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Equanimity was jarico mm by thc announcement from the Labor Department that 5,200,00 individuals were unemployed in February—2,000,000 more than in the corresponding month of 19.57 and the highest total since 1941. This certainly is not a condition to be treated lightly. Unemployment totals are statistics, but they represent millions of fatn- ilv- problems involving mothers, fathers and children, and the effort to preserve the family unit with the weekly wages no longer in sight. - t | - A peculariarii' «»tthis is that as many inflationary a? deflationary signal^ seem to bellying. Traditionally, recession, ordepression, means a slump in prices, because purchasing power is down. Today, however, we find rising • unemployment, rising inventories i( of goods and, at the same time, a steady rise in the cost of living.
Last week, there was placed before us for consideration in the .House of Representatives a public works const ruction program to cost ' well over'$l billion. By the terms J of this bill, we would go forward * on a wide variety of projects planned by the Army Engineers. For ; Example, we would spend $222,500 to preserve the ocean front at
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