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Unemployment and Inflation Figures Show Modest Change
The unemployment rate appears to fall to 86 percent in June from May's 92 percent due to a statistical quirk, with officials noting only a small real change. Wholesale prices slip slightly in June led by farm goods, while price hikes for aluminum are postponed pending hearings. First National City Bank raises prime rate to seven percent as gasoline prices rise. Labor and debt signals show cautious economic improvement amid uncertainty.
MENTIONED IN THIS ARTICLE
Washington
George Meany
Afl-Cio
White House
Council On
Reynolds Metal Co
Aluminum Company of America
First National City Bank
New York
Federal Reserve Board
Labor Department
Julius Shishkin
But of Labor Statistics
Joint Economic Committee
Ron Nessen
John L. Dunlop
Dunlop