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Unemployment Rate #238965

CBS Evening News for Friday, Feb 07, 1975
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(Studio) Unemployment rate hits 8.2% in January; 7 1/2 million workers unable to find jobs. Unemployment rate held steady in `74 till October; then began its sharp rise.
REPORTER: Walter Cronkite

(White House) Press Secretary Ron Nessen says President's advisers believe unemployment to top out at 8 1/2%. President and advisers rptdly. discuss options that could be taken if economy situation worsens. Senators Jacob Javits and Harrison Williams want $8 billion program to create 1 million new federal jobs; President not endorsing plan yet.
REPORTER: Bob Schieffer

(Studio) Unemployment cuts across whole spectrum of American labor force.
REPORTER: Walter Cronkite

(DC) [Statistics commissioner Julius SHISKIN - says auto and hsing. inds. seem to be hit worst by recession.] Auto unemployment rate in January 24%; construction rate 22.6%; other unemployment figures for various other inds. given, incling. textile, lumber, apparel, chemical. [Federal Reserve Bd. chairperson Arthur BURNS - thinks touch of optimism couldn't hurt.]
REPORTER: Nelson Benton

Reporter(s):
Benton, Nelson;
Cronkite, Walter;
Schieffer, Bob
Duration:
00:03:10

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