Employment Act of 1946

The Employment Act of 1946 is a U.S. law that aims to promote maximum employment, stable prices, and balanced economic growth. It established the Council of Economic Advisers to help the President analyze economic issues and recommend policies. The Act also emphasizes the government's responsibility to support employment opportunities and address unemployment. It set guidelines to coordinate economic policies and prevent severe economic downturns, ensuring a more stable and prosperous economy for workers and the country as a whole.