Word: slump
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Dates: during 1980-1989
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...spreading slump swells the long gray line of the unemployed...
Recession, fleeing firms and the auto slump stagger Michigan
...troubled states in the industrial heartland of the Midwest, Michigan is by far the hardest hit. Beset by nationwide recession, the migration of business to the Sunbelt and the auto industry's slump, Michigan had an unemployment rate of 12.7% in October, vs. a national average of 8%. Worse is to come. The University of Michigan's annual Conference on the Economic Outlook two weeks ago projected that the state's unemployment rate would climb...
That makes the outlook doubly grim for retailers. Third-quarter profits for some of them were way down because of the accelerating economic slide. Los Angeles-based Carter Hawley Hale Stores, for example, showed an earnings slump of 35%, and profits at Allied Stores, which owns Bonwit Teller, declined 36%. These and other retailers look to Christmas for 25% of their annual sales and 35%, even 45%, of their yearly earnings...
...remains the leading producer of semiconductor chips, those tiny silicon-based flakes that are the all-important components of computer circuitry. But profits from this bread-and-butter portion of the company's business are being pummeled by an economic slump in the U.S. and Europe. Because demand for computer parts has dropped sharply, the entire microchip industry is suffering from serious overcapacity that has resulted in fierce price-cutting competition...