Word: joblessly
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...lower salaries, by smaller companies that in many cases have been supplying parts or subcontracting services to the larger firms all along. For those who do not find jobs, and for the unemployed elderly, the government and many private employers have launched extensive retraining programs to give the jobless workers new skills...
...touch. Though inevitably some were born of boondoggling and hornswoggling in the give and take of American politics, most federal programs were conceived with the best of intentions, created to advance goals on which much of America agreed. To feed the hungry. To heal the sick. To train the jobless. To enable the nation's youth to go to college. To help American business compete abroad. To further the arts. To preserve the family farm. But whether misused or effective, each contributed to an ever growing cascade of federal largesse that the nation can no longer afford. TIME correspondents...
...Erie will receive $5 million from CETA -a welcome transfusion for a decaying industrial city that is hemorrhaging jobs. The unemployment rate in Erie now hovers at 9.5%, against a nationwide rate of 7.4%. The Holiday Meat Packing Co. closed its doors for good two weeks ago, leaving 230 jobless; the Continental Rubber Works, which employs 320, will shut down soon...
Nationwide the figures are even more astounding. In 1964 the Federal Government spent $1.8 million on food stamps. This year, with some 21 million Americans getting aid, the cost is $11 billion. The number of recipients leaps by as much as 750,000 each time the jobless rate goes up a percentage point...
...sluggish economy will be bac news for those looking for a new job. The board believes that unemployment will rise from its current level of 7.4% to 8% by midyear before dropping back to 7.8% at the end of 1981. That will leave about 8 million people jobless for most of this year...