The average weekly wage in manufacturing stands at a record.Industrial production rose 8 percent in the past twelve months.Gross National Product (GNP) advanced strongly from $584.In 1964 and was down to 5.0 percent at year's end. Unemployment dropped from 5.7 percent in 1963 to 5.2 percent.Past year, bringing the total of new jobs since January 1961 to Additional jobs for \l/2 million persons have been created in the.maximum employment, production, and purchasing useful employment opportunities, including self-employment, for those able, willing, and seeking to In the year just ended, we have made notable progress toward theĮmployment Act's central goal of ". that, with sound policy measures, we can look forward to uninterrupted and vigorous expansion in the year ahead. The 1964 tax cut, is about to enter its fifth consecutive year that the rising tide of our prosperity, drawing new strength from that the state of our economy is excellent *For a detailed table of contents of the Council s Report, see page 27. STATISTICAL T A B L E S RELATING TO INCOME, E M P L O Y MENT, AND PRODUCTION THE COUNCIL OF ECONOMIC ADVISERS D U R I N G 1964Ī P P E N D I X B. R E P O R T TO THE PRESIDENT ON THE ACTIVITIES OF SOME ECONOMIC TASKS OF THE G R E A T SOCIETY. STRENGTHENING THE EFFICIENCY AND FLEXIBILITY OFĬ H A P T E R 4. Strengthening the Economic Base of CommunitiesĬHAPTER 3. Restoring Balance in Our External Payments The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
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