larger increase in February than in January, up $2.2 billion compared with $1 .7 billion. A. 1.3 - Corporate Profits Annual Rates THIS CHANGE CHANGE PERIC!O LAST PER. YEAR AGC! BCIC!K PRC!FITS BEFCIRE TAX $133.8 3.3% 8.0% PRC!FITS FRC!M CURRENT $114.1 0.9% 39.1% BILLIC!NS PRCIOUCTICIN- -- BI LLICINS C!F OC!LLARS CIF OCILLAAS 150 150
140 140
130 130
120 I 120
110 ' 110
100 I 100
90 90
80 80
70 70 19 71 1972 1973 1974 1975 SCIURCE: BUREAU Clf ECCINC!MIC ANALYSIS 22 MARCH 1976 A.1.3 - Components of Corporate Profits
THIS CHANGE CHANGE PERIClD LAST PER. YEAR AGCJ PROFITS AFTER TAX $80.6 2.3% 7.9% AX LIABILITY $53. 2 4. 9% 8. 1 DIVIDENDS- -- $33. 1 -1 . 2% 4. 4% BI LLIClNS UNDISTRIBUTED PRClFITS $47 .5 4. 9% 10.5% BILLIClNS Clf DClLLARS Clf DCJLLARS 100 100
85 85
70 70
55 55
I iO iO
25 ---- 25
10 10 1971 1972 1973 197i 1975 SCJURCE: BUREAU CJF ECClNClHIC ANALYSIS 22 MARCH 1976
• Before-Tax Book Profits rose for the third consecutive quarter, up 3.3 percent to an annual rate of $133.8 billion, the second highest level on record .
• Profits from Current Production rose a slim 0.9 percent in the fourth quarter after increasing an average of 20 percent in the second and third quarters of the year. • In the past year, Inventory Profits plus the capital consumption adjustment accounted for approximately 14 percent of Pre-Tax Profits , compared to 31 percent in 1974.
• After-Tax Profits rose 2.3 percent t o a level of $80. 6 billion, only 7.8 percent below the high of $87.4 billion recorded in the third quarter of 1974 . • Undistributed Profits continued to gain , rising 4.9 percent.
0 Dividends edged down 1.2 percent .
NOTE: The Capital Consumption Adjustment converts tax-reported depre ciation to reflect current replacement costs and differences between depreciation formulas allowable under the tax laws and actual service life. A.1.4 - Federal Receipts and Expenditures Seasonally Adjusted at Annual Rates THIS CHANGE CHANGE PERIOD LAST PER . YEAR AG" EXPENDITURES $374.2 2. 9% 17. 4% BI LL IONS .~ ECE I PTS $302.7 3.2% 3.3% BILLIONS OF DOLLARS OF DOLLARS 390 390
360 360
330 330
300 300
270 270
240 240
210 i 210
180 180 19 71 19 72 1973 1974 1975 SOURCE : BUREAU OF ECONOMIC ANALYSIS 22 MARCH 1976 A.1.4 - Federal Budget Deficit Billions ot Dollars Bllllons of Doll · :.x> "T""---
o r.q~-e-~-•• • ~ -~--- -~--n 910 -3)- •••• ••• • •••••• ~ .Ji' •• • M~ ••••••••••••••••••••• • ••• •••••••••••••• •:> t• ·· m'il~~ ····,_-3)
-.0 - ...... t88~~~~··...... --&()
-«> - ...... •...... --«>
~ - ...... ······ 'II'• • ...... -~ ti' ~
•~ - 100 - ...... •~ ············· --100
1971 1972 1973 Source: Bureau of Economic Analyab 22 March 1976
•The Federal Government Deficit as measured in the national income and product accounts rose $1.0 billion to $71.5 billion in the fourth quarter of 1975.
• For all of calendar 1975, the deficit was $74.5 billion , compared with deficits of $11.7 billion in 1974 and $6.9 billion in 1973.
