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Economy / Unemployment / Ford / Inflation #487337

NBC Evening News for Friday, Feb 06, 1976
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(Studio) Unemployment rate 7.8% in January; decrs. from 8.3% December rate. 86.2 million working in January; 7.3 million looking for work.
REPORTER: John Chancellor

(Detroit, Michigan) Auto workers' unemployment decrs. from 17.7% to 6.4%. [UAW Irving BLUZSTONE - questions government figures. Still 60-70,000 auto workers out of work.] [Auto WORKER - thinks workers' attitude will change for better.] [2nd WORKER - cites improved hrs.] Ford Co. to recall 7500 workers Monday General Motors Corporation to reduce its layoffs to 36,000 by April; 137,000 out of work in 1975.
REPORTER: Scott Osborne

(Studio) Teen unemployment up .3% in January; only category to rise.
REPORTER: John Chancellor

(DC) President Ford speaks to Republican group. [FORD - reads new unemployment figures. Almost all jobs lost in recession recovered.] Ford says he'll veto $6.1 billion bill to pay for public works jobs. White House economists say unemployment could rise slightly in future months. Unemployment may not be liability in Ford's reelection campaign.
REPORTER: Irving R. Levine

(Studio) Inflation declines also; 7% in 1975. Av. inflation rate for industry world is 10.5%.
REPORTER: John Chancellor

Chancellor, John;
Levine, Irving R.;
Osborne, Scott

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