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Unemployment / Economy #231703

CBS Evening News for Friday, Oct 04, 1974
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(Studio) September unemployment rate reaches 5.8%.
REPORTER: Walter Cronkite

(DC) Stagnant production and cutbacks account for much unemployment. [Senator Hubert HUMPHREY - believes country dangerously close to depression.] [Bureau of Labor Statistics Julius SHISKIN - calls period "stagflation", known by its rapid price rises and sluggish growth. Doesn't think period is recession.]
REPORTER: Neil Strawser

(Studio) In some cities, unemployment figure much worse.
REPORTER: Walter Cronkite

(Newark, New Jersey) Unemployment rate 15% in Newark; future even darker. Citizens react to economy crunch. [New Jersey department of labor and industry James WARE - says unskilled labor market makes up unemployed sector.] Public service jobs may be set up in Newark and other such cities to lower unemployment rate.
REPORTER: David Henderson

Reporter(s):
Cronkite, Walter;
Henderson, David;
Strawser, Neil
Duration:
00:03:40

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