Word: joblessness
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...expected the U.S. to achieve full employment, which it places at 53,500,000 jobs, till next September. Right now, said CED, the nation still has 2,000,000 unemployed, but there are still "hundreds of thousands of jobs" available. And the jobless are no more than the "frictional" or "floating" unemployment of from 1,500,000 to 2,500,000 which CED feels the U.S. will have even with full employment...
...Rough Road. So, surprisingly, was most of reconversion. And the Cassandras were proved wrong. They had predicted 8,000,000 jobless. Yet in September, when the high point of the reconversion layoffs was reached, only 1,650,000 men were out of work. There was still a manpower shortage...
Congress had also ducked its responsibilities on jobless pay, minimum wages, fair employment practices, small business and scientific research...
...Last week the House Ways & Means Committee (14 Democrats and ten Republicans) voted 18-to-6 to reject the President's reconversion proposal: unemployment compensation up to $25 a week for 26 weeks. Then the Committee voted 14-to-10 to shelve further consideration of aid to the jobless, including the bill the Senate had chopped out of the Truman recommendations (TIME, Sept...
...last week there were no signs of a wave of fires or fire sales in shops. Many a delighted merchant watched his sales curve upwards, despite the closing of war plants and the rising pool of jobless. It was still a race between the harried merchant searching for goods to sell, and impatient shoppers grabbing at goods of any kind at any price...