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Economy / Stock Market / Unemployment #80377

ABC Evening News for Friday, Sep 03, 1982
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(Studio) Report introduced
REPORTER: Frank Reynolds

(NYC) Heavy trading on Wall Street today examined; closing Dow Jones average noted. Dow's activity for week recalled; basis of investors' decisions explained. [Merrill Lynch vice president Richard McCABE - cites role of international fins. and recent spate of bankruptcies on stock market] Gold price activity outlined on screen, discussed. [Aubrey G. Lanston Company spokesperson David JONES - interprets week's financial activity.] Auto sales for final 10 days of August mentioned as factor ignored by investors; similar situation with unemployment noted.
REPORTER: Dan Cordtz

(DC) August unemployment rate discussed in detail; specific statistics outlined on screen. Labor Department's account of number of jobs lost per industry listed on screen. [Treasury Secretary Don. REGAN - anticipates recovery.] [AFL-CIO president Lane KIRKLAND - notes recovery was promised before; anticipates no immediate change in unemployment situation.] IRS (Internal Revenue Service) said notifying large number of its employees of pending layoff; details given.
REPORTER: Carole Simpson

(Studio) Anchor and reporter discuss Wall Street activity in light of pessimistic implications of unemployment and general national economy
REPORTER: Frank Reynolds, Dan Cordtz

(Studio) Item recapped at end of broadcast

Cordtz, Dan;
Reynolds, Frank;
Simpson, Carole

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