UNEMPLOYMENT FACTS
“The Unemployment Fund even today is paying out between £660,000 and £700,000 a week for current unemployment and is accumulating a reserve—now more than £30,000,000 —against depression,” said Sir William Beveridge, at a British Association meeting. “What used to be spoken of as the irreducible minimum of 2 per cent, of unemployment due to frictional and seasonal causes, as recorded by the trade unions in boom years before the war, must clearly be put much higher, not as high, perhaps, as 8 per cent., but probably between 6 per cent, and 8 per cent., or between 800,000 and 1.1000,000 unemployad. Whether this is a real increase of unemployment or. is only the result of a more complete record cannot be stated with certainty.”
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Te Awamutu Courier, Volume 53, Issue 3830, 6 November 1936, Page 10
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125UNEMPLOYMENT FACTS Te Awamutu Courier, Volume 53, Issue 3830, 6 November 1936, Page 10
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