Word: nonfarmers
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...good reason, many builders, lenders and manufacturers of building supplies blame Washington for the un even flow of mortgage money. And in last year's tight-money squeeze, they were so starved for funds that home-building fell to a nine-year low of 1,228,000 new nonfarm starts. Last week six major materials-making companies teamed up to try to reduce housing's dependence on federal credit and the vagaries of national economic policies...
...down 25% . F. W. Dodge Co., surveying six-month activity in the construction industry, re ported that while total building is up 8% over the first six months of 1965, residential building has dropped 1 % be cause of "the mortgage gap." This year, predicted Dodge, 1,425,000 private, nonfarm homes will be built, a drop of 100,000 from earlier estimates...
...search for skilled workers is reaching fever level as the U.S. manpower pool is drained at an accelerating rate by the nation's 58-month economic advance. Last week the Labor Department reported that nonfarm payrolls covered a record 61.8 million workers in November, a 4.4% gain from a year ago-the largest in 14 years. While overall unemployment fell to an eight-year low of 4.2% in November, the jobless rate among skilled craftsmen has slumped...
...policy for rural America, with parity of opportunity as its goal." He listed some "harsh facts" of U.S. rural life, including such statistics as: 46% of rural families have incomes of less than $3,000 a year; one-fourth of all farm homes and one-fifth of all rural nonfarm homes are without running water; the educational attainment of rural dwellers lags two years behind that of their urban cousins, and health facilities are poor by comparison. "These deficiencies," the President said, "leave too few resources to support education, health, and other public services essential to development of the talent...
...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...