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This newspaper page contains 4 articles. Subscribers can read the full text of each article.
Newspaper
The Spectator
Location
Joliet, Illinois, United States of America
Date
May 15, 1958
Page
4
Ralph Robey discusses the early release of April unemployment data showing a drop from 5.2 to 5.1 million and a 600000 rise in employment. He notes the seasonal patterns and questions the accuracy, explaining the 1957 redefinition of who counts as unemployed.
The article explains that the new definition adds about 250000 to unemployment totals and that current figures are not comparable with earlier data. It notes April’s unemployment drop was smaller than normal seasonal changes and discusses frictional unemployment at 3 to 5 percent of the civilian labor force, concluding the April report is not encouraging.
Robert D. Beer, manager of the Chicago Veterans Administration Regional Office since 1945, will retire May 31 after 36 years with the VA and its predecessors. A dinner in his honor is set for May 16 at the Sherman hotel. Born in 1895, Beer served as a World War I captain before joining the VA in 1922.
Secretary of State Charles F. Carpentier issues charter to Continental Utility Enterprises Inc at 20 W Van Buren naming John N Shaughnessy Thomas Lambros and Vera E Gregory as incorporators. The firm will direct sales in franchised areas for Leak-Finders device by Rankin Leak-Finders Corp at 34 W Van Buren. Device detects leaks in water or gas lines. Atty Raymond J. Harvey handled filing.
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