EMPLOYMENT is lagging far behind general recovery from the recession. While industrial production has recouped more than 50% of its loss, manufacturing employment has recovered only 25%. When will the bulk of the unemployed be rehired? Last week top Administration economists estimated that even when production hits the mid-1957 boom level, unemployment will remain at upwards of 4,000,000, or 6% of the labor force, because of some significant changes in production methods.
Prospects seem dim for any fast improvement in many key industries. Railroad employment plunged from 985,000 last year to 626,000...
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