UNEMPLOYMENT FIGURES.

Press, Volume LXVII, Issue 20171, 25 February 1931, Page 15

UNEMPLOYMENT FIGURES.

W*\ r V» „ * 1 " A FORECASTS ;/ „ . n , - / i 1 . " , »* 1 r ' - (TBOK OTJB a S LONDON, January 15. A Ministry of Labour forecast «a to • the prospects of employment is trade# , was given in of a.taemor&nd'&tft submitted to tio «t' ■ Unemployment 'ttajiralice* Thitf pressed theview that, aftor ft trad® slump so far-reaching 1 , unemployment is likely to decline' more slowly thaa'-it • rose. ~ i -" - *iC* "It is fairly c|dar/*'ilj» memorandum stated, "that f orN&ehext »two Mfjfcreo. years figures of unemployment• fcpprft' ciably higher, than thos* oiporicnced during 192M929 must be expected for industry as a wholo. Tho jistufb6fl66 to the ivorld's trade is ibountl, to - this country more seriously, nnd 'for a - longer period,, than, most, Hoflr mttcfc } higher the average Uvb Agister maybe during 1931-34 than in. 1927-29: cftnitot - t be predicted with . any .claim %to a a trad? slump s® far-reaching, - , unemployment is Ijkelyito decline tno'rg; ; . slowly than it r oß ®* - and, assuming. that 1 ; J the definite signs of trade' improvement ,<• begin to show ~ themselves the" , live register .stands ftt about 2,400,Qp0j there is no reason to suppose that tbe* : register on the basis, of .the present £et, / will fall below 1,800,000 in" the first, months. If trade conltihpes steady, previous experience might indicate -£ further fall of about 209,000 a year for<another two* yean£ and, in the absence - of any gravely adverse external factor j - such as political dislocation in turope or a long, drawn out/industrial dispute •on a - "large scale, a .further dftWr decline might follow over BUbpqMtti, "years." ,