Word: upturn
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Dates: during 1950-1959
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...have "leveled off." Nevertheless, the March layoffs brought unemployment to its highest level since the same month in 1950, when the post-World War II top of 4,123,000 was reached. But with more than 60 million U.S. citizens on the job and with the usual spring upturn expected this month, the President and his advisers felt "encouraged," saw no present need for Government pump-priming...
...current shift in the economy continues to follow the pattern of 1949-50, the forecasters of an upturn in employment will be right. After that slump the economy turned comfortably upward in early 1950, before the Korean war shot it out of bounds by creating labor shortage and inflation...
...TIME, Feb. 2, 1953), sold fewer cars (186,484) than expected last year, and has already cut back production on its 1954 models. Nevertheless, Studebaker President Harold Vance, who feels that heavy dealer inventories will be worked off by the end of the first quarter, expects a sharp upturn in spring and total sales of at least 160,000 this year. Kaiser Motors is only in limited production for 1954, has made just minor changes in its three-car (Henry J, Kaiser, Aero Willys) line. Packard, which only face-lifted its 1954 cars but boosted horsepower...
Slichter said that the country has been experiencing a contraction of production and employment for the past six months, but he saw as upturn in the economy by the fall. The peak of production, he said, was reached last year when the output was over 372 billion dollars, but Slichter does not expect it to contract to less than 355 billion dollars...
...rate the Treasury will have to pay to finance new debts. For the first time since they were issued, the Government's new 3¼% 30-year bonds soared past 102, and 2½% Victory Loan bonds went up to 93 30/32, their best price since April. The upturn in the short-term money market was even sharper...