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Trade Rise Need Cited by Hodges
New York report quotes Secretary of Commerce Hodges on growth needed to absorb unemployment. He cites a rise from 2 to about 4 percent as acceptable for planning. May unemployment 4.766 million. 6.9 percent of workforce unemployed. Hodges mentions possible tax cut if economy improves in 12 months. A Senate study notes only 20,000 aged added to medical care rolls in six months. 25 states plan to use federal funds for elderly medical care. 12 million older people may lack public medical coverage by January 1962.
MENTIONED IN THIS ARTICLE
New York
U.S
Luther HH. Hodges
T Hodges
Hodges
Consree
Ewashington
Senae
Congress
Senate
Sen
Pat *McNamara
D-Mich
Treasury
McNamara