Farm Outlook

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1970-09-01
Authors
Wisner, Robert
Futrell, Gene
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Research Projects
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Although preliminary figures showed a small increase in real Gross National Product during the second quarter of this year, several factors point to continued softness in the economy. Business investment plans apparenrlt have been scaled down from earlier levels and government spending has dropped back slightly. In addition, seasonally adjusted unemployment rose to 5 percent of the labor force in July, after dropping moderately during June.

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