Word: joblessness
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Dates: during 1980-1989
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...reason the TIME economists are not predicting a recession is that the employment picture has improved, even in the face of sluggish growth. In August the U.S. jobless rate fell from 6.9% to 6.8%. It was the third successive monthly decline, and it brought the unemployment rate to its lowest level since January. The economists expect the jobless rate to hover around 6.7% through the end of 1987, far below the 9.7% peak reached...
...annual rate between April and June, down from a 3.8% rate the previous quarter. The Commerce Department reported last week that the index of leading economic indicators, a barometer of future growth, increased by a modest 1.3% in June. The unemployment picture, though, improved somewhat. The number of jobless Americans fell from 7.1% to 6.9% of the population...
...small upswing in growth is expected to have a mixed impact on the uncomfortable levels of unemployment around the world. In Western Europe, the jobless rate will decline from its current 12.1% to 10.3% by the end of 1987. But no improvement at all is seen for the 13.3% unemployment rate in Britain, which Hans Mast, a senior economic adviser to the Credit Suisse First Boston investment bank, called the "sick man of Europe." In the U.S., unemployment will rise slightly, from 7% to 7.3%, by year's end and remain unchanged for 1987. Across the Pacific rim, jobless rates...
Only a decade ago, however, Massachusetts was moribund, the archetypal Frost Belt state frozen in a dead-end past. Its jobless rate was higher than any other industrial state's; plant closings and layoffs were epidemic; deficits deepened. Textile mills and shoe factories became abandoned shells, their great machines rusting. Taxachusetts became the state's unofficial nickname, and businesses, feeling oppressed by heavy levies, were clearing out for more hospitable climates...
Later, during lunch, Marcos and his wife relaxed and even joked. At one point the former First Lady gently needled her husband. "You look like a clerk," she quipped when Marcos removed his jacket and vest in the sultry afternoon heat. "That's better than looking jobless," the ostracized couple then said in unison. Mrs. Marcos also hearkened back to her now infamous collection of shoes. "The maid assures me there were not 3,000 pairs," she said. She then summoned the woman, who dutifully testified that the First Lady's wardrobe included only 200 pairs of shoes. Mrs. Marcos...