Word: joblessness
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...wholesale price index in February dropped 0.6%, its fourth straight monthly decline. Unemployment, however, which is a lagging indicator, rose to 8.7% in March from 8.2% in February, bringing the number of Americans out of work to 8 million. In addition, the Labor Department disclosed, 1.1 million discouraged jobless workers have simply stopped looking and are not counted as unemployed...
...running at a rate of 20%, fueled mainly by the massive wage settlements demanded by Britain's militant trade unions, which averaged 26% in 1974 and could go to 30% this year. Caught between ballooning inflation and government price controls, industry is being forced to slow production. The jobless rate, now 3.2%-high for Britain -is likely to go on climbing for the rest of the year. Moreover, the nation's current account last year was in a deep $9.2 billion deficit...
...February. But again, the effort has been costly. Industrial production is now declining at an annual rate of about 10%, and, according to the OECD, unemployment hit 3.6% in January, more than double that of a year earlier (the Bonn government, calculating on a different basis, puts the jobless rate in February at 5.1%). Last December the government embarked on a moderately reflationary course, offering tax credits for industrial investment, lower interest rates and various subsidies to create more jobs. But consumer demand remains flat, and few nongovernment experts look for a broad-based recovery this year...
...annual rate of 25%, has been more than halved. But the fight against inflation pushed Japan into its deepest postwar recession. Production has plunged 20% since the start of the oil crisis 18 months ago. In a country where lifetime employment has long been the accepted rule, the jobless rate has inched up to 2%. Now the government is moving hesitantly to reflate, though the official goal is only a 4.3% boost in real G.N.P. for the year-downright meager by Japanese standards...
...billion today; some experts believe that it will hit $5 billion by year's end. Though the government still predicts a 4% gain in Canada's output of goods and services for the year, some economists believe that zero growth is more likely. The jobless rate, at present 6.8%, is expected to climb to between 8% and 10%. Inflation, which has just edged down to 9.6% after two years of ranging above 10%, is expected to subside only gradually. Reason: hefty wage settlements being won by unions...