DROP IN U.S. INCOMES
(Rec. 8 p.m.) WASHINGTON, June 3. The personal income of Americans — wages, salaries, and interest and dividend payments—dropped in April for the sixth month in a row, the United States Commerce Department reported today. Total personal income stood at an annual rate of about £126,000,000,000. This was about £2,232,000,000 less, than the peak'reached at the top of the economic boom last October.
Hardest hit by the decline were farm hands and persons employed in factories which produce metals, machinery, and transpiortation equipment. The department said the earning rate for other workers held steady in April
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Press, Volume XC, Issue 27368, 5 June 1954, Page 7
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99DROP IN U.S. INCOMES Press, Volume XC, Issue 27368, 5 June 1954, Page 7
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