
	Where results make sense

Topic: Employment Act of 1946

Related Topics

1946 in film

1946 in sports

1946 in music

Charles Stewart 1868 1946

1946 in aviation

1946 in literature

other events of 1946

1946 World Series

1946 in television

HMS Vanguard 1946

List of state leaders in 1946

1946 in science

In the News (Fri 17 Feb 12)

EXECUTIVE POWER

Iran

ANALYSIS

Pakistan

Family compact

	Humphrey-Hawkins Full Employment Act - Wikipedia, the free encyclopedia
		The Full Employment and Balanced Growth Act (H.R. Public Law 95-253), commonly referred to as the Humphrey-Hawkins Full Employment Act, is an act of federal legislation by the United States government.
		The language of the Full Employment and Balanced Growth Act was amended twice by riders attached to unrelated or distantly related legislation.
		November 5, 1990: Public Law 101-508, attached to the Pollution Prevention Act, required the Economic Report to the President to be submitted within twenty days after the start of the session of Congress instead of within ten days after the submission of the annual budget.
	en.wikipedia.org /wiki/Humphrey_Hawkins_Full_Employment_Act (768 words)

	[No title]
		Ideas that his was a responsibility of government became widespread enough to result in passage of the Employment Act of 1946, which though it did not specify the pollicies by which to attain the goals, did represent a consensus the government had the obligation and ability to do so.
		Employment Act of 1946 was Keynesian in Many Senses Embraced the broader Keynesian idea that government had the ability and obligation to maintain high output and employment, even though specific Keynesian remedies were not mandated.
		Employment Act didn’t just stabilize the business cycle, but at maximum potential of the economy, main concern was level of output and employment, not fluctuations.
	www.maxwell.syr.edu /MAXPAGES/classes/psccomps/Compsfolder/FDSalant1.doc (1164 words)

	The Unemployment Act of 1946 (Site not responding. Last check: 2007-10-01)
		The episodes of fiscal deficit and monetization of debt were to be offset by balancing fiscal surpluses and monetary restraint during periods of prosperity.
		Support for the Employment Act of 1946 was generated by those sympathetic with more government control of the economy.
		The Act provided that full employment was to be maintained by "compensatory spending." That is, the government was to make up for "inadequate" private sector spending by running budget deficits and spending money it created.
	www.libertyhaven.com /theoreticalorphilosophicalissues/economichistory/unemployact.html (2998 words)

	Macroeconomic Stabilization Policies
		At the time it was approved, the Employment Act represented a major extension of the traditional American concept of shared private and public responsibility for the nation's growth and improvement.
		The Employment Act states that it shall be the policy of the Federal government to promote conditions under which there will be afforded employment opportunities by methods that are consistent with the traditional American philosophy of individual freedom and competitive enterprise.
		The Act also established a Council of Economic Advisers to assist the President in implementing the Act, established a Joint Economic Committee composed of Senators and Representatives to review the government's economic policy at least annually, and required that the President submit to Congress an annual Economic Report of the President.
	www.drfurfero.com /books/231book/ch03g.html (554 words)

	Buchanan: Collected Works, Buchanan and Wagner, Democracy in Deficit: The Political Legacy of Lord Keynes, Chapter 11: ...
		With the passage of the Employment Act of 1946, Congress declared that it was the
		Despite this necessary imprecision in definition, the Employment Act is exceedingly significant, for with its enactment, the Congress sanctified the principal thrust of the Keynesian analysis.
		The Employment Act of 1946, one of our legacies from Lord Keynes, may come to be regarded as one of the more destructive pieces of legislation in our national history.
	www.econlib.org /library/Buchanan/buchCv8c11.html (3545 words)

	EH.Net Encyclopedia: Council of Economic Advisers
		"The Council of Economic Advisers was established by the Employment Act of 1946 to provide the President with objective economic analysis and advice on the development and implementation of a wide range of domestic and international economic policy issues" (Economic Report of the President 2001: 257).
		Although it has been the most enduring and important result of the Employment Act of 1946, the Council of Economic Advisers (CEA) was not the legislation's major focus.
		The Employment Act of 1946 focused on using discretionary fiscal policy to prevent another Great Depression.
	eh.net /encyclopedia/article/Herren.cea (2860 words)

