Nation: Toward the Fuller Life

The President buttressed his economic report with a massive and impressive array of facts and figures.

During the past year, he reported, the U.S. gross national product rose $38 billion to a record $622 billion—a growth rate of 6½% . Industrial production climbed 8%, while 1,500,000 new jobs were created and unemployment dropped from a 1963 average 5.7% to 5% at the end of 1964. In December, factory workers earned an average of $106.55 per week, or $3.89 more than the previous December. His figures indicated that average personal income gained nearly 6% , and corporate profits soared by more than 18%.


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