Knowledge (XXG)

Humphrey–Hawkins Full Employment Act

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full employment, production, and real income, balanced growth, adequate productivity growth, proper attention to national priorities, and reasonable price stability; to require the President each year to set forth explicit short-term and medium-term economic goals; to achieve a better integration of general and structural economic policies; and to improve the coordination of economic policymaking within the Federal Government.
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An Act to translate into practical reality the right of all Americans who are able, willing, and seeking to work to full opportunity for useful paid employment at fair rates of compensation; to assert the responsibility of the Federal Government to use all practicable programs and policies to promote
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If private enterprise appeared not to be meeting these goals, the Act in its original form, though not in its ultimate iteration, expressly allowed the federal government to create a "reservoir of public employment," provided of course that the legislation to establish the "reservoir" managed to
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The Act set specific numerical goals for the President to attain. By 1983, unemployment rates should be not more than 3% for persons aged 20 or over and not more than 4% for persons aged 16 or over, and inflation rates should not be over 4%. By 1988, inflation rates should be 0%. The Act allows
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of 1946, which encouraged the federal government to pursue "maximum employment, production, and purchasing power" by cooperation with private enterprise. Some Representatives, dissatisfied with the vague wording of this act, sought to create an amendment that would strengthen and clarify the
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November 5, 1990: Public Law 101-508, attached to the Pollution Prevention Act, required the Economic Report to the President to be submitted within 20 days after the start of the session of Congress instead of 10 days after the submission of the annual
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Congress to revise these goals over time. (It is worth noting that as of 2017 the Federal Reserve has had a target inflation rate of 2%, not 0%. 0% inflation is not considered ideal and can lead to deflation which can hurt the economy.)
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May 10, 1979: Public Law 96-10, attached to H.R. 2283, amended the Act to include federal outlays as a proportion of the gross national product when numerical goals are calculated.
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Mandates the Board of Governors of the Federal Reserve to establish a monetary policy that maintains long-run growth, minimizes inflation, and promotes price stability.
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become ratified. These jobs would have been required to be in the lower ranges of skill and pay to minimize competition with the private sector.
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Consistent with Keynesian theory, the Act provides for measures to create public jobs to reduce unemployment, as applied during the
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on October 27, 1978, and codified as 15 USC § 3101. The Act explicitly instructs the nation to strive toward four ultimate goals:
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Overall, the Act sought to formalize and expand Congress's role in the economic policy process, as governed by the
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Requires the Chairman of the Federal Reserve to connect the monetary policy with the Presidential economic policy.
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Explicitly states that the federal government will rely primarily on private enterprise to achieve the four goals.
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Public Law 95-523, 95th Congress, H.R. 50: Full Employment and Balanced Growth Act [Humphrey-Hawkins Act]
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on account of sex, religion, race, age, and national origin in any program created under the Act.
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Requires the President to set numerical goals for the economy of the next fiscal year in the
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created the Full Employment and Balanced Growth Act. It was signed into law by President
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Unemployment and inflation levels began to rise in the early 1970s, reviving fears of an
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Full-text of reports from 1979-current from the Federal Reserve Bank of St. Louis:
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1978 United States law requiring the Federal Reserve to perform certain functions
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The Goals of U.S. Monetary Policy from the Federal Reserve Bank of San Francisco
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Solar Photovoltaic Energy Research, Development, and Demonstration Act of 1978
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Instructs the government to take reasonable means to balance the budget.
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Financial Institutions Regulatory and Interest Rate Control Act of 1978
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In response to rising unemployment levels in the 1970s, Representative
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Instructs the Board of Governors of the Federal Reserve to transmit a
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Nuclear Safety, Research, Demonstration, and Development Act of 1980
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by managing the amount and liquidity of currency in circulation.
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The Act also encouraged the government to develop a sound
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and to suggest policies that will achieve these goals.
