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Economy / Unemployment / Wholesale Prices #252913

CBS Evening News for Friday, Jun 03, 1977
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(Studio) Drop in unemployment rate and rise in wholesale prices for May noted.
REPORTER: Walter Cronkite

(DC) Bureau of Labor Statistics head, Julius Shiskin, tells Congress unemployment rate decrease is small, but encouraging. [SHISKIN - says 2 inds. with most gains are mfring. and construction.] Unemployment increases for black males and black teenagers. Wholesale price index points noted.
REPORTER: George Herman

(Studio) Labor Secretary Ray Marshall allocates more funds for youth jobs. House approves public works program to continue for year College grads. apparently have good job prospects.

(Philadelphia, Pennsylvania) Report on job prospects for college grads. (Interview by Sharron Lovejoy.) [Atlantic Richfield Oil Company Larry GRAVES - says there aren't enough minorities and women to fill job openings now.] [Econ. major Hugh BURKE - notes company representatives tried to impress him as much as he tried to impress them in interviews.] Possible salaries for some grads. noted. [Finance major Frank QUATTRONE - says it's scary stepping into job market and making same salary as father.] College placement authorities say hiring of grads. indicates companies will be hiring others also.

Brady, Ray;
Cronkite, Walter;
Herman, George

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