THE NATION: Back to Work

In all the buoyant talk of boom and the signs of it in company earnings, cautious prophets had kept a nervous eye on one critical statistic. That was the figure on unemployment, which by January had reached the 4,000,000 mark. Last week, for the first time this year, the Census Bureau reported that the nation's unemployed had dropped well below 4,000,000.

In the first weeks of spring, farmers were taking on new hands, and the nation's factories were swamped with a rush of new orders which set a postwar record. Despite the appearance of 508,000 new job...

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