Word: joblessness
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Dates: during 1970-1979
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...rise to 7.7% by the final quarter of 1980. That will be not nearly as severe as the recent peak of 9% in May 1975. Most board members agree that unemployment will hit a high around Election Day in November, which will hurt Jimmy Carter, and that the jobless rate again will start declining as the economy picks up at year's end. However, one member, Consultant David Grove, who has long been pessimistic about the job situation, predicts that the worst will come in the second half of 1981, when he sees unemployment...
...encouragement whatsoever, his own secretary is pathetically in love with him. His stepfather Pete, a fat Babbitt, has a whining neurotic on his hands in Charles' awful mother. His sister is happily in love but cannot see that her health-nut boyfriend is an ass. His jobless roommate Sam, on the other hand, is not in love, has all of the girls and sex he wants, and seems both clearheaded and blissful...
...politically more damaging statistic in France than it would be in the U.S., since French economists put full employment at about 2% jobless, compared with about...
...often, however, the new arrivals join the jobless masses. Unemployment is officially listed at 19%; unofficial estimates put it as high as half the work force. With no other prospects, tens of thousands of Mexicans today wrest a living from the junk heap. In Mexico City, occupants of $250,000 houses in posh suburbs like Bosques de las Lomas daily witness scenes that evoke images from Dante's Inferno. Beneath a perpetual mushroom cloud of pollution rising from a huge garbage dump called Santa Fe, 1,000 pepenadores (those who pick things up) sift through a pile of rubble...
...August, and a majority of TIME'S board predict that it will reach 8% by next summer, meaning some 8 million Americans will be out of work. That is severe, of course, but not as bad as during the 1974-75 recession, when the jobless rate...