Word: output
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Dates: during 1960-1960
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...Union would catch up to the U.S. in per-capita meat production by 1963. But this was less a boast than a retreat. This goal was originally supposed to have been achieved last year. The amount of meat the Soviets say they produced in 1959 was about half U.S. output. Furthermore, Kazakhstan's grain failure in 1959 cuts Soviet cattle breeding in 1960, and all but eliminates the chance that the Soviet Union can top last year's claimed gain in meat production...
...Last week the Federal Reserve Board produced factual proof that the industrial side of the U.S. economy is growing much faster than the Federal Reserve - and most economists - had charted. The faster pace was revealed when the Fed updated its industrial-production index for the first time since 1953; output has been rising at a rate of 4.1% a year from 1947 to date, v. 3.7% previously calculated. As a result, the revised index hit a peak of 166 (1947-49 equals 100) last June before the steel strike, instead of the 155 previously reported...
...industry reckons it, would increase labor costs by 2.7% a year, or about 30? an hour over three years (present steel wages average $3.10 an hour, plus fringe benefits). According to Labor Department figures, 2.7% has been just about the average yearly increase in steel-industry productivity (output per manhour) since World War II, hence would be noninflationary. In addition, industry wants to submit the work-practices dispute to a two-man panel-one member chosen by the industry, one by the union-with compulsory third-party arbitration if the panel fails to reach agreement...