• Increases in expenditures in the fourth quarter ~xceeded increases in receipts. •Expenditures were $374.2 billion, up $10.4 billion. •Receipts increased $9.4 billion to $302.7 billion. A.1.4 - Selected Components of Federal Expenditures Government Purchases of Goods and Services THIS CHANGE CHANGE PERIOD LAST PER. YEAR AGO PURCHASE OF GOODS & SERVICES $129.9 i.6% 9.9% NATIONAL DEFENSE $87 . 1 2. 9% 8.6% BILLIONS NONOEFENSE $12. 5 8. 1% 12. 7% BILLI ONS OF DOLLARS CJF DOLLARS 110 HO
120 120
100 100
80 80
60 60
10
20 20 1971 1972 1973 1971 1975
Transfer Payments THIS CHANGE CHANGE PERIOD LAST PER. YEAR AGO BILLIONS TRANSFER PAYMENTS $151.5 1.3% 20.9% BILLIONS OF DOLLARS OF DOLLARS 180 180
160 160
110 1'40
120 120
100
80 180
60 60
- J_ ------~------_.....______. _____ 10 10 19 71 1972 1973 19 71 1975 S RCE : BUREAU F ECONOMIC ANALYSIS 22 MRRCH lq76 A.1.4 - Selected Components of Federal Receipts
THIS CHANGE CHANGE PERI CJD LAST PER. YEAR AGCI ~ ...J c: g:. PERSONAL TAX ANO $135.2 3.6% -1.6% _,)d> NONTAX RECEIPTS CCINTRIBUTICJNS FCIR $96. 4 2. 7 5. 8 SCICIRL INSURANCE CCIRPCIRATE PROFITS $45.6 5.1 % 6. 3% BILLIONS TAX ACCRUALS BILLICJNS CJF DOLLARS CIF OCJLLARS 150 150
125
100 100
75 75
50 so
25 25
0 0 1971 1972 1973 19 7'4 1975 SOURCE: BUREAU CIF ECONOMIC ANALYSIS 22 MARCH 1976 • Purchases of Goods and Services accounted for 60.6 percent ($5.7 billion) of the total increase of $10.4 billion in Federal expenditure in the fourth quarter. • Nondefense purchases were the major factor, rising $3.2 billion to $42.5 billion, including $0.5 billion attributable to the Federal pay raise effective last October . • National Defense purchases rose $2.5 billion to $87.4 billion , including $1.5 billion attributable to the pay raise.
• Transfer payments increased $2.0 billion as normal growth in most transfer programs, plus several cost-of-living adjustments, offset a decline in unemployment benefits.
• Strong growth in wages and salaries was directly responsible for more than three-fourths of the $9.4 billion increase in receipts. •Personal Tax payments were up $4.7 billion. •Social Insurance contributions increased $2.5 billion.
• Corporate Tax liabilities rose $2.2 billion, largely the result of higher corpo ra t ~ rrofits. A.1.4 - Government Purchases of Goods and Services: 1955 and 1975 (Constant Dollars)
Percent of Constant Percent of Constan. Dollar GNP Dollar GNP ie ------10
_.___ "" 13.8'; _... lf. H c 13.33 a: ~ ,,> - 12 .._ --- 12
10 · I-- 9.8% _ ... 10
8 ·- _ ... 8
KX) -'-2 1900 1970 1900 1970 Federal state and Local Government Government Source: Bureau of F.conomlc Analysis 2.2 March 1976 • •Since 1955, State and local government purchases of goods and services have grown from 9.8 to 13.8 percent of constant dollar Gross National Product. •Although Gross National Product, as measured in constant dollars, increased 81.1 percent from $654.8 billion in 1955 to $1,186.1 billion in 1975, State and local government purchases vaulted 155.2 percent from $64.0 billion to $163.3 billion. •Federal purchases of goods and services, although increasing 8.5 percent from $86.9 billion in 1955 to $94.3 billion in 1975, have shrunk from a 13.3 percent share of Gross National Product to 8.0 percent. A.3.4 - Gross Average Weekly Earnings In Current and 1967 Dollars THIS CHANGE CHANGE PERIOD LAST PER. YEAR AGO CURRENT D~LLARS $173. 38 0. 2% 8. 