the Economy

September 1969
Labor Law Journal;Sep69, Vol. 20 Issue 9, p566
Academic Journal
The article looks at the economy of the U.S. as of September 1969. The Consumer Price Index continued to advance rapidly in July, climbing 0.6 points to 128.2 using the 1957-1959 average as a base of 100. This was 0.5 per cent above the June figure. The increase resulted mostly from higher prices for food and services, and brought the July Index 5.5 per cent above a year ago. The overall unemployment rate, seasonally adjusted, stood at 3.6 percent--relatively unchanged from preceding months. Production in industry increased 0.7 per cent for July. This was 175.2 per cent of the average for the base years 1957-1959. Bituminous coal mined and electric power distributed also realized increases in July, while most of the other weekly indicators of production were unchanged generally. Consumer prices for June, 1969 were up 5.5 per cent over June of last year. The prices of other commodities and of services rose more moderately in June.


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