Financial Times report, Feb 19,
"The U.S. Labour Secretary, Mr Willard Wirtz predieted today that unemployment across the nation would soon rise above 6%, With unemployment currently standing at 5.8 per cent Mr. Wirtz's remarks serve to add to the dousts about the soundness of the economy which have sprung from the dise~ ouraging trend of leading national indicators over rocent weeks, Mr. Wirts told a mesting of the A,F.L. C.1,0. executive council that the administrations main attack on the growing unemployment problem would be President Kennedy's Tax Bill, ut the A.F.L. C.1.0. president Mr, George Meany questions whether this alone would prove sufficiently effective." Thus, unemployment in the land of plenty, the show-ground of capitalism is twice as great as it is in this country, where conditions are weekly deteriorating.