4% D~LLARS 1967 DOLLARS $103.63 0.0% 1.9% DOLLARS PER \/EEK PER \/EEK 185 185 175 175 165 165 155 I 155 I 145 HS 135 135 125 i 125 115 115 105 95 19 71 1972 1973 197i 1975 1976 S~URCE: BUREAU ~F LAB~R STATISTICS 22 MARCH 1976 A.3.4 - Spendable Average Weekly Earnings In Current and 1967 Dollars THIS CHANGE CHANGE PERICJO LAST PER. YEAR RGCJ CURRENT DCJLLARS $15i. 28 0.1% 11. 3% D LLRRS 1967 DOLLARS $92.22 0.01 4.81 OCJLLRRS PER VEEK PER VEEK 160 lfi() 150 150 HO HO 130 120 110 90 eo 1971 1972 1973 1974 1975 19 76 SCJURCE : BUREAU OF LABCJR STATI STICS 22 MARCH 1976 • Real Gross Weekly Earnings (1967 dollars) remained virtually unchanged in February. • A 0.4-percent increase in average hourly earnings was offset by a 0.3-percent decline in average weekly hours and a 0.1-percent increase in Consumer Price Index. • Real Spendable Earnings (1967 dollars) remained at the January level. •Over the year, Real Spendable Earnings were up 4.8 percent. •Increase due to a 2.0-percent gain in real average weekly earnings and a reduction in Federal income tax rates, which went into effect May 1, 1975. A.4.1 - Industrial Production Index ( 1967=100) THIS CHANGE CHANGE PERIOD LAST PER. YEAR AGO '-"' MATERIALS 118.5 0.8% 10.3% Tf>TAL 119.9 0.6% 7.8% P R~DUCTS 120. 9 0. 2% 6. 3% !NDEX INDEX 135 135 130 130 125 120 120 115 I 115 110 110 105 105 100 100 1971 1972 1973 197-t 1975 1976 SDURCE: BOARD OF GDVERNORS OF THE FEDERAL RESERVE SYSTEM 22 MARCH 1976 •Reflecting strong gains in autos and steel, Total Industrial Production continued to expand in February; up an estimated 0.6 percent to 119.9 percent of its 1967 average . • February marks the tenth consecutive increase for a total gain of 9.0 percent since the April low of 109 .9. • Growth in the 3-month period ending in February slowed slightly, up 2.0 percent overall compared with 2.9 percent in the previous 3-month period. • Materials production continued to increase, up 0.8 percent in February after a slower growth rate in the latter part of 1975. • Output of Products slowed in February, up only 0.2 percent compared to an average monthly increase of 1.0 percent in the November-January period. A.4.1 - Industrial Production Index Final Products and Selected Components THIS CHANGE CHANGE PERICJO LAST PER. YEAR AGrJ CCINSUMER GCICIDS 132.6 0.8% 12.3% FINAL PRODUCTS, TOTAL 120.7 0. 2% 6.1% EQUIPMENT 104.2 0. 0% - . 0% INDEX INDEX 1'40 HO 130 130 120 120 110 110 100 100 1971 1972 1973 1971 1976 1976 Consumer Durable Goods and Selected Components THIS CHANGE CHANGE PERI~O LAST PER. YEAR AGO CONSUMER DURABLES, TrJTAL 123.2 1.1% 22.0% HCIME GCICIDS 125.9 -0.6% 10. 4% RUTDS 105. 1 5. 9% 78. 4% INDEX INDEX 155 140 125 125 110 110 96 95 eo 65 65 50 50 1971 1972 1973 1974 1976 1976 SCIURCE s BtiR 0 ·~.. f.~ ~W . ]1t1CIAS OF THE FEDERAL RESERVE SYSTEH A.4.1 - Industrial Production Index Business Equipment and Selected Components THIS CHANGE CHANGE PERIOD LAST PER. YEAR A~ C~MM'L, TRANSIT,& FARM EQUIPMENT 118.8 0.3% 0.7% BUSINESS EQUIPMENT, TOTAL 118.8 0.0% -0.1% INDUSTRIAL EQUIPMENT 118. 9 -0. 3 -1. 2 INDEX INDEX 140 130 120 110 90 1971 1972 1973 1974 1975 1976 SOURCE: BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM 22 MARCH 1976 • Output of Consumer Goods rose 0.8 percent to the highest l evel since the November 1973 peak of 133 . 