Word: recessional
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Dates: during 1950-1959
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Washington's Albert Dean Rosellini, 49, son of an immigrant Italian grocer, was a freewheeling Seattle criminal lawyer and 18-year state senator, won his four-year term in 1956. His overoptimism on tax estimates, plus the recession, ran up a $48 million deficit in his first biennium, which...
Western Europe. Never before have so many shared in such prosperity. The recession is over: in France, a record 102,820 cars were produced in February; Germany has 2,670,000 TV sets. One result: in only France and Italy are Communist parties still strong, and in neither do they...
Two of the major buttresses of a healthy and growing economy-industrial production and personal income-last week set new records. The Federal Reserve Board reported that U.S. industrial production in May climbed to a record high of 152% of the 1947-49 average, two points above the month before...
The spectacular improvement in U.S. employment brought jaw-cracking grins from the economists at the U.S. Department of Labor. For the month of May, unemployment dropped 238,000 to a total of 3,389,000 throughout the U.S. The improvement cut the overall percentage of jobless to 4.9% of the...
Until last week, the most nagging worry of the recovery was the relatively slow drop in the rolls of the unemployed. After the jobless held at about 7% of the labor force through most of the recession, the figures dipped below 6% in November, then stayed between 5% and 6...