Word: joblessness
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...other Britons were quite as unruffled. The country has been stumbling ever deeper into the throes of its worst recession since the soup kitchen days of the 1930s. Unemployment has climbed to its highest mark since the Great Depression: 2.4 million jobless, or 10% of the work force, and the grim predictions are that it could reach a watershed mark of 3 million before the end of the year. As the lines of the jobless have lengthened, businessmen as well as trade unionists have despaired. Interest rates have hit unprecedented levels...
...growth in 1978-79 to a negative 3% for 1979-80. Some 10,000 businesses went bankrupt, a record. Unemployment climbed by a phenomenal 66% in 1980 ?and 86% since Thatcher took office. In the manufacturing regions of the north, 14.8% of the male work force is jobless. Meanwhile, the government has been unable either to control the money supply or control public spending, the two keystones of its monetarist policy. The budgetary deficit for fiscal 1980-81 was first forecast at $20 billion, then revised last November to $27 billion. Now government sources expect the deficit to exceed...
...nation is slipping into another downturn only about five months after getting out of the last one. And the 1980 slump was exceptionally severe: it knocked down the output of goods and services at an annual rate of 9.9% in the second quarter, added 1.7 million people to the jobless rolls in April and May, and contributed to the largest quarter-to-quarter surge in unemployment ever recorded in statistics that date back to 1940. The recovery that followed was the shortest on record, and very weak. In much of the nation it was never even felt. The unemployment rate...
...present soft job market, policymakers are worried about a glut of recent graduates with advanced degrees in the humanities and social sciences. Roughly 25% of humanities majors are jobless after graduation, and many of them eventually have to find work in other fields. These subjects, moreover, are frequently taught from a Marxist perspective in France. During a recent speech, Saunier-Seïté bluntly warned students to beware of the "Marxist domination" and "ideological imperialism" rampant in faculty lounges and student cafeterias. But that just made many academics all the more wary of Saunier...
...year 1932 was anything but consistent and even-tempered. The one overshadowing constant was the Great Depression: 12 million workers were jobless, and as the months went by, more and more banks, businesses and factories folded up. The year slapped a brusque eviction notice on President Herbert Hoover and handed New York Governor Franklin D. Roosevelt a ticket to what turned into the longest White House tenure in history. It awarded triumph to Amelia Earhart as the first woman to match Charles A. Lindbergh's feat of a solo flight across the Atlantic. 1932 also brought cruel tragedy...