Word: peake
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Dates: during 1970-1979
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...Protection. Whatever the cause-parental overconfidence, carelessness or ignorance-the situation may well lead to a comeback by diseases that had been almost conquered. In the 20 years since polio vaccines became available, the number of U.S. cases of that crippling and often fatal disease has fallen from a peak of 58,000 in 1952 to a mere seven in 1974. Common or "red" measles (rubeola) used to strike 4 million children a year, kill 400 and leave 800 with irreparable brain damage. By last year, the total number of cases was down to 22,000; only a handful...
...bills rose from 6.4% in mid-August to nearly 6.6%: that is the most the Government has had to pay for short-term money since January. Recently the Treasury was forced to pay more than 8.5% on four-year notes, or barely .5 percentage points under the mid-1974 peak of 9%. Private borrowers, too, are beginning to feel a money pinch. Having settled down to a two-year low of 7% in early June, the prime rate charged for credit-worthy corporate customers has inched back up to 7¾% at most commercial banks...
...which will be reported next week, to show at least a slight rise over July. Production just has not bounced back rapidly enough yet to reduce unemployment as swiftly as the figures have been showing; if the July jobless rate of 8.4% was a true measure, then the May peak of 9.2% probably was too high, a reflection of the difficulty of statistically accounting for students entering the job market. The decline in the unemployment rate after August is expected to be painfully slow and to remain at or near 8% well into next year, as President Ford campaigns...
Layoffs Reduced. In the bellwether auto industry, where sales have been showing erratic improvement, Ford Motor Co. President Lee Iacocca said last week that the number of Ford workers on indefinite layoffs had been reduced to 14,800 from a February peak of 35,000. He added: "We hope to get it down to zero as soon as the market recovers. Most will be back by next year." To economists in Michigan, that was industry pep talk. They note that Michigan's slight July improvement in unemployment (down to 14.2% from 15% in June) was due in part...
...healthy clip that should send production up at about a 7% to 8% rate in both the third and fourth quarters. The biggest reason is a predicted tapering off of business inventory cutting. In addition, the statistics-except for those concerning inflation-have been good: unemployment fell from a peak of 9.2% in May to 8.4% in July, and the index of leading indicators in the second quarter registered the highest jump in 17 years. Auto sales and retail sales are generally improving...