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Economy / Unemployment / GNP #254558

CBS Evening News for Wednesday, Jan 11, 1978
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(Studio) Drop in unemployment figs. for December noted.
REPORTER: Walter Cronkite

(DC) Details of figs. for unemployment in December and for 1977 as well as gains in employment reported President Carter's meeting with economy adviser Chas. Schultze noted. [CARTER - thinks impact of programs put into effect by admin. was slow and disappointing at 1st, but is now beginning to show up.] [SCHULTZE - thinks it shows economy is improving, but work at improvement will have to continue] Carter and Schultze agreement with regard to need for tax cut cited. Comments on economy outlook made by Labor Statistics commissioner Julius Shiskin quoted. Details of respective areas of unemployment given.
REPORTER: Neil Strawser

(Garfield, New Jersey) Econ. improvement and effect on lock plant in New Jersey detailed. [Steven DAY - says he can now start saving money for wedding. Couldn't have gotten engaged if hadn't gotten job back.] [Personnel manager Raymond CLYONS - is hurt when he has to tell someone they're being laid off.] Problems of Thomas Bonafe and wife Evelyn cited. [Mrs. Evelyn BONAFE - describes reaction to husband's getting job back.]

(Studio) gross national product for 4th quarter, according to Commerce Department chief economy Courtenay M. Slater, noted.
REPORTER: Walter Cronkite

Brady, Ray;
Cronkite, Walter;
Strawser, Neil

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