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Word: joblessness (lookup in dictionary) (lookup stats)
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...figures used make it difficult to assess just how much genuine unemployment exists. U.S. Labor Department statistics-which now place unemployment at 6.8% of the labor force-include among the jobless many people (such as teen-agers looking for part-time work and housewives seeking a job for the first time) who, in other countries, would not be listed as unemployed. When Sweden experimentally tried using U.S. measuring standards, the Swedish "unemployment" rate immediately quadrupled though the actual employment situation had not changed at all. Still, the very completeness of the U.S. figures makes them a valuable barometer for judging...

Author: /time Magazine | Title: State of Business: The Unemployables | 5/19/1961 | See Source »

Only Canada, of all major industrialized nations, has a higher percentage of jobless than the U.S. Canada currently has an unemployment rate of 11.1%. Employers in most of the other nations surveyed last week by the New York Times are scrambling to find enough workers to man their machines. Current unemployment rates abroad...

Author: /time Magazine | Title: Business: By Contrast | 5/19/1961 | See Source »

...natives were restless, a visitor would never know it from the faces of the jolly, giggling, black taxi drivers, who clustered outside all the hotels, clamoring for attention when a potential passenger strode out to the street. The statistics proved that 60,000 were jobless in Leopoldville; yet carefree Africans drank the local Primus or Polar beer until all hours at the neighborhood taverns...

Author: /time Magazine | Title: The Congo: The Wet Days | 4/21/1961 | See Source »

...also fears that the business upturn will not make any appreciable dent in the U.S.'s 5,500,000 unemployed, 1,800,000 of whom have been out of work for 15 weeks or more. Last week the Labor Department announced that, while the total of jobless in the month ending in mid-March declined by 200,000, the decline was less than seasonal. Unemployment now stands at 6.9% of the total work force. Paradoxically, employment rose more than seasonally to a new March record of 65.5 million, up 1,249,000 over a year...

Author: /time Magazine | Title: State of Business: Shape of the Recovery | 4/14/1961 | See Source »

Passed last week by Congress: 1) a temporary Unemployment Compensation Bill, under which state jobless benefits will be extended by as much as 13 weeks, and 2) a compromise Feed-Grains Bill...

Author: /time Magazine | Title: The Congress: End of the Honeymoon | 3/31/1961 | See Source »

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