Word: indexable
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...last week inflation was no longer a future threat to the U.S., it was here. Since August 1939 (chosen by the Bureau of Labor Statistics as the index month for prices of 28 basic commodities) prices have risen steadily. After 23 months of piecemeal price control, the Administration and the House Banking & Currency Committee hacked out a tentative control bill. Last August the committee began hearings. After two weeks of desultory wrangling, the committeemen adjourned. The price index then had risen...
Last week-a month later-the committee returned to its boggled bill, and found that the index had jumped seven points, stood...
...Federal Reserve Board last week revised the best-known U.S. business barometer, its own monthly Index of Industrial Production. Its ingredients were reshuffled in order to give more weight to armament production. Result: a slightly higher level of indicated production, averaging three points a month since the beginning...
Greatest innovation was the inclusion of production data (in terms of man-hours) in U.S.-owned arsenals, quartermaster depots, shipyards. Government production has never before been included in a business index. Because of the amazing increase in electric steel output (1929: 1,066,000 tons; estimate 1941: 3,000,000) and its importance to defense, it too was added to the Index for the first time. Because labor productivity in aircraft plants has increased, the weight of this ingredient (expressed in man-hours) was increased...
Production Steady: The Labor Day holiday brought no slackening in U.S. business, TIME'S index rose to 162.0 (preliminary) in the Sept. 6 week against 161.5 (final) for the preceding week. To steelmakers goes credit for most of the rise; practically all of them worked on the holiday...