Word: jobless
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...Maryland (Ph.D., 1960). During a brief stint as an associate professor at Indiana University in 1959-61, he originated the concept that the economic impact of the federal budget is best gauged by what the surplus or deficit would be if the economy were operating at a 4% jobless rate, which most economists then regarded as full employment. A few years later, the "full employment" budget became a key element in the Kennedy and Johnson Administrations' fiscal policies. Schultze became Assistant Director of the Budget Bureau in 1962, Director...
...that the only pledge that Carter might be hard put to fulfill. In November, Carter promised to reduce the unemployment rate by 1.5 percentage points, indicating a jobless rate of about 6.4% by the end of next year. Last week, however, OMB Director-designate Lance said the goal would be "very, very difficult" to meet because the unemployment rate has risen to 8.1%. Some analysts are now talking of a 7.1% jobless rate by the end of 1977, but Carter later said he was sticking to his original promise. Concerning another pledge, Carter has not decided whether to broaden...
...thoughts turn to those who are jobless and poor...
Your article claims that "unemployment is no longer the national trauma it once was" because of extended jobless benefits. Your mathematician should stick to math...
...agents are swarming over every outlander rumored to be in line for a Government post and trying to explain that in exclusive Georgetown, $40,000 might buy a garage but certainly not a house. Copying machines are busily grinding out resumes for 2,200 or so soon-to-be-jobless Republican appointees. And the city's social climbers are agonizing over the possibility that they may lose out in the coming scramble for status. In myriad ways, the Carters of Plains, Ga., have the capital in a tizzy...