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Excerpt from The Demand and Price Situation: July 1946 Incomeapayments to individuals expanded during May to an annual rate of 161 billion dollars compared with the revised estimate aolég billion dollars in April'and 162 billion dollars in May, 19u5. For the iirst 5 months of i9k! Income paxpents have averaged only 3 percent below the corresponding period in 19m5 when the wartime peak in income payments (3 reached. In May, payments were 135 percent above the annual average. Losses in labor income in curred by work stoppages have been more than offset by increasing employment and higher wage rates. Since January, nonagricultural employment has incres 'by.approximately 2 million persons. Average hourly earnings in factories of in May, compafed with in January, were the highest on record, seeding the wartime peak of reached in January 19m5 which reflectedfi considerable amount of premium payments for overtime as well as heavy empl in the higher paid war industries. However, weekly take-home pay per_fect worker in Maytas 10 percent less than in January 19m5 as a result of the re auction in hours worked. Income payments in June were probably slightiy abo the May estimate as many workers returned to their jobs following settlement labor disputes. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.