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Economy News #37887

ABC Evening News for Thursday, Jun 26, 1975
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(Studio) Commerce Department reports United States has near $1.05 billion trade surplus in May. Interstate Commerce Commission approves freight rate increases of up to 5% for nation's truckers. Commerce Department says composite of leading economy indicators rises 2.1% in May; government economists say it's good news. Great debate over United States economy situation conts.
REPORTER: Howard K. Smith

(DC) For days, public bombarded with conflicting opinions with regard to recession. [President FORD - says all experts tell him recession has bottomed out.] [Last Tuesday, AFL-CIO George MEANY - says when administration economists announce end of business recession, human recession of unemployment to continue for rest of decade.] 1st result of economy recovery probably will be better corporate profits; to take much longer for workers to feel effects. Pickup to be uneven as well as slow.
REPORTER: Dan Cordtz

Reporter(s):
Cordtz, Dan;
Smith, Howard K.
Duration:
00:02:30

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