Word: joblessness
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Walking down the streets of New Bedford in the early evening, one sees no such vibrancy. In place of the drills and dump trucks, the streets are lined with boarded-up shop windows and occupied by the wandering homeless and jobless...
...meet for a wife, two daughters, a sick mother, six cats and two parrots, gave up everything to defend his brother Serbs in Bosnia; how he never did anything but "stand guard" and "carry out ordinary military orders"; how in return for risking his life, he is broke and jobless, his children are shunned and his own government is trying to make him a scapegoat. "I didn't go there to kill other people's kids," says Lugar, "but to defend kids just like my own from our enemies...
...days' pay for each year of service. Two weeks is typical for the U.S. But the price of such protection is stagnation. Firing workers, even for cause, is so pricey that employers are reluctant to hire them in the first place. So Spain pays for its kindness with a jobless rate of more than 20%, Europe's highest. Italy, although more entrepreneurial than Spain, has similar laws and an unemployment rate of 12%. Textile-factory boss Marina Salaman of Treviso needs new staff but admits, "A lot of times I hold off hiring because once you've hired someone...
...heart is saying, 'Get him out. He wouldn't leave you.' But your mind is saying, 'No way.' So you feel guilty." Elliott was so humiliated over asking for government help to buy his hearing aids that he has refused to seek supplemental-income aid, although he is still jobless and psychologically fragile. The Red Cross, he says, "wanted to know how much we spend on haircuts, on recreation, on gas and car insurance. I had already felt violated by the bombing and dragged through the mud, I don't plan on being dragged anymore...
Even a 1% growth rate would be insufficient over the long run to prevent an increase in unemployment. Sure enough, the jobless rate in January rose to 5.8% from 5.6% in December, returning to the top end of the range it held throughout 1995. More ominously, total payroll employment dropped by 201,000 jobs, the biggest decline in nearly five years. The Labor Department put much of the blame on the East Coast blizzard, but some economists suspect that even with normal weather employment would have been flat...