Word: dip
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Dates: during 1970-1979
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Unemployment remains a problem. It has been hovering around 5.9% for the past 18 months, and Board members do not anticipate much improvement. Brookings Economist Arthur Okun predicted that the rate would not dip to 5% until August 1973. Employers are cautious about rehiring, figuring that they will be able to draw from the large pool of jobless talent for a long time to come...
...strange machines look as if they might suddenly dip flaps, lift noses and head off into the wild blue yonder, borne on small wings that protrude fore and aft, and sometimes in between. Actually the wings, or foils, have an entirely different purpose. They are aerodynamically designed to keep a dazzling new crop of racing cars glued to the ground in this year's Indianapolis 500, giving them better stability and traction and thus greater speed. This Saturday, as the traditional field of 33 cars challenges Indy's confining concrete-walled track, speed-much more than ever before...
...Presaging a downward trend in living costs, the wholesale price index in March rose a modest .1%, and food prices declined .4%. So far, most of the upward press has come from soaring food costs, especially meat, which is all but exempt from controls. Food costs are likely to dip somewhat in the near future, mostly because normal farm production cycles will ease shortages. But in the fall, the same cycle of supply and demand is also likely to send prices up again...
Jones predicted that, by the academic year 1973-1974, the number of outside fellowships will dip below 800, down 38 per cent from 1300 externally-funded fellowships held by GSAS students...
Though prospects for solid economic advances for the rest of this year remain good, a strain of uncertainty in recent weeks has brought a slight dip in earlier forecasts. The main cause: the Government's downward revision of last year's estimated gross national product, which fell $4 billion below expectations, to $1,047 billion. Besides lowering the base from which 1972 starts, the revision also automatically shaves down the anticipated totals for this year by lifting the economy off into the new year on a less sharp curve than expected...