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Office of Surface Mining Reclamation and Enforcement
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Public–Private Investment Program for Legacy Assets
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Investment Co. 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568: 565: 564: 537:(4): 619–653. 514: 489: 477:15 U.S.C. 443: 442: 440: 437: 436: 435: 430: 425: 420: 413: 410: 409: 408: 404: 392: 389: 385:discrimination 373: 372: 369: 362: 355: 352: 345: 342: 306: 303: 274:Phillips curve 262:Employment Act 253: 250: 228: 227: 221: 220: 216: 215: 213: 212: 202: 192: 186: 180: 167: 144: 141: 140: 132: 131: 126: 122: 121: 117: 116: 106: 98: 97: 83: 79: 78: 74: 73: 67: 63: 62: 59: 55: 54: 50: 46: 45: 28: 24: 14: 13: 10: 9: 6: 4: 3: 2: 3051: 3040: 3037: 3035: 3032: 3030: 3027: 3025: 3022: 3020: 3017: 3015: 3012: 3010: 3007: 3005: 3002: 3001: 2999: 2984: 2983: 2974: 2973: 2970: 2969: 2965: 2963: 2962: 2961:← Gerald Ford 2958: 2957: 2954: 2947: 2944: 2941: 2938: 2935: 2932: 2929: 2926: 2923: 2920: 2917: 2914: 2911: 2908: 2905: 2902: 2899: 2896: 2893: 2890: 2887: 2884: 2881: 2878: 2877: 2875: 2871: 2864: 2863: 2859: 2856: 2855: 2851: 2849: 2846: 2843: 2840: 2836: 2833: 2831: 2828: 2827: 2825: 2824: 2822: 2818: 2811: 2808: 2805: 2802: 2800: 2799: 2794: 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2368: 2365: 2364: 2363: 2360: 2356: 2353: 2351: 2348: 2347: 2346: 2343: 2341: 2338: 2336: 2333: 2331: 2328: 2326: 2323: 2321: 2318: 2317: 2315: 2313: 2310:Environmental 2307: 2301: 2298: 2296: 2293: 2289: 2286: 2284: 2281: 2279: 2276: 2275: 2274: 2271: 2267: 2264: 2263: 2262: 2259: 2257: 2254: 2252: 2249: 2248: 2246: 2244: 2243:Energy policy 2240: 2234: 2231: 2229: 2226: 2224: 2221: 2219: 2216: 2214: 2211: 2209: 2206: 2204: 2201: 2199: 2196: 2194: 2191: 2187: 2184: 2182: 2179: 2177: 2174: 2173: 2172: 2169: 2167: 2164: 2162: 2159: 2157: 2154: 2152: 2149: 2147: 2144: 2142: 2139: 2137: 2134: 2132: 2129: 2127: 2124: 2122: 2119: 2118: 2116: 2112: 2106: 2103: 2101: 2098: 2094: 2091: 2090: 2089: 2086: 2082: 2079: 2078: 2077: 2074: 2072: 2069: 2065: 2062: 2061: 2060: 2057: 2055: 2052: 2051: 2049: 2045: 2039: 2036: 2032: 2029: 2028: 2027: 2024: 2022: 2019: 2017: 2014: 2012: 2009: 2007: 2004: 2002: 1999: 1995: 1994: 1990: 1989: 1988: 1985: 1981: 1978: 1976: 1973: 1971: 1968: 1966: 1963: 1961: 1958: 1956: 1953: 1951: 1948: 1946: 1943: 1941: 1938: 1937: 1936: 1933: 1931: 1928: 1924: 1921: 1920: 1919: 1916: 1914: 1911: 1910: 1908: 1906: 1902: 1896: 1893: 1891: 1888: 1886: 1883: 1881: 1878: 1874: 1873:controversies 1871: 1870: 1869: 1866: 1864: 1861: 1859: 1856: 1852: 1849: 1847: 1844: 1842: 1839: 1837: 1834: 1832: 1829: 1828: 1827: 1824: 1822: 1819: 