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Economy / Unemployment, Oil Industry #309525

CBS Evening News for Friday, Apr 04, 1986
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(Studio: Dan Rather) March unemployment and implications for economy recovery reported Impact of oil price drop on United States oil producing states noted illustrated by Standard and Poor's lowering of Louisiana credit rating.

(New Orleans, Louisiana: Harry Smith) LA's economy slump since 1980 explained, discussed; related statistics graphed on screen. [LONGSHOREMAN - feels hopeless.] [Barge broker David SPEAR - describes reduced river business since oil prices began falling.] [Oil company owner Jim Bob MOFFETT - feels oil price slump has deprived residents of hope.] [Econ. Ivan MIESTCHOVICH - predicts state's possible unemployment rate by mid-yr.] Governor's recommendations outlined; World Fair's failure here recalled.

Rather, Dan;
Smith, Harry

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