Word: jobless
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...nation's unemployment rate took a disquieting jump in July, rising to 7.8% from 7.5% in June. The jobless figure, reported by the Commerce Department last week, is the highest since January and is certain to add new urgency to the growing unemployment issue in this year's presidential race...
...Swiss kept the jobless rate so low by concentrating layoffs among migrant workers. Some 110,000 migrants, mostly Italians, went home last year. "To put it crudely, our unemployment is being felt in Italy," says Hans Mast, economic adviser to Credit Suisse, a big bank. Switzerland's strengthened trade position, in the view of government financial officials, is a fluke attributable to the recession. Exports fell 5.4% in 1975, but imports dropped 20%. In order to keep their markets, many exporters had to cut prices, thus reducing their profits...
Unemployment dropped most sharply among adult women; their jobless rate fell a half-point, to 6.8%. Recovery began in hard-goods industries, where most workers are men; now the industries with largely female work forces are starting to catch up. The number of people who have jobs rose by 300,000 in May to a record 87.7 million; the number of unemployed fell 180,000 to 6.9 million. There are now 3.6 million more people at work, and 1.4 million fewer jobless, than at the bottom of the recession in early...
...manufacture autos there. In all, German direct investment abroad last year totaled about $2.1 billion, up from $1.7 billion the year before. But the movement of industry-and jobs -out of Germany and into other countries is already stirring misgivings among powerful German labor unions. Though Germany's jobless rate is inching down, it is still at an uncomfortable level...
...Unemployment will go down faster than once thought. In December the board's predictions for the jobless rate at the end of 1976 averaged 7.4%. But the rate has already dropped to 7.5% (from a high of 8.9% in May 1975), and board members think that by the end of 1976 it will get down to 7% or possibly even a little less (Eckstein guesses...