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Salient. Victoria University Student Newspaper. Volume 37, Number 8. April 24 1972

What unemployment?

What unemployment?

Washington (ZNS) — The Nixon Administration has come up with a unique solution to the American unemployment problem.

Unfortunately, the solution is not concerned with reducing the number of unemployed instead, the government is changing its definition of "full employment" At present "full employment" is taken to mean that less than four per cent of the work force is actually unemployed. At the end of March, however, a new definition becomes "operative", and "full employment" will mean that up to 4.8 per cent of the work force is really out-of-work.

The difference is that an additional half to three quarters of a million people can lose their jobs and the United States will still officially, be at "full employment".