Word: joblessness
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Dates: during 1990-1999
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Even a 1% growth rate would be insufficient over the long run to prevent an increase in unemployment. Sure enough, the jobless rate in January rose to 5.8% from 5.6% in December, returning to the top end of the range it held throughout 1995. More ominously, total payroll employment dropped by 201,000 jobs, the biggest decline in nearly five years. The Labor Department put much of the blame on the East Coast blizzard, but some economists suspect that even with normal weather employment would have been flat...
...happening less and less. Nor do things look better higher up the ladder: his bank is in the midst of being absorbed by an out-of-state firm with a reputation for thinning executive ranks. Paul, a college graduate, never thought he might one day be applying for jobless benefits. His father spent his entire career in the same company, where his security was never in doubt. The firm always found a niche for him. No one talks or acts that way in the milieu Paul knows...
...railroad device called a derailer. National attention focused more on notices recently posted by Amtrak announcing its intention to end direct service on the 90-mile branch line that includes Hyder and Phoenix. The sabotage, went the theory, could have been the revenge of a soon-to-be-jobless railroad worker. But that hypothesis, too, has flaws: rail-union officials say dropping the Phoenix loop would be unlikely to jeopardize the jobs of Amtrak or Southern Pacific workers. Also, Amtrak has postponed eliminating the branch pending upcoming shifts in the industry...
Thus two-thirds of all working-age disabled people are still unemployed--the same portion that was jobless when the law was passed. True, many of the 7 million Americans with severe impairments are reluctant to take jobs, knowing they risk losing government subsidies and, more crucially, health benefits. Still, for those who want to work, the obstacles remain formidable. Says Jo Holzer of the Council for Disability Rights: "Many employers hear our name and decide they simply aren't going to talk to our clients...
...sanctions left in place are painful enough. Out of a labor force of 2.3 million, 1 million people are jobless and about 700,000 have been temporarily laid off. Gross national product dropped from $2,330 per capita in 1991 to $1,225 in 1993, the latest figure available. An estimated 2 million of Serbia's 10 million people live below the poverty line. The embargo also limits the country's ability to make an industrial recovery. Sanctions-busting on a grand scale -- mainly through Romania and Bulgaria and, to a lesser extent, Macedonia -- keeps stores filled with all manner...