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Wage-Price Freeze Reflected in September Personal Income
The Commerce Department reported September personal income rose by 3.25 billion dollars versus 8.5 billion in August, amid Nixon wage price controls. Wages and salaries reached a seasonally adjusted annual rate of 870.8 billion, with nine month income up to 851.6 billion. Labor groups voiced concern over inflation measures as Nixon panels study next steps. President Nixon weighs a Middle East visit for next year, per Jerusalem Post citing a White House study group.
MENTIONED IN THIS ARTICLE
Washington
Nixon
Commerce Department
Organized Labor
Jerusalem
UPI
Middle East
Jerusalem Post
White House