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Unemployment Rate Drop #250686

CBS Evening News for Friday, Feb 04, 1977
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(Studio) Drop in unemployment rate noted; doesn't reflect effect of cold weather. Press Secretary Jody Powell says Carter doesn't believe economy improving as figs. indicate and that February will show rise.
REPORTER: Walter Cronkite

(DC) Bureau of Labor Statistics cmsr. Julius Shiskin tells Congress labor force shrank in January [SHISKIN - says it's possible people discontd. job-seeking due to weather.] Shiskin's comments with regard to other details of unemployment figs., include last week of Ford administration, noted.
REPORTER: George Herman

(Studio) Upcoming item with regard to illegal immigrants and effect on labor noted. Congress questions Carter economy advisers with regard to economy package
REPORTER: Walter Cronkite

(DC) Comments of Senators Henry Bellmon and Lawton Chiles and administration officials with regard to plan noted. [Econ. adviser Charles SCHULTZE - says there's been nothing seen so far in weather to make package less desirable, but other remedies may be needed.] [CHILES - notes possibility of future bad winters.] Some Senators call for jobs programs or tax cuts rather than rebates. Senator Ernest Hollings notes Carter's fireside chat words on sacrifice. [HOLLINGS - says administration seems to be going in 2 directions at once.] Treasury Secretary Michael Blumenthal says if rebate knocked out he doesn't know what else to do.
REPORTER: Neil Strawser

Cronkite, Walter;
Herman, George;
Strawser, Neil

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