Nixon Sees Early Upturn in Economy
President Nixon saic telfainistration officials night that ÛÏ1970 will ftå¨elå£ conceded that the 4.8 good year for the econtp^yee it jobless rate was sub-But he also implied thi ifctdMlh lly higher than their exemployment, which hit ipgefeftons at the beginning of of 4.8 per cent in 4åÈTijÛªear. It represents a bulge would remain high a^yftft;i5 per cent jn Decem-the standard of recent j^rsp. a swelling of the job-</br></br>Mr. Nixon recalled, tqes84<tnks by 37 per cent in things ÛÏin perspective,Û foU^tianths. from 1961 through 196$,	WflS	the	largcst	in.</br></br>ÛÏthe result of coolinj^ and April 1958, to-economy in our fight a ^(Mst ent* the Eisen-inflation.Û	nå¡wer	^ars.</br></br>age that we had in the Uwrlbhne had come to pare 1960s (5.7 per cent) whichdwm, Ihe payrolls,Û Cutbacks much too high.Û ObseWcccs widespread, Labor De-suggested that Mr. Ilptatmcnt aides agreed, thus abandoned the ghal Irufejctual numbers, the job-his Economic Message, vidsBchtbtal was reduced by predicted a 4.3 per cent job-! less rate for 1970.	j</br></br>The President, responding! to the single question in the: press conference on the economy, predicted that an up-! turn in the Gross National Product would begin late in the current quarter, continue for the rest of the year and pass the trillion-dollar mark | by the end of the year.