Word: joblessness
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Dates: during 1980-1989
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...appears to be a step in the right direction toward easing unemployment. It is too bad that so many are jobless, but Government should not create jobs simply to solve the problem. We must realize that the only way people can be re-employed without causing runaway inflation is for them to have a productive position in industry. Government should encourage an economic environment that fosters industrial growth...
...make up the shortfall, it will corner 73% of all private savings this year and 79% in 1984, leaving far too little lendable money to finance business investment and consumer buying. The all-too-predictable result: abrupt choking off of any worthwhile recovery from the recession that drove the jobless rate in December to 10.8%, a minor increase from a revised figure of 10.7% in November, but still a 41-year high...
...foreclosure list were unemployed. Many were Pittsburgh-area steelworkers who are unable to meet monthly payments on their $30,000 to $40,000 homes. Their arrears range from $5,000 to $8,000. The group represents just a small fraction of the area's estimated 50,000 jobless steelworkers, more of whom may soon be facing the same problem. Said Andrew Palm, director of District 15 of the United Steelworkers of America, about Coon and Papadakos: "It's tremendous what they did. We're elated...
...worst unemployment since the Great Depression (12 million jobless) as well as budget deficits that may reach an unprecedented $180 billion in fiscal 1983. High unemployment plagued Western Europe as well, and the multibillion-dollar debts of more than two dozen nations gave international financiers a severe fright. It was also a year in which the first artificial heart began pumping life inside a dying man's chest, a year in which millions cheered the birth of cherubic Prince William Arthur Philip Louis of Britain, and millions more rooted for a wrinkled, turtle-like figure struggling to find...
Recovery has been delayed, said Heller, because "the consumer is still shell-shocked by unemployment." And with good reason. The jobless rate has hit 10.8%, leaving nearly 12 million Americans out of work. Heller cited statistics indicating that about 20% of all households are directly affected by unemployment and that another 40% feel threatened by mounting layoffs. The TIME board predicted that the jobless rate will reach 11.3% in 1983's first quarter before beginning to drop slowly. Even by the end of 1983, unemployment will still be hovering around 10%. "The unemployment problem is not going away quickly...