Carloadings are a primary index of business conditions. Still more primary are stomach-loadings. But unemployment, though the bitterest index of bad times, is not the best, for the U. S. has never found a satisfactory way of measuring it. Last week, however, Government estimates of unemployment increases, varying widely in figures, were in complete basic agreement: unemployment is growing by leaps & bounds. Leon Henderson, onetime NRA economist, estimated in a study made for WPA that 2,000,000 workers have lost their jobs since September 1, that between 1,000,000 and 2,000,000 more will do so before February 1. Acting WPAdministrator Aubrey Williams...
Business: Cause & Effect
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