![]() ![]() Net income per farm rose more than 10 percent. Corporate profits after taxes advanced more than 8 percent perĭollar of sales they were roughly unchanged from the high rate of 1965. Higher-paying jobs, and increased employer contributions to Social Security. AverageĬompensation per man-hour in the private economy rose 6.5 percent, reflecting increased wages and fringe benefits, more overtime, the shift to Production, and they rightly shared the benefits.Īggregate compensation of employees rose 10.3 percent. Labor, business, and the farmer all contributed to this major gain in Gain was nearly 51/2 percent after correction for price changes. Of the increase than we wanted represented higher prices. $740 billion-$58 billion, or 8/ 2 percent, higher than in 1965. The value of our total production of goods and services in 1966 was More regular and more secure than most workers can remember. On the whole, these jobs were better paying than ever, and Nonfarm payrolls averaged 64 million, a gain ofģ million. That fact expands our responsibilities, as it enlarges our resources to meet them.Īn average of 74 million persons were at work in 1966-2 million In purely material terms, most Americans are better off than everīefore. Impatience, apathy, weakness, and weariness. Of income or security rather we are called on to renounce prejudice, ![]() The sacrifices required of most of today's generation are not The overwhelming majority of us face our challenges in comfort, if notĪffluence. We face in 1967 are as trying of men's spirits as any we have known. Of peace, our quest for justice, our search for knowledge and understanding, our efforts to enrich our environment are buttressed by anĪmericans have confronted many challenges in this century. STATISTICAL TABLES RELATING TO INCOME, EMPLOYMENT, AND PRODUCTIONĪ healthy and productive economy is a bulwark of freedom.Īround the world and here at home, our trials of strength, our works THE COUNCIL OF ECONOMIC ADVISERS DURING 1966ĪPPENDIX B. REPORT TO THE PRESIDENT ON THE ACTIVITIES OF GROWTH AND BALANCE IN THE WORLD ECONOMYĪPPENDIX A. SELECTED USES OF ECONOMIC GROWTHĬHAPTER 5. MAINTAINING PRICE STABILITY AND REDUCINGĬHAPTER 4. *For a detailed table of contents of the Council's Report, see page 81.ĬHAPTER 3. Improving the International Monetary SystemĪNNUAL REPORT OF THE COUNCIL OF ECONOMIC ADVISERS*ĬHAPTER 1. The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.įor sale by the Superintendent of Documents, U.S. ![]()
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