Abstract

Playing Down Unemployment
Serrin, W. | January 23, 1989 issue

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The Federal Bureau of Labor Statistics releases unemployment figures for the Pittsburgh area, of which this community--for decades America's most famous steel town--is a part. The jobless rate was 5.6 percent, representing 53,000 people. Such numbers are greeted warmly by many in the area, are seen as proof that Pittsburgh has thrown off its smoky, old-fashioned manufacturing image and stepped smartly into a more modern economy based on office work, service jobs and high technology. The national unemployment figures for November 1989--5.4 percent, or 6.6 million workers--are also cheered. Economists, bankers, securities analysts and editorial writers say the statistics reflect a vibrant, innovative, job-providing economy.

See Also:

UNEMPLOYMENT; LABOR supply; MANPOWER policy; UNITED States -- Economic conditions; TECHNOLOGICAL innovations; UNITED States
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