ABC Evening News for Wednesday, Jul 21, 1976
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(Studio) Cost of living up .5% in June. Rate of inflation for 2nd quarter was above 6%.
REPORTER: Harry Reasoner
(DC) Reporter defines recession. Retail prices rise faster in April and May; consumer confidence in sales drops. Inventories slowed, and unemployment rose last month Real spendable income fell sharply last month Inflation still has effect on US.
REPORTER: Dan Cordtz
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