Word: joblessness
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...Herzegovina "Province No. 1." The cold, hungry people who live there call it the Bihac Pocket. Surrounded by Serb- ( controlled territory, the 300,000 inhabitants -- mostly Muslims -- have survived seven months of isolation and almost nightly bombardment from Serb guns. Homes have no electricity, schools are closed, and jobless workers peddle smuggled cigarettes. Thousands in the region would have starved by now except for the sporadic arrival of humanitarian-aid shipments...
...houses gained 6.3%; worker productivity, or output per man-hour, leaped 2.7% in 1992 for the biggest gain in 20 years. In spite of continuing layoffs at some of the country's largest employers, even the job market looks suddenly brighter. The months of what has ironically been termed "jobless prosperity" may be ending: unemployment in January fell to 7.1% of the civilian labor force, down from 7.3% the month before and the lowest figure in exactly a year...
...liquor store, one of the first businesses looted in the Los Angeles riots, the Asian-American owner keeps a watchful eye on the angry and jobless men loitering outside. The same surly crowd frightens Goldie Bell, 65, a beautician who is black and lives nearby. The vagrants' noisy carousing causes Bell sleepless nights, and every morning she must run a gauntlet past them to get to her car. "I'm just afraid all the time," she says...
...room home belies his desperate straits, the disintegration of Kinshasa means that for long periods his family must subsist on one meal every two days. Mutongi is actually one of the lucky ones, since, after six months of unemployment, he found work as an accountant. Even so, with the jobless rate at 80%, he must support out-of-work relatives on a tiny salary that is constantly eroded by an annual hyperinflation rate of more than 3,000%. "If things do not change, we will die," says Mutongi with quiet resignation...
...contrast to a measly 1% during the Carter years. The market has climbed 37% under Bush but has behaved erratically in recent months owing to a dismal U.S. economy and global currency turmoil. Although stocks reacted favorably last week in response to reports of higher corporate earnings, fewer jobless claims and signs of a rebound in housing, analysts say the market is looking forward to a change in the White House. Not so the bond market, which has enjoyed a 12-year reign of sliding interest rates and tamed inflation...