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Unemployment / Energy Crisis #475991

NBC Evening News for Friday, Mar 08, 1974
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(Studio) Govt. reports unemployment rate holds steady at 5.2% in February
REPORTER: John Chancellor

(DC) Govt. officials glad severe unemployment hasn't spread outside auto and inds. Gasoline stkpiles. outlined; oil imports drop, however. Once oil embargo lifted, some unemployed people should return to work.
REPORTER: Irving R. Levine

(Studio) Auto industry forced to lay off thousands and shut down plants. Unemployment in Michigan especially severe.
REPORTER: John Chancellor

(Detroit, Michigan) Michigan's unemployment rate rises to 10.6% in February because of auto and relationship industry Ford, General Motors and Chrysler plan more layoffs. [Employment department Martin TAYLOR - believes poor sales of standard size cars accts. for most unemployment.] Michigan's unemployment likely to be much higher than national average for some time.

Chancellor, John;
Davis, Lou;
Levine, Irving R.

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