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Bulletin No. 1616

D*yton & Montgomery Co*

Public Library

J U U 81969 

DOCUMENT COLLEGTJOM

SUMMARY OF MANUFACTURING

PRODUCTION WORKERS

EARNINGS SERIES, I939-68

M ay 1969

UNITED STATES DEPARTMENT OF LABOR

BUREAU OF LABOR STATISTICS

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Federal Reserve Bank of St. Louis
Bulletin No. 1616

SUMMARY OF MANUFACTURING

PRODUCTION WORKERS

EARNINGS SERIES, 1939-68

May 1969

UNITED STATES DEPARTMENT OF LABOR / George P. Shultz. Secretary

BUREAU OF LABOR STATISTICS / Geoffrey H. Moore, Commissioner

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Federal Reserve Bank of St. Louis
Preface

This summary presents in tabular form selected trends in 

earnings and hours of production workers in manufacturing. On 

tables 5 and 6 the Consumer Price Index is shown. This bulletin 

includes one series—hourly earnings excluding premium pay for 

overtime and the effect of interindustry employment shifts—that 

is not published elsewhere by the Bureau. Supplements will be 

issued semiannually.

The series was first published in 1953; its format was changed 

in 1962. This issue of the summary differs from its predecessors 

in two important respects: (1) Beginning January 1959, separate 

data is added for the durable and nondurable goods sectors to those 

for all manufacturing, and (2) the weighting system was revised 

for the index of average hourly earnings excluding the effects of 

overtime and the effects of interindustry employment shifts. The 

new procedure, described in appendix A, has resulted in small 

changes in the index for a few months; generally, the changes 

are not more than 1-index point. In addition, this issue of the 

summary provides monthly data for all manufacturing beginning with 

January 1947; previous editions provided such data only for the 

months since January 1959. The added months have been provided 

to facilitate the analysis of trends during the post-World War II 

period.

This bulletin was prepared in the Bureau’ s Division of Trends 

in Employee Compensation by H. Charles Spring.

iii

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Federal Reserve Bank of St. Louis
Contents

Page

Summary______________________________________________________________________________________ 1

Tables:

1. Average hourly earnings and weekly hours of production workers in manufacturing

industries, selected periods, 1941—68-------------------------------------------------------------------------- 2

2. Average hourly earnings and weekly hours of production workers in durable and

nondurable goods manufacturing industries, selected periods, 1959—68 ------------------------ 5

3. Average hourly earnings and weekly hours of production workers in manufacturing

industries, annual averages, 1939—68_________________________________________________ 8

4. Average hourly earnings and weekly hours of production workers in durable and

nondurable goods manufacturing industries, annual averages, 1939—68-------------------------- 8

5. Average weekly earnings of production workers in manufacturing industries and

the Consumer Price Index, selected periods, 1941—68________________________________ 9

6. Average weekly earnings of production workers in manufacturing industries and

the Consumer Price Index, annual averages, 1939—68--------------------------------------------------- 12

Appendixes:

A. Scope and method of index construction---------------------------------------------------------------------------- 13

B. Industry weights used in constructing the index of average hourly earnings excluding

the effect of overtime and interindustry employment shifts for the period

beginning January 1959----------------------------------------------------------------------------------------------- 15

v

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Federal Reserve Bank of St. Louis
Summary of Manufacturing Production Workers 

Earnings Series, 1939—68

Summary

Hourly earnings have increased in each year 

since 1939, although the rate of advance has been 

influenced by factors such as the imposition and 

relaxation of wage-price controls, changes in the 

rate of unemployment, the rate of increase in productivity, and the rate of change in prices paid by 

consumers. Except in a few months, average hourly 

earnings excluding premium pay for overtime have 

increased faster than the Consumer Price Index.

From 1939 to about 1958, earnings in manufacturing excluding the effects of premium pay for 

overtime and shifts in employment among industries 

rose at an annual rate of about 5.7 percent; in only 

a few years did the rate fall below 5 percent. From 

about 1958 to 1966, the rise in earnings slackened— 

it amounted to about 3 percent or less a year. In 

each of the 3 years from 1966 to 1968, the rate of 

increase accelerated substantially; it advanced by 

3.9 percent in 1966, 5.2 percent in 1967, and 6.5 

percent in 1968.

Separate indexes of changes in average hourly 

earnings excluding premium pay for overtime and 

the effects of interindustry employment shifts for 

durable and nondurable goods industries are available only since 1959. After this time hourly earnings 

in the nondurable goods industries have risen 

slightly faster than in the durable goods industries. 

(Data on gross hourly earnings for earlier years 

indicate that during the 1940’ s earnings in the nondurable goods industries also increased more rapidly 

than in durable goods manufacturing but that during 

the decade of the 1950’ s pay in nondurable goods industries lagged.)

Because a substantial portion of the employment 

in the nondurable goods sector is concentrated in the 

textile and apparel industries,1 earnings trends in 

these groups greatly affect the nondurable goods 

index. Since 1963, nonunionized workers, who account for the vast majority of those in the textile industry, have received increases about every 9 or 

10 months and the changes for unionized workers

also have become more frequent. Earnings of apparel workers also have increased more rapidly 

since 1965 than in earlier years.

Changes in average hourly earnings in the durable goods sector are influenced appreciably by 

developments in the automobile and basic steel industries. This influence is illustrated by behavior 

of the earnings series in August, September, or 

October of most recent years. Annual improvementfactor wage increases, frequently combined with 

cost-of-living escalator adjustments, normally go 

into effect in the fall. Wage increases put into effect 

under basic steel contracts were reflected in the 

advance in durable goods average hourly earnings 

in September 1966. In some years strikes at the time 

of new contract negotiations have affected earnings. 

The September 1964 automobile industry strike and 

the August 1965 basic steel strike reduced average 

hourly earnings.

The following tabulates separately for the years 

since 1959 the percentage increase in earnings excluding the effects of premium pay for overtime and 

interindustry employment shifts in durable and nondurable goods industries; indexes excluding the 

effects of interindustry employment shifts and premium pay for overtime for these two major manufacturing components are not available for earlier 

years.

All

manu­ Durable Nondurable

Year facturing goods goods

1959 - - - 2.9 NA NA

1960 - -- 3. 2 3.2 3.2

1961 — 2. 8 2.5 3. 1

1962 — 2.2 2.3 2. 2

1963 — - 2.6 3.2

1964 — 1.8 2.6

1965 — 3.0 2.9 3.1

1966 — 3.9 4.0 3.9

1967 — 5.2 4.8 5.6

1968 — 6.6 6.8 6.5

1 Apparel and textile employment accounts for 35. 4 percent of all nondurable goods employment. See appendixes A and B.

1

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Table 1. Average Hourly Earnings and Weekly Hours of Production W orkers in Manufacturing Industries, Selected Periods, 1941—68 

___________________________ _____________ __________________ (Indexes, 1957-59 - 100)____________________________________________________

10

Period

Average hourly earnings

Average

weekly

hours P eriod

Average hourly earnings

G ross Excluding

overtime

Excluding the 

effects of 

overtime and 

interindustry 

employment 

shifts

G ross Excluding

overtim e

Excluding the 

effects of 

overtim e and 

interindustry 

employment 

shifts

Average

weekly

hours

Amount Index Amount Index Index Total Amount Index Amount Index Index Total

1941: 1950:

January $0. 676 31. 9 $0. 654 31.9 32. 8 39. 0 January________ $ 1. 395 65. 8 $1. 36 66. 3 66. 7 39. 7

A p**i 1 . 696 32. 8 . 669 32. 6 33. 4 40. 1 F e b r u a r y 1. 398 65. 9 1. 36 66. 3 67. 0 39. 7

1942: M arch _ — __ 1.401 66. 1 1. 36 66. 3 67. 0 39. 7

A p-ri 1 . 817 38. 5 . 765 37. 3 37. 5 42. 7 A p r i l 1.410 66. 5 1. 37 66. 8 67. 2 39. 7

O ctober________ . 888 41. 9 . 826 40. 3 39.5 43. 7 1.418 66. 9 1. 37 66. 8 67. 3 39. 9

1943: J u n e ____________ 1.428 67.4 1. 38 67. 3 67. 5 40.4

A pr*1 . 940 44. 3 . 865 42. 2 40. 8 45. 1 J u ly 1. 435 67. 7 1. 39 67. 8 68. 0 40. 5

1944: August ---- 1.438 67. 8 1. 38 67. 3 68. 0 41. 1

A pril ____ ___ 1.006 47. 5 . 928 45. 3 43. 7 45. 0 S ep tem ber_____ 1.453 68. 5 1.40 68. 3 68. 8 40. 9

1945: O c t o b e r ________ 1.474 69. 5 1. 42 69. 3 69. 5 41. 2

January________ 1. 037 48. 9 . 955 46. 6 45. 3 45. 4 N ovem ber______ 1.488 70. 2 1.43 69. 8 70. 2 41. 1

A pril 1. 035 48. 8 . 956 46. 6 45. 5 45. 2 D ecem b er______ 1. 517 71. 6 1.45 70. 7 71. 1 41. 4

Septem ber_____ . 975 46. 0 . 932 45. 5 46.4 41. 3 1951:

1946: January________ 1. 53 72. 2 1. 47 71. 7 71. 8 40. 9

Febru ary______ . 989 46. 7 .953 46. 5 48. 3 40. 4 February ______ 1. 53 72. 2 1.48 72. 2 72. 2 40. 8

A p r il----------------- 1. 046 49. 3 1. 008 49. 2 50.4 40. 4 M a r c h -------------- 1. 54 72. 6 1.48 72. 2 72. 3 41. 0

T n ly 1. 081 51. 0 1. 048 51. 1 52.4 39. 6 A p r i 1 1. 55 73. 1 1. 49 72. 7 72. 6 40. 8

1947: ' May _ ______ __ 1. 56 73. 6 1. 50 73. 2 73. 0 40. 6

January________ 1. 156 54. 5 1. 12 54. 6 54. 8 40. 6 J u n e ___________ 1. 57 74. 1 1. 51 73. 7 73. 6 40. 7

F ebru ary. ~ 1. 166 55. 0 1. 13 55. 1 55.4 40.4 Ju ly_____________ 1. 57 74. 1 1. 51 73. 7 74. 0 40. 2

M arch__________ 1. 176 55. 5 1. 14 55. 6 55. 8 40. 4 August -_ ____ 1. 56 73. 6 1. 51 73. 7 74. 0 40. 3

A p r il----------------- 1. 183 55. 8 1. 15 56. 1 56. 1 40. 1 S ep tem ber_____ 1. 58 74. 5 1. 52 74. 1 74. 5 40. 6

May ___ 1. 204 56. 8 1. 17 57. 1 57. 1 40. 2 O ctober________ 1. 58 74. 5 1. 53 74. 6 74. 6 40. 4

J u n e ____________ 1. 223 57. 7 1. 18 57. 6 57.9 40. 3 N ovem ber______ 1. 60 75. 5 1. 54 75. 1 75. 1 40. 4

July .. 1. 228 57. 9 1. 19 58. 0 58. 7 39. 9 D ecem b er______ 1. 61 75. 9 1. 54 75. 1 75. 2 41. 1

August ___ . 1. 233 58. 2 1. 20 58. 5 59. 1 39. 9 1952:

S eptem ber_____ 1. 245 58. 7 1. 20 58. 5 59.4 40. 4 January------------- 1. 61 75. 9 1. 55 75. 6 75. 5 40. 7

O c t n b p r ...... ............. . 1. 252 59. 1 1. 21 59. 0 59. 5 40. 6 F e b r u a r y - 1. 62 76. 4 1. 56 76. 1 75. 9 40. 7

N ovem ber______ 1. 263 59. 6 1. 22 59. 5 60. 0 40. 5 M a rch __________ 1. 63 76. 9 1. 57 76. 6 76.4 40. 6

D ecem ber______ 1. 274 60. 1 1. 22 59.5 60. 0 41. 2 A p ril ___ ___ 1. 63 76. 9 1. 58 77. 1 76. 7 39. 7

1948: M a y ______ _____ 1. 63 76. 9 1. 58 77. 1 76. 6 40. 1

January------------- 1. 282 60. 5 1. 24 60. 5 60. 7 40. 5 June - 1. 63 76. 9 1. 57 76. 6 76.9 40. 5

February _ — — 1. 288 60. 8 1. 25 61. 0 61. 2 40. 2 July ____ 1. 62 76.4 1. 57 76. 6 77. 3 39. 8

M arch - 1. 291 60. 9 1. 25 61. 0 61. 2 40. 3 A u g u st_________ 1. 64 77.4 1. 59 77. 6 77. 8 40. 5

A p r il_________ 1. 293 61. 0 1. 25 61. 5 61.4 40. 0 Septem ber______ 1. 67 78. 8 1. 60 78. 0 78. 3 41. 2

M a y 1. 303 61. 5 1. 27 62. 0 62. 0 39. 9 O c t o b e r 1. 68 79. 2 1. 61 78. 5 78. 5 41. 3

1. 318 62. 2 1. 28 62.4 62. 7 40. 1 N ovem ber______ 1. 69 79. 7 1. 62 79. 0 79. 1 41. 1

July 1. 333 62. 9 1. 30 63.4 63. 7 39. 7 D ecem b er______ 1. 70 80. 2 1. 63 79. 5 79. 2 41. 6

August — _ _ 1. 350 63. 7 1. 31 63.9 64.4 40. 1 1953:

Septem ber_____ 1. 361 64. 2 1. 32 64.4 65. 2 39. 8 January________ 1. 71 80. 7 1. 65 80. 5 79. 9 41. 0

O ctober________ 1. 366 64.4 1. 32 64.4 65. 1 40. 0 F ebruary_______ 1. 72 81. 1 1. 66 81. 0 80. 3 40. 9

N ovem ber______ 1. 374 64. 8 1. 33 64. 9 65. 3 39. 8 M arch_______ __ 1. 73 81. 6 1. 66 81. 0 80. 5 41. 1

D ecem ber --------- 1. 377 65. 0 1. 34 65.4 65. 3 40. 0 A p r i l ___________ 1. 73 81. 6 1. 67 81. 5 80. 7 40. 7

1949: M ay_____________ 1. 73 81. 6 1. 67 81. 5 80. 9 40. 6

January------------- 1. 382 65. 2 1. 35 65. 9 65. 7 39.4 J u n e -------- __ „ 1. 74 82. 1 1. 68 82. 0 81. 3 40. 7

F ebru ary----------- 1. 379 65. 0 1. 34 65.4 65. 7 39. 4 July ____________ 1. 75 82. 5 1. 69 82.4 81. 9 40. 3

M arch- ____ 1. 378 65. 0 1. 35 65. 9 65. 8 39. 0 A u g u st-------------- 1. 74 82. 1 1. 68 82. 0 81. 9 40. 5

A pril ——----------- 1. 378 65. 0 1. 35 65. 9 66. 0 38. 3 Septem ber______ 1. 76 83. 0 1. 71 83.4 83. 1 39. 9

