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Unemployment #286140

CBS Evening News for Friday, Sep 03, 1982
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(Studio) Post-war high unemployment rate discussed.
REPORTER: Charles Kuralt

(NYC) Kaiser aluminum plant layoffs in New Orleans, Louisiana, cited as example [Unemployed WORKERS - comment on situation.] Unemployment since January 1981 graphed on screen with accompanying inflation rate. [Economist Robert RUSSELL - thinks Reagan administration intentionally creates economy slack in effort to lower inflation rate; believes administration willing to pay cost of high unemployment in effort to bring inflation rate down.] [WOMAN - notes pervasiveness of unemployment.] Michigan unemployment rate discussed; additional states with unemployment above 10% level listed on screen. Reaction of White House spokesperson noted. [Treasury Secretary Don. REGAN - thinks unemployment is the same as before.] Possible unemployment rate by election day considered.
REPORTER: Gary Shepard

Kuralt, Charles;
Shepard, Gary

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