Word: joblessness
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Unemployment, the No. 1 U.S. economic problem, is still failing to react to the gains in the rest of the economy. So the latest figures from the Commerce and Labor departments showed last week. The jobless in February rose 25,000, to 4,749,000, while employment also increased 16,000, to 62,722,000. The rate of unemployment, seasonally adjusted, rose from 6% of the labor force, where it has stood so far this year, to 6.1%. Ordinarily, so small a change would be discounted; it could be a statistical error. What worried economists was the failure of employment...
...Pakistan the constitution is gone, the Parliament dissolved, the country's first elections indefinitely postponed. But not since the days of Founding Father Mohammed Ali Jinnah has Pakistan had so popular a government. "On the day De-fore the revolution last October," said a now jobless politician, "I thought one of the most dangerous things you can do is to break a constitution, even if it is to stop evil. On the day after, I thought: 'Thank God someone had the courage.'" Says beefy, Sandhurst-trained General Mohammed Ayub Khan, Pakistan's military dictator and president...
...priority has been given to doing something about the country's 12 million refugees who fled India to end up jobless in wretched slums. Ayub ordered new housing projects; with a stroke of the pen his Rehabilitation Minister gave permanent title to 6,600,000 acres in the Punjab to 1,400,000 refugees. The new program cuts two ways. Under the law, the refugees can lay claim to land with the same value as that which they left behind. Now faced with the threat of prison for filing false claims, 5,500 refugees have decided to withdraw...
...been trying to get President Eisenhower and the Cabinet to tide the unemployed over until there is a step-up in hiring. He works against a firm deadline: April 1, when expiration of an Administration recession law will drop 320,000 workers-who have already used up their regular jobless pay -from special federal unemployment compensation lists. Hoping to do more than extend the emergency legislation, Mitchell has spelled out a plan for basic revision in the present patchwork of state compensation practices, all financed by the 3% U.S. payroll tax. By setting stiffer standards under which states qualify...
...talk last week to civic leaders in the industrial town of Granite City, 111. Mitchell is keenly aware that production has bounced back from the recession faster than employment. Result: highest January unemployment (4,724,000) since World War II's start, including 9.3% of the work force jobless in the most densely industrial state, New Jersey...