Table B–46.—Employees on nonagricultural payrolls, by major industry, 1960–2007[Thousands of persons; monthly data seasonally adjusted]Goods-producing industriesService-providing industriesYear or monthTotalTotalNaturalresourcesandminingConstructionTotalManufacturingDurablegoodsNondurablegoodsTotalTrade, transportation,and utilities 1TotalRetail trade1960 54,296 19,182 771 2,973 15,438 9,071 6,367 35,114 11,147 5,5891961 54,105 18,647 728 2,908 15,011 8,711 6,300 35,458 11,040 5,5601962 55,659 19,203 709 2,997 15,498 9,099 6,399 36,455 11,215 5,6721963 56,764 19,385 694 3,060 15,631 9,226 6,405 37,379 11,367 5,7811964 58,391 19,733 697 3,148 15,888 9,414 6,474 38,658 11,677 5,9771965 60,874 20,595 694 3,284 16,617 9,973 6,644 40,279 12,139 6,2621966 64,020 21,740 690 3,371 17,680 10,803 6,878 42,280 12,611 6,5301967 65,931 21,882 679 3,305 17,897 10,952 6,945 44,049 12,950 6,7111968 68,023 22,292 671 3,410 18,211 11,137 7,074 45,731 13,334 6,9771969 70,512 22,893 683 3,637 18,573 11,396 7,177 47,619 13,853 7,2951970 71,006 22,179 677 3,654 17,848 10,762 7,086 48,827 14,144 7,4631971 71,335 21,602 658 3,770 17,174 10,229 6,944 49,734 14,318 7,6571972 73,798 22,299 672 3,957 17,669 10,630 7,039 51,499 14,788 8,0381973 76,912 23,450 693 4,167 18,589 11,414 7,176 53,462 15,349 8,3711974 78,389 23,364 755 4,095 18,514 11,432 7,082 55,025 15,693 8,5361975 77,069 21,318 802 3,608 16,909 10,266 6,643 55,751 15,606 8,6001976 79,502 22,025 832 3,662 17,531 10,640 6,891 57,477 16,128 8,9661977 82,593 22,972 865 3,940 18,167 11,132 7,035 59,620 16,765 9,3591978 86,826 24,156 902 4,322 18,932 11,770 7,162 62,670 17,658 9,8791979 89,932 24,997 1,008 4,562 19,426 12,220 7,206 64,935 18,303 10,1801980 90,528 24,263 1,077 4,454 18,733 11,679 7,054 66,265 18,413 10,2441981 91,289 24,118 1,180 4,304 18,634 11,611 7,023 67,172 18,604 10,3641982 89,677 22,550 1,163 4,024 17,363 10,610 6,753 67,127 18,457 10,3721983 90,280 22,110 997 4,065 17,048 10,326 6,722 68,171 18,668 10,6351984 94,530 23,435 1,014 4,501 17,920 11,050 6,870 71,095 19,653 11,2231985 97,511 23,585 974 4,793 17,819 11,034 6,784 73,926 20,379 11,7331986 99,474 23,318 829 4,937 17,552 10,795 6,757 76,156 20,795 12,0781987 102,088 23,470 771 5,090 17,609 10,767 6,842 78,618 21,302 12,4191988 105,345 23,909 770 5,233 17,906 10,969 6,938 81,436 21,974 12,8081989 108,014 24,045 750 5,309 17,985 11,004 6,981 83,969 22,510 13,1081990 109,487 23,723 765 5,263 17,695 10,736 6,959 85,764 22,666 13,1821991 108,374 22,588 739 4,780 17,068 10,219 6,849 85,787 22,281 12,8961992 108,726 22,095 689 4,608 16,799 9,945 6,854 86,631 22,125 12,8281993 110,844 22,219 666 4,779 16,774 9,900 6,873 88,625 22,378 13,0211994 114,291 22,774 659 5,095 17,021 10,131 6,890 91,517 23,128 13,4911995 117,298 23,156 641 5,274 17,241 10,372 6,869 94,142 23,834 13,8971996 119,708 23,410 637 5,536 17,237 10,485 6,752 96,299 24,239 14,1431997 122,776 23,886 654 5,813 17,419 10,704 6,716 98,890 24,700 14,3891998 125,930 24,354 645 6,149 17,560 10,910 6,650 101,576 25,186 14,6091999 128,993 24,465 598 6,545 17,322 10,830 6,492 104,528 25,771 14,9702000 131,785 24,649 599 