Word: joblessness
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These moves have been spurred by a batch of government reports showing fewer jobless claims, better retail sales and an uptick in consumer confidence. A feeling of progress in the war on terrorism is also helping. But a setback in that war or in any future economic readings could cause traders to rethink their budding optimism...
...that she could not leave her house, which is right next door, without her husband, who is old and ill. "Now I have no work. I can't go outside," she says. She adds that the situation is even worse for Kabul's estimated 25,000 widows, now officially jobless. "There were many widows who worked here," she said. "Now they can't leave their homes. I'm so scared...
...First, the economy is showing signs of stabilizing. The University of Michigan's index of consumer sentiment advanced to 83.9 from 82.7 in October, and the number of Americans filing for first-time jobless claims fell by 15,000 to 427,000 last week, surprising economists with a fourth straight weekly decline. And retail sales did bounce back big time in October, though they're still a long way from normal levels...
Just when Americans were starting to calm down about air travel, Subash Gurung decided to fly from Chicago to Omaha, Neb. The jobless Nepalese man, here on an expired visa, got through security at O'Hare airport last week with five knives, a stun gun and a container marked TEAR GAS/PEPPER SPRAY. After a search at the gate uncovered the weapons, Gurung was arrested but soon released on bond. He was taken into custody only when he returned to O'Hare to pick up another bag, filled with more knives. And in the story's grim punch line...
...their rules vary widely. Consider the experience of Stewart, 36, a Chicagoan who asked that his last name not be used. He had been working full time as an inspector in a steel-forging company for five months when he was laid off on Sept. 26. Illinois pays jobless benefits only to those who have worked full time, continuously, for 12 months before they lose their jobs. So even though Stewart and his employer paid into the unemployment-insurance fund every week that he worked, he can't draw anything out of it. A single parent, Stewart is supporting...