The unemployment rate dropped over 2% - moving from 6.5% to a little over 4% by the end of the years. And the employment growth was split between manufacturing and employment:
Manufacturing employment increased over 2 million while
service sector growth increased over 1 million.
Government employment also increase about about 400,000.
As a result of this activity, we see real disposable personal income increase on a YOY basis of over 9%.
Below are some charts on wages and savings from the 1951 Economic Report to the President that show the above information, but in 1950s econ style.
