Word: jobless
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...classified five post-World War II business contractions as recessions. No single standard determines that judgment, but the five drops do have some common denominators. Each lasted at least nine months, during which real G.N.P. fell at least 1.5% and industrial production dropped a minimum of 8.1%. Also, the jobless rate rose at least 2.3 percentage points, to 6.1 % or more, and employment declined in more than 80% of the 30 major non-farm industries that NBER statisticians watch closely...
...surrounded by geisha pleading, "Please, Kirk Douglas-san, your autograph." Regretfully rubbing his chin, which is as deeply dimpled as Kirk's, Mitchum resolved that future excursions would have to be incognito. Next day on the set, he inspected a possible disguise: the beehive headgear originally worn by jobless, mendicant samurai trying to hide their shame...
...Providing special unemployment benefits for workers who lose their jobs because of the energy shortage. Essentially, Nixon wants to expand existing jobless pay in places where businesses are especially hard hit by the fuel crisis...
...country's work force of 39 million is unemployed, and every year the number increases by 1,400,000. In the capital, the government has invoked measures to deal with poverty. Four years ago officials declared that Jakarta was "a closed city to all future jobless settlers." Ever since, trainloads of beggars and unemployed city dwellers have been expelled and sent back to the provinces from which they came...
Some more specific approaches hold promise. Manpower training and public-service-employment programs could cut the jobless rate without producing ruinous inflation. Prices could be held down somewhat by repealing such measures as the Fair Trade acts, which set retail price floors under certain products, and the Jones Act, which prevents U.S. shippers from using low-cost foreign vessels between two U.S. ports. Cost-of-living escalator clauses in labor contracts and the Social Security Act could keep incomes ahead of price boosts. Even so, the more economists try to be realistic in talking about the depressing prospects for unemployment...