Word: joblessness
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Dates: during 1990-1999
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...YORK CITY: About the only thing other than Alan Greenspan that seems able to slow an exuberant stock market right now is a shrinking unemployment rate. So after the government released a report this morning showing that the nation's jobless rate dropped to 4.8 percent in July, matching a 24-year low, the Dow promptly fell nearly 120 points. While the White House was quick to claim credit ("The strategy of balancing the budget, while investing in our people and selling more American products around the world, has helped to produce sustained prosperity for Americans," Clinton said), markets slowed...
...swelling the ranks of the hungry? Many are neither jobless nor homeless. "It's the working poor," says Leona Martens, director of the Weld Food Bank in Greeley. In the Colorado town, those asking for help range from seasonal farmworkers sidelined by bad weather to families hit by sudden expenses like doctor bills or new car batteries. Says Barbara Mocnik, executive director of a food bank in Newport News: "The job market is there. The income isn't." Many of the new part-time jobs in Newport News pay so little that they cannot cover basic expenses...
...youth over the U.S. border each year in search of work. And a higher proportion (more than 40%) of people under 30 live in poverty than of any other Mexican generation. In an alcove beside one of Mexico City's busiest subway stops, a growing community of homeless and jobless young men live on old mattresses and sofas. "So many guys our age, and there's no work," says Luis...
...economy but still employ two-thirds of the labor force. Beijing insists the national unemployment rate is only 3%, but no one believes that. In Shenyang some guess the real rate is closer to 20%. "China has 1,000 terms for unemployment," notes a Western diplomat. Most of the jobless are said to be "waiting for a new post" or "awaiting retirement" or "relocated for internal digestion...
Because of strong family ties in Shenyang, most of the jobless have not joined the floating population of migrants, now at least 100 million strong, who drift around China searching for work. So the city has permitted a handful of carefully controlled labor markets to help employ a few thousand of the laid off. At a grubby park in Tiexi, the city lets job seekers "advertise" their skills for a few cents. At a stranger's approach, they point eagerly at hand-lettered signs identifying them as would-be cooks, maids, nannies, hotel clerks, laborers. But at least half...