Word: slump
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Dates: during 1970-1979
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Barring a serious slump after the All-Star break, the Dodgers will ride high in the West...
...that standard, millions of Americans would argue that the most severe slump since the 1930s has indeed become worse than a recession. As recently as August, unemployment was 5.4%. Lately it has risen in frightening leaps -to 7.2% in December and 8.2% in January. The rate was again 8.2% in February, the Labor Department reported last week, but the real situation had worsened. Total employment fell sharply. The jobless rate held stable only because so many people despaired of finding a job that they simply dropped out of the labor force. In all, 580,000 people left the work force...
...Harvard's second-period tallies to break open a tight 2-1 game, and each member of the line scored a goal between 2:55 and 3:38 of the third period to increase Harvard's lead to 8-1. It was a great way to break a slump...
...fast-growing South escaped many of the ill effects of past postwar recessions, but the current slump is so pervasive even that region is hurting. Unemployment in the six Southeastern states in December ran three-tenths of a point above the national average. In Georgia, officials of the state department of labor estimated that unemployment there had jumped from 9% for the month of January to 11% or 12% by last week. Unemployment lines in Georgia are much the same as elsewhere in the U.S. People who wish to collect unemployment compensation have to sign up at state offices...
Recession's first victims are always at the lower end of the labor pyramid: the blue-collar worker, office staff and sales help. But the current slump is painfully hitting corporate managers and administrators, who in the past were relatively immune from layoffs. In January unemployment among managers hit the highest point in more than 15 years. Two typical examples...