Publisher's Synopsis
Excerpt from Annual Report of the Secretary of the Treasury on the State of the Finances: For the Fiscal Year Ended June 30, 1970
Since the remaining in?ationary pressures were largely Of the cost push variety, it was noteworthy that, after more than a year of little gain or actual decline, productivity in the private economy rose at an annual rate of percent in the last quarter Of the year. This gain in productivity held the rise in unit labor costs in the closing quarter to an annual rate Of percent.
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