Word: rateness
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Dates: during 1950-1959
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...which started its 1960 model year with such a boom (see Autos), faces another two months of bust. Ford Motor Co., which makes 40% to 50% of its own steel, is in the best position, but it has only enough steel to last into early December at reduced production rates. Chrysler, already operating on a four-day week, will probably have to shut down completely by late November. American Motors expects to continue at its present high production rate. Studebaker-Packard also hopes to get by without any cutbacks. General Motors is just about shut down; the company is short...
...nation's big steel users, the prospect is for still more layoffs in the next six weeks. More than 410,000 workers outside the steel industry have been furloughed because of the strike; the Department of Labor reports that the layoffs will continue at an accelerating rate as steel supplies are exhausted. Both the number and size of the shutdown plants are increasing...
...C.E.D. plotted the gross national product back to 1909 in terms of a "constant dollar" based on the value of the dollar in 1954, when it was considered comparatively stable. Only in this way, said C.E.D., is it possible to "answer such questions as whether our general growth rate has recently been higher, or lower, or about the same as in the past." The C.E.D.'s basic findings...
Gross National Product. Since 1947, the nation's real gross national product has expanded at an average annual rate of 3.6%, a rate of growth that if sustained would double U.S. production in 22 years. This increase compares with an average rise of 2.9% for the 1909-57 period. Using 1954 dollars, the C.E.D. got a result substantially different from the Council of Economic Advisers' recent report that the G.N.P. rate in the third quarter of 1959 was $481 billion. In the C.E.D.'s 1954 dollars it was only $431 billion...
Industrial Production. Since 1947, the volume of production from U.S. factories and mines has been through three separate phases. Up until 1953, the period influenced by the Korean war, it expanded at a rate of 5% a year. From then until mid-1957 it grew less rapidly-at a rate of less than 2% a year. But from mid-1957 until mid-1959 it expanded at a rate of 3.5% a year. This last rate corresponds precisely to an average increase from 1909 to 1957 of 3.5% a year...