GROWTH RATES, U.S. ECONOMY, 1922-1961" Average Annual Rates of Change in Gross National Product In Uniform 1960 Dollars 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% 6.8% 2.5% 1953-54 1957-'58 1953-'61 -4.1% (Annual Rotes) 1/ 1961 estimated THE CHRONIC RISE OF IDLE MANPOWER TRUE LEVEL OF UNEMPLOYMENT 7.5% of Part-Time 7.3% Unemployment 5.8% 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) CONSTRUCTION NONDURABLE GOODS TRANSPORT. AND 11.7% 11.3% AGRICULTURE SELF-EMPLOYED AND 3.7% 3.0% 4.9% PUBLIC ADMINISTRATION 1.9% FINANCE, INSURANCE FORESTRY, FISHERIES PERSONS WITH NO PREVIOUS WORK EXPERIENCE 1.9% 1.6% 12.2% |