6,787 17,263 10,876 6,388 107,136 26,225 15,2802001 131,826 23,873 606 6,826 16,441 10,335 6,107 107,952 25,983 15,2392002 130,341 22,557 583 6,716 15,259 9,483 5,775 107,784 25,497 15,0252003 129,999 21,816 572 6,735 14,510 8,963 5,547 108,182 25,287 14,9172004 131,435 21,882 591 6,976 14,315 8,924 5,391 109,553 25,533 15,0582005 133,703 22,190 628 7,336 14,226 8,955 5,272 111,513 25,959 15,2802006 136,174 22,570 684 7,689 14,197 9,001 5,197 113,605 26,231 15,3192007 p 137,969 22,378 722 7,624 14,032 8,890 5,141 115,591 26,472 15,3822006: Jan 135,110 22,489 655 7,615 14,219 8,984 5,235 112,621 26,157 15,346Feb 135,410 22,541 661 7,668 14,212 8,986 5,226 112,869 26,187 15,354Mar 135,659 22,573 669 7,692 14,212 8,999 5,213 113,086 26,225 15,378Apr 135,803 22,604 678 7,699 14,227 9,020 5,207 113,199 26,207 15,337May 135,906 22,593 680 7,698 14,215 9,016 5,199 113,313 26,194 15,303June 136,030 22,613 684 7,691 14,238 9,034 5,204 113,417 26,197 15,296July 136,252 22,622 690 7,703 14,229 9,023 5,206 113,630 26,226 15,306Aug 136,438 22,629 692 7,719 14,218 9,021 5,197 113,809 26,227 15,298Sept 136,636 22,625 694 7,725 14,206 9,017 5,189 114,011 26,241 15,290Oct 136,745 22,573 700 7,707 14,166 8,996 5,170 114,172 26,258 15,298Nov 136,941 22,525 699 7,683 14,143 8,972 5,171 114,416 26,320 15,328Dec 137,167 22,520 705 7,684 14,131 8,972 5,159 114,647 26,345 15,3242007: Jan 137,329 22,554 706 7,718 14,130 8,952 5,178 114,775 26,378 15,358Feb 137,419 22,465 711 7,641 14,113 8,943 5,170 114,954 26,393 15,365Mar 137,594 22,497 715 7,692 14,090 8,928 5,162 115,097 26,436 15,404Apr 137,716 22,460 717 7,671 14,072 8,921 5,151 115,256 26,427 15,377May 137,904 22,446 718 7,659 14,069 8,913 5,156 115,458 26,459 15,395June 137,973 22,436 721 7,665 14,050 8,897 5,153 115,537 26,465 15,383July 138,066 22,421 726 7,649 14,046 8,900 5,146 115,645 26,489 15,390Aug 138,159 22,349 728 7,620 14,001 8,873 5,128 115,810 26,494 15,386Sept 138,203 22,309 728 7,595 13,986 8,862 5,124 115,894 26,518 15,383Oct 138,362 22,266 728 7,575 13,963 8,845 5,118 116,096 26,510 15,363Nov p 138,477 22,221 733 7,538 13,950 8,843 5,107 116,256 26,554 15,395Dec p 138,495 22,146 738 7,489 13,919 8,823 5,096 116,349 26,526 15,3701 Includes wholesale trade, transportation and warehousing, and utilities, not shown separately.Note.—Data in Tables B–46 and B–47 are based on reports from employing establishments and relate to full- and part-time wage and salary workers innonagricultural establishments who received pay for any part of the pay period that includes the 12th of the month. Not comparable with labor force data(Tables B–35 through B–44), which include proprietors, self-employed persons, unpaid family workers, and private household workers; which count persons asemployed when they are not at work because of industrial disputes, bad weather, etc., even if they are not paid for the time off; which are based on aSee next page for continuation of table.280 | Economic Report of the <strong>President</strong>
