Biggest U. S. Boom
On its way toward full production, shortages and possible inflation, the U.S. economy last week knocked over many old statistical mileposts. The war boom had become definitely bigger than the biggest peace boom in U.S. history. Items:
> National income for May was at the rate of $86,000,000,000, the Department of Commerce reported. This was not only the best May ever, but the first time the annual rate in any month had passed the $84,250,000,000 total income of 1929.
> Unemployment for May dropped to 3,962,000, said the National...