Employment Act Of 1946
Definition of 'Employment Act Of 1946'An act of legislation enacted by the United States Congress that charged the government with the responsibility of maintaining a high employment level of labor and price stability. These two goals are in direct conflict with each other, because as full employment is achieved consistently over time, demand-pull inflation will result. |
|
Investopedia explains 'Employment Act Of 1946'The employment act of 1946, which was enacted under President Truman, resulted in the Council of Economic Advisors. The council is charged with assisting the President in preparing the annual economic report, advising the President on certain policies, and collect economic data and report on the economic growth and trends within the |
Related Definitions
Articles Of Interest
-
Explaining The World Through Macroeconomic Analysis
From unemployment and inflation to government policy, learn what macroeconomics measures and how it affects everyone. -
The Importance Of Inflation And GDP
Learn the underlying theories behind these concepts and what they can mean for your portfolio. -
Understanding The Consumer Confidence Index
We look at this closely watched economic indicator to see what it means and how it's calculated. -
What You Need To Know About The Employment Report
This widely watched indicator of economic well-being also directly influences the market. -
Employability, The Labor Force And The Economy
Individuals do not have absolute control of their employability since employability is also affected by market and economic conditions. -
Why Global Unemployment Is Rising
The ILO is reporting that there are now 50 million fewer jobs in the global economy than before 2008. Find out why. -
States With Demand For Workers
If you can brave the cold weather, we'll tell you why these places are great for employment. -
How Unemployment Stats Affect Employed People
Unemployment is still hovering close to 10%, but what does it all mean to you? Find out how unemployment statistics affect your employment. -
Water Cooler Finance: Conflicting Job Reports And A Facebook IPO
With forecasted employment growth, robust tech and automakers, and some serious social media stock action, it's an exciting start for 2011. -
Jobless Recovery: The New Normal Since 1990
Just because the economy rebounds from a recession does not mean the unemployment rate will follow.