The Nixon Administration will have at least some elbow room in its touchy task of restraining the inflationary U.S. economy without risking serious unemployment. The Labor Department reported last week that, despite the 10% tax surcharge, unemployment in the nation's 79 million-member force shrank from 3.6% in October to 3.3% in November. The rate was the lowest since the 3.1% of October 1953, when the Korean War came to a close.
Among adult men, joblessness declined from 2.3% in October to a rec ord low of 2%, while teen-age unemployment dropped from 12.7% to 12.2%. Unemployment among...
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