Word: nonfarm
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Dates: during 1970-1979
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...according to the Labor Department, in this year's first quarter, private nonfarm productivity declined at an annual rate of 3.5% largely as a result of the severe first-quarter drop in real output of goods and services.* As is usual in times of an economic slowdown, both workers and machines operated below optimum efficiency because employers did not trim their work force as fast as they reduced production. The main cause of the productivity slump in the first quarter was that the gasoline crisis forced automakers to cut production of big, gas-drinking cars. Since auto manufacturing...
...current downturn has lasted roughly three months, and no figures are yet available on what has happened to real G.N.P.Industrial production has dropped 1.4%, the jobless rate has risen six-tenths of a percentage point, to 5.2%, and employment has declined in about 20% of the nonfarm industries. So, by NBER standards, the U.S.is not yet in a recession-though it could enter one later...
...above $10,000, to $10,285. The bad news was that inflation had wiped out the gain; in constant dollars the median income was almost exactly the same as in 1970. At the same time, the number of poor in the U.S. (a poor family is defined as a nonfarm family of four with an income of less than $4,137) remained virtually unchanged: about 13% of the population...
There were some encouraging signs; housing for blacks improved considerably during the decade, for example. But the number of Americans- blacks and whites, Indians and Chicanos-living in poverty (defined as an income below $3,968 for a nonfarm family of four) amounted to 25.5 million, one-eighth of the population...
Fool's Sold. Thanks to alert leadership in a growing number of states, during the past five years fully one-third of the nation's 4,000,000 4-H members have been signed up in cities; another third now live in "nonfarm" suburban areas. Youngsters producing blue ribbon bread and corn still exist, but their numbers are declining. "We used to put more emphasis on the chicken than on the child," says Indiana State Leader Edward L. Frickey. "Now we put the blue ribbon...