LABOR: Spring Slump

Last January U. S. officials in Washington predicted that the current unemployment crisis would be over in March. Early in March, when no perceptible industrial pickup occurred, President Hoover scrutinized statistics, forecast that the "worst" would be over in "60 days" (i. e., the first week of May).

Last week the Department of Labor issued its March employment figures which completely confounded the January prophets, raised doubts as to the fulfillment of the President's own forecast. Instead of a Spring employment rise, the March figures indicated a Spring slump of 1% under...

Want the full story?

Subscribe Now


Learn more about the benefits of being a TIME subscriber

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