Word: joblessness
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...spring, charged that the "array of patchwork programs...is not delivering the jobs, the training and the other manpower services that this nation needs." Such opinions will be reinforced by the recent drop in unemployment, which may make training seem less urgent. The Government reported last week that the jobless rate in November fell to 5.2%, the lowest figure since August...
...SOUTHWEST is faring better than the rest of the nation. Dallas is rolling in construction money for a new 55-story skyscraper and the $750 million Dallas-Fort Worth airport scheduled for completion next summer or early fall. Houston has a jobless rate of only 3.1%, v. 5.5% nationally. The city is getting a further boost from the continuing trend among oil companies to relocate their headquarters there. Pennzoil United, despite its name, plans to put up two 34-story buildings in the city to house its operating center. Retail sales are brisk. Typically, one big Houston store by last...
...national level. Unemployment in the Seattle area has fallen from a peak of 15% in May 1971 to 8.8%. Boeing has added 7,000 workers to its local payroll in the past year, and more jobs are opening up in the lumber, machinery and electronics industries. The California jobless rate has declined from 7% a year ago to just under 6% now-still well above the national average. Personal income, however, is rising a bit more in California than nationally...
...done a remarkable job of turning the economy around-and turning the economic issue to his favor-since he clamped on price and wage controls in August of 1971. "Nixon has learned a lot about managing the economy," says Economist Otto Eckstein. "Unemployment is high, but the inflation and jobless rates have gone down. People can see an improvement." Eckstein, a Harvard professor, reckons that his own grading of Nixon on economics has risen in the past 14 months from D to Aminus...
...exodus of the Asians has already had an obvious effect on the economy of Kampala. Jobless Africans are clamoring for work at the city's hotels, which are running short of bread, soap and even gin; one must drink vodka to immunize oneself against the mosquito bites. Restaurants guard their menus like gold: most of the printing in the city was done by Asians. In the commercial sector of Kampala, nearly 80% of the shops are now shut and barred; in some the stock can be seen gathering dust behind the steel mesh placed across the windows. There...