1817: 1814: 1813: 1811: 1808: 1803: 1799: 1791: 1787: 1783: 1780: 1776: 1772: 1769: 1765: 1764: 1761: 1757: 1750: 1745: 1743: 1738: 1736: 1731: 1730: 1727: 1715: 1712: 1710: 1707: 1703: 1700: 1699: 1698: 1695: 1693: 1690: 1688: 1685: 1683: 1680: 1678: 1675: 1673: 1670: 1668: 1665: 1664: 1662: 1658: 1651: 1650:San Francisco 1647: 1644: 1641: 1637: 1634: 1631: 1627: 1624: 1621: 1617: 1616:Neel Kashkari 1614: 1611: 1607: 1604: 1601: 1597: 1594: 1591: 1587: 1584: 1581: 1577: 1576:Thomas Barkin 1574: 1571: 1567: 1564: 1561: 1557: 1554: 1551: 1547: 1546:John Williams 1544: 1541: 1537: 1536:Susan Collins 1534: 1533: 1531: 1529:(by district) 1525: 1519: 1516: 1514: 1511: 1509: 1506: 1504: 1501: 1498: 1494: 1491: 1488: 1484: 1481: 1478: 1474: 1473:Jerome Powell 1471: 1470: 1468: 1466: 1460: 1453: 1452:Jerome Powell 1450: 1447: 1444: 1441: 1438: 1435: 1432: 1429: 1426: 1423: 1420: 1417: 1414: 1411: 1408: 1405: 1402: 1399: 1396: 1393: 1390: 1387: 1384: 1381: 1378: 1375: 1372: 1369: 1366: 1363: 1360: 1359: 1357: 1355: 1351: 1344: 1343: 1339: 1336: 1333: 1330: 1326: 1323: 1320: 1317: 1314: 1311: 1309: 1306: 1303: 1302: 1298: 1295: 1292: 1289: 1286: 1283: 1280: 1277: 1274: 1271: 1268: 1265: 1262: 1259: 1256: 1253: 1250: 1247: 1244: 1241: 1240:Greenspan put 1238: 1235: 1234: 1230: 1227: 1226: 1222: 1219: 1216: 1213: 1210: 1207: 1204: 1201: 1198: 1195: 1192: 1189: 1186: 1183: 1180: 1177: 1174: 1171: 1168: 1165: 1162: 1159: 1156: 1153: 1150: 1147: 1144: 1141: 1138: 1136: 1133: 1130: 1127: 1125: 1122: 1119: 1116: 1113: 1110: 1107: 1104: 1101: 1098: 1095: 1092: 1089: 1086: 1083: 1080: 1077: 1074: 1071: 1068: 1065: 1062: 1059: 1056: 1055: 1053: 1050: 1045: 1041: 1035: 1032: 1028: 1025: 1024: 1023: 1020: 1018: 1017:Federal funds 1015: 1011: 1008: 1007: 1006: 1003: 1002: 1000: 998:Federal funds 996: 990: 987: 985: 982: 980: 977: 976: 974: 970: 955: 952: 950: 947: 946: 944: 942: 938: 932: 929: 927: 924: 922: 919: 917: 914: 912: 909: 908: 905: 901: 894: 889: 887: 882: 880: 875: 874: 871: 859: 851: 850: 847: 846:Spiro Agnew → 844: 842: 839: 838: 835: 828: 825: 822: 819: 818: 816: 814:personal life 810: 804: 801: 799: 796: 794: 791: 789: 787: 783: 782: 780: 776: 769: 768:Edmund Muskie 765: 762: 758: 755: 754: 753: 750: 748: 745: 743: 740: 736: 733: 732: 731: 728: 726: 723: 721: 718: 716: 713: 711: 708: 706: 703: 702: 700: 698: 694: 688: 685: 683: 680: 678: 675: 674: 672: 668: 662: 658: 655: 649: 645: 638: 633: 631: 626: 624: 619: 618: 615: 609: 606: 604: 601: 599: 595: 591: 589: 586: 584: 580: 577: 574: 573: 569: 560: 556: 552: 548: 544: 540: 536: 532: 528: 521: 519: 515: 511: 507: 503: 499: 493: 490: 486: 482: 478: 470: 466: 462: 455: 448: 445: 438: 434: 433:Job guarantee 431: 429: 426: 424: 421: 419: 416: 415: 