Word: offsets
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Dates: during 1940-1949
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This cautious optimism was provoked by the fact that industrial production and employment were again rising swiftly. The Bureau of the Census reported that its Aug. 13 survey showed the sharpest monthly rise in non-farm jobs (1,368,000) in years, more than enough to offset the seasonal drop in farm employment. Total U.S. employment rose to 59,947,000, the highest so far this year, while the number of jobless fell from 4,095,000 to 3,689,000. Secretary of Labor Maurice J. Tobin thought the rise had continued into September's first week, when unemployment...
According to Clark's analysis, whatever industrial progress Russia has made has been largely offset by agricultural stagnation. Soviet productivity, rated in 1900 at .15 IUs (15? worth of goods per man-hour, at U.S. 1925-34 prices), dropped to .10 after the land reforms of 1918-19; it rose to .16 in 1927-28, but forced collectivization of farms in 1928-33 pulled the level down to .12. No Soviet statistics for the war years are available, but by 1947 Soviet productivity had climbed back to .14 IUs, just under the 1900 level. The U.S., on the other...
...airlines fulfilled their predicted jump into the black (TIME, July 18). Eastern Air Lines' $2.1 million net was up 63%, Northwest Airlines' $430,915 profit helped offset a $2,016,000 deficit in 1948's first half...
...losses in 1949's first quarter thought it had earned enough in the second quarter to wipe them out and show a profit besides. American, for example, might well show a net of close to $3,000,000 for the first six months, more than enough to offset its entire 1948 loss...
...offset its staleness, Territory has several passages of refreshing cinematic excitement. The train robbery has a pleasant flavor of old-style westerns. For admirers of the great outdoors, the shots of McCrea's flyspeck flight across a stupendous cliff face are alone worth the price of admission...