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Trainman News
Indianapolis, Marion County, Indiana
What is this article about?
U.S. Department of Labor reports all-time high of 46.9 million non-farm employees in mid-September, up 1.2 million from a year ago, with unemployment 300,000 below previous postwar low for the month. Employment rose 180,000 from mid-August, though below five-year average.
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WASHINGTON -- An all-time high of 46.9 million employees in non-farm establishments in mid-September -- nearly 1.2 million over a year ago -- has been reported by U. S. Department of Labor.
According to the department, unemployment was 300,000 under the previous postwar low for the month.
Employment rose by 180,000 between mid-August and mid-September, contrasted with an average gain for the period of 500,000 during the past five years.
Employment in non-durable manufacturing dropped 40,000, mainly in textile, apparel, and leather industries. Employment in these three groups was lowest for the month since 1945.
Employment in durable goods, at almost nine million, was half a million above September, 1950. In defense industries, work forces expanded; in most consumer durable goods industries, employment was under a year ago. In some the downward trend was checked, indicating defense work offsetting civilian goods cutbacks.
Employment in auto plants increased slightly. Employment in contract construction fell 90,000, but at 2.7 million was still at an all-time high for the season.
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Domestic News Details
Primary Location
Washington
Event Date
Mid September
Key Persons
Outcome
all-time high of 46.9 million non-farm employees, unemployment 300,000 under previous postwar low, employment rose 180,000 from mid-august, non-durable manufacturing dropped 40,000, durable goods at almost nine million (half million above september 1950), contract construction fell 90,000 to 2.7 million (seasonal high)
Event Details
An all-time high of 46.9 million employees in non-farm establishments in mid-September, nearly 1.2 million over a year ago. Unemployment was 300,000 under the previous postwar low for the month. Employment rose by 180,000 between mid-August and mid-September, contrasted with an average gain of 500,000 during the past five years. Employment in non-durable manufacturing dropped 40,000, mainly in textile, apparel, and leather industries, lowest since 1945. Employment in durable goods at almost nine million, half a million above September 1950; defense industries expanded, most consumer durable goods under a year ago, some trends checked by defense work. Auto plants increased slightly. Contract construction fell 90,000 but at 2.7 million, all-time high for season.