	The Center for Regulatory Effectiveness: A Working Paper on the Cost of Federal Regulation (1979)
		Both the Budget and Accounting Act of 1921 and the Reorganization Act of 1939, which shifted the Bureau of the Budget from Treasury to the Executive Office of the President, recognized the significant role that the Bureau of the Budget was to have in the development and implementation of national economic policy.
		To a degree, the Full Employment Bill of 1945, which eventually became the Employment Act of 1946, was an attempt to enact into statute the concepts developed by by the Fiscal Division of the Bureau of the Budget.
		Consequently as the Senate introduced its version of the Employment Act (S. 380) and the House introduced H.R. 2202, it was assumed that the Bureau of the Budget would be the agency responsible for implementing the Act when it passed.
	www.thecre.com /ombpapers/part9-10.html (2129 words)

	NARA - Center for Legislative Archives - Guide to House Records: Chapter 23 Economic Report
		JC.093 The Employment Act of 1946 (Public Law 79-304) reflected both the lingering wounds of the Great Depression and the confident aspirations of the immediate postwar era.
		1 The committee's functions were outlined in the Employment Act and included studying the economic report, exploring means of coordinating programs to further the government's policy regarding employment, and providing guidance to congressional committees regarding the economic report.
		There are assorted materials regarding the February 1966 symposium held to honor the 20th anniversary of the Employment Act of 1946, as well as correspondence, memorandums, magazines, statements, charts, and press releases concerning the annual report of 1967.
	www.archives.gov /legislative/guide/house/chapter-23-joint-economic-report.html?template=print (597 words)

	7-23-97, Statement of Robert Eisner
		Half a century ago the Employment Act of 1946 committed this nation to the goal of "maximum employment, production and purchasing power." While the compromise wording that was enacted did not specify in so many words "full employment," this was surely what was intended by the law's original sponsors.
		Full employment, perhaps in view of what had already been achieved, was then largely taken to imply about 4 percent unemployment.
		Employment was hence widely viewed as the equilibrium outcome of the interaction of suppliers and demanders of labor and all unemployment was voluntary or at least structural in the sense that those presumed to be wanting jobs were not qualified.
	financialservices.house.gov /banking/72397re.htm (3191 words)

	FRBSF: Economic Letter - The Goals of U.S. Monetary Policy (01/29/1999)
		The Employment Act of 1946 was the first legislative statement of these macroeconomic policy goals.
		The objective of "maximum" employment remained intact from the 1946 Employment Act; however, the interpretation of this term may have changed during the intervening 30 years.
		Thus, in order for maximum employment and stable prices to be mutually consistent goals, maximum employment should be interpreted as meaning maximum sustainable employment, referred to also as "full employment." Moreover, although the Fed has little if any influence on the long-run level of employment, it can attempt to smooth out short-run fluctuations.
	www.frbsf.org /econrsrch/wklyltr/wklyltr99/el99-04.html (1779 words)

	Dock Work Act 1989 (c. 13)
		An Act to abolish the Dock Workers Employment Scheme 1967 and repeal the Dock Workers (Regulation of Employment) Act 1946; to make provision for the dissolution of the National Dock Labour Board; and for connected purposes.
		—(1) The Dock Workers Employment Scheme 1967 made under the [1946 c. 22.] Dock Workers (Regulation of Employment) Act 1946 shall, together with that Act, cease to have effect on the date of the passing of this Act.
		(4) In this Act "the transitional period" means the period beginning with the date of the passing of this Act and ending on the date on which the Board is dissolved in accordance with section 2.
	www.opsi.gov.uk /acts/acts1989/Ukpga_19890013_en_2.htm (2120 words)

	[No title]
		National Employment Conference -STATUTE- (a) Organization and implementation A National Employment Conference may be convened in the District of Columbia within a reasonable period of time after October 27, 1978.
		It is, therefore, the purpose of this subchapter to require the President to initiate, as the President deems appropriate, with recommendations to the Congress where necessary, supplementary programs and policies to the extent that the President finds such action necessary to help achieve these goals, including the goals and timetable for the reduction of unemployment.
		Regional and structural employment policies and programs -STATUTE- (a) Recommendation of legislation To the extent deemed appropriate by the President in fulfillment of the purposes of section 3111 of this title, the President shall recommend legislation to the Congress if necessary, regional and structural employment policies and programs.
	uscode.house.gov /download/pls/15C58.txt (3300 words)