M a y 1. 377 65. 0 1. 35 65. 9 66. 0 38. 5 O c t o b e r 1. 76 83. 0 1. 70 82. 9 82. 7 40. 3

1. 380 65. 1 1. 35 65.9 66. 2 38. 8 N ovem ber______ 1. 76 83. 0 1. 71 83.4 83. 1 39. 9

July ___ 1. 383 65. 2 1. 35 65. 9 66.4 38. 8 D ecem b er______ 1. 77 83. 5 1. 71 83.4 83. 2 40. 1

August 1. 373 64. 8 1. 34 65.4 66.2 39. 1 1954:

Septem ber_____ 1. 382 65. 2 1. 34 65.4 66. 3 39. 6 January________ 1. 78 84. 0 1. 73 84.4 83. 7 39. 4

O ctober________ 1. 366 64.4 1. 33 64. 9 66.0 39. 7 F ebruary_______ 1. 77 83. 5 1. 72 83. 9 83. 7 39. 6

N ovem ber--------- 1. 367 64. 5 1. 33 64. 9 66. 2 39. 1 M arch__________ 1. 77 83. 5 1. 72 83. 9 83. 8 39. 4

D ecem ber______ 1. 384 65. 3 1. 35 65.9 66.4 39. 8 1. 77 83. 5 1. 73 84.4 83. 9 39. 0

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Table 1. Average Hourly Earnings and Weekly Hours of Production W orkers in Manufacturing Industries, Selected P eriods, 1941—68— Continued

Indexes, 1957—59 = 100)

Period

Aver age hourly earnings

Average

weekly

hours Period

Average hourly earnings

Average

weekly

G ross hours Excluding

overtim e

Excluding the 

effects of 

overtim e and 

interindustry 

employment 

shifts

G ross Excluding

overtim e

Excluding the 

effects of 

overtim e and 

interindustry 

employment 

shifts

Amount Index Amount Index Index Total Amount Index Amount Index Index Total O vertim e1

19 54— C ontinue d 1959:

May $ 1. 78 84. 0 $1. 73 84.4 84. 2 39. 3 January________ $2. 17 102.4 $2. 11 102. 5 102. 3 39. 9 2. 3

1. 78 84. 0 1. 73 84.4 84. 2 39. 5 F e b r u a r y 2. 17 102. 4 2. 11 102. 7 102. 5 39. 9 2. 4

July - 1. 77 83. 5 1. 73 84.4 84. 2 39.4 M a rch __________ 2. 19 103. 3 2. 12 103. 3 102. 8 40. 2 2. 6

August 1. 76 83. 0 1. 72 83. 9 84. 1 39. 7 A p r i l ___________ 2. 20 103. 8 2. 13 103. 6 103. 0 40. 3 2. 6

S ep tem ber -------- 1. 78 84. 0 1. 73 84.4 85. 0 39. 7 May _ 2. 20 103. 8 2. 13 103. 8 103. 1 40. 5 2. 8

O ctober_________ 1. 78 84. 0 1. 73 84.4 85. 0 39. 8 J u n e ____ 2. 21 104. 2 2. 13 103. 8 103. 3 40. 7 2. 9

N ovem ber______ 1. 80 84. 9 1. 74 84. 9 85. 1 40. 2 Ju ly..................... 2. 21 104. 2 2. 13 103. 8 103. 5 40. 2 2. 8

D ecem b er______ 1. 81 85.4 1. 75 85.4 85. 0 40. 5 A u g u st_________ 2. 16 101. 9 2. 09 101. 6 103.4 40. 5 3. 0

1955: Septem ber______ 2. 19 103. 3 2. 11 102. 7 104. 1 40. 3 3. 0

January-------- -_ 1. 82 85. 8 1. 76 85. 9 85.4 40. 2 O ctob er________ 2. 18 102. 8 2. 11 102. 7 104. 0 40. 2 2. 8

F ebru ary_______ 1. 82 85. 8 1. 76 85. 9 85. 6 40. 4 N ovem ber______ 2. 20 103. 8 2. 13 103. 7 104. 2 39. 9 2. 6

M arch - „ ____ 1. 82 85. 8 1. 76 85. 9 85.4 40. 6 D ecem b er______ 2. 24 105. 7 2. 17 105.4 105. 1 40. 5 2. 7

A p ril __ __ __ 1. 84 86. 8 1. 77 86. 3 85. 9 40. 2 I960:

May ___ __ __ 1. 85 87. 3 1. 78 86. 8 86. 1 40. 7 January________ 2. 26 106. 6 2. 19 106. 5 105.4 40. 3 2. 8

J u n e ------------------ 1. 84 86. 5 1. 78 86. 8 86. 4 40. 6 F eb ru ary_______ 2. 26 106. 6 2. 19 106. 5 105. 7 39. 8 2. 6

J u l y ____________ 1. 86 87. 7 1. 80 87. 8 87. 1 40. 4 M arch__________ 2. 26 106. 6 2. 19 106. 8 106. 0 39. 7 2. 5

A u g u st_________ 1. 85 87. 3 1. 79 87. 3 87. 2 40. 6 A p r i l___ -______ 2. 25 106. 1 2. 19 106. 7 106. 2 39. 4 2. 2

S ep tem ber_____ 1. 88 88. 7 1. 81 88. 3 87. 9 40. 9 M ay_____________ 2. 26 106. 6 2. 19 106. 6 106. 3 40. 0 2. 5

O ctob er________ 1. 88 88. 7 1. 81 88. 3 88. 2 41. 1 June ____________ 2. 26 106. 6 2. 19 106. 7 106. 6 40. 1 2. 5

N ovem ber______ 1. 90 89. 6 1. 83 89. 3 88. 5 41. 2 July ___________ 2. 26 106. 6 2. 19 106. 8 106. 9 39. 9 2. 4

D ecem b er______ 1. 90 89. 6 1. 83 89. 3 88. 5 41. 3 August__________ 2. 25 106. 1 2. 18 106. 0 106. 9 39. 8 2. 5

1956: Septem ber______ 2. 27 107. 1 2. 20 107. 0 107. 6 39. 6 2. 5

January________ 1. 91 90. 1 1. 84 89. 8 89. 2 40. 6 O ctob er________ 2. 27 107. 1 2. 20 107. 1 107. 5 39. 7 2. 5

F eb ru ary_______ 1. 90 89. 6 1. 84 89. 8 89. 3 40. 4 N ovem ber --------- 2. 27 107. 1 2. 21 107. 5 107. 8 39. 3 2. 2

M arch__________ 1. 92 90. 6 1. 86 90. 7 90. 1 40. 3 D ecem b er______ 2. 29 108. 0 2. 23 108. 6 108. 5 38. 6 2. 1

A p r i l ___________ 1. 94 91. 5 1. 87 91. 2 90. 7 40. 3 1961:

May - __ _ __ 1. 94 91. 5 1. 88 91.7 90. 9 40. 0 January________ 2. 29 108. 0 2. 23 108. 8 108. 8 38. 9 1. 9

J u n e ____________ 1. 95 92. 0 1. 89 92. 2 91. 4 40. 1 F ebru ary_______ 2. 28 107. 5 2. 23 108. 6 108. 8 39. 0 1. 9

July .............. 1. 94 91. 5 1. 88 91. 7 91. 5 40. 1 M arch __________ 2. 29 108. 0 2. 23 108. 8 109. 1 39. 1 2. 0

A u gu st_________ 1. 95 92. 0 1. 89 92. 2 91. 9 40. 2 A p r i l ___________ 2. 30 108. 5 2. 25 109. 3 109.4 39. 3 2. 1

S ep tem ber_____ 1. 98 93.4 1. 91 93. 2 92. 7 40. 7 May ______ 2. 31 1 0 9 .0 2. 25 109. 7 109. 6 39. 7 2. 2

O ctober ________ 1. 99 93. 9 1. 92 93. 7 93. 1 40. 7 June ____________ 2. 32 109.4 2. 25 109. 5 109. 6 40. 1 2. 4

N ovem ber--------- 2. 00 94. 3 1. 93 94. 1 93. 6 40. 5 Ju ly..................... 2. 32 109. 4 2. 25 109. 8 109. 9 40. 0 2. 5

D ecem b er --------- 2. 02 95. 3 1. 95 95. 1 94. 0 41. 0 August __ ____ 2. 31 1 0 9 .0 2. 24 108. 8 109. 8 40. 2 2. 6

1957: Septem ber______ 2. 32 109.4 2. 25 109.4 110. 1 39. 8 2. 8

January________ 2. 02 95. 3 1. 96 95. 6 94. 3 40. 2 O ctob er________ 2. 34 110.4 2. 26 110. 0 110. 7 40.4 2. 8

F eb ru ary_______ 2. 02 95. 3 1.96 95. 6 94. 6 40. 2 N ovem ber______ 2. 36 111. 3 2. 28 110. 8 111.1 40. 6 2. 9

M a r c h _________ 2. 03 95. 8 1. 97 96. 1 95. 0 40. 1 D ecem b er______ 2. 37 111.8 2. 29 111. 6 111.5 40. 6 2. 9

A p ril , , , , 2. 03 95. 8 1. 97 96. 1 95. 2 39. 8 1962:

\yfay 2. 03 95. 8 1. 98 96. 6 95. 5 39. 7 January- ______ 2. 38 112. 3 2. 31 112. 3 111. 9 39. 7 2. 6

June _ ____ 2. 04 96. 2 1. 98 96. 6 96. 0 40. 0 F eb ru ary----------- 2. 37 111. 8 2. 30 112. 1 111. 8 40. 0 2. 5

Tilly 2. 05 96. 7 1. 99 97. 1 96. 3 39. 8 M a r c h 2. 38 112. 3 2. 30 112. 1 112. 0 40. 3 2. 6

August ___ ___ 2. 04 96. 2 1. 98 96. 6 96. 7 40. 0 2. 39 112. 7 2. 31 112. 5 112. 3 40.4 2. 7

S ep tem ber_____ 2. 06 97. 2 1. 99 97. 1 97. 0 39. 9 May — ___ ____ 2. 32 112. 7 2. 31 112. 3 112. 3 40. 5 2. 8

O r tn h fir 2. 06 97. 2 2. 01 98. 0 97. 5 39. 5 J u n e __ 2. 39 112. 7 2. 30 112. 1 112.4 40. 7 2. 9

N ovem ber______ 2. 08 98. 1 2. 02 98. 5 98. 0 39. 3 J u ly_____________ 2. 38 112. 3 2. 30 112. 2 112. 6 40. 5 2. 8

D ecem b er______ 2. 08 98. 1 2. 03 99.0 98. 3 39. 4 A u g u st_________ 2. 37 111.8 2. 29 111. 5 112. 6 40.4 2. 8

1958: Septem ber--------- 2. 39 112. 7 2. 31 112.4 113. 2 40. 7 3. 0

January________ 2. 08 98. 1 2. 04 99.5 98. 8 38. 6 O ctob er________ 2.40 113. 2 2. 31 112. 7 113. 3 40. 3 2. 8

F eb ru ary_______ 2. 08 98. 1 2. 03 99.0 99. 0 38. 4 N ovem ber______ 2.41 113. 7 2. 33 113.4 113. 6 40.4 2. 9

M arch - . — 2. 08 98. 1 2. 04 99.5 99. 3 38. 5 D ecem b er______ 2. 43 114. 6 2. 34 114. 1 114. 0 40. 5 2. 9

A p ril __ 2. 09 98. 6 2. 04 99.5 99. 5 38. 3 1963:

May — ____ — 2. 09 98. 6 2. 05 100.0 99. 8 38. 6 January________ 2.43 114. 6 2. 35 114. 6 114. 3 40. 1 2. 5

June - 2. 10 99. 1 2. 05 100. 0 100. 0 39. 2 February ______ 2.43 114. 6 2. 36 114. 7 114. 5 40. 0 2. 5

July —_________ _ 2. 10 99. 1 2. 05 100. 0 100. 5 39. 2 M arch__________ 2.44 115. 1 2. 36 114. 9 114. 8 40. 2 2. 6

August — 2. 10 99. 1 2. 04 99.5 100. 3 39. 6 A p r i l ___________ 2.44 115. 1 2. 37 115. 5 115. 0 39. 9 2. 4

S ep tem ber_____ 2. 12 100. 0 2. 05 100. 0 100. 8 39. 8 M a y ______ —____ 2.45 115. 6 2. 37 115.4 115. 0 40. 5 2. 8

O ctob er_________ 2. 11 99. 5 2. 05 100.0 100. 6 39. 7 June _________ __ 2.46 116. 0 2. 37 115. 5 115. 2 40. 8 3. 0

N ovem ber______ 2. 15 101.4 2. 08 101. 5 101. 6 39. 9 July __ 2.46 116. 0 2. 37 115. 5 115. 3 40. 5 2. 9

D ecem b er --------- 2. 17 102.4 2. 10 102.4 102. 1 4 0 . 2 A u g u st_________ 2.43 114. 6 2. 35 114.4 115. 3 40. 5 2. 9

See footnote at end of table, G>

Digitized for FRASER 

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Federal Reserve Bank of St. Louis
Table 1. Average Hourly Earnings and Weekly Hours of Production W orkers in Manufacturing Industries, Selected P eriods, 1941—68— Continued

(Indexes, 1957-59 = 100)

P eriod

Average hourly earnings

Average

weekly

hours Period

Average hourly earnings

Ave rage 

weekly 

G ross hours Excluding

overtim e

Excluding the 

effects of 

overtim e and 

interindustry 

employment 

shifts

G ross Excluding

overtim e

Excluding the 

effects of 

overtim e and 

interindustry 

employment 

shifts

Amount Index Amount Index Index Total O vertim e1 Amount Index Amount Index Index Total O vertim e1

1963—Continued 1966— Continued

S eptem ber_____ $2.47 116. 5 $2. 38 115. 9 116. 3 40. 7 3. 1 A pril ---- $2. 70 127.4 $2. 58 125. 6 124. 7 41. 2 3. 9

O ctober------------- 2.47 116. 5 2. 38 115. 9 116. 5 40. 8 3. 0 May ________ 2. 71 127. 8 2. 58 125. 7 124. 9 41. 5 4. 0

N ovem ber______ 2.49 117. 5 2.40 117. 0 116.8 40. 5 3. 0 June 2. 71 127. 8 2. 58 125. 9 125. 2 41 .6 4. 0

D ecem ber --------- 2. 51 118.4 2.42 117. 7 117. 2 40. 9 3. 1 July . - . 2. 71 127. 8 2. 59 126. 0 125. 3 41. 1 3. 9

1964: August. _. _ 2. 70 ‘ 127.4 2. 58 125.4 125. 5 41.4 4. 0

2. 51 118.4 2.43 118. 3 117. 5 39. 8 2. 7 Septem ber______ 2. 75 129. 7 2. 61 127. 3 126. 8 41. 5 4. 2

F ebru ary. 2. 50 . 117. 9 2.42 117. 8 117. 6 40. 3 2. 7 O ctober________ 2. 75 129. 7 2. 62 127. 7 127. 1 41.4 4. 1

