Word: year-ago
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...Freight carloadings in the first week of May were 26% below the year-ago level. ¶ Passenger losses dipped even deeper* than last year, when they brought a $700 million deficit...
...labor force; in Detroit the figure comes to 15.1%. Some 230,000 Detroiters are jobless, and 40,000 of them have run out of unemployment benefits, with the low-seniority, generally unskilled Negroes getting the worst of it. The monthly relief bill runs to $740,000, triple the year-ago outlay. Unemployed workers in debt for cars, furniture and appliances usually find that stores and finance companies are willing to stretch out the payments, but even so, repossessions in the Wayne County Common Pleas Court ran to 1,061 in the first three months of 1958, 18% ahead of last...
...major segment of the economy was enjoying a springtime bloom of prosperity: the Agriculture Department announced that farm prices rose 4% from February to March, with livestock, fruit, potatoes and eggs leading the way. It was the third consecutive monthly rise, put farm prices 10% above the year-ago level...
There was little doubt that businessmen were holding back. For the first time in almost three years, the total of loans outstanding in New York City banks fell below the year-ago level. One reason for businessmen's caution was that a fresh batch of Government statistics showed somewhat more gloom than cheer. Manufacturers' sales for January dropped by $400 million, new orders slumped by $900 million, and order backlogs dipped by $1.6 billion - the 13th straight monthly decline. Manufacturers' production went down even faster than sales. Result: inventories were cut $600 million in January...
...General Electric's 1957 net jumped 16% to $2.84 a share, although sales went up only 6%. Earnings for the final quarter alone rose 21% over the year-ago level to 74? a share...