UNEMPLOYMENT FIGURES-: Unemployment Figures

AS the March unemployment figures came out last week (see NATIONAL AFFAIRS), the big question was whether they had improved enough to show a leveling off in the recession. To some economists, both amateur and professional, they had not. The normal seasonal increase in employment between February and March is 500,000 and the normal decline in unemployment about 200,000. By contrast, the March figures showed only a 323,000 increase in employment while unemployment actually edged up another 25,000. To some thoughtful experts, an equally important question is: Should the employment figures be used for hairline appraisals of the U.S....

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