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It also reviews U.S. balance of payments deterioration, personal income movements, consumer buying plan indicators, and detailed breakdowns of consumer credit by type and change over recent months.",{"@graph":14,"@context":73},[15,34,56],{"@type":16,"itemListElement":17},"BreadcrumbList",[18,23,27,31],{"item":19,"name":20,"@type":21,"position":22},"https://docshare.wps.com","Home","ListItem",1,{"item":24,"name":25,"@type":21,"position":26},"https://docshare.wps.com/document/","Document",2,{"item":28,"name":29,"@type":21,"position":30},"https://docshare.wps.com/document/research-report/","Research & 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of the May 1975 Finance Facts publication?","Question",{"text":63,"@type":64},"It focuses on consumer financial behavior, linking household financial decisions to broader economic conditions through labor, income, credit, and market updates.","Answer",{"name":66,"@type":61,"acceptedAnswer":67},"How does the issue describe changes in electronic funds transfer systems (EFTS)?",{"text":68,"@type":64},"It explains that improved computer and communication technologies have brought EFTS closer to everyday life.",{"name":70,"@type":61,"acceptedAnswer":71},"What does the publication report about consumer credit levels and their composition?",{"text":72,"@type":64},"It reports total consumer credit at end of February and breaks installment credit into categories such as personal loans, home repair and modernization, automobiles, and other consumer goods, along with recent net 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this publication may he quoted or reproduced.  \nMAY 1975  \n## ELECTRONIC FUNDS TRANSFER\n\nImproved computer and communication technologies have brought thephenomenon of electronic funds transfer systems(EFTS)closer to areality of daily life.Mark G.Bender,NCFA Economist,addresses thistimely subject in a new book:EFTS:ELECTRONIC FUNDS TRANS-FER SYSTEMS-ELEMENTS AND IMPACT.See the coupon onpage 3.  \n## UNION MEMBERSHIP\n\nThe increase in union membership has not kept pace with the growth innonagricultural employment,according to The Conference Board.While total national union membership has risen by 17.2%from 1962to 1972,it has also decreased as a percent of the nonagricultural workforce from 29.8%to 26.7%.  \nOrganized labor has made sizable gains among government workers andwomen.Between 1962 and 1972,government employees accounted forone-third of the rise in union rolls,while the proportion of womengrew to 25%.Historically,unions have been strongest in the manu-facturing sector of the economy.Employment in this group has re-mained relatively stable even though total nonagricultural employmenthas increased.However,in 1972 less than half of the manufacturingemployees were union members representing 42.8%of total nationalunion membership.  \nIn 1972 (latest available data),approximately 23.8 million workers weremembers of a union or an employee association.The largest inde-pendent unions were the Teamsters and United Auto Workers whichhad 3.2 million members.Of the 2.2 million workers belonging to anational employee association,more than half belonged to the NationalEducational Association.  \n## EMPLOYMENT SITUATION\n\nCivilian labor force rose by 320,000 in March to 91.8 million(seasonallyadjusted)after declining in February.The March increase was entirelyconcentrated among adult women while the adult male and teenagelabor force levels remained unchanged over the month.  \nNumber of unemployed persons increased by 0.5 million in March raisingthe unemployment total up to 8.0 million.Since August 1974,whenjoblessness began its sharp upward trend,total unemployment has  \nU.S.Balance of Payments(Millions of Dollars);Source:Departmeatof Commerce And  \nNalional Conumer Finance ABocialion p-preliminaryNote;Dalo for 19711973m onnual tolal.  \n## CONSUMER EXPECTATIONSAND-PLANS TO BUY\n\nincreased by 3.1 million.During March more than two-thirds of theincrease in unemployed can be attributed to job loss,as the numberof persons who lost their last job rose to 4.4 million.Over the pastseven months,the number of job losers has risen by 2.3 million,toaccount for over three-fourths of overall increase in unemployment.  \n## U.S.BALANCE OF PAYMENTS\n\nBalance of payments deficit was realized on most major accounts at yearend 1974 as U.S.payments position deteriorated.Preliminary datashow that the merchandise trade balance,difference between mer-chandise exports and imports,declined from a surplus of $471 millionat year end 1973 to a deficit of $5.9 billion for 1974.  \nBalance on current account deteriorated from a revised surplus of $450million at year end 1973 to a deficit of $4.0 billion for the four quartersin 1974.This account includes all goods and services plus UnitedStates non-military grants.The so-called basic balance,current accountplus long-term capital flows,deteriorated from a revised deficit of $1billion in 1973 to a deficit of $10.6 billion for year end 1974.  \nContinued deterioration is expected in the balance of payments in 1975due to price inflation in the U.S.and sharply higher prices for energyimports.  \n## PERSONAL INCOME\n\nPersonal income increased $1.2 billion in March to a seasonally adjustedannual rate of $1,194.6 billion.This compares with a revised Februaryincrease of $2.3 billion.Personal income for the first three monthsof 1975 amounted to $1,193.0 billion which was $80.5 billion,or 7.2%above the corresponding period last year.  \nWag","cbCaitqw49rAjKlu","https://ap.wps.com/l/cbCaitqw49rAjKlu","pdf",1302914,"English","# ELECTRONIC FUNDS TRANSFER\n# UNION MEMBERSHIP\n# EMPLOYMENT SITUATION\n# CONSUMER EXPECTATIONS AND PLANS TO BUY\n# U.S. BALANCE OF PAYMENTS\n# PERSONAL INCOME\n# CONSUMER BUYING PLANS\n# CONSUMER CREDIT","[{\"question\":\"What is the focus of the May 1975 Finance Facts publication?\",\"answer\":\"It focuses on consumer financial behavior, linking household financial decisions to broader economic conditions through labor, income, credit, and market updates.\"},{\"question\":\"How does the issue describe changes in electronic funds transfer systems (EFTS)?\",\"answer\":\"It explains that improved computer and communication technologies have brought EFTS closer to everyday life.\"},{\"question\":\"What does the publication report about consumer credit levels and their composition?\",\"answer\":\"It reports total consumer credit at end of February and breaks installment credit into categories such as personal loans, home repair and modernization, automobiles, and other consumer goods, along with recent net changes.\"}]","FINANCE FACTS - May 1975 - Monthly Publication on Consumer Financial Behavior | PDF",1789962450,13]