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Publication: European Stars and Stripes Saturday, February 8, 1992

You are currently viewing page 28 of: European Stars and Stripes Saturday, February 8, 1992

     European Stars and Stripes (Newspaper) - February 8, 1992, Darmstadt, Hesse                                Vol. 50, no. 299 350 saturday february 8,1992 d 8693 a unemployment rotes Hwi Artho in met Ayme among cwt Aln demographic grouper civilian 7.1% .1% 6.2% adult wan paahb6.9% 6.6% a a a 5.7% adult women 5.9% 16.1% 5.3% Black Tana Whites 16.2% i 16.3% 15.5% Blacks 113.7% 312.7% 112.1% has panics c 111.3% 39.7% 19.4% 34.9% 336.0% 35.3% All Tana 18.3% �19.3% 18.2% . Jobless ranks swell in january is Booher Washington a the nations unemployment rate remained stuck at a five year High of 7.1 percent in january with 8.9 million people out of work the government said Friday. A seasonally adjusted 38,000 More americans joined the ranks of the unemployed last month the labor department said. The number now is 2.5 million More than since the recession began in july 1990 and is at the worst level since 1984. A the recession is still with us. A lot of people thought we were bottoming out Here. But this data fits with the idea the Economy is still shrinking a said Bruce Steinberg an economist with the investment firm Merrill Lynch. The fresh deterioration in the Job Market came despite recent signs elsewhere that the Economy was re covering. Those signs include gains in housing boosted by the lowest mortgage rates in nearly a generation and better than expected retail sales last month. Analysts explain that an economic upturn must be Well under Way before employers arc confident enough to Start hiring again. The government estimates the unemployment rate and the number of jobless americans from a Survey of households. A separate Survey of employers payrolls often considered a better gauge of labor markets painted an even bleaker picture in january showing a loss of 91,000 jobs. Interest rates on the Bond Market fell in Early trading in response to the report. Traders were betting the Federal Reserve would Cut interest rates soon to Stinius see jobless on Page 2aid urged for Job casualties of military cuts Washington Apex marines controlling Rowdy students at an elementary school. One time army officers skilled in teaching Basic training lecturing a class of High school students. A 15-year Navy Veteran working As a cop. Faced with the certainty that 2 million americans will lose their defense jobs in a Post cold War Era the chairman of the Senate armed services committee on thursday described an assistance program that could put them to work. A these men and women truly Are our real peace dividend. We have an obligation to keep them from becoming victims of their own Success a sen. Sam Nunn d-ga., said in a speech on the Senate floor. Defense Secretary Dick Cheney told Congress last week that by the Middle of the decade about 1 million civilian and military employees will be out of work. In addition the defense budget project estimated last August that More than 800,000 people employed by defense companies would lose their jobs by 1996, nun investigators search for clues in c-130 crash from wire reports Evansville ind. A military investigators Friday tried to determine what caused a military transport plane to crash into a restaurant and Motel killing 16 people and injuring 19. A it looked like Pearl Harbor a said Mark Whitehead who lives nearby and rushed to the scene. The Lockheed c-130b four engine Turboprop plane crashed into the rear of a Jojou a restaurant and the North Side of the Drury inn Motel shortly before 11 . It had just taken off from Evansville regional air Jort about a mile away said Indiana state police sgt. A. Rhodes. Burning fuel was sprayed hundreds of feet sending flames 60 feet into the air and creating a Tower of Black smoke visible for Miles. The cause of the crash Wasny to immediately known. Investigators from the military Airlift come at Scott fab in Belleville 111., were on the scene overnight and resumed searching through the rubble Friday. They were looking for the crafts Black Box or flight recorder. Five of the dead were members of the Kentucky air National guards 123rd tac Airlift Wing. They were on see crash on Page 2 i think we owe these people Mote then a handshake and Best wishes for finding a Job in this recessionary . Sam Nunn Sion in Groton conn., caused by the cancellation of the sea Wolf submarine program. A these people Are not losing their jobs because they failed a they Are losing their jobs because they won Nunn said. Among the lawmakers proposals arc Early retirement for those in the military with 15 to 20 years of service additional retirement credit for those who work in such Fields As education health care or Law enforcement and retraining of military employees for jobs in the private sector. Noted. Those estimates were calculated before president Bush announced his plan to slash military spending by $50 billion Over the next five years. Just this week general dynamics corp. Announced the first of up to 4,000 layoffs at its electric boat Divi Nunn pointed out that 60 percent of military officers have bachelors degrees while 35 percent have a masters or doctorate. The senator proposed a teacher certification program that would make it easier for military employees to work in the nations schools and universities. Those military employees without degrees could see Aid on Page 2 firefighters walk around the rubble of the c-130 that crashed into a restaurant and Motel thursday  
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