Business: Cause & Effect

Carloadings are a primary index of business conditions. Still more primary are stomach-loadings. But unemployment, though the bitterest index of bad times, is not the best, for the U. S. has never found a satisfactory way of measuring it. Last week, however, Government estimates of unemployment increases, varying widely in figures, were in complete basic agreement: unemployment is growing by leaps & bounds. Leon Henderson, onetime NRA economist, estimated in a study made for WPA that 2,000,000 workers have lost their jobs since September 1, that between 1,000,000 and 2,000,000 more will do so before February 1. Acting WPAdministrator Aubrey Williams...

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