The U.S. is well through the slough of reconversion. So said Civilian Production Administrator John D. Small last week. In his report, CPAster Small said that the low point in the shift from war to peace production had been passed in September. Said he: "The outstanding feature ... is the small amount of ... disemployment outside the automobile industry."
At the low point, general industrial production fell about 40% below the wartime rate. But employment in the "reconversion" industries was still 50% higher than it had been in 1939.
From now on, said Small, employment will steadily increase. Fifty-five key industries estimate...
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