As John F. Kennedy pointed with pride last week to the latest decrease in the unemployment rate (see THE NATION), U.S. economists puzzled over some employment statistics that the President failed to mention. For years, the economists have predicted that because of the baby boom of the 1940s, the number of Americans looking for jobs would swell to unmanageable proportions in the 1960s.
According to this theory, the number of people working and looking for work in the U.S. should have increased by about 850,000 last year. Instead, the nation's labor force last month stood at only 70.3 million peopleĀ28,000...
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