A SERIOUS PROBLEM
UNEMPLOYMENT IN UNITED ; STATES. BUSINESS MAKES GREATER GAINS. (IJ.P.A. by Elec. Tel. Copyright,) (Received May 19, 8.5 pun.). NEW YORK, May 19. - The American Federation of Labor has issued a. report on the first quarter of 1936 showing that- employment gained 2.4 per cant- and wages’ 4.8 per cent, while business profits rose 36 per cent and the cost of living rose two per cent,, so the actual wage gti-iii was only 2.S per pent.
Tho report warns that the faJure of tlie re-eriipioyineiit to- keep pace with business recovery has created a serio-us. problem. Although 2,89(1,000 more persons are working than vi year ago, there arc still ]2,1.84,4)00 unemployed.
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Bibliographic details
Gisborne Times, Volume LXXXIV, Issue 12865, 20 May 1936, Page 5
Word Count
113A SERIOUS PROBLEM Gisborne Times, Volume LXXXIV, Issue 12865, 20 May 1936, Page 5
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