Word: jobless
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...largest quarterly gain since 1984. While that surge partly reflected a rise in the production of unsold goods that will probably not be repeated in the second quarter, it was welcome news. The employment statistics provide further evidence of the economy's momentum. In April the jobless rate fell to 6.3% of the work force, down from 6.6% the previous month...
Good economic news also boosted Thatcher's fortunes. The unemployment rate, now 11.4%, dropped in April for the eighth straight month. The government expects the May jobless total to fall below 3 million for the first time in four years. British banks dropped interest rates from 9 1/2% to 9%, the lowest in two years. The pound sterling, currently valued at $1.68, is at its strongest since October 1982. And the Confederation of British Industry found business leaders in the "most optimistic mood in years...
...last week's news from the Labor Department is any indication, the longest economic expansion in peacetime history still has plenty of life left in it. The unemployment rate dropped in April from 6.6% to 6.3%, its lowest level since early 1980. Even with 7.5 million Americans still jobless, the economy is "much stronger than anyone thinks," says Allen Sinai, chief economist of Shearson Lehman Bros...
...developing different models of union andworker behavior, Summers has taken a differentapproach to the study of unemployment thanmainstream neoclassicists who predict that thenumber of jobless people always drops in the longrun...
...most countries an unemployment rate of only 3% would be nothing short of nirvana. But in Japan it is cause for national anguish and alarm. Because of continuing woes in such industries as steel and even autos, Japan has reached the 3% jobless level for the first time since it began keeping monthly employment statistics...