03/07/1929
https://www.presidency.ucsb.edu...
"Nationwide response to the request for increased construction and improvement work by public authorities, railroads, utilities, and industries is having a most material effect."
"One result is an increasing volume of bond issues have been placed for public improvements."
"Since that time employment has been slowly increasing and the situation is much better today than at that time."
"The amount of unemployment is, in proportion to the number of workers, considerably less than one-half (probably only one-third) of that which resulted from the crashes of 1907–08, and 1920–22 at this..."