000			01312nam a2200181Ia 4500
999			_c13282 _d13282
005			20220505180431.0
008			200202s9999 xx 000 0 und d
082			_a331.894 WIL
100			_a"Wilcock,Richard C."
245		0	_aUnwanted workers
260			_aLondon
260			_bFree Press
260			_c1963
300			_a340p.
520			_aIN THE Great Depression of the 1930's, mass unemployment was a national disaster because of its waste of human resources and vast personal suffering. Now, in the 1960's, unemployment has again become a major national problem, although with changed dimen sions. First, unemployment has not been as widespread throughout the population but has hit some groups and some areas much harder than others. Second, there has been a pattern of recession and prosperity, with unemployment rates becoming higher in each successive period of prosperity. Unemployment has not been returning to "normal" levels after recessions. Following the 1949 recession, unemployment averaged about 3 per cent of the labor force; but after the 1954 recession the average was above 4 per cent, and following the 1958 reces sion it stabilized above 5 per cent. The prosperity period after the 1960 recession has had an even higher average.
650			_aUnemployment
942			_cB _2ddc