5, as both Consumer Durable and Non durable Goods posted further gains. • Consumer Durable Goods rose 1.1 percent , the twelfth consecutive monthly increase. • A 5.9-percent boost brought Auto production to the highest level si nce October 1974 , and outweighed a 0.6-percent drop in the production of Home Goods. o Production of Business Equipment is estimated to have been unchanged following a string of moderate increases since July. •A decline in Industrial Equipment , the first in 7 months, offset the fourth consecutive increase in Corrmercial, Transit, and Farm Equipment. A.4.1 - Industrial Production Index Components of Materials THIS CHANGE CHANGE PERIOD LAST PER. YEAR AGO FUEL & POVER, INDUSTRIAL 116.7 -0.5% -1. 2% NONDURABLE MATERIALS 126.9 0.5% 20.1% DURABLE MATERIALS 113. 0 o. -t 5. 6 INDEX INDEX 150 150 140 140 130 120 120 110 110 100 100 1971 1972 1973 1974 1975 1976 Components of Durable Materials THIS CHANGE CHANGE PERIOD LAST PER. YEAR AGO IRON RND STEEL 94.5 1.3% -10.0% CONSUMER DURABLE PARTS 106.i 0.5% 29.6% EQU IPMENT PRATS 109. 0 0. 2% -2. 7% INDEX INDEX 1971 1972 1973 197i 1975 1976 SOURCE: BOARO rF G V Rt l~RS OF THE FEDERAL RESERVE SYSTEM ' I A.4.1 - Industrial Production Index Components of Nondurable Materials .....() THIS CHANGE CHANGE c PERIOD LAST PER. YEAR AGO TEXTILES, PAPER ~ CHEM ICALS 139. 0 0. 3% 2 . u INDEX INDEX 1'45 , 145 135 135 125 115 115 105 105 1971 1972 1973 197'4 1975 1976 SOURCE: BOARD OF GOVERNORS OF THE FEOERALRESERVE SYSTEM 22 MARCH 1976 •The Durable Materials advance slowed in February, up 0.4 percent compared to a 1.3-percent rise in January. • Iron and Steel were the major contributors to the February rise, up 1.3 percent following a 1~2-percent gain in January. •Output of Nondurable Materials continued to expand but more moderately than in the second and third quarters of 1975, reflecting a tapering off in Textiles, Paper, and Chemicals. • Output of Fuel and Power declined 0. 5 percent in February after edging up 0. 2 percent in January. • 9.5 percent below the September 1974 peak of 129.0. A.4.1 - Industrial Production Index Selected Industrial Nations (1967=100) THI S CHRNGE CHRNGE PERI ~D LAST PER. YERR AG~ JAPAN 172.0 0.61 1.81 ~ EST GERMANY --- 144. 0 -1 . 4% 1. 5% FRANCE --- 111.0 3.61 1.11 CANADA 110.0 0.0% -1.1% UNITED KINGD~M 112. 0 -1 . 8% -3. 4% UNITED STATES 11 8. 6 0. 9% 1. 0% INDEX INDEX 210 210 [ 200 ! i 200 190L : 190 180 100 ~ i 170 I 170 160 I 160 I 150 140 130 120 120 110 110 100 L'...... ~ ~.L..d-L-L..A-&.~...... ~~~ ...... ~ ..... 100 19 71 1972 1973 1974 1975 SOURCE : RESPECT IVE COUNTRI ES ' STATISTICAL BUREAUS 22 NRftCH 1976 • Comparison of selected nations indicates that recovery in industrial production is underway in most industrial countries. • Japan: • Industrial production increased Q.6 percent in December, recover ing somewhat from November's 1.2-percent drop. •Since the 3-year low of 160.0 posted in March, output has advanced 7.5 percent. • West Germany: • In December, industrial output dropped 1.4 percent, the first decline since the turnaround began in August. • The December l eve 1 is 9.1 percent above the 3~-year low of 132.0 recorded in July. • France: • Output rose 3.6 percent in December to the highest level since November 1974. • Largest monthly gain since June when a 5.2-percent hike was posted. • U~ 7.5 percent from the May low of 134.0. • Canada: • Production was unchanged in December after posting a 1.4-percent gain in November, the sharpest increase since January 1974 when a similar rise was reported. •The November-December level is the highest since February; but remains 6.7 percent below the March 1974 peak of 150.0. •United Kingdom: • Production dropped 1.8 percent in December, almost erasing pre viously-reported gains. •December's level is only 0.9 percent above the 3~-year low of 111.0 posted in August. • United States: • As of December, industrial output had recovered 7.9 percent from the April low of 109.9. Further gains were reported for January and February. A.4.4 - Manufacturers' Shipments and Orders Durable Goods Industries THIS CHANGE PERIOD LAST PER . UNFILLED ORDERS $11 3. 