Business: TIME CLOCK, Nov. 14, 1960

JOBLESS RISE totaled 200,000 in October instead of taking usual seasonal drop of 200,000 in month. Employment fell by 300,000, instead of rising by normal seasonal increase of 400,000. Number of jobless hit 6.4% of the work force on a seasonally adjusted basis, up from 5.7% in Sep-tember—highest level since October 1958. Total employment of 67.5 million was still record for month.

OCTOBER CAR SALES of 538,000 v. 527,000 last year were record for month. Ten-month sales ran 7.8% above last year's level. Compacts accounted for 28.9% of October sales, with the Falcon continuing...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!