Word: jobless
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Dates: during 1960-1969
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...recession: at least two successive three-month periods of no real growth in the total economy, a condition that is almost sure to bring about a substantial jump in unemployment. At present, the nation might find such an experience particularly troublesome. A recession could aggravate social unrest. The jobless rates among blacks normally run twice as high as those common whites; among blacks under 25 years old, they often reach five times the overall rate...
Economists tend to agree on the business profile for 1970: a rise in jobless ranks to 4¼% or 4½% of the labor force; 4% price inflation, probably tapering off toward year's end; sluggish 2% real growth in the over-all economy, which will expand from $933 billion to $985 billion or $990 billion. A few sectors of business anticipate substantial difficulties. Auto manufacturers (except Ford) have already curtailed production a bit, and some retail merchants figure that they will have to hustle to maintain their sales volume. "The consumer is beginning to stiffen up," says Ralph Lazarus, chairman...
Drawing heavily on his boyhood in an Italian neighborhood in New York City, Scorsese has constructed a loose narrative about a jobless adolescent named J.R. (Harvey Keitel) and a wispy, enigmatic girl (Zina Bethune). J.R. moves in a world where Cadillacs park conspicuously in front of tenements and the guy taking his grandchildren down to the corner for a lemon ice is the No. 1 professional murderer on the East Coast...
...cost of the Government's assuming the role of employer of last resort could be astronomical, far above what a Congress concerned with inflation would accept. Unemployment is now 3.6%, 2,592,000 people. If the rate were to rise 1%, 858,000 more workers would be jobless. To place even half of these unemployed in public service could cost the Government up to $3 billion. Ideology is an equal barrier. Presidential Adviser Arthur Burns shies away from the concept, both on the ground of economy and because it rasps uncomfortably against his conservative principles...
That Kind of Guy. Protestants, Catholics, Jews and even nonbelievers were suddenly making common cause on be half of sanctity. A mock-solemn committee of agnostics and believers descended on a local unemployment office in Los Angeles and picketed in favor of the "heavenly jobless." A truck driver in Boston took his St. Christopher statue off the dashboard, had his first accident in 35 years, and ruefully put it back. An international fraternity of Christopherphiles with headquarters in France reported that enrollments were climbing. Columnist Art Buchwald, a Jew, speculated that good old St. Chris topher would go right...