Word: joblessness
(lookup in dictionary)
(lookup stats)
Dates: during 1970-1979
Sort By: most recent first
(reverse)
...right in line with their forecasts (TIME, Dec. 22), which call for a rise of about 6% in real gross national product this year and a decline in unemployment to somewhere between 7% and 7.5% by year's end. Last week the Department of Labor reported that the jobless rate dropped from 8.3% in December to 7.8% in January. That was the steepest monthly decline in more than 16 years, and especially welcome because the fact that the unemployment rate had stuck at 8.3% for two months had stirred worry that recovery was not progressing fast enough...
...economy needs them, and ultimately shift the use of U.S. output in the direction of more investment rather than consumption. Even so, the CEA says that new incentives for savings and investment will probably be needed if the U.S. is to reach "full employment"-now defined as any jobless rate less than 5%-after 1980. A Commerce Department study endorsed by the CEA concludes that business fixed investment would have to rise to an annual rate of about 12% of G.N.P. between now and 1980-v. less than 9.5% expected for 1976-in order to create the jobs needed...
...rest of the industrialized world, but he had no program to combat it. Investment in industry fell 10% last year, and by official estimate national production rose a bare 1% (by some outside estimates it declined 1%). About 700,000 Spanish workers, or 5.4% of the labor force, are jobless. Another 8% or so have had to seek work abroad, and other European countries are now telling their "guest workers" to go home. Rising oil prices have exacerbated Spain's already unhealthy payments deficit. Pressure is mounting for a devaluation of the peseta, which would mean higher prices...
...third of the 8 million people counted as jobless in November had been out of work less than five weeks...
...economy as to raise demand to the point at which employers sign on almost anybody who shows up, with the Government hiring the residue, many in make-work jobs. A non-partisan study last May by the Library of Congress indicated that an attempt to get the overall jobless rate down to 3% within 18 months would push inflation back up to "a 12% to 13% annual rate" initially, and even more later on. One reason: long before employers hired the last ghetto black or unskilled high-schooler, severe shortages of skilled technical and professional workers would develop, leading...