Word: seasonale
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Serious Problem. Concern over continued unemployment has now replaced achievement of growth as the dominant theme in the Kennedy Administration's economic thinking. Part of the concern is political: the Administration clearly recognizes that the specter of unemployment is an effective lever for pushing its economic programs through Congress...
The Easterns. Much of the Madison Avenue manner rubbed off on the Japanese admen. To Yoshida, the "client is god." and his account executives spare no effort to prove it. Each summer, when Japanese traditionally send each other greetings, teams of Dentsu men climb to the top of sacred Mount...
After months of dark economic news. U.S. businessmen last week hopefully thought that they saw glimmers of the dawn. There was some danger of mistaking a normal seasonal pickup for the end of the recession, but there was enough heartening economic news to give reason for hope.
The Labor Department's preliminary estimate of unemployment in mid-February was up some 400,000 in a month, or four times the normal seasonal rate, to a total of 5,800,000 jobless. This meant that 7% of the work force is unemployed, up from 6.6% in January...
Sales and new orders of manufacturers both dropped 1% in December on an adjusted basis, and manufacturers' unfilled orders stood at their lowest level in ten years at month's end. Consumer credit in December expanded $76 million, the smallest gain since October 1958. Automobile installment credit, the...