Employment: Room Above the Bottom

While the President of the U.S. last week toured the Appalachian areas of poverty, bringing attention once more to the fact that unemployment as well as prosperity is a major fact in the land, statistics showed that the paradox of the employment situation is becoming even more pronounced.

In the past year, the thriving econ omy has generated 1,500,000 new jobs, but only 1,200,000 new workers have entered the market — thus forcing down joblessness from 5.8% of the work force to 5.4% last month. There are many parts of the nation in which the real problem is not how...

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