2 - 0 . 9 NE\J ORDERS $44. 3 2.4% SHIPMENTS $45.3 1.7% NE\J ORDERS EXCLUD ING $33.9 0. 7% BILLIONS TRANSPORTATION - -- BI LLI ONS OF DOLLARS OF DOLLARS 150 150 HO HO 130 130 120 120 110 100 100 90 90 80 80 70 60 60 50 50 iO 40 -..,,/.... __ ,, .. 30 ,, ,. 30 ..... ______20 10 10 1971 1972 1973 1975 1976 ~URCE: BUREAU OF THE CENSUS 22 MARCH 1976 A.4.4 - Manufacturers' Shipments and New Orders Capital Goods Nondefense Industries THIS CHANGE CHANGE PERIOD LAST PER. YEAR AGl'l SHIPMENTS $11.2 2.5% 2.3% BILLil'lNS NE~ ~ROERS - $10. 5 1. 8% 3. 8% BILLIONS l'lf DOLLARS l'lF DOLLARS 15 15 13 13 11 11 9 9 7 7 5 5 1971 19n 1973 1974 1976 1976 SOURCE: BUREAU l'lF THE CENSUS 22 MARCH 1976 • New Orders for Durable Goods rose 2.4 percent ($1.03 billion) in February to $44.3 billion. • February's increase was the third in a row and the largest since a 5.7-pe~cent jump last July. • Shipments rose 1. 7 percent in February to $45.3 billion, nearly equaling the all-time high of $45.5 billion set in October 1974. • Backlog of Durable Orders fell n.9 percent to an adjusted $113.2 billion. •Unfilled Orders have shrunk in 15 of the last 16 months. • New Orders for Nondefense Capital Goods increased for the second consecutive month, up 1.8 percent. • Since July, New Orders have fluctuated between $10.1 and $10.7 billion. • Shipments rose $273 million and have been above New Orders for the past 15 months. A.4.4 - Manufacturers' Shipments and Orders Transportation Equipment Industries {; THIS CHANGE CHANGE ~ PERIOD LAST PER. YEAR AGO ~ UNFILLED ORDERS $30. 6 -1. 9 - . 3 SHIPMENTS $11.0 7 . -tl 32.5% BILLIONS NEV ORDERS - -- $10. 4 8. 4% 24 . 7% BILLIONS DF DOLLARS OF DOLLARS '40 35 30 30 25 25 20 20 15 15 10 10 5 5 0 1971 1972 1973 197-4 1975 1976 SOURCE: BUREAU OF THE CENSUS 22 MARCH 1976 • Transportation Equipment dominated the movements in February. • Shipments increased $761 million to a seasonally adjusted $11.03 billion. • New Orders jumped 8.4 percent, or $811 million. • Unfilled Orders fell 1.9 percent to $30.6 billion. •Sales and New Orders of Durable Goods Industries other than Transporta tion generally showed little or no change. A.4.8 - Manufacturing and Trade Sales THIS CHANGE CHANGE PERIC)O LAST PER. YEAR AGO TOTAL SALES $178.9 1.1% 10.5% NONDURABLE SALES $100. 8 0. 7 10. 2 BILLIONS DURABLE SALES $78.2 2. 0% 11. 1% BI LLIONS OF DOLLARS OF DOLLARS 180 180 160 160 HO HO 120 120 100 100 80 BO 60 60 iO 4'0 1971 1972 1973 197i 1975 1976 SOURCE: BUREAU OF ECONOMIC ANALYSIS 22 HRRr:H 1976 A.4.8 - Manufacturing and Trade Sales by Industry Group THIS CHANGE CHANGE PERIOD LAST PER. YEAR AGO MANUFACTURING SALES $89.3 1.9% 12.6% RETAIL SALES $51.5 -0.9% 11. 9% BI LL IONS VHOLESRLE SALES $38. 2 2. 2 i . 1 BILLIONS OF DOLLARS OF DOLLARS 00 ,00 70 70 60 60 50 50 30 30 20 20 1971 1972 1973 1974 1975 1976 SOURCE: BUREAU l'JF ECONOMIC ANALYSIS 22 MARCH 1976 • Despite a nearly 1-percent drop in Retail Sales, Total Manufacturing and Trade sales rose $1.95 billion, or 1.1 percent, to $178.9 billion. 0 Both Wholesalers and Manufacturers reported increases of approximately 2 percent. • In December, Sa 1es rose a substanti a 1 $3 .1 bi 11 ion, or 1. 