411: 405: 402: 401: 400: 398: 390: 388: 386: 381: 377: 370: 367: 363: 360: 356: 353: 350: 346: 343: 340: 339: 338: 336: 332: 328: 324: 320: 316: 312: 304: 302: 300: 295: 293: 289: 284: 282: 277: 275: 271: 266: 263: 259: 251: 249: 247: 243: 239: 235: 226: 222: 217: 210: 207:by President 206: 203: 200: 196: 193: 190: 187: 184: 181: 179: 175: 171: 168: 165: 161: 157: 153: 149: 146: 145: 142: 138: 133: 130: 127: 123: 118: 115: 111: 107: 105: 99: 96: 89: 84: 80: 75: 72: 68: 64: 60: 56: 51: 47: 43: 38: 32: 27: 19: 2975: 2966: 2959: 2934:Emily Dolvin 2928:Billy Carter 2898:Jason Carter 2860: 2854:Jimmy Carter 2852: 2848:UFO incident 2798:Jimmy Carter 2797: 2774:Grammy Award 2759:Hoover Medal 2705: 2697: 2689: 2681: 2673: 2658: 2650: 2642: 2634: 2475:Presidential 2197: 2136:Carter bonds 1991: 1851:January 1981 1821:Inauguration 1756:Jimmy Carter 1667:Central bank 1646:Mary C. Daly 1560:Philadelphia 1513:Lisa D. Cook 1493:Michael Barr 1446:Janet Yellen 1440:Ben Bernanke 1428:Paul Volcker 1386:Eugene Meyer 1380:Roy A. Young 1340: 1299: 1231: 1223: 1205: 1152:FOMC actions 1106:Regulation Q 1094:Regulation D 785: 686: 534: 530: 497: 492: 481:§§ 3101 447: 394: 382: 378: 374: 319:Jimmy Carter 313:and Senator 308: 296: 285: 278: 267: 255: 237: 233: 231: 224: 209:Jimmy Carter 204: 194: 188: 182: 169: 152:H.R. 50 147: 125:Acts amended 120:Codification 31: 26: 2940:Hugh Carter 2886:Jack Carter 2842:Mary Prince 2826:Residences 2707:A Full Life 2602:White House 2021:Refugee Act 1792:(1963–1967) 1784:(1971–1975) 1773:(1977–1981) 1636:Lorie Logan 1630:Kansas City 1626:Jeff Schmid 1620:Minneapolis 1448:(2014–2018) 1442:(2006–2014) 1436:(1987–2006) 1430:(1979–1987) 1424:(1978–1979) 1418:(1970–1978) 1412:(1951–1970) 1406:(1948–1951) 1400:(1934–1948) 1394:(1933–1934) 1388:(1930–1933) 1382:(1927–1930) 1376:(1923–1927) 1370:(1916–1922) 1364:(1914–1916) 1337:(2020–2021) 1315:(2009–2010) 1296:(2008–2010) 1290:(2008–2010) 1272:(2007–2010) 1164:Nixon shock 1131:(1944–1971) 1076:Pittman Act 1066:(1909–1912) 1049:Antecedents 500:, 2nd ed. ( 242:legislation 178:House Rules 2998:Categories 2900:(grandson) 2894:(daughter) 2892:Amy Carter 2830:Birthplace 2721:and honors 2585:The Elders 2529:convention 2497:convention 2031:FISA Court 1816:Transition 1802:Presidency 1487:Vice Chair 1088:Phelan Act 979:Beige Book 916:Vice Chair 812:Family and 502:Cheltenham 496:Cate, T., 471:, enacted 463:, 92  439:References 391:Amendments 148:Introduced 82:Public law 49:Long title 2930:(brother) 2796:USS  2519:primaries 2487:primaries 2446:Elections 2345:Superfund 2146:DIDMC Act 1714:Sahm rule 1677:Fed model 1610:St. Louis 1570:Cleveland 1465:governors 1252:FIRRE Act 1218:DIDMC Act 1096:(c. 1930) 1010:Bank rate 941:Banknotes 921:Governors 