Word: joblessness
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Dates: during 1980-1989
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...economic statistics contain a striking anomaly. Even as business activity increases and worker shortages grow more troublesome, the number of Americans on the jobless rolls remains high by historical standards. The unemployment rate stands at 7.2%, which is less than the 9.7% registered in 1982 but still well above the 5.6% reached in 1979, near the peak of the last economic expansion...
...many worker-hungry employers, the jobless figures are a major mystery. "Who are these people who make up the unemployment statistics?" asks Thomas Anton, executive vice president of Troy, Mich.-based Kelly Services, the temporary office-help firm. "We're doing our best to find them because we can put them to work. Still, we don't get enough...
Unemployment is rising inexorably throughout the oil patch. Louisiana's 13.2% jobless rate is the highest in the U.S. Last week 600 workers turned up at a Marathon Petroleum plant in Garyville, La., responding to the company's advertisement to fill five jobs. In Texas, where the unemployment rate has reached 8.4%, Paul Rogers six weeks ago lost his job as an oil pipe fitter. Says he: "I'm 21 years old and have 44 years of this left. What will...
...rest of the country's party, at least in the short run. Bankruptcies and layoffs plague the oil business and nearly every industry connected with it. Though the Labor Department announced last week that U.S. unemployment dipped to 7.2% in March, down a notch from 7.3% in February, the jobless rate has stayed unexpectedly high at least partly because of the oil- patch slump. Unemployment in Louisiana has reached...
Foreclosures on farms will leave one million workers jobless, making this the most devastativng year for farmers since the Great Depression, participants in a Harvard student-sponsored Agricultural Law Symposium said yesterday...