8 percent. • Sales of Durable Goods continued to rise, reaching $78.2 billion, up 5.8 percent since November. ° Continuing the trend begun in 1975's fourth quarter, Nondurable Good s rose a modest 0.7 percent. A.4.8 - Manufacturing and Trade Inventories THIS CHANGE CHANGE :lo PERIOD LAST PER. YEAR AGCI TCITAL INVENTCIRIES $266.0 0.41% -1.9% OURRBLE INVENTORIES $157. 2 0. 2% - 2. 8% BILLICINS NCINOURRBLE INVENTORIES $108. 8 0. 8 -0. 5 BILLICINS CIF OCILLRRS OF OCILLARS 300 300 275 275 250 250 225 225 200 200 175 175 150 150 125 125 100 100 75 50 19 71 1972 1973 197i 1975 1976 SCIURCE : BUREAU CIF ECCINCIMIC ANALYSIS 22 HRRCH 1976 A.4.8 - Manufacturing and Trade Inventory-to-Sales Ratio THIS CHANGE CHANGE PERICJO LAST PER. YEAR AGCJ DURABLE GOODS 2.01 -2. 0% - 12. 6% TCJTAL 1. 49 -0.7% -10.8% NDNDURRBLE GDDDS 1.08 0. 0% -10. 0 RATIO RATICJ 2.6 2.6 2 . ~ 2.2 2.2 2.0 2.0 1.8 1.8 1. 6 1.6 i ... 1.4 1.2 1.2 1. 0 1.0 1971 1972 1973 1974 1975 1976 SCJURCEs BUREAU OF ECCJNCJMIC ANALYSIS 22 MARCH 1976 • Combined Business Inventories rose $1.2 billion in January to a seasonally adjusted $266.0 bi l l ion--largest increase since last October's $1.8 billion increase . 0 Durable Goods rose $300 million, or 0.2 percent. •Nondurable Goods up $900 million--an 0.8-percent increase. • A 2.0-percent drop in Stock-to-Sales ratio for Durable Goods brought the combined business Stock-to-Sales ratio down 0.7 percent--from 1. 50 for December to 1.49 for January. A.4.8 - Manufacturing and Trade Inventories by Industry Group ,<.foRb THI S CHANGE CHANGE · q <',...... IS) PERI OO LAST PER. YEAR AGO : :o \.., MANUFACTURING INVENTORIES $H6.8 0.1% -3. 2% " ._____, RETAIL INVENTORIES $73.6 0 .7% 0.4% BILLIONS VHOLESALE INVENTORIES $'45. 6 1.1% -1.3 BI LL IONS OF DOLLARS OF DOLLARS 160 160 I HO I H O I 120 120 100 I 100 80 60 40 20 20 1971 1972 1973 19 74 1975 1976 SCJURCE i BUREAU OF ECONOMIC ANRLYSIS 22 MARCH 1976 A.4.8 - Inventory-to-Sales Ratio by Industry Group THIS CHANGE CHANGE PERICJO LAST PER. YEAR ~ MANUFACTURING 1.6-t -1.8% -H.U: RETAIL TRADE 1. 43 1. 4% -10. 1% VHCJLESALE TRADE 0 1. 19 -1. 6% -5. 6% RATIO RATI O 2.0 2.0 1.9 1.9 l.B 1.8 1.7 1.7 1.6 1.6 1.5 1.5 t.i l.i 1.J l.J 1.2 1.2 1.1 1.1 1.0 1.0 1971 1972 1973 197• 1975 1976 SCJURCE: BUREAU CJF ECCJNCJMIC ANALYSIS 22 MARCH 1976 • All sectors of business posted stock increases in January. • Retail inventories increased by $529 million following a 2-month decline of $1.56 billion. • Who1esa1ers ' posted a $506 mi11ion increase-- the first since October 1975 . • Manufacturers' inventories increased a slight $106 million, con tinuing a 5-month pattern of little change . • The Inventory-to-Sales ratio continued to trend downward in both Whole sale Trade and Manufacturing. •The Retail Trade ratio rose 1.4 percent after a 2-month decline. A.6.1 - Consumer Price Index ( 1967=100) THIS <",... CHANGE CHANGE ~ ::0 PERI CJD LAST PER. YEAR AGl'J r· .:z.. SERVICES ~ .: 176.0 0.7% 8.4% ALL ITEMS 167.3 0.1% 6.4% ALL Cl'JMMl'JOITIES 162. 7 - 0. 2 5. 