Word: joblessly
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...start of the year. But steel prices, which had risen steadily, began to level off, and the price of consumer services began to soften a little. Most principal indicators continued to show bad news. Interest rates remained high. The national unemployment rare reached 5% last month, and some local jobless rates passed the 7% mark...
President Nixon has made it clear that he thinks his economic policies will be in trouble if unemployment reaches 51%. That was just about the average jobless rate during the early 1960s, when the Democrats were in power, and that is what Nixon calls "the critical number." Last week the Labor Department reported that unemployment rose too close to the critical zone in May, increasing from 4.8% to 5% of the nation's work force...
...cultural confrontation of more or less conventional Americans and the longhaired young at times savors of Roundhead v. Cavalier, or H.G. Wells' Morlocks v. Eloi. How elemental the face-off can become was demonstrated last week in Monterey, Calif., when the state unemployment-insurance office ruled that jobless men with long hair can no longer collect unemployment benefits...
...England: Since last June, says University of Connecticut Labor Economist David Pinsky, the six New England states have lost 53,000 factory jobs. They stand to lose another 150,000 in the next twelve months-50,000 in Connecticut alone. The jobless rate in that state, a leading producer of military supplies since the Civil War, has already risen to 4.5%. In Massachusetts, partly because of lower profits and smaller tax payments by some companies, Boston is running out of the cash necessary to finish three almost-completed projects-the Government Center and two public housing complexes-and four half...
...Southeast: Auto and defense-plant layoffs are swelling the Southeast's unemployment, though it is still below the national average; the jobless rate in Georgia, for example, rose to 3.8% in February, up from 2.5% a year earlier. Home building in some parts of Kentucky has stopped entirely; in March, the city of Louisville (pop. 392,000) issued a grand total of one building permit. Company personnel men notice less job-switching, indicating that employees feel that this is not the time to take chances by moving to new positions. For this summer, employers in Nashville expect to offer...