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Unemployment #28981

ABC Evening News for Friday, Oct 04, 1974
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(Studio) Govt. says unemployment rate at 5.8%.
REPORTER: Howard K. Smith

(Capitol Hill) [Bureau of Labor Statistics Julius SHISKIN - doesn't think American in early stages of recession.] [Senator William PROXMIRE - believes unemployed think recession is at hand.] [Senator Hubert HUMPHREY - thinks US dangerously close to depression.] Most officials admit unemployment to worsen in coming mos., although present rate highest in 2 1/2 years
REPORTER: Sam Donaldson

(Studio) Level of unemployment reaches crisis proportions in some areas.
REPORTER: Howard K. Smith

(Flint, Michigan) Flint's unofficial employment rate is 15.1%. Flint plagued by layoffs in past year because of energy crunch on big cars. General Motors' Buick plant located in Flint. [Unemployed auto worker Jim BURGESS - says he had hoped to gain security from General Motors but layoff changed that.] Burgess expresses little anger, considering his predicament.
REPORTER: Jim Kincaid

Reporter(s):
Donaldson, Sam;
Kincaid, Jim;
Smith, Howard K.
Duration:
00:04:10

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