559:248843101 551:0018-2702 508:, 2013), 77:Citations 58:Nicknames 2982:Category 2942:(cousin) 2924:(sister) 2918:(sister) 2912:(mother) 2906:(father) 2539:election 2507:election 2392:Speeches 1826:Timeline 1807:timeline 1682:Fedspeak 1580:Richmond 1550:New York 1082:Edge Act 858:Category 735:protests 579:Archived 412:See also 305:Overview 108:92  2844:(nanny) 2820:Related 2663:(2006) 2534:debates 2502:debates 1863:Cabinet 1702:History 1687:Fed put 1660:Related 1600:Chicago 1590:Atlanta 1463:Current 1327:(2010; 1321:(2009–) 1044:History 972:Reports 786:Primary 453:Pub. L. 407:budget. 244:by the 87:Pub. L. 2936:(aunt) 2882:(wife) 2873:Family 2812:(1994) 2806:(1987) 2792:(1976) 2783:Legacy 2719:Awards 2710:(2015) 2702:(2014) 2694:(2010) 2686:(2009) 2678:(2007) 2655:(2006) 2647:(2003) 2639:(1987) 2312:policy 1640:Dallas 1540:Boston 1354:Chairs 1345:(2024) 1304:(2009) 1284:(2008) 1278:(2008) 1266:(1999) 1260:(1991) 1254:(1989) 1248:(1987) 1242:(1987) 1236:(1985) 1228:(1981) 1220:(1980) 1214:(1978) 1208:(1978) 1202:(1978) 1196:(1977) 1190:(1977) 1184:(1975) 1178:(1974) 1172:(1971) 1166:(1971) 1160:(1968) 1148:(1956) 1142:(1951) 1120:(1934) 1114:(1933) 1108:(1933) 1102:(1933) 1090:(1920) 1084:(1919) 1078:(1918) 1072:(1913) 1060:(1908) 823:(wife) 778:Legacy 596:, and 557:  549:  510:p. 182 479:  467:  461:95–523 459:  397:riders 335:budget 329:, and 112:  95:95–523 93:  2888:(son) 2627:Books 1477:Chair 911:Chair 829:(son) 555:S2CID 465:Stat. 110:Stat. 2835:Home 2466:1970 2461:1966 2434:1981 2429:1980 2424:1979 2419:1978 1846:1980 1841:1979 1836:1978 1831:1977 1779:76th 1768:39th 752:1968 742:1972 730:1968 725:1964 715:1972 710:1968 654:38th 547:ISSN 485:3152 469:1887 333:and 232:The 114:1887 69:the 539:doi 172:by 154:by 3000:: 553:. 545:. 535:54 533:. 529:. 517:^ 504:: 475:, 283:. 248:. 176:, 164:CA 1809:) 1805:( 1748:e 1741:t 1734:v 1652:) 1648:( 1642:) 1638:( 1632:) 1628:( 1622:) 1618:( 1612:) 1608:( 1602:) 1598:( 1592:) 1588:( 1582:) 1578:( 1572:) 1568:( 1562:) 1558:( 1552:) 1548:( 1542:) 1538:( 1499:) 1495:( 1489:) 1485:( 1479:) 1475:( 1331:) 1051:) 1047:( 892:e 885:t 878:v 770:) 766:( 636:e 629:t 622:v 561:. 541:: 512:. 487:. 483:– 201:) 162:– 160:D 158:( 20:)

Index

Humphrey-Hawkins Full Employment Act
Great Seal of the United States
95th United States Congress
Pub. L.
95–523
Statutes at Large
Stat.
1887
Employment Act of 1946
Legislative history
H.R. 50
Augustus F. Hawkins
D
CA
House Education and Labor
House Rules
H.Res. 1446
Jimmy Carter
legislation
United States government
economic recession
Employment Act
Keynesian economics
Phillips curve
Great Depression
monetary policy
full employment
Federal Reserve
Augustus Hawkins
Hubert Humphrey

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