Word: recessional
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Dates: during 1950-1959
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Everyone agrees that the recession has just about run its course. But before anyone draws an easy breath, he wants to see what will happen to the automobile industry this fall.
By now Detroit was through alibiing for '58. It knew all the reasons by heart: the recession, the loss of car prestige (and keeping up with the Joneses in other ways), high prices, too much chrome, those foreign cars, lack of salesmanship, etc., etc.
Washington's statisticians released still more figures showing that the economy's rebound from recession, already sharper than in any other postwar upturn, is picking up speed. Items:¶ Industrial production for July stood at 133 on the Federal Reserve's index, up three points since June...
AS negotiators hammered out new labor contracts in half a dozen big U.S. industries last week, long-term labor contracts that hand out automatic annual pay boosts came under increasing fire. In this recession year, more than 4,000,000 U.S. industrial workers will pocket automatic increases averaging 8? an...
No one wants to scrap long-term contracts altogether. More and more companies now aim at the compromise middle ground of a two-year contract. What U.S. industry also needs is a contract that will give it some of the same protection that U.S. labor gets. Just as labor'...