Word: joblessness
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Dates: during 1990-1999
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...contrast to a measly 1% during the Carter years. The market has climbed 37% under Bush but has behaved erratically in recent months owing to a dismal U.S. economy and global currency turmoil. Although stocks reacted favorably last week in response to reports of higher corporate earnings, fewer jobless claims and signs of a rebound in housing, analysts say the market is looking forward to a change in the White House. Not so the bond market, which has enjoyed a 12-year reign of sliding interest rates and tamed inflation...
Foremost among the President's troubles was, and is, the economy. Accompanying the economic recession is a widespread -- and still widening -- psychological depression. People for whom unemployment was always someone else's problem have been affected. The jobless numbers themselves are not particularly outsize, but the fear is palpable: in many polls, fully 50% of respondents fear that they will lose their jobs in the next 12 months, and upward of 65% of Americans view the nation as on the "wrong track...
...basic level. "I voted for Mitterrand in 1981 because he promised to reduce unemployment," said the tobacconist, who supports an ; invalid husband. "But today 3 million French are out of work. My neighbor committed suicide when he lost his job. Families are shattering." Whether stung by France's 10% jobless rate, by recession in Britain or by the costs of unification in Germany, voters are feeling the pinch -- and they are taking it out on Maastricht, the politicians' pet project. "Everyone is looking for scapegoats," says Cognac city councilor Jerome Mouhot. "Brussels is a convenient target...
...lower than the 1982 high of 10.8%, but more people are experiencing distress. A comprehensive tally would include workers who are employed well below their skill level, those who cannot find more than a part-time job, people earning poverty-level wages, workers who have been jobless for more than four weeks at a time and all those who have grown discouraged and quit looking. Last year those distressed workers totaled 36 million, or 40% of the American labor force, according to the Washington-based Economic Policy Institute...
...bears the dubious distinction of being featured in a recent major newspaper under the headline, "Builder of Atomic Energy Plants Now Sweeps Floors for a Living." Since then, the school he used to clean has closed for the summer and Eric, once at the top of his profession, is jobless...