Word: joblessly
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...spectacular improvement in U.S. employment brought jaw-cracking grins from the economists at the U.S. Department of Labor. For the month of May, unemployment dropped 238,000 to a total of 3,389,000 throughout the U.S. The improvement cut the overall percentage of jobless to 4.9% of the labor force for the first time since the early stages of the recession. Just as impressive, employment jumped 1,000,000 to 66 million, new alltime high for the month...
Until last week, the most nagging worry of the recovery was the relatively slow drop in the rolls of the unemployed. After the jobless held at about 7% of the labor force through most of the recession, the figures dipped below 6% in November, then stayed between 5% and 6% throughout the winter, causing the experts to wonder if they might not hover there indefinitely. The May breakthrough proved the experts happily wrong, particularly since the best news came from the manufacturing industries hardest hit by recession. At a time when factory employment normally stabilizes as producers start slowing down...
...arbitrary rent cut. which delights urban tenants but has slowed the booming construction business to a walk, adding more than 120,000 idle construction workers to the 500,000 Cubans already jobless...
...burdens of unemployment would be a bill to extend the Federal insurance program beyond its present scope. Both these plans would serve to insure that workers do not drop their consumption activities the minute they are laid off. At the same time that the relief money is preventing the jobless from near-starvation, it would also pump new funds into the economy. These revenues could, of course, be employed to put men and women back on the payrolls from which they had been dismissed...
Boomerang. Two days later Labor moved a vote of censure against the government's failure to "prevent the recent substantial and widespread rise in unemployment." With 600,000 jobless in Britain, this seemed a good issue. But Tory Labor Minister Iain Macleod was able to announce a drop in unemployment of 58,-ooo-the biggest decrease in any one month in twelve years. Said he: "The first seven years in opposition are always the most difficult. I cannot help it if every time the Opposition are asked to name their weapons, they pick boomerangs...