2 COMMODITIES LESS FOOD --- 153.5 0.3% 5.4% INDEX INDEX 180 180 170 170 160 160 I 150 150 .I I / HO I HO I I I I I 130 I I 120 120 110 110 19 71 1972 1973 1974 1975 1976 SCJURCE: BUREAU CJF LABCJR STATISTICS 22 MARCH 1976 • The Consumer Price Index for All Items edged up 0.1 percent in February; the smallest inc.rease since September 1971, shortly after90-daywage price controls were enacted. • A 1.0-percent drop in Food prices, the largest 1-month decline in 20 years, coupled with the slower rise in Services were the major factors limiting the increase. • Up 6.4 percent from February 1975, the smallest increase for any 12-month period since 1973. • Reflecting the drop in Food prices, the All Commodities Index posted the first decline since January 1967, down 0.2 percent. • ·Commodities Less Food rose 0.3 percent, continuing the moderate pace of the previous 5 months. • Services slowed somewhat from the 1.1-percent hike posted in January, increasing 0.7 percent. • Increases in auto insurance, utilities, and medic~re costs accounted for the February rise. A.6.1 - Consumer Price Index Components of Food THIS · · CHANGE CHANGE PERICJD LAST PER. YEAR AGCJ FCJCJO AYAY FRCJM HCJME 182. 4 0. 8% 6. 7% FDCJD AT HCJME ~ 178.6 -1 .5% 4. 4% INDEX INDEX 200 200 180 180 160 160 110 110 120 100 100 1971 1972 1973 1971 1975 1976 Components of Food THIS CHANGE CHANGE PERI CJD LAST PER. YEAR AGCJ BEEF AND VEAL 168.8 -5.9% 7.5% FRUITS AND VEGETABLES 171.2 -1.7% 3.8% INDEX INDEX 190 190 180 180 170 170 160 160 150 150 110 140 130 130 120 120 110 110 1971 1972 1973 1974 1975 1976 SCJURCE: BUREAU CJF LABCJR STATISTICS 22 MARCH 1976 A.6.1 - Consumer Price Index Health and Recreation ( 1967=100.) . THI S CHANGE CHANGE PERIDD LAST PER. YEAR AGD MEDICAL CARE SERVICES 190.4 1.1% 10. 1% PHYSICIANS' FEES 182.-t 1.1% 11. 6% HEALTH RECREATIDN 159.7 0.7% 6.3% INDEX INDEX 190 190 ! 170 170 150 150 130 130 110 110 1971 1972 1973 197i 19 75 1976 SDURCE: BUREAU Df LABDR STATISTICS 22 MARCH 1976 • .Grocery Store prices (Food at Home), which account for t he major portion of the total Food index, fel1 1.5 percent in February, the sharpest decline since 1952. • While a steep 5.9-percent drop in Beef prices accounte~ for much of the decline, most of the other Food components~ fell. • Fruits and Vegetables declined for the second mont h in a row, down 1.7 percent. l • The .Q.8-percent rise in prices of restaurant meals and snacks (Food Away From Home) partially offset the -decline in Grocery Store Foods . • Medical Care Services continued to push up Health and Recreation costs. • Reflecting, in part, a 1. 1-percent rise in Physicians ' Fees, Medical Care Services rose 1.1 percent; abo ut the same as .in December and January and an annual rate of increase uf 14 percent. A.6.1 - Consumer Price Index . Components of Housing THIS CHANGE CHANGE PERI~D LAST PER. YEAR AG~ H~USEH~LD SERVICES 194. 2 0. 6% 7. 8% LESS RENT RENT 142.0 0.6% 5.2% GAS ~ ELECTRICITY 180.5 1.1% 11 . 8% INDEX INDEX 200 200 180 180 160 160 110 110 120 120 100 100 1971 1972 1973 1971 1975 1976 Components of Housing THIS CHANGE CHANGE PERl"O LAST PER. YEAR ~ FUEL OIL &. COAL 2i2. 6 -0.6% 8. 6% H~USEH~LD DURABLES 144.7 0.7% 4. 9% INDEX INDEX 250 250 225 225 200 200 175 175 150 150 125 125 100 100 1971 1972 1973 1971 1975 1976 SOffief: BUREFl.J Of LAOOR STATISTICS 22 MARCH 1976 A.6.1 - Consumer Price Index Components of Transportation THIS CHANGE CHANGE PERIOD LAST PER. YEAR AGO TRANSPORTATION SERVICES 168. 9 1. 3% 11.7% USED CARS 151.l 2.7% 8.5% GASOLINE ~ mL 173. 6 -1 . 5% 8. 