Public Papers of Dwight D. Eisenhower, 1958

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Author: Dwight D. Eisenhower  | Date: October 10, 1958

283
Statement by the President on the Decline of Unemployment.
October 10, 1958

I AM GRATIFIED by the reports, just issued by the Departments of Commerce and Labor, that unemployment was cut by nearly 600,000 between August and September. This is a much larger decline than could be expected at this time of year, and reflects the accelerating rate of recovery in our economy, which began last April.

It is encouraging that large numbers of persons are being called back to their jobs in the manufacturing industries that were most affected during the decline. This is reflected in the reports of the Bureau of Labor Statistics which show an over-all increase in non-agricultural employment of approximately 550,000 in the month of September alone. This is larger by 100,000 than the increase that might be expected for seasonal reasons.

There are also good reasons for expecting a continuing recovery in our economy during the months ahead. This will mean further improvements in job conditions and job prospects.

It is noteworthy that the improvement in employment conditions revealed by these reports has been accomplished while the cost of living has been virtually stable. However, we must not for a moment relax our efforts to keep the recovery unmarred by inflationary. developments.

NOTE: This statement was released at Gettysburg, Pa.

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Chicago: Dwight D. Eisenhower, "283 Statement by the President on the Decline of Unemployment.," Public Papers of Dwight D. Eisenhower, 1958 in Federal Register Division. National Archives and Records Service, Public Papers of the Presidents of the United States, Dwight D. Eisenhower, 1958 (Washington, D.C.: Government Printing Office, 1956-), P.870 Original Sources, accessed September 26, 2018, http://www.originalsources.com/Document.aspx?DocID=CK4QCWNWWS74BSL.

MLA: Eisenhower, Dwight D. "283 Statement by the President on the Decline of Unemployment." Public Papers of Dwight D. Eisenhower, 1958, in Federal Register Division. National Archives and Records Service, Public Papers of the Presidents of the United States, Dwight D. Eisenhower, 1958 (Washington, D.C.: Government Printing Office, 1956-), P.870, Original Sources. 26 Sep. 2018. www.originalsources.com/Document.aspx?DocID=CK4QCWNWWS74BSL.

Harvard: Eisenhower, DD, '283 Statement by the President on the Decline of Unemployment.' in Public Papers of Dwight D. Eisenhower, 1958. cited in , Federal Register Division. National Archives and Records Service, Public Papers of the Presidents of the United States, Dwight D. Eisenhower, 1958 (Washington, D.C.: Government Printing Office, 1956-), P.870. Original Sources, retrieved 26 September 2018, from http://www.originalsources.com/Document.aspx?DocID=CK4QCWNWWS74BSL.