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Newspaper
Thomasville Times Enterprise
Location
Thomasville, Georgia, United States of America
Date
Jun 25, 1958
Page
6
Government officials say June unemployment will rise seasonally by about 0.4 to 0.8 million as students seek summer work, with May unemployment at 4.904 million and employment at 64.61 million. They caution factory jobs drive the recession and a clear upturn is needed to end the downturn.
The seven state region led by Alabama, Georgia and Florida posted a strong first quarter 1958 with gains in banking, wholesale trades, and construction. Deposits rose about 4 percent with Fed member banks up 7 percent and loans up 6 percent, while construction permits surged in many cities including Orlando and Montgomery amid mixed retail results.
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