Word: nonfarm
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...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...
...meantime, during those five years, the other prongs of the C.E.D. plan would work toward making any price supports unnecessary. C.E.D. urges various measures for helping low-income farmers, and rural youngsters headed toward farming, to earn a living in nonfarm occupations. The proposals include 1) improvements in rural education, with a shift of emphasis from training for agriculture to training for industry, 2) extension of federal-state unemployment services to rural areas. 3) retraining programs for farmers, and even 4) direct grants to farm families moving off the land and into industrial centers...