Word: recessional
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Dates: during 1950-1959
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The new U.S. boom has passed a significant milestone. The buyers' market of the recession, said the Federal Reserve Bank of Chicago last week, has turned into the sellers' market of prosperity. Rising demand from industry and consumers has increased delivery time on new orders and created scattered...
The chief executives of the three largest U.S. steel companies faced a task that was a mixture of. pride and embarrassment. With the steel union in its third week of a strike for higher wages, they went before reporters and microphones last week to announce the biggest sales and earnings...
Apples & Pears. Rarely has good news been presented with more furrowed brows. Big Steel's Blough astutely cautioned that high second-quarter earnings reflected "an unusually high demand artificially stimulated by our customers' fear of a steel strike." Comparing current earnings with profits in recession 1958, said Bethlehem...
Such activity did its part to brighten the unemployment picture. The Labor Department removed 14 more major industrial centers from its list of areas of heavy unemployment, reported employment gains in nearly all of the 149 key centers that it surveys. The change brings the number of areas with "substantial...
This was the good news behind last week's report from the President's Council of Economic Advisers that U.S. economic activity in the second quarter climbed to a record yearly rate of $483.5 billion. Even the Government's economists were surprised at the rise of $13.3...