M arch . 2. 51 118.4 2.43 118. 3 117. 8 40.4 2. 8 N ovem ber______ 2. 76 130. 2 2. 64 128.4 127. 6 41. 3 3. 9

A p r i l ___________ 2. 52 118. 9 2.43 118. 3 118. 1 40. 5 2. 9 D ecem b er______ 2. 77 130. 7 2. 65 129. 2 128. 1 41. 3 3. 7

May 2. 53 119. 3 2.44 118. 8 118. 2 40. 7 3. 0 1967:

.Til n ft 2. 53 119. 3 2. 43 118. 3 118. 2 41. 0 3. 2 January 2. 78 131. 1 2. 67 130. 0 128. 9 40. 8 3. 4

July 2. 53 119. 3 2.43 118. 3 118.4 40. 7 3.0 February ______ 2. 79 131. 6 2. 68 130. 5 129. 5 40. 1 3. 2

August 2. 52 118. 9 2.42 117. 8 118.4 40. 9 3. 3 M arch__________ 2. 79 131. 6 2. 69 130. 8 129. 8 40. 3 3. 2

S eptem ber_____ 2. 56 120. 8 2.46 119. 8 119. 3 40. 7 3. 5 A p ril — — ---- 2. 80 132. 1 2. 70 131.4 130.4 40. 2 3. 1

D rl-nhftr 2. 52 118. 9 2.42 117. 8 118. 7 40. 8 3. 3 M a y 2. 81 132. 5 2. 70 131.7 130. 6 40. 5 3. 2

N ovem ber______ 2. 55 120. 3 2. 45 119. 3 119. 2 40. 9 3. 3 June _ _ _ 2. 82 133. 0 2. 71 131. 8 131.0 40. 6 3. 3

Decem ber __ ___ 2. 58 121. 7 2.47 120.3 119. 7 41. 5 3. 6 Ju ly____________ 2. 82 133. 0 2. 71 132. 1 131.4 40. 3 3. 2

1965: A u gu st-------------- 2. 82 133. 0 2. 71 131. 9 131. 7 40. 6 3. 4

January 2. 58 121. 7 2.48 121.0 120. 1 40. 9 3. 3 S ep tem ber_____ 2. 85 134.4 2. 73 132. 8 132. 6 41.0 3. 7

F ebru ary----------- 2. 59 122. 2 2.49 121. 0 120. 3 41. 0 3. 3 October 2. 85 134.4 2. 73 132. 8 133. 0 40. 8 3. 5

M arch- 2. 59 122. 2 2.49 121. 2 120. 5 41. 2 3. 5 N ovem ber______ 2. 88 135. 8 2. 76 134. 3 133. 9 40. 8 3. 4

A pril 2. 60 122. 6 2. 50 121. 8 120. 8 40. 7 3. 1 D ecem b er______ 2. 91 137. 3 2. 79 135. 8 134. 7 41. 1 3. 6

May 2. 61 123. 1 2. 50 121. 7 121. 0 41. 2 3. 5 1968:

Jimft 2. 61 123. 1 2. 50 121. 8 121. 2 41. 3 3. 6 Ta n n a r y 2. 94 138. 7 2. 83 137. 8 136. 1 40. 0 3. 3

July 2. 61 123. 1 2. 51 122. 0 121.4 41. 0 3.4 F ebru ary----------- 2. 94 138. 7 2. 83 137. 8 136. 9 40. 6 3. 3

A u gu st-------------- 2. 59 122. 2 2.49 121. 1 121.4 41. 1 3. 6 M arch . ____ __ 2. 96 139. 6 2. 85 13.8. 7 137. 5 40. 6 3. 3

S eptem ber_____ 2. 63 124. 1 2. 51 122. 5 122.4 41. 1 3. 8 A p ril-_________ _ 2. 97 140. 1 2. 86 139. 2 138. 2 39. 8 2. 9

October 2. 64 124. 5 2. 52 122. 6 122. 6 41. 3 3.9 M a y _________ ___ 2. 99 141.0 2. 87 139. 7 138. 6 40. 9 3. 6

N ovem ber______ 2. 65 125. 0 2. 53 123. 1 122. 9 41.4 3.9 j une ... 3. 00 141.5 2. 87 139. 7 138. 8 41. 1 3. 7

D ecem ber______ 2. 66 125. 5 2. 54 123. 8 123. 3 41. 7 4. 0 Ju ly____ ________ 3. 00 141. 5 2. 88 140. 2 139. 1 40. 7 3. 5

1966: August 2. 99 141. 0 2. 86 139. 2 139. 8 40. 7 3. 6

January _ 2. 67 125. 9 2. 56 124. 5 123. 6 41. 2 3. 7 Septem ber______ 3. 05 143. 9 2. 90 141. 2 141. 2 41. 2 4. 0

F ebru ary----------- 2. 68 126.4 2. 56 124. 6 123. 9 41.4 3. 8 O ctober________ 3. 06 144. 3 2. 92 142. 2 141. 7 41. 1 3. 9

M arch__________ 2. 68 126.4 2. 56 124. 8 124. 2 41.4 3.9 Novem ber ____ 3. 08 145. 3 2. 94 143. 2 142. 6 40. 9 3.9

D e c e m b e r ____ 3. 11 146. 7 2. 97 144.6 143. 6 41. 1 3. 9

1 Data on overtim e hours were not available on a monthly basis prior to 1959.

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Table 2. Average Hourly Earnings and Weekly Hours of Production W orkers in Durable and Nondurable G ood s1 Manufacturing Industries, Selected P eriod s, 1959—68

Period

1959:

J anuary------------

February ---------

•March---------------

A p r i l----------------

M ay ------------------

June------------------

A u g u st-------------

Septem ber--------

O cto b e r ------------

N ovem ber--------

D e ce m b e r --------

1960:

J anuary------------

February ---------

M a rch ---------------

M a y ------------------

June------------------

J u ly ------------------

A u g u st---------------

September -------

O cto b e r ------------

N ovem ber--------

D e ce m b e r --------

1961:

J anuary -----------

February ---------

M a rch --------------

A p ril-----------------

June------------------

August---------------

S ep tem b er -------

O cto b e r ------------

N ovem ber--------

D ecem b er --------

1962:

J a n u a r y -----------

February ---------

M a rch ---------------

A p ril-----------------

M ay------------------

J une------------------

J u ly ------------------

August---------------

Setpember --------

O cto b e r ------------

N ovem ber--------

D ecem b er --------

1963:

January------------

February ---------

M a rch ---------------

A p ril-----------------

M a y ------------------

(Indexes, 1957-59 = 100)

Average hourly earnings

rage

skly

G ross urs Excluding

overtim e

Excluding the 

effects of 

overtim e and 

interindustry 

employment 

shifts

Ave

wei

ho

Amount Index Amount Index Index Total Overtim e

Durable goods 1

$2. 33 102. 6 $2. 27 103. 2 102.4 40. 3 2. 3

2. 34 103. 1 2. 27 103. 2 102. 7 40. 3 2. 4

2. 36 104.0 2. 28 103. 6 102. 9 40.7 2. 6

2. 37 104.4 2. 29 104. 1 103. 2 40.9 2. 7

2. 37 104.4 2. 29 104. 1 103.4 41.1 2. 8

2. 38 104. 8 2. 30 104. 5 103.7 41.4 3.0

2. 37 104.4 2. 29 104. 1 103.8 40. 5 2. 8

2. 32 102. 2 2. 24 101.8 103.5 40.8 3.0

2. 34 103. 1 2. 26 102. 7 104. 2 40.7 3.0

2. 34 103. 1 2. 26 102.7 104. 1 40.8 2.9

2. 36 104.0 2. 29 104.1 104. 3 40. 1 2.5

2. 41 106. 2 2. 33 105. 9 105. 3 41.0 2. 8

2.43 107.0 2. 35 106.8 105. 5 40.9 2.9

2. 43 107. 0 2. 35 106.8 105. 8 40. 3 2. 7

2. 43 107.0 2. 36 107. 3 106. 1 40. 2 2. 5

2. 41 106. 2 2. 35 106. 8 106. 3 40.0 2. 1

2. 42 106. 6 2. 35 106. 8 106.4 40.4 2. 4

2. 42 106. 6 2. 35 106. 8 106. 7 40.0 2.4

2. 42 106. 6 2. 35 106. 8 107. 0 40.0 2. 3

2. 41 106. 2 2. 34 106. 4 106. 9 40.0 2. 4

2. 44 107. 5 2. 36 107. 3 107. 7 40.0 2. 5

2. 43 107. 0 2. 36 107. 3 107. 5 40. 2 2. 5

2. 43 107.0 2. 37 107. 7 107. 7 39.6 2. 1

2. 46 108. 4 2. 39 108. 6 108. 7 39.1 2. 0

2. 45 107.9 2. 39 108. 6 108. 7 39. 3 1. 8

2. 45 107.9 2. 39 108. 6 108. 8 39. 3 1.8

2, 45 107.9 2. 40 109. 1 109. 1 39.5 1.8

2. 47 108. 8 2. 41 109. 5 109. 4 39. 8 2. 0

2. 48 109. 3 2. 42 110.0 109. 7 40. 2 2. 1

2. 48 109. 3 2. 42 110.0 109. 8 40. 6 2. 3

2. 49 109. 7 2. 42 110.0 109.9 40. 3 2. 3

2. 48 109.7 2.41 109. 5 109. 8 40. 5 2. 5

2. 49 109.7 2.41 109. 5 109.8 40.1 2. 7

2. 51 110. 6 2. 43 110. 5 110. 5 40.9 2. 7

2. 53 111. 5 2.47 111.4 111.0 41.1 2.9

2. 55 112. 3 2.46 111.8 111.4 41. 3 3.0

2. 56 112.8 2. 48 112. 7 111.7 40. 3 2. 6

2. 55 112. 3 2. 47 112. 3 111.7 40. 6 2. 5

2. 55 112. 3 2. 47 112. 3 111.7 40.8 2. 7

2. 56 112. 8 2.48 112. 7 112. 2 41.1 2. 7

2. 55 112. 3 2. 47 112. 3 112. 1 41.1 2. 8

2. 55 112. 3 2. 47 112. 3 112. 2 41.2 3. 0

2. 55 112. 3 2. 47 112.3 112.4 40.8 2. 8

2. 54 111.9 2. 45 111.4 112. 3 40.9 2.8

2. 57 113. 2 2. 48 112.7 113.0 41.2 3. 1

2. 57 113. 2 2. 48 112. 7 113. 2 41.0 2.9

2. 59 114. 1 2. 50 113. 6 113. 5 41.0 3.0

2. 61 115.0 2. 51 114. 1 114.0 41.2 3. 1

2. 60 114. 5 2. 52 114. 5 114. 2 40. 8 2. 6

2. 61 115. 0 2. 53 115.0 114.4 40. 7 2. 6

2. 61 115.0 2. 53 115. 0 114. 7 40. 7 2. 7

2.62 115. 4 2. 54 115. 5 115.0 40. 6 2. 5

2. 63 115. 9 2. 54 115. 5 115.0 41.2 2.9

2. 64 116. 3 2. 54 115. 5 115. 1 41. 6 3. 2

August---------

September —

O cto b e r ------

Novem ber — 

D ecem ber — 

1960:

J anu ary------

February —

M a rch ---------

A p ril-----------

M a y -------------

J u n e -----------

J u ly -------------

August --------

September -■

O cto b e r ------

N ovem ber — 

D ecem ber — 

1961:

January ------

February ----

M a rch ---------

A p ril------------

M a y -------------

June-------------

J u ly -------------

A u g u st--------

September —

O cto b e r-------

N ovem ber — 

D ecem ber — 

1962:

January-------

F eb ru a ry ----

M a rch ---------

A p r i l----------

M a y -------------

J u n e ------------

July ------------

A u g u st--------

September —

O cto b e r -------

Novem ber — 

D ecem ber — 

1963:

J anu ary-------

F eb ru a ry ----

M a rch ---------

A p r i l -----------

M a y -------------

June-------------

Average hourly earnings

• rage 

ekly 

G ross •urs

Excluding

overtim e

Excluding the 

effects of 

overtim e and 

interindustry 

employment 

shifts

Ave

we

he

Amount Index Amount Index Index Total O vertim e

Nondurable goods 1

$1.95 102. 1 $1.90 102. 2 102.0 39. 4 2. 4

1.95 102. 1 1.90 102. 2 102. 2 39. 4 2.5

1.97 103. 1 1.91 102. 7 102. 6 39.5 2. 6

1.97 103. 1 1.91 102.7 102. 6 39.5 2.5

1.97 103. 1 1.91 102. 7 102. 6 39. 7 2.7

1.97 103. 1 1.91 102. 7 102.7 39.9 2. 8

1.99 104. 2 1.92 103. 2 103. 1 39.9 2.8

1.97 103. 1 1. 90 102. 2 103. 2 40.1 2.9

2. 00 104. 7 1.93 103.8 104. 1 39. 8 3. 1

1.99 104. 2 1.92 103. 2 103. 8 39.6 2. 8

2. 00 104. 7 1.93 103.8 104. 2 39.7 2.7

2.01 105. 2 1.95 104. 8 104. 8 39.9 2.7

2. 02 105. 8 1.96 105.4 105. 3 39.4 2.6

2.03 106. 3 1.96 105.4 105. 5 39.1 2.5

2. 03 106. 3 1.97 105.9 105.9 38.9 2. 5

2. 04 106. 8 1.98 106.5 106.0 38. 7 2. 3

2.04 106. 8 1.98 106. 5 106. 1 39.5 2. 5

2.05 107. 3 1.98 106. 5 106.4 39.6 2. 6

2.06 107.9 1.99 107.0 106.9 39. 7 2. 6

2.04 106.8 1.98 106. 5 106.9 39.6 2. 6

2. 06 107.9 1.99 107.0 107. 5 39.2 2. 6

2. 06 107. 9 2. 00 107. 5 107. 6 39.1 2. 5

2.07 108. 4 2.01 108. 1 107.8 38. 8 2. 3

2.09 109. 4 2.03 109. 1 108. 2 38. 1 2. 2

2.09 109. 4 2.04 109. 7 108.9 38. 5 2. 1

2.09 109. 4 2.03 109. 1 108. 9 38. 5 2. 1

2.09 109. 4 2.04 109. 7 109. 2 38. 7 2. 2

2. 10 109.9 2. 04 109. 7 109. 3 38. 7 2. 2

2. 11 110. 5 2. 04 109. 7 109. 5 39. 0 2. 3

2. 11 110. 5 2.04 109. 7 109.4 39.6 2. 6

2. 12 110.0 2.05 110. 2 109. 7 39.7 2.6

2. 10 109.9 2.03 109. 1 109.8 39. 8 2.8

2. 12 111.0 2.05 110. 2 110. 6 39.4 2.8

2. 13 111. 5 2.05 110. 2 110.9 39.7 2.9

2. 13 111. 5 2. 06 110.8 111. 1 39.9 .2.8

2. 14 112.0 2.07 111. 3 111.6 39. 8 2. 7

2. 16 113. 1 2.09 112.4 112.1 39.0 2. 5

2. 15 112. 6 2.08 111. 8 112.1 39.2 2. 5

2. 15 112. 6 2.08 111.8 112. 4 39.5 2.6

2. 16 113. 1 2.09 112.4 112. 5 39.6 2.6

2. 16 113. 1 2.09 112. 4 112. 5 39. 8 2.8

2. 17 113. 6 2.09 112. 4 112.6 40.1 2.9

2. 17 113. 6 2. 10 112.9 112. 8 40.0 2. 8

2. 16 113. 1 2.09 112.4 113.0 39.9 2.7

2. 17 113. 6 2. 10 112.9 113. 4 40.0 2.9

2. 17 113. 6 2. 10 112.9 113. 5 39.4 2.7

2. 19 114. 7 2. 11 113.4 113. 7 39.6 2.7

2. 19 114.7 2. 12 114.0 114.0 39.7 2.6

2. 20 115. 2 2. 13 114. 5 114. 5 39. 2 2.4

2. 20 115. 2 2. 13 114. 5 114. 6 39.2 2.5

2. 21 115. 7 2. 14 115. 1 115.0 39. 4 2. 6

2. 21 115. 7 2. 15 115. 6 115. 1 38.9 2 .4

2. 21 115.7 2. 14 115. 1 115.0 39.6 2. 6

2. 22 116. 2 2. 14 115. 1 115. 3 39.9 2.8

See footnote at end of table, 01

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Table 2. Average Hourly Earnings and Weekly Hours of Production W orkers in Durable and Nondurable Goods 1 Manufacturing Industries, Selected P eriods, 19.59—68— Continued

