Word: jobless
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...year war. Yet the war's devastation was still making itself felt among many of the nation's 2.5 million Viet Nam war veterans. No fewer than 23,000 are totally disabled. A full 10% of all veterans in the 20 to 24 age bracket are jobless. The most bitter complaint for many centers on college and vocational education. They quite properly ask how a Vietvet is supposed to pay for tuition, books, rent and personal expenses on the present allowance of $220 per month...
...Break bottlenecks in the labor market. Reducing unemployment at present is inflationary because many of the jobless are unskilled women, teen-agers and blacks who could not produce enough, at least initially, to justify their pay. The U.S. should fund a massive job-training program to equip these would-be workers with the skills to make them productive; Nixon's 1973 cutbacks in job-training programs were the worst sort of federal "economy." Beyond that, the U.S. labor market now does a haphazard job of matching workers' talents to available positions; employers and workers seek each other through state...
...anything but the briefest and shallowest downturn by increasing spending and pumping up the money supply in order to get the economy moving again. The strategy has in its way worked brilliantly: though governments have by no means always achieved full employment, the industrial world has consistently kept jobless rates to levels that would have been considered impossibly low before World War II. But the commitment also means that the industrial world has deliberately thrown away what used to be its chief weapon against inflation. For all the evils that they caused, depressions reversed price spirals: mass unemployment and falling...
...auto-plant labor force; Flint, Mich., a General Motors town, is reeling from a 20% unemployment rate. AMC has hired 2,300 new workers in the past year for its Kenosha, Wis., plants, where all its passenger cars are assembled, boosting employment there to 11,800 and cutting the jobless rate in the town to a mere...
...current downturn has lasted roughly three months, and no figures are yet available on what has happened to real G.N.P.Industrial production has dropped 1.4%, the jobless rate has risen six-tenths of a percentage point, to 5.2%, and employment has declined in about 20% of the nonfarm industries. So, by NBER standards, the U.S.is not yet in a recession-though it could enter one later...