Word: joblessness
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...shift nearly 5,000 blue-and white-collar workers into sales jobs. Engineers, designers and factory hands were soon manning Mazda showrooms at 110 locations around Japan. Said one union leader of the arrangement: "It was a matter of whether Toyo Kogyo would live or die. We would be jobless if it died." The unions also allowed attrition to slash Toyo's payroll from 37,000 employees in 1973 to 28,000 today. The reduction boosted assembly-line productivity from 19.3 vehicles per worker in 1975 to 45.7 vehicles this year...
...maneuverings took place against a backdrop of rising economic worries. The level of new claims for unemployment benefits has been rising since February, leading to fears that the current 9% jobless rate may go even higher. Commerce Secretary Malcolm Baldrige predicts that one or two major corporations may fail before the current recession ends. The only good news was the second consecutive monthly decline in the producer price index, a measure of inflation...
Skyrocketing unemployment, though, wasn't his fault. It seems that economic bottlenecks and the sloth of the jobless--not his own austere budgetary and monetary policies--are the culprits behind the 9 percent unemployment rate, the nation's highest since World...
...thing, the proposal would probably allow deficits only in the event of "emergencies"; Congress would have to approve such budgets by a three-fifths vote. Yet to those who govern America today, emergencies do not mean hungry children or jobless bread-winners. More likely, they would invoke the escape clause to permit renewed hikes in military spending--hardly what this nation needs...
Mitchell outlined two main areas of concern that the group still has with the program. He cited as unacceptable a provision which would restrict higher education programs by job search requirements, possibly forcing recipients down limited employment tracks. A clause which could require the jobless to participate in an "endless job search" without relief also concerns the coalition, Mitchell said...