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GROWTH RATES, U.S. ECONOMY, 1922-1961"

Average Annual Rates of Change in Gross National Product

In Uniform 1960 Dollars

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GROWTH RATES, U.S.ECONOMY, 1953-1961"

Average Annual Rates of Change in Gross National Product

In Uniform 1960 Dollars

BOOMS, STAGNATION, AND RECESSIONS, 1953 - 1961

7.9%

[graphic]

6.8%

2.5%

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1953-54

1957-'58
1954-55 1955-56 1956-57 1958-59 1959-60 1960-61

1953-'61

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-4.1%
2nd Qtr. 1960- 3rd Qtr. 1960- 4th Qtr. 1960- 2nd Qtr. 1960-
3rd Qtr. 1960 4th Qtr. 1960 Ist Qtr. 1961 Ist Qtr. 1961

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(Annual Rotes)

1/ 1961 estimated

THE CHRONIC RISE OF IDLE MANPOWER

TRUE LEVEL OF UNEMPLOYMENT

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[graphic]
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7.5%

of Part-Time

7.3%

Unemployment

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5.8%

[graphic]

1.6

4.3%

1.4

6.7 6.3

5.5 5.6

4.4

2.9

Unemployment

1953

1954

1955

1956 1957 1958 1959

1960

1961

4th Qtr.

1961 (Seasonally Adjusted)

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CONSTRUCTION

NONDURABLE GOODS
MANUFACTURING

TRANSPORT. AND
PUBLIC UTILITIES

11.7%

11.3%

AGRICULTURE

SELF-EMPLOYED AND
UNPAID FAMILY WORKERS

3.7%

3.0%

4.9%

PUBLIC ADMINISTRATION

1.9%

FINANCE, INSURANCE
AND REAL ESTATE

FORESTRY, FISHERIES
AND MINING

PERSONS WITH NO PREVIOUS

WORK EXPERIENCE

1.9%

1.6%

12.2%

NONAGRICULTURAL EMPLOYMENT TRENDS -WAGE AND SALARY WORKERS, 1947-1960

PERCENTAGE DISTRIBUTION OF EMPLOYMENT

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21.9%

21.9% 1

UP

UP

UP

27.2%

UP

[graphic]

19.8%

21.4%

15.8%

1947-1953 1953-1960 1947-1953 1953-1960 1947-1953 1953-1960

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