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Economy News / Unemployment #240840

CBS Evening News for Friday, Jun 06, 1975
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(Studio) For 1st time since 1941, nation's unemployment rate above 9%. May unemployment rate 9.2%.
REPORTER: Walter Cronkite

(DC) Unemployment concentrated in construction, financial and services and government work. Adult men and teenagers hardest hit by unemployment; figures given. [Commissioner labor statistics Julius SHISKIN - believes May figures suggest recession has reached bottom.]
REPORTER: George Herman

(Studio) 3 of 4 cities CBS has been watching for unemployment trends show decline in unemployment. Kokomo, IN, only city watched by CBS to show incr. in unemployment. Gainesville, Georgia, unemployment down .2%; San Diego, California, figures show unemployment at 10.4%; New Bedford, Massachusetts, shows considerable drop.
REPORTER: Walter Cronkite

(New Bedford, Massachusetts) [President Berkshire Hathaway Textile Mills Ken CHACE - conts. to see gains for his company 1976 to be better than 1975.] Other signs of economy recovery evident also. [Brewmaster Ted SCHEULER - believes close to $1 million to be pumped into New Bedford economy through this brewery.] Fishing most depressed industry in New Bedford, but even it is improving. Construction industry now reviving.
REPORTER: Betty Ann Bowser

Bowser, Betty Ann;
Cronkite, Walter;
Herman, George

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