European Stars And Stripes (Newspaper) - September 3, 1988, Darmstadt, Hesse Saturday septembers 1988 the stars and stripes Page 3 . Jobless rate in August jumps to 5.6 percent Washington up the nation s unemployment rate increased sharply to 5,6 percent in August an in crease of two to Nils of a percentage Point and adult men were hit particularly hard the government reported Friday. In More bad news the factory work week dropped average overtime also de dined and 225,000 More americans were standing in unemployment lines Ina Gull the labor department said. The news could boost the presidential Campaign or Democrat Michael Dukakis who has said that the american Economy has Many weak spots and Hurt the re publican candidate George Bush who has argued Here is impressive strength in the Economy. The figures showed a payroll gain in August of 219,000 jobs less than expected by most financial analysts. The August payroll gain a key gauge of future economic activity was markedly Down from inc solid increase of 283,000 non farm payroll jobs in july. The unemployment rate in june was 5.3 percent and it edged up in july 10 5,4 per cent. With the August figure of 5.6 percent american unemployment has risen three tenths of a percentage Point since june. Adult men were particularly Hurt in August the figures showed. Their unemployment rate leaped a full four tenths of a percentage Point from 4.5 percent injury to 4.9 percent in August. The latest unemployment figures will be studied particularly closely of Duka Kis and Bush because jobs along with inflation and interest Rales Are always a major concern among voters trying to predict their financial futures. The figures also will be scrutinized by the Federal Reserve Board and the Finan Cial markets. A companion Index of unemployment that counts members of the armed Force stationed in the United Stales also Rose in August by one tenth of a percentage Point from 5.4 percent to 5.5 percent. Overall the labor department figure mean 6.9 million americans arc unemployed. While joblessness for adult men Rose sharply adult women fared belter. Their Rale edged Down to 4.8 per cent joblessness among Whites Rose slightly to 4.9 percent. Unemployment for Blacks was Little changed at 11.3 percent and also remained relatively stable for teen agers 15.8 percent. An hispanics 8.4 percent. Joblessness for Black teen agers Rose from 31.1 percent in july 10 a staggering level of 32.4 percent in August. Meanwhile the average work week dropped 10 34.6 hours Down by of hours seasonally adjusted the a cloy work week also declined 10 41 hours Down 0.2 hours. Manufacturing overtime also fell to 3.8 hours Down 0.1 hour. The manufacturing Index also fell. In More bad news average weekly earn Ings fell 0.9 percent reflecting the decline in the average work week. Before seasonal adjustment average weekly earnings dropped 92 cents to $323.40. Average hourly earnings were unchanged at s9.24. For the first Lime since january the Sec Tor of the american Economy thai produces goods showed no increase in employ ment. For instance unemployment increased in the Oil and Gas Industry. Australian style Cowboy Paul Takami 8, of Perth Australia gets the sort of ride no ant usually lives to talk about on a 14-foot White Pointer shark the 2,200 Pound creature was caught in a net off Western Australia s coast by Roger Parker a professional shark Hunter. Parker has sold Hii catch to a commercial fishing firm which Plant to exp lbs tit. Delta flight s engine Wing problems probed Grapevine Texas
