Saturday, April 02, 1977

Unemployment Rate Fell to 7.3% in March as Cold Wave Eased

Unemployment declined in March as workers who were laid off in the winter because of severe cold and fuel shortages returned to work the Labor Department announced today.

However not all sectors of the workforce shared in the improvement. Unemployment among teenagers rose for the month to 19% which was close to peak recession levels. The jobless rate among teenaged black workers increased by about 3 percent and reached 40 percent.

excerpt from 4/2/77 NYT Philip Shabecoff

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