Word: dipping
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About "Those '58 Cars" [May 12]: Why don't they just dip the damn things in chrome? Think of all the labor saved...
...Overall unemployment was going down, though factory jobs in April fell off another 271,000 to 15 million. For the week ended May 5, the Labor Department reported the year's biggest drop in those collecting unemployment compensation, with a dip of 66,900 to a total of 3,265,700. Part of the drop was due to a seasonal pickup in outdoor workers, yet initial jobless claims for the week also turned down by 19,800. ¶Retail sales rose in April to $16.1 billion, 2% better than March. Most important, durable goods registered a gain...
...loss in the first quarter and expects a glum second quarter, even though "we have several indications that the bottom in demand was passed some time ago." Lukens Steel, hit by the slowdown in shipbuilding and heavy construction, said that first-quarter earnings will show a sharp dip from last year, when it was the industry's brightest star. But Lukens expects that 1958 as a whole will prove "a strong year...
Said Board Chairman Paul L. Davies of San Francisco's $300 million-a-year Food Machinery & Chemical Corp., who expects a rise in volume but a dip in profits in 1958: "My feeling is that recession within bounds is healthy. We have been in a boom economy since 1946. The pause will make us more efficient and competitive after setting new records for capital expansion. We need a breather for the economy to catch up with us. It will be healthy if it runs a year...
...YORK-LONG ISLAND AREA, with its growing suburbia, has still to feel a serious recession pinch. In the metropolitan area, jobs were climbing again after a January dip until nipped by the garment strike, and upstate unemployment is edging down. In Long Island's booming Nassau and Suffolk Counties, which had been hard-hit by cutbacks in defense spending, new industry is moving in at such a rate that some 75 new plants are under construction to add more electronics, nuclear energy, plastics, clothing, to the area's economy. Peak unemployment...