(Indexes, 1957-59 = 100)

0)

Period

1963— Continued

A u gu st-------------

S ep tem b er -------

O ctob er ------------

N ovem ber--------

D ecem b er --------

1964:

J anuray------------

February ---------

M a rch--------------

J u n e -----------------

J u ly ------------------

A u gu st-------------

Septem ber--------

O ctob er ------------

N ovem ber--------

D ecem b er --------

1965:

J anuary------------

F eb ru ary---------

M a rch --------------

M a y------------------

J u ly ------------------

A u g u st-------------

Septem ber--------

O ctob er ------------

N ovem ber--------

D ecem b er --------

1966:

January------------

F eb ru ary---------

M a rch --------------

A p r il----------------

M a y ------------------

June------------------

J u ly ------------------

A u gu st-------------

Septembe r --------

O ctob er ------------

N ovem ber--------

D ecem b er --------

1967:

January ------------

February ---------

M a rch--------------

A p r i l ----------------

M a y ------------------

J u ly ------------------

A u gu st-------------

Septem ber--------

O cto b e r ------------

N ovem ber--------

D ecem b er --------

Average hourly earnings

G ross Excluding

overtim e

Excluding the 

effects of 

overtim e and 

interindustry 

employment 

shifts

Amount Index Amount Index Index

Durable goods 1

$2., 63 115.,9 $2.,54 115,. 5 115. 2

2., 61 115.,0 2., 52 114., 5 115., 1

2., 65 116., 7 2., 55 115.,9 116.,0

2., 65 116.,7 2., 56 116.,4 116., 2

2. 67 117.,6 2.,57 116. 8 116. 6

2. 69 118., 5 2., 58 117., 3 117. 0

2., 68 118.,1 2. 59 117..7 117. 1

2. 68 118., 1 2. 59 117., 7 117. 2

2.,68 118., 1 2., 59 117.,7 117., 4

2., 70 118.,9 2., 60 118., 2 117. 7

2.,70 118.,9 2., 60 118., 2 117. 9

2. 71 119.,4 2. 60 118., 2 117. 9

2.,70 118.,9 2., 60 118., 2 118., 1

2., 70 118.,9 2.,59 117.,7 118. 0

2., 74 120., 7 2., 62 119., 1 118. 8

2. 69 118., 5 2. 58 117., 3 117. 9

2. 73 120., 3 2. 61 118.,6 118. 5

2. 76 121. 6 2. 64 120. 0 119. 1

2. 76 121..6 2. 65 120., 5 119. 4

2. 77 122.,0 2. 65 120., 5 119. 7

2. 78 122., 5 2. 66 120.,9 119. 9

2. 78 122. 5 2. 67 212. 4 120. 2

2. 79 122.,9 2. 67 121.,4 120. 5

2. 79 122. 9 2. 67 121., 4 120. 6

2. 79 122. 9 2. 67 121. 4 120. 7

2. 77 122. 0 2. 65 120. 5 120. 5

2. 81 123. 8 2. 68 121. 8 121. 6

2. 82 124. 2 2. 68 121. 8 121. 9

2. 83 124. 7 2. 69 122. 3 122. 2

2. 84 125. 1 2. 70 122. 7 122. 6

2. 85 125. 6 2. 72 123. 6 123. 0

2. 86 126. 0 2. 72 123. 6 123. 1

2. 87 126. 4 2. 73 124. 1 123. 5

2. 88 126. 9 2. 74 124. 5 124. 0

2. 88 126. 9 2. 74 124. 5 124. 2

2. 89 127. 3 2. 75 125. 0 124. 5

2. 88 126. 9 2. 75 125. 0 124. 5

2. 88 126. 9 2. 74 124. 5 124. 7

2. 93 129. 1 2. 78 126. 4 126. 1

2. 94 129. 5 2. 79 126. 8 126. 5

2. 94 129. 5 2. 80 127. 3 126. 9

2. 96 130. 4 2. 82 128. 2 127. 5

2. 96 130. 4 2. 84 129. 1 128. 1

2. 96 130. 4 2. 84 129. 1 128. 4

2. 96 130. 4 2. 85 129. 5 128. 7

2. 97 130. 8 2. 86 130. 0 129. 3

2. 99 131. 7 2. 87 130. 5 129. 7

2. 99 131. 7 2. 88 130. 9 130. 1

3. 00 132. 2 2. 88 130. 9 130. 5

3. 00 132. 2 2. 88 130. 9 130. 7

3. 03 133. 5 2. 89 131. 4 131. 2

3. 03 133. 5 2. 90 131. 8 131. 7

3. 05 134. 4 2. 93 133. 2 132. 8

3. 09 136. 1 2. 96 134. 5 133. 6

Average

weekly

hours

Total Overtime

41. 1

41.0

41.3

41.4

41.2

41.6

40. 6

41.0

41. 1

41.4

41.5 

41.8 

41. 3

41. 6

41.6

41.3

41.7

42. 4

41.8

41.8 

42. 1

41.7 

42. 1 

42. 2

41.7

41. 7

41.7

42. 1 

42. 2 

42. 6

42. 1

42.2

42.2 

42. 2 

42. 3 

42. 3

41.6

42.0 

42. 3

42.2 

42. 1 

42. 1

41.5

40.7

41.0

40.8

41.1 

41. 1

40. 8

41. 1 

41. 5

41.4 

41. 2

41.8

2.9

3.0 

3. 2 

3. 2 

3. 2 

3. 3

2.9

2.8

2.9 

3. 1 

3. 2

3.4 

3. 2 

3. 5 

3. 7

3.4 

3. 5

4.0

3. 6

3.7

3.8 

3. 5

3.9

4.0

3. 7

3.8

4.0

4. 2 

4. 3 

4. 4

4. 1 

4. 2 

4. 3 

4. 3

4 .4

4 .4

4.1 

4. 3 

4. 6 

4. 5 

4. 3 

4. 1

3.7

3.4

3.4 

3. 2 

3. 3

3.4 

3. 3 

3. 5

3.9 

3. 7 

3. 5 

3. 8

1963— Continued

J u ly----------------

A u g u st-----------

Septem ber------

O cto b e r ---------

N ovem ber------

D e ce m b e r ------

1964;

J afnuary----------

February -------

M a rch------------

A p r i l-------------

M a y ----------------

J u n e --------------

J u ly ----------------

A u gu st-----------

Septem ber------

O cto b e r----------

N ovem ber------

D ece m b e r ------

1965:

J anuary---------

February -------

M a rch ------------

A p r i l-------------

June----------------

J u ly ----------------

A u g u st-----------

Septem ber------

O cto b e r----------

N ovem ber------

D e ce m b e r ------

1966:

J anuary----------

F eb ru ary -------

M a rch ------------

A p r i l-------------

July -

A u gu st-----------

Septem ber------

O cto b e r----------

N ovem ber------

D ecem b er ------

1967:

January ----------

February -------

M a rch ------------

A p ril--------------

J u n e --------------

J u ly ----------------

A u gu st-----------

Septem ber------

O cto b e r ---------

N ovem ber------

D ecem ber-------

Average hourly earnings

Average

weekly

G ross hours Excluding

overtim e

Excluding the 

effects of 

overtim e and 

interindustry 

employment 

shifts

Amount Index Amount Index Index Total || Overtime

Nondurable goods l

$2. 22 116. 2 $2. 15 115. 6 115.4 39: 8 2.8

2. 21 115. 7 2. 13 114. 5 115.6 40.0 2.8

2. 24 117. 3 2. 16 116. 1 116.9 39.9 3. 0

2. 24 117. 3 2. 16 116. 1 116.8 39.9 2.9

2. 25 117. 8 2. 18 117. 2 117. 2 39. 7 2.8

2. 26 118. 3 2. 19 117.7 117. 6 39.9 2.8

2. 28 119.4 2. 20 118. 3 118. 1 38.8 2. 5

2. 27 118. 8 2. 19 117. 7 118. 3 39.4 2.6

2. 27 118. 8 2. 20 118. 3 118. 5 39.5 2. 6

2. 28 119. 4 2. 21 118. 8 118. 7 39.5 2. 7

2. 29 119.9 2. 21 118. 8 118. 6 39.7 2. 8

2. 29 119.9 2. 20 118. 3 118. 6 39.9 2.9

2. 29 119.9 2. 21 118. 8 118.9 39.9 2.9

2. 28 119. 4 2. 20 118. 3 119. 1 40. 1 3. 1

2. 32 121. 5 2. 23 119.9 120. 1 39.6 3. 2

2. 30 120.4 2. 21 118. 8 119.9 40.0 3. 1

2. 31 120.9 2. 23 119.9 120. 3 39.9 3.0

2. 32 121. 5 2. 24 120. 4 120. 6 40. 3 3. 1

2. 33 122.0 2. 25 121.0 121. 3 39.7 2.8

2. 33 122.0 2. 25 121.0 121. 5 39. 8 2.9

2. 34 122. 5 2. 25 121.0 121. 6 40.0 3.0

2. 34 122. 5 2. 26 121. 5 121.8 39. 4 2. 7

2. 35 123.0 2. 26 121. 5 122.0 40.0 3. 1

2. 35 123.0 2. 26 121. 5 122. 2 40. 2 3. 2

2. 36 123. 6 2. 28 122. 6 122. 6 40. 2 3. 1

2. 36 123. 6 2. 27 122.0 122. 8 40. 3 3. 3

2. 38 124. 6 2. 29 123. 1 123.8 40. 2 3. 5

2. 38 124. 6 2. 28 122. 6 123. 6 40. 2 3. 5

2. 39 125. 1 2. 29 123. 1 123. 9 40. 3 3.4

2.40 125. 7 2. 31 124. 2 124.4 40. 4 3.4

2. 40 125. 7 2. 31 124. 2 124. 7 39. 8 3. 1

2. 41 126. 2 2. 31 124. 2 125. 2 40. 2 3. 3

2. 41 126. 2 2. 32 124. 7 125. 3 40. 2 3. 3

2.43 127. 2 2. 33 125. 3 125.9 39.9 3. 3

2. 43 127. 2 2. 34 125. 8 126.0 40. 3 3.4

2. 45 128. 3 2. 34 125.8 126. 5 40. 5 3. 5

2. 46 128. 8 2. 35 126. 3 126.6 40. 3 3. 5

2.45 128. 3 2. 34 125. 8 127.0 40. 5 3. 5

2.47 129. 3 2. 36 126.9 127. 8 40. 3 3. 7

2. 48 129. 8 2. 37 127.4 128. 2 40. 3 3. 6

2. 49 130. 4 2. 39 128. 5 128. 7 40. 2 3.4

2. 50 130.9 2. 40 129.0 129. 2 40. 1 3. 3

2. 51 131.4 2. 42 130. 1 130. 2 39.7 3.0

2. 53 132. 5 2. 44 131. 2 131.2 39.2 2.9

2. 54 133.0 2.45 131.7 131.7 39. 4 3.9

2. 55 133. 5 2. 46 132. 3 132. 2 39.3 2.9

2. 55 133. 5 2. 46 132. 3 132. 3 39.5 3.0

2. 56 134.0 2. 46 132. 3 132. 6 39.7 3.1

2. 57 134. 6 2.47 132.8 132. 9 39.7 3. 1

2. 57 134. 6 2. 47 132. 8 133. 3 40.0 3. 3

2. 61 136. 6 2. 50 134.4 134.9 40. 2 3. 6

2. 61 136. 6 2. 50 134.4 135.1 39.9 3.4

2. 62 137. 2 2. 52 135. 5 135.8 40. 1 3. 3

2. 64 138. 2 2. 54 136.6 136.4 40. 1 3. 3

See footnote at end of table,

Digitized for FRASER 

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Federal Reserve Bank of St. Louis
Table 2. Average Hourly Earnings and Weekly Hours of Production W orkers in Durable and Nondurable G oods1 Manufacturing Industries, Selected P eriod s, 1959—68— Continued

(Indexes, 1957—59 - 100)

P eriod

Average hourly earnings

rage

ikly

irs Period

Average hourly earnings

rage

kly

irsG ross

Excluding

overtim e

Excluding the 

effects of 

overtim e and 

interindustry 

employment 

shifts

Ave

wee

hoi G ross Excluding

overtim e

Excluding the 

effects of 

overtim e and 

interindustry 

employment 

shifts

Avei

wee

hou

Amount Index Amount Index Index Total Overtim e Amount Index Amount Index Index Total O vertim e

Durable goods 1 Nondurable goods 1

1968: 1968:

J anuary------------ $3. 13 137.9 $3. 00 136. 4 135. 1 40. 8 3. 5 January ---------- $2. 67 139. 8 $2. 57 138. 2 137. 7 38. 9 3.0

February --------- 3. 12 137.4 3.00 136. 4 135. 5 41. 2 3. 4 February ------- 2. 68 140. 3 2. 58 138.7 139. 4 39.7 3.0

M a rch --------------- 3. 14 138. 3 3. 02 137. 3 136. 1 41. 3 3. 5 M a rch ------------ 2. 69 140. 8 2.59 139. 2 139. 8 39.7 3. 1

April ---------------- 3. 15 138. 8 3.03 137. 7 136. 9 40. 5 3.0 A p r i l------------- 2. 70 141.4 2. 61 140. 3 140. 4 38.8 2. 7

