Word: joblessness
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German Lead. Two statistics chart the vigor of the rebound. The Common Market Commission now estimates that the output of goods and services in the nine nations of the European Community will expand by 3.5% this year, v. its decline of 2.5% in 1975. And the number of jobless workers in the Nine has fallen from a peak of 5.7 million in January to about 5.4 million...
Jackson's emphasis on reducing unemployment goes down well in Woods' local-30% of the 1,700 members are jobless-and throughout the heavily Catholic, working-class 42nd State Senate District where Woods grew up (he played violin in the high school orchestra before becoming a sheet-metal apprentice). But Jackson is less popular than the things he stands for, and Woods realizes...
...forecasts for the year slightly upward. It now expects real G.N.P. to rise 6.5% during all of 1976 and unemployment to drop below 7% by year's end. Earlier, official forecasts had anticipated a 6.2% G.N.P. increase and a year-end unemployment rate of 7% to 7.5% (the jobless rate had already dropped to 7.5% last month). Though the Administration does not intend to give its new predictions an official stamp, it is making no secret of its delight. Says Secretary of the Treasury William Simon: "This economy is so good there is almost nothing we could...
...whose disloyalty might topple Wilson and usher in the Tories. The Coventry election, moreover, underlined the distance between the Laborite left and the grass-roots workers it professes to represent. The voters have not clamored, as leftist leaders have, for heavy expenditures to end unemployment. Even with 1.25 million jobless, politicians have found that their constituents complain more about inflation than about unemployment. This could change when benefits, which last for a year, begin to run out, but at least some workers are beginning to understand the connection between excessive government spending, inflation and unemployment...
UNEMPLOYMENT. Thanks to heightened industrial activity, the jobless rate fell half a point to 7.8% of the labor force in January. Some 800,000 new workers were added to payrolls, pushing total employment to a near-record 86,194,000. February figures to be released this week may show a slight blip upward in the unemployment rate, partly because of the difficulty of calculating seasonal adjustments, but the trend is clearly down. Indeed, the January figure was already so close to the 7.7% that the Administration had predicted unemployment would average for the whole year as to indicate that that...