Word: slump
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Dates: during 1970-1979
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...output forecasts because 1972 ended with such a whoosh. In fact they have a nagging suspicion that the economy may be accelerating a shade too rapidly, raising some danger that the upsurge could turn into the kind of inflationary blow-off that precedes not exactly a bust but a slump...
...Seattle area, Boeing hired 7,000. Some city centers began reviving; at year's end ten skyscrapers were being built or planned along Chicago's lakefront, and three new hotels were rising in San Francisco. The market for luxury goods and services began rebounding from a slump, as evidenced by brisk Christmas sales of items as diverse as diamonds and swimming pools. Waiting lists for membership in the fanciest Houston country clubs (initiation fees: $5,000 and up) lengthened from one year to six years. Relaxing their economy drives, some companies resumed paying club dues for their executives...
...price of piracy has been relatively moderate, though still troublesome for an airline industry that has just begun to recover from its 1970-71 economic slump. Each big trunk line spent about $3,000,000 in 1972 to search passengers and carry-on luggage at the busiest airports. In addition, the lines are still out $2.5 million in ransom paid to skyjackers over the past twelve months; another $6.8 million has been recovered by federal authorities...
...WEST is recovering from the aerospace slump but has a long distance to travel in order to come up to the national level. Unemployment in the Seattle area has fallen from a peak of 15% in May 1971 to 8.8%. Boeing has added 7,000 workers to its local payroll in the past year, and more jobs are opening up in the lumber, machinery and electronics industries. The California jobless rate has declined from 7% a year ago to just under 6% now-still well above the national average. Personal income, however, is rising a bit more in California than...
Though birth rates are declining, and merchants to the spoon-fed set are facing hard times, one fairly young company is beating the baby slump. Britain's Mothercare, Ltd., started in 1961 by Chairman Selim Zilkha, runs a unique chain of one-stop, self-service supermarkets that sell maternity wares and everything that a baby needs from cradle through kindergarten. Zilkha's 143 shops spread across England to Germany, Austria and Switzerland. He is opening two more stores this month and plans another 120 shops in Britain. Zilkha, whose ambition is to become the global king...