Business & Finance: State of Trade

Last week the National Industrial Conference Board estimated that there were 8,610,000 unemployed workers in the U. S. at the end of February. During the previous eleven months 4,592,000 had found jobs—34.8% of the all-time high figure of 13,200,000 in March 1933. Scrupulous was the Conference Board to count as unemployed 4,000,000 CWA workers, 300,000 Government woodsmen.*

Such figures as these last week made John Businessman sit up and pinch himself to make sure that the amazing upswing in trade since last November was really true. Cornerstone of the improvement, said Dun & Bradstreet,...