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Comparison of steel average hourly earnings and increases with other manufacturing

industries

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$0.907 .826

768 624 766 654 539 702 662 730 638 679 703 664 665 706 616 .666 611 627 575

240 265 227 170 207

. 191 .223 .226

. 170 . 196 . 180 .179 .144

Source: Bureau of Labor Statistics.

Comparison of steel workers' average hourly and average weekly earnings with vages

in other major industries

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1 Would be $2.071 plus other fringe benefits if companies' offer of 1242 cents raise plus benefits were included. With WSB recommendations, would be $88.91.

2 Would be $85.12 plus fringe benefits if companies' offer of 1242 cents plus benefits were included. With WSB recommendations would be $2.158.

Source: Bureau of Labor Statistics.

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Source: Steel; January 1, 1951 (p. 121) and October 1, 1951 (p. 127), and Office of Price Stabilization.

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Fin

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1946
1947
1948
1949
1950

1951
Month
Fin.

Fin-
Steel
ished
Stool

Fin-
Stool

Fin

Stool ishod

Fin

Steel ingots

Ished

Stool steel 1 ingots

ished steal

ingots
steel

stoel
ingots
stool
Ingots
steal

ingots January (2) 3.2 5.1 7.2 5.4

5.8 February

8.2

7.9 6.9 8.8 4.4 4.6 6.4 5.0

5.5 7.5

6.8 March 4.2 6.5

5.8 5.3

7.8 6.0 7.6 6.3

5.7 7.5 7.1 April

9.1 4.3 5.9 5.4 7.1 5.1 6.2 5.6 7.0 .. 5.8 8.2 6.6 May

3.7
5.4
5.3 7.6 5.2

7.6

2.6 June 3.7 5.6 5.3

9.1 7.0 5.5 7.3 5.2 6.5

8.1 6.6 July

4.2 6.6 5.0 6.6 5.2 7.1 4.5 5.8 5.7 8.1 6.0
August
5.0 6.9 5.3

7.4
6.7

8.2 Soplombor

8.7 4.6 6.6 5.1 6.8 5.5 7.4 5.2

8.2 6.2 October 5.3 6.9 5.7 7.6 6.0 8.0

8.8 November

5.0
5.2
7.8 3.3

8.0
Docombor
4.5 5.8 5.6 7.4 6.1 7.8 5.4 7.7

90 Includes bars, hot rolled-carbon and alloy, roinforcing: somimanufacturos; pipe and tube; plotes; rallo; shoots; strip-cold and hot rolled structural shapes, heavy: tin plate and ferneplate; wire and wire products.

2Dato for January included in February total. Source: U. 8. Department of Commerce, Survey of Current Business, compiled by American Iron and Steel Institute, and Office of Price Stabilization.

7.0

5.3

6.8

7.2

5.7

6.5

INDEXES OF WHOLESALE PRICES OF SEMI-FINISHED AND FINISHED STEEL

ANNUALLY, 1940-1951

(1926 - 100)

Index 200

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1941

1942

1943

1944

1945

1946

1947

1948

1949

1950

Source: U. S. Department of Labor, Bureau of Labor Statistics, and Office of Price Stabilization.

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