The Economy: Two Kinds of Unemployment

Called up to Capitol Hill last week to appear before Congress' Joint Economic Committee, the Administration's top economic-policy officials reported a "consensus'' that the economy would start turning up in April. But a basic disagreement reared up in testimony on the cause and cure of unemployment.

William McChesney Martin Jr.. chairman of the Federal Reserve Board, argued that the current unemployment in the U.S. is largely "structural," resulting from technological shifts rather than from recession, and concentrated among "the semiskilled and the unskilled" in the special areas of "farming, mining, transportation and...

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