Word: indexed
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Dates: during 1930-1939
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More than 500 applied in the two years the fellowships have been offered. Last year nine newspaper men studied at the university and this year twelve are studying. Represented this year are the United Press, the Associated Press, New York Herald Tribune, Petersburg (Va.) Progress-Index, Philadelphia Evening Bulletin, United States News, Montgomery (Ala.) Advertiser, Baltimore Evening Sun, Bismarck (N. Dak.) Leader, and the Boston Herald, and the Delta Democrat-Times (Greenville, Miss.) ford, author; Walter Lippman...
...consisted of two parts. Under its profit-sharing plan,* instituted in 1934, employes of five or more years' service shared $2,400,000 (compared to $556,800 last year). Under the three-year-old plan of adjusting wages to the cost of living (U. S. Department of Labor Index), employes shared another $2,350,000 (almost $1,000,000 less than 1938). Together, the two bonuses add 5-75% to employes' earnings for 1939's last six months...
...neat anomaly was to be found last week in the statistics of 1939's war boom. In October the Federal Reserve production index reached 120, past its 1937 peak of 118. Yet October employment (up 1,250,000 from 1938, according to Madam Secretary Perkins) was down by more than 1,000,000 men from 1937's peak...
...part this contrast may be due to screwy statistics (the production index is heavily weighted by certain industries), but in large part it represents technological improvements. For if improved machinery increases output per man, it is perfectly possible to have bigger production and bigger unemployment at the same time. Two examples of this can be found in two of the U. S.'s biggest employers: motors and steel. In 1937 motormakers bought connecting rod grinders that stepped up production from 250 to 850 units an hour, a machine for bending window-finish strips by which a five-man team...
...equally neat anomaly was to be found between 1939 and 1929's production and employment figures. At 120 the production index virtually duplicated 1929's peak (126), but 1939's unemployment is around 9,000,000. This is largely due to the fact that some 500,000 new workers come into the labor market each year: October's nonagricultural employment (34,649,000) was only 1,492,000 under 1929. For with a growing working population it would be perfectly possible to have employment and unemployment increase at the same time...