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...accelerating wave of unemployment that now stands at a record level of 9.1 million, or 8.3%, in the ten nations of the European Community. That figure may not appear dramatically higher than the U.S.'s 7.5%, but any comparison conceals several key differences. While economists generally consider a jobless rate of 5% to 6% in the U.S. acceptable, governments in Western Europe, the cradle of socialist welfare democracy, have traditionally given full employment top priority. The loss of a job in Europe also has more permanent consequences than in the U.S. Only 13.1% of the U.S.'s unemployed...

Author: /time Magazine | Title: Western Europe: Unemployment Plague | 10/12/1981 | See Source »

West Germany. The country's reputation as Europe's economic powerhouse has taken a beating as oil-price increases brought economic growth to a halt. From 736,800 (3.2%) only two years ago, the jobless rate has swollen to 1.4 million, or 5.8%. Josef Stingl, president of the Federal Institute of Labor, warned last week that the number would probably rise further. One consolation: there is no evidence that the jobless have joined the middle-class youths who have rampaged through West Berlin and other cities to protest the lack of adequate housing. In the industrial Ruhr Valley...

Author: /time Magazine | Title: Western Europe: Unemployment Plague | 10/12/1981 | See Source »

...average, economists point out that the true figure, paradoxically, is perhaps only half as high. Data are distorted because many of those on the dole actually hold down jobs in the clandestine "black economy." Nor are politicians unduly concerned about the 1 million youths without jobs. In Italy being jobless does not carry the same stigma as in Northern European countries steeped in the Protestant ethic. "Let's put it this way," Sociologist Ferrarotti explains. "An unemployed youth in this country is considered to be just waiting for his right chance. He is in parchéggio...

Author: /time Magazine | Title: Western Europe: Unemployment Plague | 10/12/1981 | See Source »

Antulay had set up trust funds designed to improve roads, build post offices, help jobless youths, the disabled and the poor. One fund was called the Indira Gandhi Pratibha Pratishthan (talent trust) to "encourage talented people in the fields of literature and the fine arts." The anti-Gandhi Indian Express claims that Antulay solicited money for the trust funds from businesses by granting building permits and other licenses, and by rewarding donors with scarce supplies of such state-controlled commodities as industrial alcohol and cement...

Author: /time Magazine | Title: India: Blush Funds | 10/5/1981 | See Source »

...traditionally a blue-collar, beer-and-shot town, built on 19th century technologies, mainly steel and shipbuilding, that have since trailed off, as has its population. Of its 780,000 people, down from 939,000 in 1960, almost 55% are now black, of whom 40% or more are jobless...

Author: /time Magazine | Title: Living: He Digs Downtown | 8/24/1981 | See Source »

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