Word: joblessness
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...free coffee and upbeat Muzak could not lift Naoki Ijiri from his jobless gloom. The 25-year-old polytechnic college graduate had come to the job-placement office this spring after searching fruitlessly for work for six months?long enough to convince himself that he would never find a career to match his training as an environmental-systems engineer...
...their work forces, cutting off bad-risk borrowers, and streamlining operations in an attempt to remain competitive in an increasingly global economy. Many of its world-class companies have succeeded in doing just that, and economic growth is beginning to nibble at the unemployment figures. In April, Japan's jobless rate was 4.4%, the lowest since December...
...attacks on 7/7 were a reminder that Europe is, more than ever, a center of the threat. That's partly because European nations like Britain have a tradition of welcoming immigrants from North Africa and Pakistan. The children of those immigrants--many of them jobless and ghettoized in insular suburban tracts or city centers--often feel alienated from the ambient permissiveness of London or Paris. Alienated and bored: Peter Bergen, author of Holy War, Inc., wrote in the New York Times last week that the unemployment rate among 16- to 24-year-old Muslim men in Britain...
...board members, however, predicted only good times ahead for Europe. Giersch, for one, saw a Continent divided between a majority of employed and a significant minority of jobless; between skilled workers and the unskilled; between regions that are prospering, mainly those located around the Alps, and regions whose resource-based industries are in rapid decline. Export industries have been doing well, Giersch noted, while others, like housing, have suffered. What Europe still lacks, according to Giersch, is a flexible labor force that would be willing in some cases to accept lower pay and move more easily to new jobs. Without...
...raging 13.3% in 1979, increased only 3.8% last year. Moreover, the expected increase in U.S. economic activity, which ordinarily might send wages and prices sharply higher, is unlikely to do so this time, because factories have plenty of spare capacity and the labor force still contains 7.3 million jobless workers...