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Economy #55063

ABC Evening News for Friday, Jul 07, 1978
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(Studio) Govt. reports on inflation and unemployment for June noted. Wholesale price index rise reported.
REPORTER: Harry Reasoner

(DC) Details of wholesale prices in June listed and examined. [Econ. adviser Charles SCHULTZE - says figs. show need to pursue administration's anti-inflation program.] White House adviser Robert Strauss' statements on pledge by National Association of Homebuilders to hold down new house prices reported.
REPORTER: Dan Cordtz

(Studio) Labor Department report on drop in June unemployment noted.
REPORTER: Sam Donaldson

(DC) Labor Department report to Joint Econ. Committee about drop in unemployment rate and rise in number of people without jobs detailed. Reason for disparity in figs. stated. [Senator William PROXMIRE - asks about degree of reliability there is in June figs.] [Bureau of Labor Statistics spokesperson Robert STEIN - says figs. must be taken with caution because of large influx into labor market] [Commerce Department spokesperson Courtenay SLATER - would not have expected sharp decline for June.]
REPORTER: Stephanie Levinson

(Studio) Rel. of inflation and unemployment with lifestyles noted.
REPORTER: Sam Donaldson

(Danville, Illinois) Report on lifestyles in Danville, Illinois, and efforts being made by residents to save money. Exs. given are cases of Mott family and of John and Nancy O'Reilly. [O'REILLY - works hard, tries to save money, but seems to get nowhere.] [Nancy O'REILLY - says only way for them to get ahead is for her to return to work; doesn't see any way out.] Other details about economy situation in Danville given. Case of retired couple on Social Security, the Beckarts, given. [Maxine BECKART - discusses advantages to self and husband of selling Danville home and moving to Florida.]
REPORTER: Richard Mayk

(Studio) Cuts in coffee prices by Folger's and Hill Brothers reported.
REPORTER: Sam Donaldson

Reporter(s):
Cordtz, Dan;
Donaldson, Sam;
Levinson, Stephanie;
Mayk, Richard;
Reasoner, Harry
Duration:
00:06:10

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