Word: joblessness
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Dates: during 1950-1959
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...good news from Washington on unemployment was that the jobless total dropped 595,000 in August to 4,669,000, lowest since January, as employment rose to 65,367,000. The bad news was that the rate of unemployment edged to 7.6% of the labor force (see chart), close to the postwar peak of 7.79% set during the coal strike in October...
...that, while employment rose to 65,179,000 in July, the drop in unemployment was smaller than usual. Because large numbers of new workers are entering the working force (55,000 in July alone) and heavy rains curtailed farm and construction activities in many parts of the country, the jobless total of 5,294,000 was up from June to 7.3% of the working force, v. 7.5% in the April recession peak. Most economists fear that the total will remain high for months. Just as production drops off faster than employment when a recession begins, so employment recovers more slowly...
...Film; D.C.A.) is a dandy German joke that manages to be only intermittently funny. Now undergoing its third version as a movie, the film is derived from a 1931 play by Carl (The Blue Angel) Zuckmayer, who co-authored the present screenplay. It is the story of a lonely, jobless German shoemaker whose drab world turns into a fairyland of wealth, popularity and authority as soon as he dons the dashing and highly illegal uniform of an army captain...
Canada's spring recovery has surpassed the brightest forecasts of the experts. In the best pickup since recession's onset, unemployment declined from 516,000 in April to 366,000 in May, when only 6.1% of the working force was jobless...
Whatever the solution, the theories about full employment will have to be changed in the light of today's rigid wages and prices. The U.S. can no longer operate on the premise that maximum employment, i.e., 4% jobless or 2,700,000 workers, is compatible with stable prices. Unless it is willing to accept the idea of close to 5,000,000 unemployed as "reasonably full employment," then it must expect a continuing rise in prices...