Word: joblessness
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...determine whether working people have the jobs that allow them to feed their families and whether communities thrive or atrophy. The investment bankers and consultants guiding the merger of Mobil and Exxon into one great leviathan seem little concerned with the 9,000 factory workers expected to be left jobless as a result...
Inflation Rate 0 U.S. Jobless 5% Home Ownership 46.7 Top Income...
Inflation Rate 2.5% U.S. Jobless 3.2% Home Ownership 46.7% Top Income...
...year from now, and Sinai 5.3% by mid-1999.) Those estimates are all significantly higher than August's 4.5%, not to mention the 28-year low of 4.3% touched last April and May. It would be anything but bad, however, for a period of "growth recession." Even a 5.5% jobless rate would be lower than any the U.S. achieved between August 1990 and November...
...ever been. While few economists expect a replay of the phenomenal 5.5% growth of this year's first quarter, most foresee a healthy 2% to 3% expansion rate for the rest of the year. The employment picture also looks bright. The Labor Department reported last week that the jobless rate held steady at 4.5% in July despite a strike at General Motors that forced factory shutdowns. And even with the summer swoon, the Dow closed last week at 8,598, up almost 9% for the year...