M a y ------------------ 3. 18 140. 1 3. 04 138. 2 137. 2 41.6 3. 8 M a y ---------------- 2. 72 142. 4 2. 62 140.9 140. 8 39. 8 3. 2

June---------------- 3. 18 140. 1 3.04 138. 2 137. 3 41.8 3.9 June------ -- -- 2. 73 142.9 2. 62 140.9 141. 2 40. 1 3.4

J u ly ------------------ 3.18 140. 1 3.05 138.6 137. 6 41.2 3.6 J u ly ---------------- 2.75 144.0 2.63 141.4 141. 5 40.0 3.4

August ------------- 3. 17 139. 6 3.03 137. 7 138. 2 41.1 3. 7 A u g u st----------- 2. 75 144.0 2. 64 141.9 142. 5 40. 2 3. 5

Septem ber-------- 3. 23 142. 3 3.08 140.0 139. 6 41.8 4. 2 Septem ber------ 2. 78 145. 5 2. 66 143.0 143. 8 40. 3 3.8

O cto b e r ------------ 3. 25 143. 2 3.09 140. 5 140. 2‘ 41.8 4. 2 O cto b e r---------- 2. 79 146. 1 2. 67 143.5 144. 2 40. 1 3. 5

November ------- 3. 27 144. 5 3. 12 141.8 141. 3 41.7 4. 2 Novem ber ---- 2. 81 147. 1 2. 69 144. 6 144. 7 39.9 3. 5

D ecem ber ------- 3. 29 145. 8 3. 15 143. 2 142. 7 41.7 4. 1 | D ecem ber ---- 2. 82 147. 6 2. 71 145.7 145. 3 40. 1 3.5

1 F or classification of industries, see appendix B.

Digitized for FRASER 

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Federal Reserve Bank of St. Louis
Table 3. Average Hourly Earnings and Weekly Hours of 

Production W orkers in Manufacturing Industries, 

Annual A verages, 1939— 16 8

(Indexes, 1957-59 = 100)

Average hourly earnings

Average

weekly

Year G ross hours Excluding

overtim e

Excluding the 

effects of 

overtim e and 

interindustry 

employment 

shifts

Amount Index Amount Index Index Total Ove rtime

1939 _____ $0. 627 29. 6 $0. 627 30. 6 32. 2 37. 7 n

1940 _____ . 655 30. 9 C ) C ) (!) 38. 1 (!)

1941_____ . 726 34. 2 . 691 33. 7 ■) 40. 6 ( )

1942 _____ . 851 40. 1 . 793 38. 7 ( ) 43. 1 ( )

1943 _____ . 957 45. 1 . 881 43. 0 )

45. 0 )

1944 _____ 1. 011 47. 7 . 933 45. 5 )

45. 2 ( )

1945 _____ 1. 016 47. 9 . 949 46. 3 ( ) 43. 5 ( )

1946 _____ 1. 075 50. 7 1. 035 50. 5 C ) 40. 3

1947 _____ 1. 217 57.4 1. 18 57. 6 57. 8 40.4 ( )

1948 _____ 1. 328 62. 6 1. 29 62. 9 63. 2 40. 0 ( )

1949 -------- 1. 378 65. 0 1. 34 65.4 66. 1 39. 1 (*)

1950 _____ 1.440 67. 9 1. 39 67. 8 68. 2 40. 5 (!)

1951_____ 1. 56 73. 6 1. 51 73. 7 73. 6 40. 6 ( )

1952 _____ 1. 65 77. 8 1. 59 77. 6 77.4 40. 7 ( )

1953 _____ 1. 74 82. 1 1. 68 82. 0 81. 6 40. 5 ( )

1954 _____ 1. 78 84. 0 1. 73 84.4 84. 3 39. 6 ( )

1955 _____ 1. 86 87. 7 1. 79 87. 3 86. 9 40. 7 t1)

1956 _____ 1. 95 92. 0 1. 89 92. 2 91. 5 40.4 2. 8

1957 _____ 2. 05 96. 7 1. 99 97. 1 96. 2 39. 8 2. 3

1958 _____ 2. 11 99. 5 2. 05 100. 0 100. 2 39.2 2. 0

1959 -------- 2. 19 103. 3 2. 12 103. 3 103.4 40. 3 2. 7

I960 _____ 2. 26 106. 6 2. 20 106. 9 106. 8 39. 7 2.4

1961_____ 2. 32 109.4 2. 25 109. 6 109. 9 39. 8 2.4

1962 _____ 2. 39 112. 7 2. 31 112. 5 112. 7 40.4 2. 8

1963 _____ 2.46 116. 0 2. 37 115. 6 115. 5 40. 5 2. 8

1964 _____ 2. 53 119. 3 2.44 118. 8 118. 4 40. 7 3. 1

1965 _____ 2. 61 123. 1 2. 51 122. 2 121. 5 41. 2 3. 6

1966 _____ 2. 72 128. 3 2. 59 126. 1 125. 6 41. 3 3. 9

1967 _____ 2. 83 133. 5 2. 72 132.4 131. 5 40. 6 3.4

1968 _____ 3. 01 142. 0 2. 88 140. 2 139. 5 40. 7 3. 6

Data are not available.

Table 4. Average Hourly Earnings and Weekly Hours of Production W orkers 

in Durable and Nondurable Goods Manufacturing 

Industries, Annual A v era ges, 1939—68

(Indexes, 1957-59 = 100)

Year

Average hourly earnings

Average

weekly

G ross hours Excluding

overtim e

Excluding the 

effects of 

overtim e and 

interindustry 

employment 

shifts

Amount Index Amount Index Index Total Overtime

Durable goods

1959 -------- $2. 36 104. 0 $2. 28 103. 6 103. 6 40. 7 2. 7

I960 _____ 2.43 107. 0 2. 36 107. 3 106. 9 40. 1 2.4

1961_____ 2.49 109. 7 2. 42 110. 0 109. 8 40. 3 2. 3

1962 _____ 2. 56 112. 8 2. 48 112. 7 112. 5 40. 9 2. 8

1963 _____ 2. 63 115. 9 2. 54 115. 5 115.4 41. 1 2. 9

1964 _____ 2. 71 119.4 2. 60 118. 2 118. 0 41.4 3. 3

1965 _____ 2. 79 122. 9 2. 67 121.4 120. 8 42. 0 3. 9

1966 _____ 2. 90 127. 8 2. 76 125. 5 124. 9 42. 1 4. 3

1967 _____ 3. 00 132. 2 2. 88 130. 9 130.4 41. 2 3. 5

1968 _____ 3. 19 140. 5 3. 06 139. 1 138. 1 41.4 3. 8

Nondurable goods

1959 -------- $ 1. 98 103. 7 $1. 92 103. 2 103. 2 39. 7 2. 7

I960 _____ 2. 05 107. 3 1. 99 107. 0 106. 7 39. 2 2. 5

1961_____ 2. 11 110. 5 2. 05 110. 2 109. 9 39. 3 2. 5

1962 _____ 2. 17 113. 6 2. 09 112.4 112. 9 39. 6 2. 7

1963 _____ 2. 22 116. 2 2. 15 115. 6 115. 8 39.6 2. 7

1964 _____ 2. 29 119. 9 2. 21 118. 8 119. 1 39.7 2.9

1965 _____ 2. 36 123. 6 2. 27 122. 0 122. 6 40. 1 3. 2

1966 _____ 2.45 128. 3 2. 35 126. 3 126. 8 40.2 3.4

1967 _____ 2. 57 134. 6 2. 47 132. 8 133. 2 39. 7 3. 1

1968 _____ 2. 74 143. 5 2. 63 141.4 141. 8 39. 8 3.3

Digitized for FRASER 

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Federal Reserve Bank of St. Louis
Table 5. Average Weekly Earnings of Production W orkers in Manufacturing Industries and the Consumer P rice Index, Selected P eriods, 1941—68 

__________________________________________________________________ (Indexes, 1957-59_= 100)____________________________________________________________________

Period

1941:

J anuary------------

A p r i l ----------------

1942:

A p r il----------------

O cto b e r ------------

1943:

A p r i l ----------------

1944;

1945?ri1

J anuary------------

A p r i l ----------------

Septem ber--------

1946:

F eb ru ary---------

1947: 7

J anuary------------

February ---------

M a rch--------------

A p r i l----------------

M ay------------------

J une------------------

J u ly ------------------

A u gu st-------------

S ep tem b er -------

O cto b e r ------------

N ovem ber--------

D ecem b er --------

1948:

January ------------

February ---------

M arch--------------

A p r i l ----------------

August -------------

Septem ber--------

O ctob er ------------

.N ovem ber--------

D ecem b er --------

1949:

J anuary------------

February ---------

M a rch --------------

April ----------------

June------------------

J u ly ------------------

A u g u st-------------

Septem ber--------

O cto b e r ------------

N ovem ber--------

D ecem b er --------

1950:

J anuary------------

February ---------

M a rch--------------

A p ril-----------------

M a y ------------------

Average weekly earnings

G ross

Net spendable

Worker with no W orker with 3

dependents dependents

Actual Real Current 1957-59 Current 1957-59

Amount Index index dollars dollars dollars dollars

$26.36 31. 3 63.7 $25. 16 $51.24 $26. 10 $53. 16

27. 91 33. 2 66. 7 26. 55 53. 31 27. 68 55.48

34. 89 41.4 73. 8 30. 34 54.08 34. 54 61. 57

38. 81 46. 1 79. 5 33. 54 57.83 38. 42 66. 24

42. 39 50. 4 83. 2 35. 42 58.45 40. 76 67. 26

45. 27 53. 8 88. 5 37. 66 61.94 43. 43 71.43

47.08 55.9 90. 2 39.07 63.02 44. 84 72. 32

46. 78 55.6 89. 7 38. 84 62. 65 44. 61 71.95

40. 27 47. 8 76.0 33. 74 53.64 39. 07 62. 11

39.96 47. 5 75. 2 34. 56 54. 68 39. 56 62. 59

42. 26 50. 2 78.4 36. 44 56.94 41.84 65. 38

42. 81 50.8 73. 7 36. 89 53. 54 42. 37 61.49

46.93 55.7 74. 4 40. 27 53.77 45. 75 61. 08

47. 11 56.0 74.9 40.41 54.02 45. 89 61. 35

47. 51 56.4 73. 8 40. 74 53. 32 46. 22 60. 50

47.44 56. 3 73. 7 40. 68 53. 25 46. 16 60.42

48. 40 57. 5 75. 5 41.47 54.42 46.95 61. 61

49.29 58. 5 76. 2 42. 20 54.95 47. 68 62.08

49.00 58. 2 75. 2 41.96 54.21 47.44 61. 29

49. 20 58. 4 74. 6 42. 12 53.79 47. 60 60. 79

50. 30 59.7 74. 5 43.03 53.72 48. 51 60. 56

50. 83 60. 4 75.4 43.46 54. 26 48.94 61. 10

51. 15 60. 8 75.4 43. 72 54. 24 49. 20 61.04

52. 49 62. 3 76. 3 44. 82 54.86 50. 30 61. 57

51.92 61.7 74.7 45. 56 55. 16 51. 30 62. 11

51. 78 61. 5 75. 1 45.45 55.49 51.19 62. 50

52.03 61.8 75. 6 45. 66 55. 89 51.40 62.91

51. 72 61.4 74. 2 45.40 54.83 51.14 61.76

51.99 61.8 74. 1 45. 62 54. 70 51. 36 61. 58

52. 85 62. 8 74. 8 46. 35 55.18 52.09 62. 10

52.92 62. 9 74. 0 46. 40 54. 59 52. 14 61. 34

54. 14 64. 3 75. 3 47.43 55. 54 53. 17 62. 26

54. 17 64. 3 75. 3 47. 46 55. 57 53. 20 62. 30

54. 64 64.9 76. 4 47.85 56. 29 53. 59 63.05

54. 69 65.0 77.0 47. 89 56.74 53. 63 63. 54

55.08 65. 4 77.9 48. 22 57. 47 53.96 64. 31

54. 45 64. 7 77. 3 47. 69 56.98 53.43 63. 84

54. 33 64. 5 77.9 47. 59 57.48 53. 33 64.41

53. 74 63. 8 76.9 47.09 56.73 52. 83 63. 65

52.78 62. 7 75.4 46. 29 55.64 52.03 62. 54

53.01 63.0 75.9 46.48 56.00 52. 22 62.92

53. 54 63.6 76. 5 46.93 56. 47 52. 67 63. 38

53. 66 63. 7 77. 1 47.03 56.94 52. 77 63. 89

53. 68 63. 8 77.1 47.04 56.81 52. 78 63.74

54. 73 65.0 78. 1 47.93 57.61 53. 67 64. 51

54. 23 64. 4 77.9 47. 51 57.45 53. 25 64. 39

53.45 63. 5 76.7 46. 85 56. 50 52. 59 63. 51

55.08 65.4 79.5 48. 22 58.59 53. 96 65. 57

55. 38 65.8 80. 2 48. 20 58. 78 53.94 65.78

55. 50 65.9 80. 6 48. 30 59.05 54.04 66.06

55. 62 66.1 80. 5 48. 39 58.94 54. 14 65.94

55.98 66. 5 80.9 48. 69 59.23 54.44 66. 23

56. 58 67. 2 81.4 49. 17 59.53 54.94 66.51

Consumer

P rice

Index

Period

49. 1 

49. 8

56. 1

58.0

60. 6

60. 8

62. 0

62.0 

62. 9

63. 2 

64.0 

68. 9

1950— Continued

June----------------

J u ly ----------------

A u g u st-----------

S ep tem b er-----

O cto b e r ---------

N ovem ber------

D ecem b er ------

1951:

January ---------

F eb ru ary -------

M a rch ------------

A p r i l-------------

M a y ----------------

J u n e ---------------

J u ly ----------------

August------------

Septem ber------

O cto b e r ---------

74. 9 

74. 8

76.4

76.4 

76. 2

76. 8

77. 4

78. 3 

80. 1 

80. 1 

80. 6 

81.7

N ovem ber------

D ecem b er ------

1952:

January -------

F eb ru ary -------

M a rch------------

A p r i l-------------

J u n e ---------------

J u ly ----------------

August------------

Septem ber------

O cto b e r ---------

82. 6 

81. 9

81. 7

82. 8

83. 4

84.0

85.0 

85. 4 

85. 4

85.0

84. 4 

83.9

N ovem ber------

D ecem b er ------

1953:

January ---------

F eb ru ary -------

M a rch ------------

A p r i l-------------

M a y ----------------

June----------------

A u g u st-----------

S ep tem b er ----

O cto b e r ---------

83. 7 

82. 8

83.0 

83. 2

83.0 

83. 1 

82. 6 

82. 8 

83. 2 

82.7 

82. 8 

82. 3

N ovem ber------

D e ce m b e r ------

1954;

January ---------

F ebruary — ;—

M a rch ------------

A p ril---------------

June----------------

J u ly ----------------

August------------

Septem ber------

O cto b e r ---------

82.0 

81. 8 

82. 1 

82. 2 

82. 6

N ovem ber------

D ecem b er ------

1955;

