The real economic issue this election year will be the unemployment issue. While nearly every other indicator of economic well-being continues to improve, a stubborn strain of joblessness hangs on like a debilitating flu. President Nixon declared last week that unemployment remains the economy's "great problem," and he vowed to reduce it "significantly" this year. He is trying a number of remedies, but because of big and basic changes in the labor force and a reluctance to act decisively against unemployment until recently, these may bring little more than mild relief.
Unemployment is entering its second year of hovering around 6%....
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