Word: joblessly
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...billion in development and welfare funds to help finance the prolonged war with Iraq. Oil exports have leveled off at 900,000 bbl. per day, providing $966 million a month in revenues, compared with $1.74 billion in 1978. In a nation of 39.8 million, 4 million are now jobless, and as many as 2 million are homeless because of the war. Some observers believe that much of private industry will come to a standstill by spring because of a lack of raw materials and spare parts...
Oddly enough, liberal columnists are the ones who dwell most on Reagan's likability, as if still in need of an explanation as to how he stole away their constituency. As Mary McGrory put it, "Everyone knows the phenomenon: the newly jobless auto worker who still wants to 'give Reagan a chance'; the bus driver who is hit by the cutback in school lunch programs but who admires Reagan's stance against the Communists." Furthermore, she laments, "during his long march to the White House, Reagan, the hip-shooter, was often called to account...
...loss of a job remains, by definition, an economic event. Naturally, it is the economic aspect of the world of the jobless that has become most familiar to the public: the struggle to pay the rent and keep food on the table, the suspenseful search for new work. The intangible atmosphere of the jobless world is less familiar only because it is ordinarily more private, often downright obscure. The most obvious personal wounds of joblessness are often easy to spot, as in the language of Ronald Poindexter, 34, a Washington bricklayer out of work for six months: "I feel sick...
...fact that the rate stands for an indigestibly large number of individuals- 9.5 million. Each point in the unemployment rate also represents, as the President explained last month, roughly $19 billion in potential but lost federal revenues, plus some $6 billion in financial assistance that the Government disburse jobless. Such statistical and elaborations usefully suggest the vast scope of unemployment and its staggering cost in both forfeited wealth and rescue efforts. Yet it is essential to remember that statistics tell nothing whatever about the reality of joblessness...
...unemployment picture next year looks grim. In most economic downturns, joblessness continues to grow even after the economy starts to recover, and TIME'S board sees the pattern being repeated once again in 1982. By year's end, the board expects unemployment to stand at 8.3% of the labor force after peaking at 9% during the second quarter of 1982. Such a jobless rate would match that of the 1973-75 slump as the worst in the postwar...