January ---------

F eb ru ary -------

Averagt; weekly earnings

Consumer

P rice

Index

Gros s

Net spendable

W orker with no 

dependents

W orker with 3 

dependents

Actual Real Current 1957-59 Current 1957-59

Amount Index index dollars dollars dollars dollars

$57. 69 68. 5 82. 5 $50.07 $60. 33 $55.87 $67. 31 83.0

58. 12 69.0 82. 2 50. 42 60. 10 56. 24 67.03 83.9

5 9 . 1 0 70. 2 83. 1 51.23 60. 63 57.07 67. 54 84. 5

59. 43 70. 6 83.0 51. 50 60. 52 57. 35 67. 39 85. 1

60. 73 72. 1 84. 2 51. 15 59. 75 58. 17 67.96 85. 6

61. 16 72. 6 84. 4 51.49 59.87 58. 52 68.05 86.0

62. 80 74. 6 85. 6 52. 81 60. 63 59. 87 68. 74 87. 1

62. 58 74. 3 84. 0 52. 56 59. 39 59. 61 67. 36 88. 5

62. 42 74. 1 82. 7 52. 43 58. 52 59. 48 66. 38 89. 6

63. 14 75.0 83. 4 53. 00 58. 95 60.06 66. 81 89.9

63. 24 75. 1 83. 4 53.08 58.98 60. 14 66. 82 90.0

63. 34 75. 2 83. 2 53. 16 58. 81 60. 22 66. 62 90. 4

63.90 75. 9 84. 1 53. 60 59. 36 60. 67 67. 19 90. 3

63. 11 75.0 83. 0 52.98 58. 61 60.03 66. 40 90.4

62. 87 74. 7 82. 6 52. 79 58. 40 59.84 66.19 90. 4

64. 15 76. 2 83. 7 53. 80 59. 12 60. 87 66. 89 91.0

63. 83 75. 8 82.9 53. 54 58. 58 60. 61 66. 31 91.4

64. 64 76. 8 83. 6 53. 12 57. 81 61.01 66. 39 91.9

66. 17 78. 6 85. 2 54. 29 58. 88 62. 21 67.47 92.2

65. 53 77. 8 84. 4 53. 80 58. 35 61.70 66. 92 92. 2

65. 93 78. 3 85. 5 54. 10 59.06 62.02 67. 71 91. 6

66. 18 78. 6 85.8 54. 30 59. 28 62. 21 67.91 91.6

64. 71 76.9 83. 6 53. 17 57. 79 61.06 66. 37 92.0

65. 36 77. 6 84. 3 53. 67 58. 27 61.57 66.85 92. 1

66.02 78.4 84. 8 54. 17 58. 63 62.09 67. 20 92. 4

64. 48 76. 6 82. 4 53.00 56.99 60. 88 65.46 93.0

66.42 78. 9 84. 7 54.48 58.45 62.40 66.95 93.2

68. 80 81.7 87. 8 56. 30 60. 54 64. 27 69. 11 93. 0

69. 38 82.4 88. 5 56. 74 60. 95 64. 73 69. 53 93. 1

69. 46 82. 5 88. 5 56.80 60. 94 64. 79 69. 52 93.2

70. 72 84. 0 90. 3 57. 78 62. 13 65. 80 70. 75 93.0

70. 11 83. 3 89. 8 57. 31 61. 76 65. 31 70. 38 92. 8

70. 35 83. 6 90. 5 57. 49 62. 22 65. 50 70. 89 92.4

70. 10 84. 5 91. 3 58.08 62. 72 66. 10 71. 38 92.6

70. 41 83. 6 90. 2 57. 54 62.07 65. 55 70. 71 92. 7

70. 24 83.4 89. 8 57. 41 61. 80 65.42 70. 42 92.9

70. 82 84. 1 90. 1 57.86 62. 02 65.88 70. 61 93. 3

70. 53 83. 8 89. 6 57. 63 61. 64 65. 65 70. 21 93.5

70. 47 83. 7 89. 3 57. 59 61. 46 65. 60 70.01 93.7

70. 22 83. 4 88. 8 57. 39 61. 12 65.40 69. 65 93.9

70.93 84. 2 89. 5 57.95 61. 58 65. 97 70. 11 94. 1

70. 22 83. 4 89.0 57. 39 61. 25 65.40 69. 80 93. 7

70. 98 84. 3 90. 1 57.99 61. 96 66.01 70. 52 93.6

70. 13 83. 3 88. 7 58. 16 61. 94 65. 36 69. 61 93.9

70. 09 83. 3 88. 9 58. 13 62.04 65. 32 69. 71 93. 7

69. 74 82.8 88. 5 57.85 61.81 65.04 69.49 93. 6

69. 03 82.0 87. 8 57. 29 61. 34 64. 45 69.00 93. 4

69.95 83. 1 88. 7 58.02 61. 92 65.21 69.59 93.7

70. 31 83. 5 89.0 58. 31 62.16 65. 50 69. 83 93. 8

69.74 82. 8 88. 2 57. 85 61. 61 65.04 69. 27 93.9

69. 87 83.0 88. 6 57.90 61. 86 65. 14 69. 52 93. 7

70. 67 83.9 89. 7 58. 60 62. 67 65.80 70. 37 93. 5

70. 84 84. 1 90. 1 58.73 62.95 65.94 70. 68 93. 3

72. 36 85.9 92.0 59.95 64. 19 67. 19 71.94 93. 4

73. 31 87. 1 93.5 60. 71 65. 14 67.96 72. 92 93. 2

73. 16 86. 9 93. 2 60. 52 64. 94 67.76 72. 70 93.2

73. 53 87. 3 93. 7 60. 81 65. 25 68.05 73.02 93. 2

Digitized for FRASER 

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Federal Reserve Bank of St. Louis
Table 5. Average Weekly Earnings of Production Workers in Manufacturing Industries and the Consumer P rice Index, Selected P eriod s, 1941—68— Continued 

___________________________________________________________________________(Indexes, 1957-59 - 100)_________________________________________________________________________

o

Period

1955— Continued 

M a rch --------------

A u gu st-------------

S ep tem ber-------

O ctob er ------------

N ovem ber--------

D ecem b er --------

1956:

J anuary------------

F eb ru ary ---------

M a rch --------------

A p r i l -----------------

M ay------------------

June -----------------

J u ly ------------------

A u gu st-------------

S ep tem ber -------

O ctob er ------------

N ovem ber--------

D ecem b er --------

1957:

J anuary------------

February ---------

March *-------------

M ay------------------

J u n e -----------------

J u ly ------------------

August--------------

Septem ber--------

O ctob er ------------

N ovem ber--------

D ecem b er --------

1958:

J anuary------------

February ---------

M a rch--------------

A p ril-----------------

M a y------------------

J u ly ------------------

A u gu st-------------

Septem ber--------

O ctob er ------------

N ovem ber--------

D ecem b er --------

1959:

J anuary------------

F eb ru ary ---------

M arch--------------

M a y------------------

J u ly ------------------

A u gu st-------------

S ep tem ber -------

O ctob er ------------

N ovem ber--------

D ecem b er --------

Average weekly earnings

G ross

Net spendable ConWorker with no 

dependents

Worker with 3 

dependents P rice

Actual Re:slI

ex

Current

dollars

1957-

dolla

59

rs

Current

dollars

1957-59

dollars Amount Index md'

$73 89 87. 8 94., 2 $61..09 $65,. 55 $68,. 34 $73,. 33 93. 2

73 97 87.9 94., 4 61., 15 65,. 68 68,. 41 73,,48 93. 1

75 30 89. 4 96.,0 62.. 19 66,. 80 69,.47 74,, 62 93. 1

74 70 88. 7 95., 2 61..73 66,. 23 68,.99 74,, 02 93. 2

75 14 89. 3 95.. 5 62..07 66,. 39 69 . 34 74.. 16 93.5

75 11 89. 2 95., 6 62..05 66,. 51 69,. 32 74,, 30 93. 3

76 89 91. 3 97.. 5 63.,44 67,. 78 70,.74 75., 58 93.6

77 27 91.8 98., l . 63.,74 68,. 10 71,.05 75.,91 93. 6

78 28 93. 0 99.. 3 64,. 52 68,.86 71 . 85 76., 68 93. 7

78 47 93. 2 99., 7 64., 67 69.. 17 72,.01 77., 02 93.5

77 55 92. 1 98., 6 63. 95 68,.47 71,. 27 76., 31 93. 4

76 76 91. 2 97., 6 63., 34 67., 82 70,. 64 75., 63 93. 4

77 38 91.9 98., 3 63. 82 68., 26 71..13 76. 07 93.5

78 18 92.9 99., 3 64. 45 68., 86 71..77 76., 68 93.6

77 60 92. 2 98. 0 63. 99 68.,00 71.. 31 75. 78 i 94. 1

78 20 92.9 98., 1 64. 46 68.,07 71., 79 75. 81 94. 7

77 79 92.4 96. 9 64. 14 67., 23 71..46 74.,91 95.4

78 39 93. 1 97. 8 64. 61 67., 87 71.,94 75. 57 95. 2

80 59 95. 7 100. 3 66. 33 69., 53 73.,70 77. 25 95. 4

80 99 96. 2 100. 3 66. 64 69.,49 74..03 77. 19 95.9

81. 00 96. 2 100. 2 66. 65 69., 43 74.,04 77. 13 96. 0

82. 82 98. 4 102. 3 68. 11 70., 80 75.,53 78. 51 96. 2

81. 20 96. 4 100. 1 66. 61 69., 17 73.,99 76. 83 96. 3

81. 20 96.4 99. 7 66. 61 68.,88 73.,99 76. 51 96.7

81. 40 96.7 99. 8 66. 77 68. 91 74., 16 76. 53 96.9

80. 79 96.0 98. 8 66. 29 69. 19 73. 66 75. 78 97.2

80. 59 95.7 98. 2 66. 13 67.,83 73., 50 75. 38 97. 5

81. 60 96.9 98. 9 66. 93 68., 30 74., 32 75. 84 98.0

81. 59 96.9 98. 4 66. 93 67.,95 74., 31 75. 44 98. 5

81. 60 96.9 98. 3 66. 93 67. 88 74., 32 75. 38 98. 6

82. 19 97. 6 98. 9 67. 41 68., 30 74.,81 75. 80 98. 7

81. 37 96.7 98. 0 66. 75 67. 63 74. 13 75. 11 98. 7

81. 74 97.1 98. 0 67. 05 67. 66 74. 44 75. 12 99. 1

81. 95 97. 3 98. 2 67. 21 67. 82 74. 61 75. 29 99.1

80. 29 95. 4 95. 7 65. 90 66. 10 73. 26 73. 48 99.7

79. 87 94.9 95. 1 65. 57 65. 70 72. 93 73. 08 99.8

80. 08 95.1 94. 6 65. 73 65. 40 73. 09 72. 73 100. 5

80. 05 95. 1 94. 4 65. 71 65. 25 73. 07 72. 56 100. 7

80. 67 95.8 95. 1 66. 19 65. 73 73. 56 73. 05 100.7

82. 32 97. 8 97. 0 67. 51 66. 97 74. 91 74. 32 100. 8

82. 32 97. 8 96. 8 67. 51 66. 84 74. 91 74. 17 101.0

83. 16 98. 8 98. 0 68. 18 67. 64 75. 60 75. 00 100. 8

84. 38 100. 2 99. 4 69. 16 68. 61 76. 60 75. 99 100. 8

83. 77 99.5 98. 7 68. 67 68. 13 76. 16 75. 50 100. 8

85. 79 101.9 100. 9 70. 29 69. 59 77. 76 76. 99 101.0

87. 23 103. 6 102. 8 71. 45 70. 88 78. 94 78. 31 100. 8

86. 58 102. 8 101. 9 70. 58 69. 95 78. 06 77. 36 100.9

86. 58 102. 8 102. 0 70. 58 70. 02 78. 06 77. 44 100. 8

88. 04 104. 6 103. 8 71. 72 71. 15 79. 22 78. 59 100.8

88. 66 105. 3 104. 3 72. 20 71. 49 79. 71 78. 92 101.0

89. 10 105.8 104. 6 72. 54 71. 75 80. 06 79. 19 101. 1

89. 95 106. 8 105. 2 73. 20 72. 12 80. 74 79. 55 101. 5

88. 44 105. 5 103. 6 72. 34 71. 06 79. 86 78. 45 101.8

87. 48 103.9 102. 2 71. 28 70. 09 78. 78 77. 46 101. 7

88. 26 104.8 102. 7 71. 89 70. 48 79. 40 77. 84 102.0

87. 64 104. 1 101. 8 71. 41 69. 80 78. 90 77. 13 102. 3

87. 78 104. 3 101. 9 71. 52 69. 84 79. 02 77. 17 102.4

90. 72 107. 8 105. 4 73. 80 72. 14 81. 35 79. 52 102. 3

Period

I960:

J anuary---------

F eb ru ary-------

M a rch------------

| A p ril---------------

J u ly ----------------

August------------

S ep tem b er ----

O cto b e r ---------

N ovem ber------

D ecem b er ------

1961:

J anuary---------

F eb ru ary-------

M a rch ------------

A p ril--------------

June----------------

August------------

S ep tem b er ----

O cto b e r ---------

N ovem ber------

D ecem b er ------

1962 :

J anuary---------

F eb ru ary-------

M a rch------------

June----------------

J u ly ----------------

A u g u st-----------

Septem ber------

O cto b e r ---------

N ovem ber------

D ecem b er ------ 1963:

J anuary---------

February -------

M a rch ------------

A p r i l-------------

June----------------

J u ly ----------------

A u gu st-----------

Septem ber------

O ctob er ---------

N ovem ber------

D ecem b er ------ 1964:

