All the evidences indicate that the worst effects of the crash upon employment will have been passed during the next 60 days with the amelioration of seasonal unemployment, the gaining strength of other forces, and the continued cooperation of the many agencies actively cooperating with the Government to restore business and to relieve distress.
Statement on Unemployment and Business Conditions.
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I am glad to see the adoption by the Senate and House of the principle of generous relief to unemployment.
The details of this estimate, the necessity therefor, and the reason for its transmission at this time are set forth in the letter of the Director of the Bureau of the Budget transmitted herewith, with whose comments and observations…
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