Word: joblessness
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Dates: during 1970-1979
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Carter said he plans to streamline what he called "the horrible, bloated, confused government bureaucracy" and to "restore the work ethic" by creating public employment programs for the jobless...
Baxter and Kim share with Hesford a certain bitterness about the system--bitterness which emerges in serious personal questioning, in hurt pride, in a sense of the uselessness of daily routine. "When you're jobless," Hesford says, "the rigamarole you have to go through for your thesis after it's finished and the whole Commencement thing seem a little sour. You start thinking, 'What's the diploma worth...
...unemployment front, the jobless rate remained unchanged in August from July's 8.4% of the work force. While unemployment among adults dipped down encouragingly, from 7.3% to 7%, the rates for blacks (14%) and teen-agers (21.1%) were up once again. Other statistics confirmed that the recovery is continuing, however. Factory orders climbed 3.6% in July from a year ago. A robust $1.02 billion rise in consumer credit in July−the highest such increase in eleven months−suggested that Americans are regaining their willingness to borrow in order to buy major appliances and other big-ticket items...
Indeed, the Ford Administration expects the August unemployment rate, which will be reported next week, to show at least a slight rise over July. Production just has not bounced back rapidly enough yet to reduce unemployment as swiftly as the figures have been showing; if the July jobless rate of 8.4% was a true measure, then the May peak of 9.2% probably was too high, a reflection of the difficulty of statistically accounting for students entering the job market. The decline in the unemployment rate after August is expected to be painfully slow and to remain at or near...
Even so, the upturn has come; there are definite signs that Americans are going back to work, if not in droves, then at least in trickles. Besides the drop in the jobless rate, the factory work week lengthened in July, and the number of people working rose by 676,000 to 85,078,000. During the last three months, 51% of 172 nonagricultural industries increased payrolls, v. only 14% in December, January and February...