January ---------

F eb ru ary -------

M a rch ------------

M a y ----------------

J u ly ----------------

August------------

Septem ber------

O cto b e r ---------

Average weekly earnings

G ross

Net spendable ConW orker with no W orker with 3 sumer

dependents dependents P rice

Actual Real Current 1957-59 Current 1957-59

Index

Amount Index index dollars dollars dollars dollars

$91.08 1Q8. 2 105.9 $73. 62 $72.04 $81.18 $79. 43 102. 2

89.95 106. 8 104. 3 72. 75 71.04 80.29 781 41 102. 4

89. 72 106. 6 104. 1 72. 57 70. 87 80. 11 78. 23 102. 4

88. 65 105. 3 102. 3 71.75 69. 73 79. 26 77.03 102.9

90. 40 107. 4 104.4 73. 10 71.04 80. 65 78. 38 102. 9

90. 63 107. 6 104.4 73. 28 71.08 80.83 78. 40 103. 1

90. 17 107. 1 103. 8 72.92 70. 66 80.46 77.97 103. 2

89. 55 106. 4 103. 1 72. 44 70. 19 79.97 77. 49 103. 2

89. 89 106. 8 103.4 72. 71 70. 39 80. 24 77. 68 103. 3

90. 12 107. 0 103. 2 72. 88 70. 28 80.42 77. 55 103. 7

89. 21 106.0 102. 1 72. 18 69. 54 79.71 76. 79 103. 8

88. 39 105.0 101. 1 71. 55 68. 86 79.06 76.09 103. 9

89. 08 105. 8 101. 9 72.08 69.44 79. 60 76. 69 103. 8

88.92 105. 6 101.6 71.96 69. 26 79.48 76. 50 103. 9

89. 54 106.4 102. 4 72. 43 69. 71 79.97 76. 97 103.9

90. 39 107.4 103.4 73.09 70. 35 80. 64 77. 61 103. 9

91.71 108.9 104.9 74. 11 71.40 81.68 78. 69 103. 8

93.03 110. 5 106. 3 75. 15 72. 26 82. 74 79. 56 104.0

92. 80 110. 2 105. 6 74.97 71. 81 82. 56 79. 08 104. 4

92. 86 n o . 3 105. 8 75.01 71.92 82. 61 79. 20 104. 3

92. 34 109. 7 104. 9 74. 60 71. 32 82. 18 78. 57 104. 6

94. 54 112. 3 107. 4 76. 36 73.00 83.98 80. 29 104. 6

95. 82 113.8 108. 8 77. 39 73.99 85.03 81. 29 104. 6

96. 22 114.3 109.4 77.71 74. 36 85. 36 81. 68 104. 5

94. 49 112. 2 107.4 76. 20 72. 92 83. 83 80. 22 104. 5

94. 80 112.6 107.4 76.45 72. 95 84.09 80. 24 104.8

95.91 113.9 108. 5 77. 34 73. 66 85.00 80.95 105.0

96. 56 114. 7 109.0 77. 86 74. 01 85. 53 81. 30 105. 2

96. 80 115.0 109.3 78.05 74. 19 85. 73 81.49 105. 2

97. 27 115. 5 109.7 78. 43 74. 48 86. 11 81. 78 105. 3

96. 39 114. 5 108.5 77.72 73. 67 85. 39 80. 94 105. 5

95. 75 113. 7 107.8 77. 21 73. 18 84. 87 80.45 105. 5

97. 27 115.5 108.9 78. 43 73. 92 86. 11 81. 16 106. 1

96.72 114.9 108. 4 77.99 73. 58 85.66 80. 81 106.0

97. 36 115.6 109. 1 78. 50 74. 06 86.19 81. 31 106.0

98. 42 116.9 110. 5 79. 35 75.00 87. 05 82. 28 105. 8

97. 44 115.7 109. 2 78. 11 7 3. 69 85.78 80.92 106.0

97. 20 115.5 108 .9 77.92 73. 44 85. 58 80. 66 106. 1

98. 09 116. 5 109. 7 78. 63 74.04 86. 31 81. 27 106. 2

97. 36 115. 6 108.9 78. 04 73. 48 85. 72 80. 72 106. 2

99.23 117.9 111.0 79. 51 74. 87 87. 25 82. 16 106. 2

100.37 119. 2 111. 8 80. 38 75. 40 88. 18 82.72 106. 6

99. 63 118. 3 110. 5 79. 82 74. 53 87. 58 81.77 107. 1

98.42 116.9 109. 2 78. 89 73. 66 86. 58 80. 84 107. 1

100.53 119. 4 111. 5 80. 51 75. 17 88. 31 82. 46 107. 1

100.78 119. 7 111. 7 80. 70 75. 28 88. 52 82. 57 107. 2

100.85 119. 8 111. 5 80. 75 75. 19 88. 58 82. 48 107. 4

102. 66 121.9 113. 3 82. 14 76. 34 90.06 83. 70 107. 6

99.90 118. 7 110. 2 81.98 76. 12 89. 65 83. 24 107. 7

100.75 119. 7 111. 2 82. 65 76. 81 90. 35 8?. 97 107. 6

101.40 120.4 111.8 83. 16 77. 21 90.89 84. 39 107.7

102.06 121. 2 112.4 83. 68 77. 63 91.43 84. 81 107. 8

102.97 122. 3 113. 5 84. 40 78. 29 92. 18 85. 51 107. 8

103.73 123. 2 114. 1 85. 00 78.70 92.81 85.94 108.0

102. 97 122. 3 112.9 84. 40 77. 93 92. 18 85. 12 108. 3

103.07 122.4 113.1 84. 48 78.08 92. 26 85. 27 108. 2

104. 19 123.8 114. 2 85. 36 78. 75 93. 19 85.97 108. 4

102. 82 122. 1, 112. 5 84. 28 77. 68 92.06 84. 85 108. 5

Digitized for FRASER 

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Federal Reserve Bank of St. Louis
Table 5. Average Weekly Earnings of Production W orkers in Manufacturing Industries and the Consumer P rice Index, Selected P eriod s, 1941—68— Continued

Average weekly earnings

G ross

Net spendable ConWorker with no W orker with 3 sumer

dependents dependents Index 1

Actual Real Current 1957-59 Current 1957-59

Amount Index index dollars dollars dollars dollars

$ 104. 30 123.9 114.0 $ 85. 45 $ 78. 61 $ 9 3 . 28 $ 85.81 108. 7

107.07 127. 2 116.9 87. 63 80 . 54 9 5 . 56 87.83 108. 8

105. 52 125. 3 115. 1 87.47 80. 32 95.09 8 7 . 32 108. 9

106. 19 126. 1 115. 8 88.00 80.81 95 . 65 87 . 83 108. 9

106. 71 126. 7 116. 2 88.42 81. 12 96.09 88 . 16 109.0

105. 82 125. 7 115.0 87.71 80. 25 9 5 . 34 8 7 . 23 109. 3

107.53 127. 7 116. 5 89.08 81.28 96.78 8 8 . 30 109. 6

107.79 128. 0 116. 3 89.29 81. 10 96.99 8 8 . 09 110. 1

107.01 127. 1 115. 3 88. 66 80.45 9 6 . 34 87.42 n o . 2

106.45 126.4 114.9 88. 21 80. 19 9 5 . 87 87.15 n o . o

108.09 128. 4 116. 5 89. 53 81.24 97. 25 88. 25 n o . 2

109.03 129. 5 117. 3 90 . 28 81.78 98. 04 88.80 110.4

109.71 130. 3 117. 8 90. 83 8 2 . 12 9 8 . 61 89.16 n o . 6

110.92 131.7 118. 6 91. 80 82.70 99.62 89.75 111.0

110.00 130. 7 117. 7 89.79 8 0 . 89 9 7 . 58 87.91 111.0

110.95 131.8 118. 1 90. 51 81. 10 98 . 34 88 . 12 111. 6

110.95 131. 8 117. 7 90 . 51 80 . 81 9 8 . 34 87.80 112.0

1 1 1 .24 132. 1 117. 4 9 0 . 73 80. 65 9 8 . 57 87 . 62 112. 5

112. 47 133. 6 118. 7 91 . 67 81.41 9 9 . 55 8 8 . 41 112. 6

112. 74 133. 9 118. 6 91.87 81. 37 9 9 .7 7 8 8 . 37 H 2. 9

1 1 1 . 38 132. 3 116. 8 90 . 84 80. 18 9 8 . 68 8 7 . 10 113. 3

1 1 1 .78 132. 8 116. 7 91 . 14 80.09 99.00 86.99 113. 8

114. 13 135. 6 118. 8 92.93 81.45 100.88 88.41 114. 1

113. 85 135. 2 118. 1 92.72 80.98 100.65 87.90 114. 5

113.99 135. 4 118. 2 92 . 82 80 . 99 100.76 8 7 . 92 114. 6

114. 40 135.9 118. 5 93 . 13 81. 19 101.09 88 . 13 114.7

(Indexes, 1957-59 = 100)

196 4r—C ontinue d

N ovem ber------

D ecem b er ------

1965;

J anuary----------

February -------

M a rch ------------

A p r i l--------------

M a y----------------

J u n e ---------------

J u ly ----------------

A u gu st-----------

S ep tem b er -----

O ctob er ----------

N ovem ber-------

D ecem b er -------

1966:

J anuary----------

1967:

J anuary-------

February ----

M a rch ---------

A p r i l----------

M a y -------------

June-------------

J u ly -------------

A u g u st--------

September —

O cto b e r -------

Novem ber — 

D ecem ber — 

1968:

January -------

February ----

M a rch ---------

A p r i l-----------

M a y --------;----

J u n e ------------

J u ly -------------

A u g u st--------

September —

O cto b e r -------

N ovem ber — 

D ecem ber —

Average weekly earnings

G ross

Net spendable ConW orker with no W orker with 3 Sp r i c e dependents dependents Index

Actual Real Current 1957-59 Current 1957-59

Amount Index index dollars dollars dollars dollars

$113.42 134.7 117.4 $ 9 2 . 1 6 $80.35 $100.08 $87. 25 114.7

1 1 1 . 88 132.9 115.8 9 1 . 0 0 79.27 9 8 . 8 6 8 6 . 1 1 114.8

112.44 133. 6 1 1 6 . 2 9 1 .42 79. 50 99. 30 86.35 115.0

112. 56 133. 7 1 1 6 . 0 91.51 79. 37 99.40 8 6 . 2 1 115. 3

113.81 135. 2 117.0 92. 46 79.98 1 0 0 .39 86.64 115. 6

114. 49 136.0 117. 2 92.97 80.15 100.93 87.01 1 1 6 . 0

113. 65 135.0 115.9 92. 34 79. 26 100.27 86.07 116.5

113. 39 136.0 116. 3 92.97 79. 53 100.93 8 6 . 34 116.9

116. 85 138.8 118. 5 94. 76 8 0 . 9 2 102. 83 87.81 117. 1

1 1 6 . 28 138. 1 117.5 94. 33 80. 28 102. 37 87.12 117.5

117. 50 139. 6 118.5 95. 26 80. 87 103. 35 87.73 117.8

119. 6 0 142. 1 1 2 0 . 2 96. 85 81.94 105.04 88.87 118. 2

117. 60 139.7 117. 8 95. 33 80. 38 103. 43 87. 21 118. 6

119.36 141.8 119. 2 9 6 . 6 6 81.23 104. 85 8 8 . 1 1 1 1 9 . 0

1 2 0 . 18 142. 7 119.4 97. 29 81.41 105. 50 88.28 119. 5

118. 2 1 140.4 117.1 94.07 78. 46 103. 23 8 6 . 1 0 11$. 9

1 2 2 . 29 145. 3 1 2 0 . 8 97.08 80. 70 106. 38 88.43 120. 3

123. 30 146. 5 1 2 1 . 2 97. 83 80. 9 2 107. 1 6 8 8 . 64 120.9

1 2 2 . 1 0 145.0 119. 3 96.94 79.79 106. 23 87.43 121. 5

1 2 1 . 69 144. 5 118. 5 96. 64 79. 28 105.91 8 6 .8 8 121.9

125. 6 6 149. 3 1 2 2 . 2 99.57 81.48 1 0 8 . 9 8 89. 18 1 2 2 . 2

125. 77 149.4 1 2 1 . 6 99.65 81.08 1 0 9 .0 6 88.74 122.9

125. 97 149. 6 1 2 1 . 2 99. 80 80.88 109. 2 2 88.51 123.4

127.82 151.8 122. 7 101.17 81.79 110.65 89.45 123.7

Digitized for FRASER 

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Federal Reserve Bank of St. Louis
Table 6 . Average Weekly Earnings of Production Workers in Manufacturing Industries and the Consumer P rice Index, Annual A verages, 1939—68

(Indexes, 1957-59 = 100)

Year

Average weekly earnings

Consumer

P rice

Index

Year

Average weekly earnings

Consumer

P rice

Index

G ross

Net spendable

G ross

Net spendable

Worker with no 

dependents

Worker with 3 

dependents

W orker with no 

dependents

W orker with 3 

dependents

Actual Real

index

Current

dollars

1957-59

dollars

Current

dollars

1957-59

dollars

Actual Real

index

Current

dollars

1957-59

dollars

Current

dollars

1957-59

dollars Amount Index Amount Index

1939----------------------- $23. 64 28. 1 58. 1 $23. 37 $48. 29 $23. 40 $48. 35 48. 4 1954 _______ $70.49 83. 7 89.4 $58. 45 $62.45 $65. 65 $70. 14 93.6

1 9 5 5 -------------------- 75. 70 89.9 96.4 62. 51 67.00 69.79 74. 80 93. 3

1940----------------------- 24.96 29. 6 60. 7 24. 46 50. 12 24. 70 50. 64 48.8 1956 -------------------- 78. 78 93.6 98. 8 64.92 6 8 . 55 72. 25 76. 29 94. 7

1941----------------------- 29.48 35.0 6 8 . 2 27.96 54. 50 29. 19 56.90 51. 3 1957 -------------------- 81.59 96.9 98.9 66.93 6 8 . 30 74. 31 75.83 98.0

1942----------------------- 36. 6 8 43. 6 76. 8 31.80 55.99 36. 31 63.93 56.8 1958 -------------------- 82.71 9 8 . 2 97.5 67.82 67. 35 75. 23 74. 71 100. 7

1 9 4 3 ----------------------- 43.07 51.2 84. 9 35.95 59. 62 41. 33 6 8 . 54 60. 3 1 9 5 9 -------------------- 8 8 . 26 104. 8 103. 3 71. 89 70. 83 79. 40 78. 23 101. 5

1 9 4 4 ----------------------- 45. 70 54. 3 8 8 . 6 37.99 61.97 43. 76 71. 39 61. 3

1 9 4 5 ----------------------- 44. 20 52. 5 83. 7 36. 82 58.72 42. 59 67.93 62.7

1946----------------------- 43. 32 51. 5 75. 7 37. 31 54. 87 42. 79 62.93 6 8 .0 I960 -------------------- 89.72 1 0 6 . 6 103.4 72. 57 70. 39 80. 1 1 77.70 103.1

1947----------------------- 49. 17 58.4 75. 1 42. 10 54. 11 47. 58 6 1 . 1 6 77.8 1 9 6 1 -------------------- 92. 34 109. 7 105. 3 74. 60 71.59 82. 18 78.87 104. 2

1948----------------------- 53. 12 63. 1 75. 3 46. 57 55. 57 52. 31 62.42 83.8 1962 -------------------- 96. 56 114. 7 108.8 77. 8 6 73. 87 85. 53 81. 15 105.4

1 9 4 9 ----------------------- 53. 8 8 64.0 77. 1 47. 21 56. 8 8 52.95 63.80 83.0 1963 -------------------- 99. 63 118. 3 110.9 79. 82 74. 81 87. 58 82.08 106. 7

1964 -------------------- 102.97 122. 3 113. 1 84. 40 78.08 9 2 . 18 85. 27 108. 1

1950----------------------- 58. 32 69. 3 82.7 50. 26 59.98 56. 36 67. 26 83.8 1965 -------------------- 107. 53 127. 7 116. 2 8 9 .0 8 8 1 . 0 6 96. 78 88.06 109.9 1951----------------------- 63. 34 75. 2 83. 1 52. 97 58. 53 60. 18 66.50 90. 5 1 9 6 6 -------------------- 112. 34 133.4 117.9 91. 57 8 0 . 9 6 99.45 87.93 113.1

1952----------------------- 67. 16 79. 8 8 6 . 3 55.04 59.50 62.98 68.09 92.5 1967 -------------------- 114.90 136. 5 117.4 93. 28 80. 2 1 101.26 87.07 116. 3

1 9 5 3 ----------------------- 70.47 83. 7 8 9 . 8 57. 59 61.79 65.60 70. 39 93.2 1968 122. 51 145. 5 1 2 0 . 0 97. 70 80. 61 106.75 88.08 1 2 1 . 2

Digitized for FRASER 

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Federal Reserve Bank of St. Louis
Appendix A

S cop e and M eth od o f Index C o n stru ctio n

A v e r a g e W eek ly and H ou rly E a rn in g s and W eek ly H ou rs

T h ese data w e r e obtain ed fr o m E m p loy m en t and E a rn in gs S ta tistics fo r the U nited 

S ta te s , 1909~68, BL.S B u lletin 1312—6, is s u e d in A ugu st 1968. A d is c u s s io n o f the m eth od ,

c o n c e p ts , and c o v e r a g e of the ea rn in g s s e r ie s is p ro v id e d in the te ch n ica l note o f the b u lletin .

