Carter sees mixed news on oil prices and US economy
President-elect Jimmy Carter faces a double picture as oil producers lift prices again, tempering holiday cheer. Yet data on the US economy signals a possible end to the summer slowdown, offering cautious grounds for optimism despite global price tension.
MENTIONED IN THIS ARTICLE
Thomas E. Mullaney
N.Y. Times News Service
New York
Jimmy Carter
Qatar
United States
Economy Shows Signs of Turn as 1967 Peak Production Reaches
Economists Irwin Kellner and Henry Kaufman voiced optimism that the pause in growth is over and the economy is approaching a firmer footing. Government data showed industrial production rising 1.2 percent in November to 132 percent of the 1967 average, with personal income improving and leading indicators revised higher, offsetting modest housing figures for November.
MENTIONED IN THIS ARTICLE
Ae Eee
Irwin Kellner
Theanufacturers Hanover Trust Co
Henry Kaufman
Salomon Brothers
United States
Economy picks up in June 1974 after two-month decline
The June 1974 report shows a broad rebound with gains across consumer goods, business equipment, and nondurable materials. Industrial production up, unemployment rising to 8.1 percent as labor force grows, 350,000 jobs added this month and about 4 million since April 1975, signaling improving retail outlook for the Christmas season.
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