Word: joblessness
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...Joblessness is at its lowest level since 1974. The Labor Department reported last week that the unemployment rate dropped to 5.3% in June, down from 5.6% the previous month. Barry Bosworth, an economist at the Brookings Institution, thinks the jobless level is approaching the threshold at which it begins to spur wage and price increases. Says he: "I like an unemployment rate of 5.3%, but if it goes below 5%, then I would be concerned." Yet other economists think the work force can readily accommodate the scattered shortages. Says Beryl Sprinkel, chairman of the President's Council of Economic Advisers...
...most important statistic released last week was the unemployment rate. After dropping from 5.6% in March to 5.4% in April, it bounced back to 5.6% in May, leaving economists mystified about the trend. While the jobless rate is generally considered to be among the most accurate of the figures the Government puts out, economists argue over how to interpret the number. A 5.6% unemployment rate sounds fairly bad in an absolute sense, but some experts say that it overstates the degree of distress because a large number of those listed as out of work are people who are voluntarily moving...
When the Labor Department announced the U.S. unemployment figures for April, the news was so good it might be bad. The jobless rate fell to 5.4%, down from 5.6% in March, and the lowest level since June 1974. That was encouraging to those who found work, but the news raised fears of renewed inflation. Reason: pressure on the job market could lead to a widespread rise in wages that, in turn, could boost prices...
...lands Judea and Samaria. His well- turned personal reportage, which in book form became an Israeli best seller, restated an old controversial question: At what political and moral cost does Israel take under its iron wing the lives of some 1.5 million Palestinians, many of whom are landless and jobless refugees from...
...failure of the schools augurs a worsening of the present statistics: a quarter of the city's population lives below the poverty line ($10,989 for a family of four), and 14% are on welfare (compared with 6.2% nationally). Jobs are going begging -- but the jobless lack even rudimentary skills. "It is the grimness of poverty that troubles us more than any other problem," declared the commission...