Excerpts of the President's News Conference
August 12, 1927
The business of the country is in very fair condition. Labor conditions are extremely satisfactory. Wages are on a very liberal basis. There is some unemployment in certain lines, not anything more than what is usual. That is always the case, that there are some lines lag-ging behind.
Source: "The Talkative President: The Off-the-Record Press Conferences of Calvin Coolidge". eds. Howard H. Quint & Robert H. Ferrell. The University Massachusetts Press. 1964.
Calvin Coolidge, Excerpts of the President's News Conference Online by Gerhard Peters and John T. Woolley, The American Presidency Project https://www.presidency.ucsb.edu/node/349203