STATE OF BUSINESS: Going Up

The booming construction industry, one of the biggest props under the economy, last week showed new signs of strength.

The U.S. Department of Commerce reported that new construction in June rose to $3.3 billion, with both private and public building at peak levels. This brought the total for the first six months to a record $16.6 billion, more than $300 million above 1953's previous alltime high.

From other sections of the economy came more good news: EURJ Unemployment rose only 42,000 to 3,347,000 between May and June, far less than the normal 375,000 increase expected because of school graduations and vacation...

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