Chart 7 RATIO OF VOLUME OF EMPLOYMENT TO PHYSICAL VOLUME OF PRODUCTION (1947-1949 Ratio of Employment to Production = 100) ע Chart 10 GOALS FOR A FEDERAL BUDGET, 1972 AND 1977, GEARED TO ECONOMIC GROWTH & PRIORITY NEEDS 1969, fiscal year; goals for 1972 and 1977, calendar years 2 Administration's Proposed Budget as of Jan. 29, 1968 Beginning with fiscal 1969, the Budget includes the immense trust funds, net lending, and other relatively minor new items Note Goals include Federal contributions of one billion in 1970, and more than two billion in 1977, to the OASDHI to help increase benefit payments to the aged. Projections by Leon H. Keyserling. RELATIVE TRENDS IN ECONOMIC GROWTH Chart 11 1960-1966 1966-1969 PRODUCTION AND EMPLOYMENT Total National Production in Constant Dollars, Average Annual Rates of Change Unemployment as Percent of Civilian Labor Force, Annual Averages* *These annual averages (as differentiated from the annual rates of change) are based on full-time officially reported unemployment measured against the officially reported Civilian Labor Force. Source: Dept. of Labor, Dept. of Commerce, & Federal Reserve System |