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Newspaper
Cincinnati The Chronicle
Location
Cincinnati, Ohio, United States of America
Date
Jun 20, 1968
Page
5
Government data show April price increases worsen buying power for American workers. Consumer prices rose to 119.9, with most items up except meats, gas, and autos. Real earnings fell, despite slight wage bumps, while over the year real pay edged up modestly for some workers.
Ohio AFL-CIO affiliate hails Supreme Court decision extending Fair Labor Standards Act coverage to non teaching school university and hospital workers. The 6-2 ruling applies retroactively to February 1967, affecting private and public employees and prompting calls for voluntary extension by employers.
President Johnson announced the Treasury raised rates on Series E and H bonds to 4.25 percent and on Freedom Shares to 5 percent, effective June 1. Existing bonds gain the higher rate if held seven years, effectively paying more than face value at maturity. Freedom Shares now sell over the counter with a matching E or H bond purchase, ending monthly plan limits.
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