Word: indexed
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Dates: during 1970-1979
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Although the impact of still higher fuel prices in the economy will remain unclear for some time, indications are mounting that the long-awaited recovery is arriving sooner and snappier than many forecasts had predicted. Last week the Commerce Department reported that its index of leading indicators, which foretell the future direction of the economy, was up substantially in July for the fifth straight month. Meanwhile, the Labor Department announced revised figures showing a 5.8% rise during the April-June quarter in productivity in private non-farm sector jobs, which is vital to corporate profits and has been slipping...
Shocking new evidence arose last week that inflation has again become the nation's No. 1 economic worry. The consumer price index soared 1.2% in July, equal to a 15.4% compound annual rate. That was as bad as the worst month of inflationary 1974 and marked the second month in a row that the annual rate of price boosts has been in double figures. Food prices jumped a startling 1.7% in July, mainly because of hefty increases in meats, poultry and vegetables. Gasoline prices climbed even faster: 4.3%, or an average of 2.4? per gallon. The cost of fuel...
Although the consumer price index rose at an annual rate of 10% in June, no one really expects another round of double-digit inflation. But the figures do indicate more inflation than had been anticipated. One top Ford Administration economist, who had been estimating that prices would be rising at a 6% rate at year's end, now privately predicts 7%. Any prolonged new surge of inflation could threaten the recovery itself by making consumers turn cautious and reduce the spending that has been lifting the nation out of its slump...
...rate in both the third and fourth quarters. The biggest reason is a predicted tapering off of business inventory cutting. In addition, the statistics-except for those concerning inflation-have been good: unemployment fell from a peak of 9.2% in May to 8.4% in July, and the index of leading indicators in the second quarter registered the highest jump in 17 years. Auto sales and retail sales are generally improving...
Haruo's grueling day is not uncommon in Japan, where a child's chances for future success in politics, business or the professions depend heavily on the prestige of his gakureki-literally, his academic background. One index of the increasing pressure on young Japanese to pile up an impressive gakureki is the phenomenal rise of after-hours or weekend schools known as juku. Their main purpose: to help students cram for tough competitive entrance exams required to get into the most select high schools and the best colleges...