Word: joblessness
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
Such a shallow recession will have differing impacts on various areas of the economy. The downturn is not expected, for example, to affect employment seriously. The jobless rate is projected to climb from its present level of 7.5% to a peak of 8.2% in 1981's second quarter, before slipping back to 8% at year's end. The public, however, can expect little relief on prices next year. From a 1980 inflation rate of 13%, the board of economists projected that the increase in consumer prices will only slow to 11.4% at best...
...unemployment picture has also begun to brighten. Normally, jobless rates continue to climb for many months after a slump bottoms out. But unemployment in the current downturn eased from a July peak of 7.8% to 7.5% in September, the lowest since April. Meanwhile, Commerce Department figures show that the economy as a whole expanded at an annual rate of 1% during July, August and September. Whether or not that poky growth can be taken as proof that the recession has passed, it does represent a sharp turn-around from the previous three months, when the nation's output...
...attacks on the President, was concocted during the 1973-75 recession by the late economist Arthur Okun, who called it the discomfort index. He saw it as a puckish way to spotlight the nation's economic ills. The measure is simply the sum of the inflation and jobless rates. On Election Day of 1976 the index stood at 12.8%, with inflation at 5% and unemployment at 7.8%. The rate has climbed to 20% during Carter's White House years. But does that mean that life is nearly twice as miserable as four years ago? Hardly. Personal income...
Heartfelt thanks for your article highlighting the plight of America's latest endangered species, the U.S. citizen abroad [Sept. 29]. I hope Golden Fleecer Senator Proxmire has a relief bill for the non-mink-clad who return home jobless and savingsless because of the interplay of high cost of living abroad and high U.S. taxes. Ironically, the Communists have been painting the walls for years with YANKEE GO HOME, but it is Proxmire and the U.S. Treasury boys who are implementing that slogan. Thomas L. Hughes Caracas...
...Jobless and homeless in a strange country, some of the disillusioned Cuban refugees not only talk of wanting to go back home, a few have been driven to desperate measures. Two weeks ago, Cubans seized six airliners, three on Aug. 16 alone, and forced the pilots to fly to Havana; the skyjackings set records for the most in one week and the most in a single day. Stern security measures, augmented by reports that Fidel Castro has thrown the successful skyjackers into Cuban jails, appeared to be taking effect, however: there were no new skyjackings last week...