Search the Archive

Economy: Empl. / Stock Market / Rust Belt #116008

ABC Evening News for Friday, May 06, 1988
View other clips in this broadcast →

Material supplied by VTNA may be used for educational analysis or research only. Any editing, reproduction, publication, rebroadcast, public showing or public display may be prohibited by copyright laws.

(Studio: Peter Jennings) Econ. and political impact possibly resulting from low unempl. figure reported Report introduced.

(DC: Sheilah Kast) Empl. figs. examined; details given, scenes shown. [President REAGAN - says it's good to see more people working.] Fear of inflation discussed. [Econ. Don. RATAJCZAK - talks about possible bidding for empls., which leads to wage inflation.] Possible raising of interest rates by Federal Reserve Bd. noted.

(Studio: Peter Jennings) Stk. Mkt. Report "Rust Belt" defined. Report introduced.

(Lehigh Valley, Pennsylvania: Ned Potter) Brightening of employment picture in Rust Belt due to diversification reported [Technician Paul TRELOAR - comments.] Cutbacks by Bethlehem Steel Corporation in Lehigh Valley and by Chrysler Corporation in Kenosha, WI, reported balanced by success of smaller firms. [MIT professor David BIRCH - says whole new economy is springing up. Job figs. for large firms vs. small firms outlined on screen. Use of nonunion and part-time workers by smaller firms discussed. [Clerk Robert BERNIER, crayon worker Bernardine McGARY - comment on job situation.]

Reporter(s):
Jennings, Peter;
Kast, Sheilah;
Potter, Ned
Duration:
00:04:40

Note to sponsor members: The Vanderbilt Television News Archive video player requires a modern operating system and browser to work properly. If you are experiencing playback problems, check the minimum requirements and adjust your setup accordingly. After adjustments, if you continue to experience problems, please contact us.

Welcome! Above is the abstract of the item that you're interested in viewing from the Vanderbilt Television News Archive's collection. You have three options if you'd like to view this item:

  • You may request a loan of this video by registering on our website and placing an order.
  • You may visit the Television News Archive on the Vanderbilt campus to view on-site from the Archive's collection.
  • If you are associated with a college or university, you may ask your library if they would like to become a sponsor, which would give students and faculty at your institution the ability to view items from our collection.

If you believe that you are associated with a sponsoring college or university and have received this message in error, please let us know.