THE ECONOMY: Unemployment Down

JOBS UP, frontpaged the Cleveland Press. IDLE DOWN, headlined the Washington Daily News. What they had to report was not so much a rise and a fall as a direction: for the first time since the economy's sag set in nearly a year ago, the U.S. Government was able to report last week that unemployment had dropped at more than the usual seasonal rate. In a joint release, the Commerce and Labor Departments announced a May unemployment total of 4,904,000, down 216.-000 from April. The unemployment percentage shrank from 7.5% of the labor force to 7.2%, and total employment...

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