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(Studio) Commerce Department predicts business investments for `75 to be down. President Ford meets with cabinet to discuss economy President defends his new econ. plan to be announced soon. Labor Department reports 813,600 persons filed new claims for unemployment insurance during Christmas week Rising unemployment leads to congress enactment of new public service jobs program, but demand for jobs far exceeds supply.
REPORTER: Walter Cronkite
(Los Angeles, California) Emergency work program creates 3900 jobs around Los Angeles; so far 20,000 apply. [Los Angeles personnel department Sandra COMRIE - says certain quotas must be met as far as job applicants concerned.]
REPORTER: David Browning (KNXT-TV film)
- Cronkite, Walter
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