The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-01-06
ROOSEVELT EXPECTS TO
PUT 100000 MORE BACK
TO WORK BEFORE 1886
Nation to Be Well Out of
Woods by Election,
Is Forecast.
PRODUCTION ESTIMATED
Normal Unemployment Only
to Be Left, Federal
Officials Think.
BY RICHARD L. GRIDLEY
United Press staff Correspondent

WASHINGTON, Jan. g.
The administration was UNI
derstood today to be contem-
plating the return of more
than 100000 men to work
before the next presidential
election in addition to the
millions given jobs by the
civil works administration.
Government officials have esti-
mated industrial production in the
year beginning July l, next. at 81
per cent of the 1923-25 average and
in the following year at SO per cent.
compared with n per cent in Octo-
Der and the depression low of go in
March.
On the basis of these figures it is
estimated unoflcially that many
millions of workers will find jobs
before the end of the 1886 fiscal
year on June 30, 1886. This would
leave only the normal" unemploy-
ment of 100000 to 100000 be-
lieved to have existed through the
boom days
Estimate Production
Federal authorities estimate that
industrial production in the next
fiscal year beginning July l, next.
will approximate the levels of 1881.
In that year the American FEEDER
alton of Labor estimated an av-
erage of 7,431,O00 unemployed Ac-
tivity in the fiscal year beginning
July /, 1888, is estimated at slightly
in excess of 1880 In that year the
American Federation of Labor esti-
mated an average of 3,947 900 un-
employed.
At the end of last November the
federation estimated 1O,702,000 out
of work, exclusive of civil works en-
ployes and this figure was not ex-
pected to have changed materially
during December.
If employment gains as rapidly as
the estimated recovery by govern
ment officials Of the business curve,
more than 100000 men would go
back to work by July l, 1886.
Point Out Link
Economists pointed out today that
while the business activity curve
does not necessarily coincide with
the employment curve, a close re-
lationship exists between them. AS
a result. sharp increase in bust
ness activity is expected to bring
a roughly corresponding rise in
employment.
These figures do not take into
consideration the normal increase
in population nor the adoption OF
labor-saving devices, but the influ-
ence of these factors are believed to
have been small in recent years.
President Roosevelt has estimated
that 100000 unemployed already
have returned to work Another
100000 are on civil works pay
rolls until they can be absorbed by
the expected upturn in business to
July, 1886.
Refuse Official Estimates
Government officials refuse Off
cjany to estimate the extent of the
expected rehiring Of workers over
the next two and one-half years but
the number is understood to be in
the neighborhood of the 5000 900
mark, in addition to the 100000
already rehired and the 1000 900 on
civil works.
Meanwhile, the new year has
ushered in new feeling of conf
dence in government circles. While
industrial indices were distorted by
the year-end this week and showed
little significant change, genuine
satisfaction is expressed over the
reaction Of the country this week in
the budget.
Steel output this week was esti-
mated at 81 per cent of capacity
compared with 81 per cent a week
ago, but substantially above the lev
els Of year ago Automobile out
put last week was estimated at 49,
1876 units, against 1888 in the cor
responding week Of last year, while
the electric power and light indus
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