Dec. 7, 1961 - The unemployment rate dropped sharply last month in the first significant decline in a year, the Kennedy Administration reported today. A spokesman said the improvement was expected to continue. Reflecting both good weather and the economic recovery from last winter’s recession, the seasonally adjusted rate fell from 6.8 percent to 6.1 between October and November. The rate had hovered around 7 percent for 11 months. The decline was the sharpest in three years.
Dec. 7, 1961 - President Kennedy asked organized labor today to back his proposals to liberalize foreign trade. He said that his program would mean a “viable economy and full employment.” Four thousand persons, who jammed into the auditorium of the Americana Hotel in Bal Harbour, Fla., for the opening of the convention of the AFL-CIO, greeted his appeal with warm applause. Their response was even heartier when the President told them that he planned to seek from the next sess