UNEMPLOYED RATE DECLINES TO 49%, A FOUR‐YEAR LOW; Number With Jobs Exceeds 72 Million First Time—All Groups Benefit; BUT WIRTZ IS CAUTIOUS; Secretary Says 3.8 Million Are Still Out of Work Despite Prosperity
unemployment rate drops to 4.9%, July, 1st time below 5% in 4 yrs; total employment at record 72.4 million; Wirtz cautious; notes 3.8 million are still unemployed