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Economy Report #232814

CBS Evening News for Friday, Feb 01, 1974
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(Studio) President sends economy report to Congress Labor Department says unemployment rises considerably.
REPORTER: Walter Cronkite

(DC) Econ. report hints at decontrol plans for wages, prices. Inflation, unemployment, economy growth all look gloomy for `74. Details of economy report follows.
REPORTER: Dan Rather

(Studio) Unemployment rises to 5.2% in January; energy crisis blamed. Los Angeles unemployment reaches 6.8%.
REPORTER: Walter Cronkite

(Los Angeles, California) Plastic industry hit hardest by unemployment. Oil needed for plastic production; energy squeeze affects Products and Design Corp.'s un- employment. [John PETERSON - explains plastic companies' losses.] Reporter Foster Davis interviews plastic company's employee Hayden Elliott. [ELLIOTT - says family can probably live 6 mos. without his working.3
REPORTER: Terry Drinkwater

(Studio) Auto sales drop 31% over last January More unemployment foreseen.
REPORTER: Walter Cronkite

Reporter(s):
Cronkite, Walter;
Drinkwater, Terry;
Rather, Dan
Duration:
00:04:10

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