Word: joblessly
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...nation's economy is swiftly gaining strength and should continue to expand well into 1973, but the double devils of unemployment and inflation also remain discouragingly strong. The jobless rate in May held at a high 5.9% for the third straight month. More surprisingly, the wholesale price index shot up last month at an annual rate of some 6%, threatening uncomfortable retail rises later on. Wholesale food prices rose sharply after dropping for two months; beef on the hoof hit an alltime high. Industrial commodity prices, which are at the heart of the Phase II control program, showed...
...Charles Schultze, the future spending increases built into current federal programs and those the Administration proposes now will lead to a budget deficit of $17 billion by fiscal 1975. That will occur even if the economy is by then operating at full employment, which is usually defined as a jobless rate no higher than 4%. Large deficits can be tolerated when there is substantial slack in the economy, but so huge a red-ink figure at full employment would be grossly inflationary. Not until fiscal 1977, the Brookings scholars believe, will economic growth bring in enough tax revenue to yield...
...reason which transcends campaign pledges to shift policy; either would bring to the White House the honesty that has been so lamentably absent for the past decade. Both McGovern and Chisholm base their campaign on grass roots support. They represent for once the little man, the poor, and the jobless; further, they are tolerant of the full spectrum of political opinion, McGovern has survived 20 years of politicking by relying on individual contact and individual support. He has been outspoken, and yet soft-spoken; Robert Kennedy once termed him the only decent man in the Senate, Chisholm, beyond her candidacy...
...limit some programs that his Administration earlier had labeled top priority. For instance, the Labor Department has kept the number of people in its manpower-training programs below 1.3 million, although the persistence of a nearly 6% unemployment rate cries out for a greater effort to help provide the jobless with marketable skills...
...Shakespeare, Marlowe and Eugene O'Neill. The Federal Writers' Project published about 1,000 books and pamphlets; its famous American Guide Series is still a mainstay. For good or ill, the Federal Art Project revived mural painting, largely to decorate public buildings. The Federal Music Project sent jobless musicians out hunting up forgotten folk songs and presenting concerts...