Word: joblessness
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Dates: during 1980-1989
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When unemployment recently hit a 41-year peak of 9.8 percent, a researcher at Johns Hopkins University pointed out that when the jobless rate rises 1 percent, state prison populations go up 4.1 percent; 4.3 percent more men and 2.3 percent more women enter mental hospitals, and suicides increase 4.1 percent...
There are no visible signs of an early upturn in labor's fortunes. The weak U.S. economy is likely to keep unions on the defensive. Last week the Government released figures showing that unemployment remained at 9.8% in August, the highest level since 1941. The number of jobless workers in the U.S. now stands at nearly 11 million. Laments William Winpisinger, president of the International Association of Machinists and Aerospace Workers: "You cannot organize workers who don't have jobs...
...million today. Over 250,000 of those workers are laid off, and most have dim hope of regaining their positions. At the same time, the influx of new members has virtually dried up because any auto-company hiring is now almost exclusively from the ranks of the jobless...
...able to do it because we had the flexibility to iron out the inevitable wrinkles in the business cycle. The amendment would destroy that ability and subject us again to the feast-or-famine mercies of economic panics." Explains liberal Economist Walter Heller: "When recession cuts revenues and boosts jobless pay, the resulting deficits help restore purchasing power and promote recovery. Trying to prevent such deficits by boosting taxes and slashing budgets would simply throw the economy into a deeper tailspin...
...them to borrow from the Federal Government in order to keep on paying workers' benefits. More than half of the debt due the Federal Unemployment Compensation Trust Fund, for example, is owed by four big industrial states: Illinois, with 10.6% unemployment; Michigan, with the nation's highest jobless rate of 14.3%; Pennsylvania, at 9.8% joblessness; and Ohio, where unemployment is 11.1%. Each of the first three states owes $1.6 billion, while Ohio is $1.1 billion...