Table B–46.—Employees on nonagricultural payrolls, by major industry, 1960–2007—Continued[Thousands of persons; monthly data seasonally adjusted]Service-providing industries—ContinuedYear or monthInformationFinancialactivitiesProfessionalandbusinessservicesEducationandhealthservicesLeisureandhospitalityOtherservicesGovernmentTotal Federal State Local1960 1,728 2,532 3,694 2,937 3,460 1,152 8,464 2,381 1,536 4,5471961 1,693 2,590 3,744 3,030 3,468 1,188 8,706 2,391 1,607 4,7081962 1,723 2,656 3,885 3,172 3,557 1,243 9,004 2,455 1,669 4,8811963 1,735 2,731 3,990 3,288 3,639 1,288 9,341 2,473 1,747 5,1211964 1,766 2,811 4,137 3,438 3,772 1,346 9,711 2,463 1,856 5,3921965 1,824 2,878 4,306 3,587 3,951 1,404 10,191 2,495 1,996 5,7001966 1,908 2,961 4,517 3,770 4,127 1,475 10,910 2,690 2,141 6,0801967 1,955 3,087 4,720 3,986 4,269 1,558 11,525 2,852 2,302 6,3711968 1,991 3,234 4,918 4,191 4,453 1,638 11,972 2,871 2,442 6,6601969 2,048 3,404 5,156 4,428 4,670 1,731 12,330 2,893 2,533 6,9041970 2,041 3,532 5,267 4,577 4,789 1,789 12,687 2,865 2,664 7,1581971 2,009 3,651 5,328 4,675 4,914 1,827 13,012 2,828 2,747 7,4371972 2,056 3,784 5,523 4,863 5,121 1,900 13,465 2,815 2,859 7,7901973 2,135 3,920 5,774 5,092 5,341 1,990 13,862 2,794 2,923 8,1461974 2,160 4,023 5,974 5,322 5,471 2,078 14,303 2,858 3,039 8,4071975 2,061 4,047 6,034 5,497 5,544 2,144 14,820 2,882 3,179 8,7581976 2,111 4,155 6,287 5,756 5,794 2,244 15,001 2,863 3,273 8,8651977 2,185 4,348 6,587 6,052 6,065 2,359 15,258 2,859 3,377 9,0231978 2,287 4,599 6,972 6,427 6,411 2,505 15,812 2,893 3,474 9,4461979 2,375 4,843 7,312 6,767 6,631 2,637 16,068 2,894 3,541 9,6331980 2,361 5,025 7,544 7,072 6,721 2,755 16,375 3,000 3,610 9,7651981 2,382 5,163 7,782 7,357 6,840 2,865 16,180 2,922 3,640 9,6191982 2,317 5,209 7,848 7,515 6,874 2,924 15,982 2,884 3,640 9,4581983 2,253 5,334 8,039 7,766 7,078 3,021 16,011 2,915 3,662 9,4341984 2,398 5,553 8,464 8,193 7,489 3,186 16,159 2,943 3,734 9,4821985 2,437 5,815 8,871 8,657 7,869 3,366 16,533 3,014 3,832 9,6871986 2,445 6,128 9,211 9,061 8,156 3,523 16,838 3,044 3,893 9,9011987 2,507 6,385 9,608 9,515 8,446 3,699 17,156 3,089 3,967 10,1001988 2,585 6,500 10,090 10,063 8,778 3,907 17,540 3,124 4,076 10,3391989 2,622 6,562 10,555 10,616 9,062 4,116 17,927 3,136 4,182 10,6091990 2,688 6,614 10,848 10,984 9,288 4,261 18,415 3,196 4,305 10,9141991 2,677 6,558 10,714 11,506 9,256 4,249 18,545 3,110 4,355 11,0811992 2,641 6,540 10,970 11,891 9,437 4,240 18,787 3,111 4,408 11,2671993 2,668 6,709 11,495 12,303 9,732 4,350 18,989 3,063 4,488 11,4381994 2,738 6,867 12,174 12,807 10,100 4,428 19,275 3,018 4,576 11,6821995 2,843 6,827 12,844 13,289 10,501 4,572 19,432 2,949 4,635 11,8491996 2,940 6,969 13,462 13,683 10,777 4,690 19,539 2,877 4,606 12,0561997 3,084 7,178 14,335 14,087 11,018 4,825 19,664 2,806 4,582 12,2761998 3,218 7,462 15,147 14,446 11,232 4,976 19,909 2,772 4,612 12,5251999 3,419 7,648 15,957 14,798 11,543 5,087 20,307 2,769 4,709 12,8292000 3,631 7,687 16,666 15,109 11,862 5,168 20,790 2,865 4,786 13,1392001 3,629 7,807 16,476 15,645 12,036 5,258 21,118 2,764 4,905 13,4492002 3,395 7,847 15,976 16,199 11,986 5,372 21,513 2,766 5,029 13,7182003 3,188 7,977 15,987 16,588 12,173 5,401 21,583 2,761 5,002 