Word: indexes
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Dates: during 1970-1979
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...national unemployment rate is one of only two economic statistics-along with the consumer price index-that regularly stir hot political debate. Last week the Government reported that in January joblessness dropped slightly, to 5.8% of the labor force, continuing a period of little change. As the economy slows later this year, however, the rate is sure to rise, and so will questioning about whether the nation is paying too high a price to curb inflation...
...real economic distress. They do not do this well at present, in large part because families in which both spouses work are now the norm rather than the exception; if one loses his or her job, the family can still get along. The commission wants to devise a "hardship index" that would count many employed people who labor at low-wage jobs and exclude the unemployed whose families still have sizable incomes...
...distress is tough to measure: at one point the experts were considering 18 hardship indexes. They are still undecided about what they will recommend when they make their final report next September, but it could contain some surprises, especially for liberals. One proposed index cited in the preliminary study showed that "hardship" actually declined between 1967 and 1976, even though the unemployment rate generally rose...
...index fell 0.5 per cent in December, the same decline as in November, a spokesman for the department said Wednesday. Economists have often interpreted a three-month decline in the index as one sign of economic downturn...
...engaged in witty wordplay with his inimitable foe--inflation--and found it doesn't succumb to his funnies as readily as his other, more human audiences. Since the Vietnam war inflation has gained an increasingly prominent position on the roster of the nation's problems--the Consumer Price Index indicates that prices have doubled in the past eleven years. And unless Carter with Kahn's help succeeds in slowing the ascent of prices, the President may find himself rudely deposed...