1% INDEX INDEX 200 200 180 lBO 160 160 1'40 110 120 120 100 100 1971 1972 1973 1974 1975 1976 SOURCE: BUREAU OF LABOR STATISTICS 22 MARCH 1976 • Among the major Housing costs: ~ ~ • Household Services Less Rent rose more slowly in February, up 0.6 percent compared to a 1.0-percent rise in January. • Rates for Gas and Electricity rose 1.1 percent after declining in January. • Rent rose 0.6 percent, more than in recent months . • Fuel Oil and Coal moved down for the fourth month in_a row, declining a further 0.6 percent in February; but prices for Household Durables rose 0.7 percent compared to a 0.3-percent rise in January. •Transportation costs were up 0.9 percent, as: • Transportation Services posted another sharp advance in F~bruary, reflecting a steep rise in auto insurance charges. • Used Car prices also rose sharply following a modest 0.4-percent rise in January. • Ga soline and Oi l prices declined 1.5 percent in February, about the same as reported in January. A.7.1 - Privately-Owned Housing Units Started Annual Rates THIS CHANGE CHANGE PERIOD LAST PER. YEAR AGO TOTAL UNITS STARTED 1,555 27.0% 63.2% SJNGLE -FAMILY UNJTS 1,303 37.2% 80.5% UNITS IN MULT IFAMILY 252 -8. 0% . 1% THOUSANDS STRUCTURES THOUSANDS OF UNITS CJF UNITS 2500 2500 2250 2250 1750 1750 1500 1500 1250 1250 lCXXl lCXXl 750 750 500 500 250 250 0 0 1971 1972 1973 197i 1975 1976 SOURCE: BUREAU OF THE CENSUS 22 MARCH 1976 A.7.1 Privately-Owned Housing Units Started By Region .. THIS CHANGE CHANGE PERIDD LAST PER. YEAR AGO NCJRTH CENTRAL 414 81 . 6% 99. 0% THDUSANDS NDRTHEAST 189 71.8% -5.5% THOUSANDS CF UNITS OF UNITS 700 700 500 500 200 100 100 I 0 0 1971 1972 1973 1971 1975 1976 SCJURCE: BUREAU DF THE CENSUS 22 MARCH 1976 • Reversing a 3-mo nth decline, Privately-Owned Housing Starts surged upward a record 27 p~rc e nt td 1,555,000 units, the most starts for any 1J10 nth si nce April 1974. o All of the increase resulted from a 37-percent jump--:irl Starts of Singl~-Family houses to a l,303,000-unit pace . • The highest monthly rate for Single-Family houses in over 3 years . 1 • Units in Multi-Family Structures continued to decline , droppi ng 8.0 percent last month and 25 . 4 percent since last October . • The North Ce ntral and Northeast reg ions accounted for 80.l percent of t he i ncrease i n To tal Housi ng Starts . A.7 .1 - Building Permits Issued for Privately-Owned Housing Units· in 14,000 Permit-l~suing Places Annual Rates THIS CHANGE CHANGE PERICO LAST PER. YEAR AGO TOTAL UNITS AUTHORIZED 1,127 0. 6% 60. 8% SINGLE-FAMILY UNITS 860 3.9% 67.0% UNITS IN MULTIFAMILY 267 -8.6% 43.5% THCIUSANDS STRUCTURES THCIUSANDS CJF UNITS CIF UNITS 2500 .2500 2250 2250 2000 I 1750 I 1750 1500 1500 1250 1250 1000 1000 750 750 500 500 250 0 0 1971 1972 1973 197-t 1975 1976 SeJURCE: BUREAU CIF THE CENSUS 22 MARCH 1976 A.7.1 - Building Permits Issued for Privately-Owned Housing Units in 14,000 Permit-Issuing Places By Region THIS CHANGE CHANGE PERIOD LAST PER. YEAR AGO VEST 339. -15.3% 57.7% THOUSANDS NORTH CENTRAL 277. 14.0% 73.1% THOUSANO S OF UNITS OF UNITS 650 650 600 600 550 550 500 500 450 350 300 300 250 250 200 200 150 19 71 1972 1973 1974 1975 1976 SOURCE: BUREAU OF THE CENSUS 22 MARCH 1976 • Total Authorizations recorded a slight increase of 0.6 percent over January's downward-revised figure, rising toa level ofl,127,000 units. • A 60.8-percent improv~mp~~ over the depressed level registered last February. •An increase of 3.9 percent in Single-Family Units was nearly offset by an 8.6-percent decline in permits authorized for units in Multiunit Structures. •Regionally, the North Central showed a 14.0-percent rise with the South and Northeast registering more modest increases. • Permits issued in the West declined 15.3 percent below January' s downward-revised figure of 400,000, almost nullifying the increases reported in the three other regions.