13,8202004 3,118 8,031 16,395 16,953 12,493 5,409 21,621 2,730 4,982 13,9092005 3,061 8,153 16,954 17,372 12,816 5,395 21,804 2,732 5,032 14,0412006 3,055 8,363 17,552 17,838 13,143 5,432 21,990 2,728 5,080 14,1822007 p 3,087 8,446 17,920 18,377 13,565 5,472 22,252 2,714 5,144 14,3942006: Jan 3,052 8,271 17,316 17,621 12,948 5,417 21,839 2,725 5,034 14,080Feb 3,058 8,298 17,387 17,666 12,981 5,417 21,875 2,731 5,053 14,091Mar 3,058 8,314 17,431 17,709 13,022 5,421 21,906 2,731 5,060 14,115Apr 3,056 8,340 17,458 17,743 13,049 5,424 21,922 2,731 5,064 14,127May 3,048 8,352 17,499 17,776 13,074 5,432 21,938 2,729 5,073 14,136June 3,048 8,348 17,539 17,794 13,092 5,431 21,968 2,733 5,075 14,160July 3,043 8,368 17,592 17,828 13,156 5,427 21,990 2,739 5,078 14,173Aug 3,051 8,379 17,617 17,894 13,188 5,430 22,023 2,730 5,088 14,205Sept 3,052 8,408 17,636 17,946 13,209 5,443 22,076 2,729 5,113 14,234Oct 3,054 8,415 17,662 17,976 13,257 5,450 22,100 2,725 5,109 14,266Nov 3,057 8,422 17,726 18,018 13,324 5,443 22,106 2,719 5,107 14,280Dec 3,073 8,438 17,792 18,063 13,373 5,449 22,114 2,713 5,111 14,2902007: Jan 3,071 8,440 17,804 18,102 13,396 5,444 22,140 2,718 5,117 14,305Feb 3,084 8,446 17,840 18,138 13,425 5,454 22,174 2,718 5,133 14,323Mar 3,086 8,445 17,834 18,188 13,449 5,462 22,197 2,716 5,134 14,347Apr 3,096 8,448 17,859 18,246 13,481 5,470 22,229 2,716 5,140 14,373May 3,097 8,464 17,893 18,293 13,537 5,479 22,236 2,713 5,133 14,390June 3,093 8,460 17,886 18,364 13,554 5,481 22,234 2,708 5,139 14,387July 3,091 8,476 17,911 18,422 13,566 5,480 22,210 2,713 5,143 14,354Aug 3,087 8,463 17,942 18,484 13,589 5,478 22,273 2,714 5,137 14,422Sept 3,093 8,439 17,954 18,505 13,630 5,475 22,280 2,710 5,159 14,411Oct 3,088 8,437 18,024 18,554 13,677 5,477 22,329 2,710 5,162 14,457Nov p 3,083 8,421 18,063 18,583 13,712 5,483 22,357 2,711 5,170 14,476Dec p 3,070 8,417 18,106 18,627 13,734 5,481 22,388 2,707 5,181 14,500Note (cont’d).—sample of the working-age population; and which count persons only once—as employed, unemployed, or not in the labor force. In the datashown here, persons who work at more than one job are counted each time they appear on a payroll.Establishment data for employment, hours, and earnings are classified based on the 2002 North American Industry Classification System (NAICS).For further description and details see Employment and Earnings.Source: Department of Labor (Bureau of Labor Statistics).Appendix B – Population, Employment, Wages, and Productivity | 281
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EconomicReportof thePresidentTransm
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C O N T E N T SPageECONOMIC REPORT
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ECONOMIC REPORT OF THE PRESIDENTTo
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$2 billion to a new international c
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chapter 3. the causes and consequen
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appendixesA. Report to the Presiden
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2-5. Mortgage Lending Today........
