Word: joblessness
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...EMPLOYMENT. Two million jobs should be created over the next three years, half by the government and half by private enterprise. Business is already opening jobs to the "hardcore jobless" (see BUSINESS), but more must be done. The Federal Government should give tax credits or payments to private employers to reimburse them for the extra costs of training. Tax and other incentives also should be used to spark investments in poverty areas...
...designed principally to "get to those who are last in line-the hard-core unemployed-the hardest to reach." To do so, Johnson emphasized "a new partnership between Government and private industry," with Washington supplying the funds and business generating the jobs for 250,000 of the hard-core jobless in the first year...
...increase in the number of teen-agers seeking work compounded one of the most vexing problems of the U.S. economy: bottom-of-the-force unemployment, especially among Negroes. Overall unemployment rose from 3.7% in January to a peak of 4.3% in October, then declined; but the jobless rate among teen-agers jumped from 11% to 14% (9.6% for whites, 22.8% for Negroes). Unable through its own machinery to cope with that and other potentially explosive social problems, Government has increasingly turned to business for help. "Government alone cannot meet and master the great social problems of our day," says Presidential...
...still must tackle an acute unemployment problem. It is estimated that 20,000 more jobless youths emerge from the schools in Singapore each year, and there seems to be no immediate solution in sight...
...Distortions. Confirmed optimists can find selected areas of statistical com fort. Though 555,000 workers remain jobless-a worrisome 2.4% of a labor force accustomed to full employment -the ranks of newly unemployed are now growing only moderately. Because fewer workers are turning out about the same amount of goods, output per man has climbed. But amid rising prices and escalating taxes, few Britons quarrel with Harold Wilson's forecast: 'This is going to be a difficult winter...