	US CODE--TITLE 5--APPENDIX
		The legislative history of the Employment Act of 1946 makes it clear that it is the determination of the Congress to help develop a strong economy in the United States.
		It is well that the Congress has declared in the Employment Act of 1946, the continuing policy and responsibility of the Federal Government to coordinate and utilize all its plans, functions, and resources for the purpose of creating and maintaining, consistently with free competitive enterprise and the general welfare, employment opportunities for all.
		I deem it especially significant that the Congress has provided in the Employment Act for the Joint Committee on the Economic Report, composed of Members of both Houses of the Congress, to study matters relating to the economic report and to make recommendations to the two Houses for legislation.
	www.access.gpo.gov /uscode/title5a/5a_4_57_2_.html (1341 words)

	FACSNET Reporting Tools
		Choice: The act of selecting among alternatives, a concept crucial to economics.
		The phase of the business cycle when the economy is growing rapidly: output is increasing, employment is rising, industrial production is increasing and prices are tending to rise.
		The act of producing more of a good than one consumes, the rest of that good being exchanged.
	www.facsnet.org /tools/ref_tutor/econo_term/glossary.html (4135 words)

	40 (Site not responding. Last check: 2007-10-01)
		1946, the U.S. congress recognizing the need of intervention by the government, enacted employment act of 1946 to commit the federal government to take positive action to maintain economic stability through fiscal and monetary policies.
		In implementing the fiscal policy actions, there is no doubt about the towering importance of the size of surplus or deficit because the magnitude of the policy impact depends largely on the initial size of surplus or deficit.
		Some economists stress that the over-riding goal of politicians is not necessarily to act in the interests of the national economy, but rather to get reelected.
	facstaff.bloomu.edu /wblee/121olch12.htm (2287 words)

	Economics U$A (Site not responding. Last check: 2007-10-01)
		After WWII there was a fear that the economy could slip back into a Depression if the government’s spending used to maintain full employment for the war effort was removed.
		As President Truman signed the Employment Act of 1946 which no longer referred to full-employment instructing the government instead to promote maximum employment, production, and purchasing power.
		The passage of the Employment Act of 1946 marked the commitment of the government to use its considerable power to insure that prosperity continued.
	www.wwnorton.com /ecu7/section06/case-studies.htm (724 words)

	Planning for Prosperity: (Site not responding. Last check: 2007-10-01)
		For them, the critical postwar question was how to sustain the war’s hypercharged economy of full employment, prevent a Depression, and usher in an era of broadly shared prosperity. Into this mix, the new economic ideas of John Maynard Keynes and disciples like Alvin Hansen, flowed like a tonic.
		This growth consensus made mass prosperity a defining characteristic of the United States and shifted the terrain for American optimism and expansionism from the moral and geographical realms to the economic one.
		[10] And in proximate political terms, the Employment Act of 1946 was clearly a compromise between retreating liberals and conservatives newly convinced that the state could bolster American prosperity, as Bailey and Weidenbaum describe.
	mason.gmu.edu /~ayarrow/Feb20Page.htm (2216 words)

	Government's 50 Greatest Endeavors: Expand Job Training and Placement (Site not responding. Last check: 2007-10-01)
		The Area Redevelopment Act, a $394 million spending package passed in 1961, followed the same strategy of investing in the private sector to stimulate new job creation.
		The Economic Opportunity Act of 1964 featured the Job Corps, a program encompassing a network of rural "conservation camps" and other training centers that offered both basic education and vocational training geared towards school dropouts.
		In 1965, Congress passed the Vocational Rehabilitation Act amendments in an effort to raise the number of physically and mentally handicapped Americans able to complete vocational training and gain employment.
	www.brookings.edu /gs/cps/50ge/endeavors/job.htm (546 words)

