Word: jobless
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...Americans have reacted relatively calmly, but the pain of the recent rapid rise in joblessness is only beginning to be felt and their frustration and hostility are intensifying. Congressman Peter Rodino reports that the mood of his largely black constituency in Newark "is ugly." The city's jobless rate, always high, has climbed...
Major Burden. Still, the plight of those without work would be far worse were it not for federally sponsored and state-administered unemployment insurance programs, which provide three-quarters of the 7.5 million jobless people in the nation with greater cushions of protection than have ever before been available. In the last week of January alone, more than 750,000 people signed up for benefits, bringing the total to 5.6 million-the highest number recorded since the payments began in 1938. The tax-free payments average $62 a week, which is enough to exist on but hardly lavish...
This year federal and state governments are expected to give out $18 billion or more in benefits-triple the amount they disbursed last year. Though the states are bearing the major burden at present, the longer the high jobless rate persists, the more the insurance system will depend on financing by the federal budget. A total of $14 billion has been set aside in the budget to pay unemployment claims for fiscal 1976, and there is a strong chance that more money will be needed...
Essentially, the unemployment insurance system is composed of three parts that can cover a jobless worker for up to 52 weeks...
...these Government programs, some union contracts provide additional jobless benefits for laid-off members. Under the United Auto Workers' plan, Government insurance checks are supplemented by an employer-financed fund so that most laid-off workers get close to 95% of their normal take-home...