UNEMPLOYMENT
IMPROVEMENT IN U.S.A. SOME INDUSTRIES AFFECTED. DEPRESSIVE EFFECT CAUSED. (UNITED PRESS ASSOCIATION—BY ELECTRIC I’ELEG RA I‘H—COPYRIGHT.) " (AUSTRALIAN PRESS ASSOCIATION.) Received 10.20 a.m. to-day. WASHINGTON, May 10. The .Federal Reserve Board reports that the unemployment situation was improving. The .board disclosed) that employment early this year dropped approximately to the 1925 low level. There was a substantial reduction during 1927 in factory employment, the curtailment in building and agriculture operations and the reduction in employment in coal mines causing what the ■board terms a "depressing effect on the general labour market.” The most pronounced decreases in employment since March, 1927, have been in the shipbuilding, petroleum refining, and some industries making iron. and steel products and building materials, but considerably more were employed now in other lines than a year ago.
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Bibliographic details
Hawera Star, Volume XLVII, 17 May 1928, Page 5
Word Count
131UNEMPLOYMENT Hawera Star, Volume XLVII, 17 May 1928, Page 5
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