Word: jobless
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Dates: during 1990-1999
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Business activity remains so sluggish that the jobless rate is expected to continue to rise for the rest of the year. Some experts even warn that the economy, burdened by high debts and a weak banking system, could fall again unless the Federal Reserve moves quickly to lower interest rates. Fed Chairman Alan Greenspan has kept rates firm to control inflation. But with the threat of a "double-dip recession" hovering over the economy, Greenspan may feel new pressure from the Administration to relax his monetary grip as the 1992 presidential election draws near...
...years has grown on average only around 1% a year (with an actual decline in 1990), vs. perhaps 4% that might have been registered without sanctions. Predictions that the sanctions would hurt black workers most have come true. Black unemployment is estimated at 40% to 45%, vs. a 10% jobless rate for whites. Another prediction made by opponents of sanctions, however, has proved quite wrong. It had been widely forecast that the embargo would provoke a laager (circling the wagons) mentality among whites, a nose-thumbing determination to defy world opinion. That happened in Rhodesia in the late 1960s...
...sullen mood, soured after little more than a month. With only a 38% public-approval rating, the bride of high office may be headed for divorce at a point when she has barely assembled her trousseau. French unemployment has reached 9.5%, and the record number of jobless looks as if it will go higher still. Meanwhile immigrant riots broke out in June, even as municipal policemen went on strike -- along with air-traffic controllers, railway workers and doctors...
Ossis certainly have good reason for distress. Of an eastern work force of 9 million, 840,000 are officially jobless and 2 million are being paid to do little or nothing on a government-subsidized system of "short-time work." When these job-protection agreements end, as many as 4 million easterners will lose even short-time work. That level would be catastrophic in any society, but is even more so in one with a deeply ingrained work ethic...
...people mostly want to be on their own around that age. "All year long I swore that whatever I did, I wouldn't be living at home," says Natasha Pustilnik, 21, a Vassar College senior. Guess where she'll be this summer. "It's enormously disappointing," says the jobless Russian major...