U.S. in recess
WASHINGTON, D.C.—Nixon’s public relations men are calling it an “economic readjustment,” but in English it’s a full blown economic recession.
U.S. Labor Dept. unemployment figures show joblessness for April at 4.8%, the highest since 1965, when U.S. “escalation” of the Vietnam war began.
Lines at unemployment compensation offices in Detroit, Chicago, Los Angeles, and Birmingham, Ala. are spilling out onto the sidewalks. 3,700,000 Americans can’t find jobs—and that’s one million more than a year ago.
Jul 21, 2022