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Unemployment / Campaign 1976 / Construction Ind. #243226

CBS Evening News for Friday, Oct 08, 1976
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(Studio) Unemployment and inflation 2 big issues in campaign; today government issues last unemployment statistics before election.
REPORTER: Walter Cronkite

(DC) Report is mixed blessing for Ford administration; details noted. [Council of Econ. Advisers chairperson Alan GREENSPAN - says probably unemployment will be under 7% by early 1977, but won't rule out possibility of it by end of 1976.] Bureau of Labor Statistics says surveys done in usual way without pol. pressure. [Bureau of Labor statistics commissioner Julius SHISKIN - says there's been no administration pressure during his stay as commissioner Only 1 in admin. he talked to this month is Greenspan, to whom he gives figs.] Greenspan says he sees no need for change in administration's economic policy.
REPORTER: Neil Strawser

(Studio) Construction workers have highest rate of unemployment in nation and those in New York City have particularly hard time.
REPORTER: Walter Cronkite

(NYC) Percentages of construction unemployment in nation and New York City noted. [Building Trades Council chairperson Peter BRENNAN - says conditions in some cases worse than in Great Depression.] Union-reported unemployment for city during summer noted. Among 1 local union of sheetmetal workers it's 62%; member Owen Burke hasn't had job for 6 mos. [BURKE - says younger men can get relocated and reeducated, but feels it too late in life for him to do either.] Reasons for lack of construction work noted; officials say some help expected from recent public works jobs bill, but both union and city officials say real solution is in recovery of national economy
REPORTER: Mitchell Krauss (CBS-TV newsfilm)

Reporter(s):
Cronkite, Walter;
Strawser, Neil
Duration:
00:04:30

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