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Chapter 1: The Year in Reviewand th
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Chapter 3: The Causes and Consequen
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• Tax reductions in 2001 and 2003
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• More effective statistical use
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• Real GDP posted solid 2.5 perce
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nonconforming mortgages in 2007. In
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In addition to incomes and mortgage
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Business InventoriesInventory inves
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During the 12 months of 2007, the u
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output measures announced in the an
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and government purchases. In contra
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Table 1-1.—Administration Economi
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Box 1-3 — continuedParticipation
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finalized), below its 1963-2006 ave
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C H A P T E R 2Credit and Housing M
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lends a debtor money today, which t
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Box 2-1 — continuedPrime loan: Lo
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Corporate bond yields also rose rel
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conduits in that SIVs have less acc
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International ImplicationsA notable
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come together to create a coordinat
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home is forgiven, that portion is t
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alternatives offered in the convent
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to such a change in wealth, which a
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lending. FHA Modernization will enc
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Economists often call attention to
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Box 3-1: Trade in ServicesDiscussio
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Box 3-2: The Current Account Defici
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Growth in Domestic ProductionA seco
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Exports and Foreign Direct Investme
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these goods than if they were produ
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C H A P T E R 4The Importance of He
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Box 4-1: Health Effects on Job Prod
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health care spending growth. Rising
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While the study focused on spending
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Box 4-2 — continuedand without pr
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effective price of zero. Even if a
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deduction for health insurance to a
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To reduce the extent to which high-
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Administration supports broad adopt
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C H A P T E R 5Tax PolicySocieties
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in 2000. Tax revenues increased str
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Alternative Minimum TaxPrior to 196
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The Impact of Recent Tax Reductions
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35 percent marginal tax rate on the
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C corporations fall under the corpo
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Significance of Tax Cuts to Individ
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Box 5-1: Marriage Penalty BasicsIt
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The Structure of Business TaxesDesp
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investments are made. A more modest
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C H A P T E R 6The Nation’s Infra
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A monopolistic bridge owner may cho
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etween places to accommodating grow
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the same time. At hours when many d
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BridgesOn August 1, 2007, the I-35W
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where shippers have an alternative
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Freight shipments into and out of t
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Box 6-2: Delays at New York City Ai
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uilt, the marginal cost of transmis
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access was in mobile wireless conne
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Infrastructure PolicyThough the U.S
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could shorten the wait by adding an
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In 2005, the Federal Aviation Admin
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C H A P T E R 7Searching for Altern
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The first U.S. oil well was drilled
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Most of the oil consumed in the Uni
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Also, depending on the fuel and tec
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Table 7-1. —Estimated Average Lev
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Nevada. The facility is expected to
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Wind PowerWind power supplies about
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amounts of electricity, it could be
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years, as corn-based ethanol produc
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the power, range, and convenient fu
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other petroleum products is project
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To help meet the growing demand for
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C H A P T E R 8Improving Economic S
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The second largest Federal statisti
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As shown in Chart 8-3, spending on
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Monetary and fiscal policymakers al
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service-sector output much more fre
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Box 8-1: How to Reverse a Decline i
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Information Protection and Statisti
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forward instead of the growth rate
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Appendix AREPORT TO THE PRESIDENT O
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Council Members and Their Dates of
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Report to the President on theActiv
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The Council also prepared in-depth
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The Staff of the Council of Economi
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Jane Tufts, Bruce Kaplan, and Anna
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C O N T E N T SNational Income or E
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Prices—ContinuedPageB-63. Changes
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General NotesDetail in these tables
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Table B-1.—Gross domestic product
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Table B-2.—Real gross domestic pr
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Corporate Profits and FinanceTable
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Table B-98.—Farm business balance
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Table B-102.—U.S. exports and imp
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Table B-105.—U.S. international t
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Table B-107.—International invest
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Table B-109.—Civilian unemploymen
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Table B-111.—International reserv