Business: Needed: More Jobs

The nation's most pressing domestic economic problem—both immediate and long-range—is the rising rate of unemployment. Last week the immediate problem was starkly emphasized when the Labor Department added nine more major industrial areas to those with "substantial" unemployment, bringing the total to 51 of the nation's 150 biggest industrial areas. President Eisenhower was reported "concerned" over the high U.S. unemployment rate, which is now more than 6% of the labor force.

The paradox about unemployment is that it is likely to get worse even when employment continues to hold up well. This week the Labor Department announced that employment declined 300,000 in...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!