Word: jobless
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...down 1.5%, another sign of a slowdown in manufacturing. Even the good economic news was tainted. A survey by the Federal Reserve concluded that the economy would grow 2.5% to 3% this year, about the same as in 1992 and not fast enough to lower the nation's 7% jobless rate...
This is particularly true when it comes to the economy. Department of Labor figures on jobs created are boosted by the inclusion of part-time positions. Conversely, the agency's regular tallies of the jobless include so-called discouraged workers, people who have given up looking for a job because they don't think they'll find one. Clinton drew embarrassed laughs from members of Congress last February when he laid out his economic plan and vowed to use Congress's own figures on the deficit. "Let's at least argue about the same set of numbers so the American...
...manufacturer claims he was sent to sit alone in the basement under half the normal amount of lighting with no work to do until he quit. Workers urged to take early retirement, like older employees of a plant that Nissan plans to close in Zama, are not counted as jobless either...
Everyone under the Clinton plan -- employers, workers and even the jobless -- will be required to have insurance and to pay something for medical coverage. People over 50 may be required to pay more, however, since they use more services. Psychiatric treatment and possibly long-term care for the elderly will be included in the plan; states that want to come up with their own health reforms will be allowed to do so. Higher taxes on a variety of products, including liquor and cigarettes, will be necessary to raise the $30 billion to $90 billion that universal coverage will cost...
...Smetses and Allens aren't alone. With jobless rates still at recession levels, unemployed workers from Delaware to Oregon are easy pickings for employment agencies requiring initial fees of $188 to $295 -- and some more than $1,000 -- for access to the "hidden market" of overseas jobs. Many are mere resume services, mailing stacks of unsolicited resumes from their "clients" to companies, often with no openings. Others offer listings available in any public library. In one case, a company promising jobs in Australia collected $164.95 from customers who got a 1989 booklet on jobs, want ads from a Sydney newspaper...