These figures cover only full-time unemployment. 1957-1960 figures are based on
revised definition of unemployment and hence are not exactly comparable with earlier data.

THE GROWING VOLUME OF IDLE PLANT
AND MACHINES-1954-1961

IMPACT OF TECHNOLOGICAL PROGRESS
ON EMPLOYMENT TRENDS, 1947-1960
Ratios of Indexes, 1947-1949-100

1947 48 49 50 51 52 53 54 55 56 57 58 '59 '60

TRENDS IN OUTPUT PER MAN-HOUR
-OR PRODUCTIVITY-1910-1961

Average Annual Rate of Productivity Growth

for the Entire Private Economy

THE RECORD 1910-1961

PRODUCTION DEFICITS DUE TO

LOW ECONOMIC GROWTH RATE, 1953-1961

EMPLOYMENT DEFICITS DUE TO

LOW ECONOMIC GROWTH RATE, 1953-1961