Word: nonfarm
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Dates: during 1960-1969
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...boat, enabling big and small business alike to prosper. The tide is still coming in strong: the Federal Reserve Board last week released record industrial production figures for June, and President Johnson personally announced "notable advances" for the second quarter in gross national product (a new record), nonfarm employment (another new record), and personal income. But the tide does not seem to be lifting everyone equally, and the Senate Select Committee on Small Business has just produced another, less pleasant nautical metaphor. As the committee sees it, U.S. small business is "floundering in the backwash" of the speeding economy, failing...
...risen only four-tenths of a point, and this year it had been rising by only half a point or less each month. That was good news, but the Labor Department had some new figures that made it even better. While production was surging ahead, nearly 500,000 new, nonfarm jobs were created in April, far more than is normally expected for the month. The new figures reduced unemployment among adult male workers to 3.8%, the lowest figure in more than six years...
Rankling Problem. Last week there also appeared one of the rare glimmers of hope for solving the nation's most rankling economic problem: unemployment. Though nonfarm employment usually drops by as much as 350,000 in February, it actually rose by 80,000 last month, to 56.9 million Americans at work in shops, offices and factories. Walter Heller expects that the business expansion will reduce the rate of unemployment from 5.4% to 5% or below by year's end. That would still be short of the Administration's goal of 4% , and the nation would still have...
...marketed less than $2,500 worth of farm goods a year. These families, whose poverty is often cited as a reason why federal farm subsidies must be continued, are not really farmers at all by any sensible criterion. Their net family income from agriculture averaged $217 a year. Their nonfarm income came to $2,884 per family. Counting them as farmers, and including their $217 a year in the national farm income averages, distorts and muddles federal farm policy. "These people," urges Professor Higbee, "should not be seriously considered when farm policy is debated and formulated...
...next vear, Government economists predict no fall-off in apartment building, but no sudden spurt in single-home building. It looks to them like another year of 1,400,000 private, nonfarm housing starts, worth $18 billion to the economy...