Word: joblessness
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...week ended May 5, the Labor Department reported the year's biggest drop in those collecting unemployment compensation, with a dip of 66,900 to a total of 3,265,700. Part of the drop was due to a seasonal pickup in outdoor workers, yet initial jobless claims for the week also turned down by 19,800. ¶Retail sales rose in April to $16.1 billion, 2% better than March. Most important, durable goods registered a gain for the first time this year, while housing, slowed by a cold winter and a wet spring, was picking up speed rapidly...
...bright patches showed through the clouds. The Commerce Department announced that as of mid-April the number of jobless had dropped to 5,120,000, down 78,000 from the month before. It was the first drop since October, though less than seasonal. The Federal Reserve Board reported that department-store sales for the week ending April 25 were 4% above the same week last year -proof that the consumer has by no means lost his will...
...thing to a critical point," said the President of the U.S. when he was asked at his news conference last week whether he would press for an immediate tax cut. As Ike and questioners well knew, the March unemployment figures (see BUSINESS) showed a 25,000 rise in the jobless to a 17-year high of 5,198,000. At the same time, the number of people working rose by 323,000 to 62,311,000, which was only 2.4% below March 1957's 63,865,000 all-time high for the month...
...jobless checkup, the Census Bureau does not try to find out how many of the jobless are such new workers, how many actually lost their jobs. The census takers only ask: "Are you looking for work?" And everyone who is "looking for work," no matter how lackadaisically, is counted as a member of the labor force. Thus, as the size of the labor force increases, the number of jobless can also increase, as happened last month, even when the number of employed takes a big jump. Economists would like the Census Bureau to add more questions to separate the laid...
...areas surveyed from 68 to 330. When it expanded from 68 to 230 areas in 1954, the bureau ran two surveys, one in the smaller number of areas and one in the bigger. To its surprise, it found a huge increase of 700,000 in the computations of jobless totals for the U.S. based on the larger survey. Since then, the number of areas has been increased to 330 in the interests of greater accuracy. But on the basis of the discrepancy discovered in 1954, there is reason to suppose that the jobless totals in 1954 and 1950 were larger...