Industrial output risesIndustrial production rose and...


December 17, 1992

Industrial output rises

Industrial production rose and housing construction improved to its highest level in seven months in November, the government said yesterday, providing fresh evidence that the economy was slowly coming back to life.

The Federal Reserve said the output of the nation's factories, mines and utilities rose 0.4 percent in November for the second straight monthly gain. October's advance was revised to 0.5 percent from the initial estimate of 0.3 percent. The Commerce Department said construction of new homes and apartments totaled 1.24 million at a seasonally adjusted annual rate in November, up 1.5 percent from 1.22 million a month earlier.

Marriott fills 2 board seats

Marriott Corp. has filled two vacant board seats, naming as directors R. Theodore Ammon, 43, a former partner of Kohlberg Kravis Roberts & Co., the leveraged buyout firm, and W. Mitt Romney, 45, chief executive of Bain & Co., the Boston consulting group.

Women's earnings gap persists

Women earned 70 cents for every dollar earned by men in 1991, down from 72 cents in 1990, Working Woman magazine reported. And while women's wages jumped to 75 percent of men's during the first three quarters of 1992, that was because men's wages dropped faster than women's did -- not because women's wages went up.

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