A v e r a g e H ou rly E a rn in gs E xclu d in g the E ffe cts of O v e rtim e 

and In terin d u stry E m p loy m en t Shifts

The p r e s e n t in d e x e s . T h ese in d ex es a re co m p ile d by a ssig n in g con stan t w e ig h ts, b a se d 

on 1966 p ro d u ctio n w o r k e r em p lo y m e n t, to the ea rn in gs fig u r e s fo r th ese w o r k e r s ex clu d in g 

o v e r tim e p re m iu m pay fo r ea ch (3 -d ig it SIC) in d u stry . The in d u strie s w e re b a se d on the 

1967 Stan dard In d u stria l C la s s ific a tio n M a n u a l. The e ffe c ts o f em p loym en t sh ifts am on g 

the in d u strie s thus a re e lim in a te d , but any sh ifts w ithin th ese g rou p s ^i. e. , at the 4 -d ig it 

le v e l) do a ffe c t the data.

Data w e r e not a v a ila b le fo r a ll 3 -d ig it in d u strie s p r io r to 1959. H en ce, the p re v io u s 

in d ex , in w h ich m a jo r in d u stry grou p ( 2 - d ig it SIC) ea rn in g s w e r e g iv en con stan t e m p lo y ­

m en t w e ig h ts, w as lin ked w ith the new in d ex to p r o v id e a con tin u ou s s ta tis tic a l s e r ie s .

In the m a n u fa ctu rin g w age in d ex, p re s e n te d h e re fo r the p e r io d begin n in g Jan uary 1959, 

d u ra b le g ood s a cco u n t fo r 58. 5 p e r c e n t, and n on d u rable g ood s 41. 5 p e r c e n t, o f the total 

w eigh t. The w eigh ts a ssig n e d to ea ch in d u stry grou p a re p re s e n te d in ap pen dix B. The 

d u ra b le g ood s in d ex in clu d es data fo r the ord n a n ce ; lu m b e r; fu rn itu re ; ston e, cla y , and 

g la s s ; m e ta lw o rk in g ; and m is c e lla n e o u s m an u fa ctu rin g in d u s trie s . The n on d u rable g ood s 

in dex in clu d es data fo r the fo o d , to b a c c o , te x tile s , a p p a re l, p a p e r, p rin tin g , c h e m ic a ls , 

p e tr o le u m , ru b b e r, and le a th e r in d u s trie s .

In dexes fo r y e a r s p r io r to 1959. T h ese in d ex es w e re co m p ile d by a ssig n in g con stan t 

w eigh ts to the ea rn in g s fig u r e s ex clu d in g o v e r tim e p re m iu m pay fo r each m a jo r in d u stry 

( 2 - d ig it SIC) g rou p . E x ce p t fo r a r e la tiv e ly s m a ll n u m b er o f in d u stry g rou p s in w h ich th ere 

a re s e v e r a l im p orta n t (3 -d ig it SIC) in d u strie s to w h ich se p a ra te con stan t w eigh ts h ave b een 

a s s ig n e d , the in d ex es e x clu d e the e ffe c ts o f sh ifts am on g m a jo r (2 -d ig it le v e l) in d u stry 

g ro u p s , but a re a ffe cte d by any sh ifts am on g in d u strie s w ithin th ese g ro u p s.

The on ly in d u stry g rou p s w ithin w h ich con sta n t w eigh ts w e r e a ssig n e d to e x clu d e the 

e ffe c ts on ea rn in g s o f in te rin d u stry em p loym en t sh ifts w e r e tra n sp o rta tio n equ ipm en t and 

e le c t r ic a l m a ch in e ry . W ithin th ese tw o in d u stry g ro u p s , m a n -h o u rs w e re h eld con sta n t fo r 

ea ch 3 -d ig it SIC c la s s ific a tio n . The in d u strie s w e re b a se d on the 1945 Standard In d u stria l 

C la s s ific a tio n M anual and the w eigh ts w e re a v e ra g e 1954 p ro d u ctio n m a n -h o u rs.

C o n su m e r P r ic e Index

F o r a h is to r y and d e s c r ip tio n o f the C o n su m e r P r ic e In dex, se e The C on su m er P r ic e 

Index, a S h ort D e s c r ip tio n , 1967, a v a ila b le on req u est.

13

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Federal Reserve Bank of St. Louis
14

Major Factors Influencing Bureau of Labor Statistics Measures of Wage Changes

Factor

Weekly earnings Average hourly earnings

Gross Real

Net

spendable

Gross

Excluding overtime 

with industry 

weights as currently reported

Excluding overtime 

and adjusted for 

interindustry shifts 

in employment

General changes in hourly rates-------------------------------- X X X X X X

Adjustments in the hourly rates of individual

workers (or small groups) in recognition

of merit, length of service, e t c ---------------------------- X X X X X X

Changes in:

Liberality of basis for incentive pay--------------------- X X X X X X

Output of workers paid on an incentive basis-------- X X X X X X

Prevalence of incentive payment------------------------- X X X X X X

Relative importance of individual companies

or establishments---------------- ---------------------------- X X X X X X

Composition of the labor force---------------------------- X X X X X X

Occupational structure--------- ------------------------------ X X X X X X

Relative importance of individual regions

or localities---------------------------------------------------- X X X X X X

Provisions for premium pay for work on

extra shifts------------------------------------------------------ X X X X X X

Extent of extra-shift work at premium pay----------- X X X X X X

Provisions for premium pay for overtime work------ X X X X X X

Relative importance of individual industries-------- X X X X X

Prevalence of overtime work at premium p a y ----- X X X X

Weekly hours of work------------------------------------------ X X X

Payroll deductions for ta x e s -------------------------------- X

Consumer Price Index ------------------------- ------------ X (!)

1

Influences net spendable earnings shown in terms of 1957—59 dollars,

Digitized for FRASER 

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Federal Reserve Bank of St. Louis
Appendix B

In d u s try W e ig h ts 2 U s e d in C o n s t r u c t in g the Index o f A v e r a g e H o u r ly 

Earnings Excluding the E ffect of O vertim e and Interindustry 

E m ploym ent Shifts for the P e rio d Beginning January 1959

SIC code Industry title

Durable G oods

Weight

19 Ordnance and A c c e s s o r ie s 0. 848

192 A m m u n it i o n , e x c e p t f o r s m a l l a r m s . 5$3

194 Sighting and fire con trol equipm ent . 042

1 9 1 ,3 ,5 ,9 Other ordnance and a c c e s s o r ie s . 253

24 L um ber and W ood P rod u cts 3. 829

241 L o g g in g c a m p s and lo g g in g c o n t r a c t o r s . 574

242 Saw m ills and planing m ills 1. 600

243 M illw ork, plyw ood, and related products . 971

244 W o o d e n c o n t a in e r s . 223

249 M iscellan eou s w ood products .461

25 F urniture and F ixtu res 2. 665

251 H ousehold furniture 1.983

252 O ffice furniture . 180

254 P artitions and fixtu res . 241

259 O th er fu r n it u r e and f i x t u r e s . 261

32 Stone, C lay, and G la ss P rod u cts 3. 625

321 Flat glass . 182

322 G lass and gla ssw a re, p re sse d or blown . 753

323 P rod u cts of pu rchased glass . 139

324 C em ent, hydraulic . 204

325 Structural clay products . 411

326 P ottery and related products . 261

327 C o n c r e t e , g y p s u m and p la s t e r p r o d u c t s . 971

328 Cut stone and stone products . 704

33 P rim a ry M etal Industries 7. 611

331 B last fu rn ace and ba sic steel products 3. 724

332 Iron and steel foundries 1,421

333 N on ferrou s sm elting and refining .4 2 3

335 N on ferrou s rolling and drawing 1. 133

336 N on ferrou s foundries . 517

339 M iscellan eou s p rim a ry m etal products . 393

34 F abricated M etal P rodu cts 7.412

341 M etal cans . 375

342 C utlery, handtools, and hardw are . 908

343 Plum bing and heating, except e le ctric .423

344 F abricated structural m etal products 2. 046

345 S crew m ach in e produ cts, bolts, etc. . 604

346 M etal stam pings 1. 371

347 M etal s e r v ic e s , n . e . c . .493

348 M iscellan eou s fabricated w ire products . 385

349 M iscellan eou s fabricated m etal products . 807

2 Based on 1966 production worker employment.

15

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SIC code Industry title Weight

Durable G oods— Continued

35 M a ch in ery , E xcept E le c tr ic a l 9. 255

351 Engines and turbines .463

352 F a rm m a ch in ery . 761

353 C onstruction and related m a ch in ery 1. 325

354 M eta lw ork in g m a c h in e r y 1. 775

355 S pecial industry m ach in ery . 982

356 G eneral industry m a ch in ery 1. 317

357 O ffice and com puting m ach in es . 892

358 S e rv ice s industry m ach in es . 571

359 M iscellan eou s m a ch in ery, except e le ctrica l 1. 169

36 E le ctrica l Equipm ent and Supplies 9. 268

361 E le ctric test and distributing equipm ent . 930

362 E le ctrica l industrial apparatus 1.072

363 H ou seh old a p p lia n ce s 1. 013

364 E le ctric lighting and w iring equipm ent 1. 051

365 R adio and television receivin g equipm ent .951

366 C om m unication equipm ent 1. 645

367 E lectron ic com ponents and a c c e s s o r ie s 2. 023

369 M i s c e l l a n e o u s e l e c t r i c a l e q u ip m e n t and s u p p lie s . 583

37 T ransportation Equipm ent 9. 542

371 M otor v eh icles and equipm ent 4. 726

372 A ircra ft and parts 3. 155

373 Ship and boat building and repairing 1.004

374 R ailroad equipm ent . 331

379 Other tran sportation equipm ent . 326

38 In stru m en ts and R ela ted P ro d u cts 1.933

381 E ngineering and scien tific instrum ents . 271

382 M ech anical m easu rin g and con trol d ev ices . 487

383 O ptical instrum ents and len ses . 248

384 M ed ical instrum ents and supplies . 318

386 P hotographic equipm ent and supplies . 396

387 W atches, clo ck s and w atch cases . 213

39 M iscellan eou s M anufacturing Industries 2.476

391 Jew elry, silv erw a re, and plated w are "T 26S

394 T oys and sporting goods . 716

395 P en s, p en cils, office and art supplies . 185

396 C ostum e je w e lry and notions . 335

399 Other m anufacturing industries . 974

Nondurable G oods

20 F ood and Kindred P roducts 8. 214

201 M eat produ cts 1.797

202 D airy products . 894

203 Canned, cu red , and frozen food s 1. 648

204 Grain m ill products . 612

205 B akery products 1. 148

206 Sugar . 209

207 C on fection ery and related products .437

208 B everag es . 825

209 M iscellan eou s food and kindred products . 644

21 T o b a c c o M a n u fa c t u r e s . 502

211 C igarettes 7225

212 C igars . 146

213 Chewing and sm oking tob a cco . 065

214 T o b a cco stem m ing and redryin g . 065

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SIC code Industry title

Nondurable G oods— Continued

Weight

22 T extile M ill P rod u cts 5. 973

221 W eaving m ills , cotton 1.536

222 W eaving m ills , synthetics . 606

223 W eaving and finishing m ills , w ool . 271

224 N arrow fabric m ills . 198

225 Knitting m ills 1.477

226 T extile finishing, except w ool .452

227 F loor coverin g m ills . 243

228 Y arn and thread m ills . 753

229 M iscellan eou s textile goods . 437

23 A p p arel and Other Textile P rodu cts 8. 733

231 M en 's and boys' suits and coats . 759

232 M e n ’ s and b o y s 1 fu r n is h in g s 2. 332

233 W om en 's and m is s e s ' outerw ear 2. 683

234 W om en 's and ch ild ren 's undergarm ents . 787

235 Hats, cap s, and m illin ery . 175

236 C h ild ren 's outerw ear . 506

237 Fur goods and m iscella n eou s apparel .480

239 M iscellan eou s fabricated textile products 1.011

26 P aper and A llied P roducts 3. 675

261 P u lp m i l l s 1. 217

263 P ap erboard m ills . 383

264 M iscellan eou s con verted paper products . 882

265 P ap erboard containers and boxes 1. 193

27 Printing and Publishing 4. 595

271 N ew spapers 1.260

272 P e r i o d i c a l s . 182

273 B ooks . 386

275 C o m m e rica l printing 1.802

278 B la n k b o o k s and b o o k b in d in g . 320

2 7 4 ,6 ,9 Other publishing and printing industries . 645

28 C h em icals and A llied P roducts 4. 017

281 Industrial ch em ica ls 1. 194

282 P l a s t i c s m a t e r i a l s and s y n th e tic s . 975

283 Drugs . 470

284 Soap, cle a n e rs, and toilet goods . 463

285 Paints and allied products . 262

287 A gricu ltu ral ch em ica ls . 249

289 Other ch em ica l products . 404

29 P e t r o l e u m and C o a l P r o d u c t s . 802

291 P etroleu m refining . 625

295,9 Other petroleum and coal products . 177

30 R ubber and P la stics P rod u cts, n . e . c . 2. 821

301 T ire s and inner tubes . 537

306 F abricated rubber products,n. e. c. 1.011

307 M iscellan eou s plastics products 1. 273

31 L e a th e r and L e a th e r P r o d u c t s 2. 203

311 L e a t h e r tanning and fin is h in g . 194

314 F ootw ear, except rubber 1.481

317,9 O th er le a t h e r p r o d u c t s . 528

U. S. GOVERNMENT PRINTING OFFICE : 1969 O - 350-874

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