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Balance of Payments Improves Amid Slowing Deficit
The Commerce Department reports a deficit of 475 million in the first quarter, a drop from 6.57 billion in late 1974, while personal income rose 9.3 billion in May to an annual rate of 1,211.9 billion. Wages and private-sector gains reached their largest since September, with unemployment benefit claims up 83,900 to 443,000 for the week ending June 7.
MENTIONED IN THIS ARTICLE
Commerce Department
U.S
C.L. Dennis
the Brotherhood of Railway and Airline Clerks
Labor Department
American Telephone & Telegraph .Co