STATE OF BUSINESS: The 4,749,000 Problem

Unemployment, the No. 1 U.S. economic problem, is still failing to react to the gains in the rest of the economy. So the latest figures from the Commerce and Labor departments showed last week. The jobless in February rose 25,000, to 4,749,000, while employment also increased 16,000, to 62,722,000. The rate of unemployment, seasonally adjusted, rose from 6% of the labor force, where it has stood so far this year, to 6.1%. Ordinarily, so small a change would be discounted; it could be a statistical error. What worried economists was the failure of employment to chalk up the seasonal rise...

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