An industria ing comment which appeared in the ‘August issue of Civil Service | Argus, the journal of the Ministry of Labour Staff Association:
‘nemployment sats a puzzle," so read the headline to the “ditorial in the Financial Times of June 2lst. The puzzle is why there should be a fall in unemployment with no increase in production, sspecially when in recent s surveys businessmen have indicated that a considerable increase in output was possible with no extra demand for labour,
It is suggested in tho Editorial that employers have again begun to stockpile labour, to make sure they have the necessary labour force to cops with the good times ahead; but thore is a second possibility which is that the big improvement in unemployment is rather a tomporary affair, bacmise enployers having equipped themselves with a reserve of labour will be able to lift their output a good deal without employing more men,
Tho pointer is still to busy times in the Gaploymont Mxchanges this Autumn and Winter,