Word: jobless
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...Committee, chaired by Democrats, declared that the Administration has wrongly ignored "weak trends in employment and wages" from 1979 to 1985 as primary factors in keeping more than 33 million Americans below the poverty line, which for a family of four stands at $10,989 a year. It linked jobless statistics from the same period to show that two-parent households accounted for 45% of the rise in the number of poor. Single-parent families made up only 32% of the increase. Conservatives quickly defended the Administration from the implied criticism of its social agenda. However, according to Democratic Senator...
...reason the TIME economists are not predicting a recession is that the employment picture has improved, even in the face of sluggish growth. In August the U.S. jobless rate fell from 6.9% to 6.8%. It was the third successive monthly decline, and it brought the unemployment rate to its lowest level since January. The economists expect the jobless rate to hover around 6.7% through the end of 1987, far below the 9.7% peak reached...
...annual rate between April and June, down from a 3.8% rate the previous quarter. The Commerce Department reported last week that the index of leading economic indicators, a barometer of future growth, increased by a modest 1.3% in June. The unemployment picture, though, improved somewhat. The number of jobless Americans fell from 7.1% to 6.9% of the population...
...small upswing in growth is expected to have a mixed impact on the uncomfortable levels of unemployment around the world. In Western Europe, the jobless rate will decline from its current 12.1% to 10.3% by the end of 1987. But no improvement at all is seen for the 13.3% unemployment rate in Britain, which Hans Mast, a senior economic adviser to the Credit Suisse First Boston investment bank, called the "sick man of Europe." In the U.S., unemployment will rise slightly, from 7% to 7.3%, by year's end and remain unchanged for 1987. Across the Pacific rim, jobless rates...
Only a decade ago, however, Massachusetts was moribund, the archetypal Frost Belt state frozen in a dead-end past. Its jobless rate was higher than any other industrial state's; plant closings and layoffs were epidemic; deficits deepened. Textile mills and shoe factories became abandoned shells, their great machines rusting. Taxachusetts became the state's unofficial nickname, and businesses, feeling oppressed by heavy levies, were clearing out for more hospitable climates...