	About CEA
		A group of about ten economists, generally professors on one- or two-year leaves from their universities, act as the senior staff economists.
		Indeed, in December and January of each year, the pressure of working simultaneously on the Economic Report of the President, the budget, and the issues to be presented in the president's state of the union message seemed like much more than a full-time job.
		The CEA was created by the Employment Act of 1946 with a Keynesian heritage and an expectation that it would give advice about the use of fiscal policy to achieve and maintain full employment.
	clinton4.nara.gov /WH/EOP/CEA/html/about.html (2638 words)

	US CODE: Title 15,1021. Congressional declarations
		The Full Employment and Balanced Growth Act of 1978, referred to in subsecs.
		For complete classification of this Act to the Code, see Short Title note set out under section 3101 of this title and Tables.
		Section 1 of act Feb. 20, 1946, provided: “This Act [enacting this chapter] may be cited as the ‘Employment Act of 1946’.”
	www.law.cornell.edu /uscode/html/uscode15/usc_sec_15_00001021----000-notes.html (292 words)

	Commentary: Full Employment Won't Send Prices Sky-High
		Congress spelled this out in the Employment Act of 1946 and again in the Humphrey-Hawkins Full Employment & Balanced Growth Act of 1978.
		The Fed has largely ignored the mandate ever since the stagflation of the 1970s, when many economists came to see the idea of a little inflation as an oxymoron.
		It's now safe to ''wait until inflation actually starts to rise before acting to tighten,'' concluded Robert T. Parry, president of the Federal Reserve Bank of San Francisco in a Sept. 27 speech.
	www.businessweek.com /1999/99_42/b3651111.htm (654 words)

	US CODE: Title 15,3116. Job training, counseling and reservoirs of employment projects
		(3) encourage flexi-time and part-time jobs for persons who are able, willing, and seeking employment but who are unable to work a standard workweek.
		(F) shall be phased in by the President as necessary, in conjunction with the employment goals under sections 3(a)(2) and 4(b) of the Employment Act of 1946 [15 U.S.C. (a)(2), 1022a (b)].
		(4) such administrative appeal procedures as may be appropriate to review the initial determination of the abilities of persons willing, able, and seeking to work under paragraph (1) of this subsection and the employment need and eligibility under paragraph (3) of this subsection.
	www.law.cornell.edu /uscode/html/uscode15/usc_sec_15_00003116----000-.html (445 words)

	Outline of the American Economy: - 6
		When Congress passed the Employment Act of 1946, it declared that the promotion of maximum employment, production and purchasing power was to be the policy of the federal government.
		This act focused on full employment, but it did not specify how the goal was to be achieved.
		The CEA advises the president on economic problems and helps set the tone of government policy as it decides what kind of action is required.
	odur.let.rug.nl /usa.990917/ECO/1991/ch6_p8.htm (248 words)

	aw_abelbern_macroecon_5\|Student Resources\|Chapter 11: Keynesianism: The Macroecono\|The Political Environment (Site not responding. Last check: 2007-10-01)
		This concern prompted Congress to pass the Employment Act of 1946 "to promote maximum employment, production, and purchasing power." A more concrete provision of the Employment Act of 1946 was the establishment of the three-person Council of Economic Advisers (CEA).
		The result was a fiscal stimulus that was implemented in two stages: The Revenue Act of 1962 provided tax incentives for investment, and a more comprehensive tax reduction was instituted by the Revenue Act of 1964.
		This fiscal package was followed by a strong economic expansion and was widely regarded as a successful experiment in Keynesian demand management.
	wps.aw.com /aw_abelbern_macroecon_5/0,8751,1139643-,00.html (763 words)

	Week 13 Lecture - Money & Banking, Fall 2000
		The Employment Act of 1946 commits the Fed to "maximum sustainable employment at stable prices." The Humphrey-Hawkins Act of 1978, called the Full Employment and Balanced Growth Act, does much the same, and also requires the Fed Chairman to testify before Congress on a regular basis.
		The term "full employment" is really a misnomer, since there is always some unemployment in the economy, even at such peak times as WWII.
		This goal would seem to be the same as high employment, since strong economic growth creates jobs and reduces unemployment.
	www.oswego.edu /~dighe/lmon13p.htm (1540 words)

Try your search on: Qwika (all wikis)