Word: timbermen
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Dates: during 1980-1989
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...down from 12.4% in 1980. The political question centers on how much unemployment the public is willing to accept to continue the battle against inflation. "There are a lot of people out of work now who aren't used to it, from General Motors executives to Oregon timbermen," says Frank Leary of Washington's Urban Institute. "A lot more people are feeling the cold breath of unemployment." On the other hand, inflation touches all Americans, and the country as a whole would pay a price if the White House switched from fighting inflation to combatting unemployment. Warns Federal...