Word: jobless
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...dismayed conservatives almost as often by pumping out money rapidly as he frightened liberals by keeping credit tight. The A.F.L.-C.l.O.'s George Meany called him "a national disaster" because of his "inhuman" insensitivity to unemployment. Actually, Burns has carried a lifelong feeling for the plight of the jobless. This is partly the result of his own experience as a pre-World War I Austrian immigrant to Bayonne, N.J., where at the age of ten he knocked on doors to help his father find work. He once proposed a national jobs program that would cast the Government...
According to the OECD, the biggest trouble spot is Europe, and it is easy to see why. While unemployment has been coming down gradually in the U.S., Europe's jobless rolls have been rising since early 1975, and the idle are now about 5.1% of the work force. Reason: economic growth has taken a nosedive. In Europe's four largest economies, those of West Germany, France, Britain and Italy, growth averaged only 2% last year, exactly half the figure for 1976. The slowdown reduced inflation, but not very much: prices rose an average of 10% for non-Communist...
After more than two years of recovery from the nation's worst postwar recession, lines at unemployment offices remain distressingly long, jobless youths cluster aimlessly on ghetto street corners, and politicians and economists continue to fret about the need to put more Americans to work. For Jimmy Carter, who campaigned on a platform dedicated to slashing unemployment, the persistently high rate of joblessness has become a critical challenge. Like his recent predecessors, Carter has yet to find the answer-if indeed one exists-for substantially reducing unemployment without setting off a new burst of devastating inflation...
Does a 4% unemployment goal make sense? Though the economy has been generating new jobs at a fairly brisk clip-some 200,000 a month, bringing total employment to an alltime high-the jobless rate has been stuck at about 7% since April. The statistics say that today, 6.9 million Americans are looking for work, a number usually associated with deep recession rather than steady growth. But the scary overall figures mask conditions that are both better and worse than they seem. On the plus side, the unemployment rate for all whites is 6.1%. Among white adult males the rate...
...while in the making. After Kennedy was assassinated, Salinger lost election to a Senate seat from California; bounced around a few uncongenial executive suites in the U.S., England and France; and helped manage George McGovern's 1972 presidential campaign. After that debacle, he fled to France, jobless. Publisher Jean-Jacques Servan-Schreiber immediately hired him for L'Express in 1973, shortly before the Watergate story broke. Salinger's ability to make that long and intricate crisis comprehensible to a nation of Cartesians won him a wide following. Says Salinger: "It was the start of a whole...