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About The Battalion. (College Station, Tex.) 1893-current | View Entire Issue (March 7, 1983)
Page 6/The Battalion/Monday, March 7, 1983 — Unemployment slows growth of economy United Press International WASHINGTON — The so bering news that unemployment is not getting better, despite many other signs of recovery, is casting a long shadow over the nation’s otherwise bright econo mic picture. The Labor Department Fri day said the jobless rate stayed at 10.4 percent of the nation’s work force in February as the number of unemployed grew by 44,()()() to a total of 1 1,490,000'. Since fear of unemployment is often identified as a key reason consumers are reluctant to increase their spending enough to reinforce recovery, analysts are concerned the grim unemployment news will feed back into the economy to slow down improvement. “The latest unemployment f i gures indicate the euphoria of a sharply improved economic out look. It seems to need temper ing,” said economist Herman Lieblingi formerly chief f orecas ter for the Treasury Depart ment. “While the economy is impro ving, it is doing so at a very mod est rate,” Liebling said, now a professor of economics at Flor ida International University. Another leading analyst, eco nomist Lawrence Chimerine of Chase Econometrics, agreed overall economic performance is misleadingly vigorous. Referring to increases re ported in housing sales and pro‘- duction and higher levels of auto sales and production, Chimerine concluded, “These data exaggerate the pace of re covery.” The overall unemployment figure of about 1 1.5 million does not include 1.8 million people considered too discouraged to keep looking for work or mil lions more who can find only part-time jobs. Fhe average length of time people had been unsuccessfully looking for work by February edged down to 19 weeks, a small improvement from January’s peak of 19.4 weeks. The jobless rate for adult men, comprising half of the un employed, got 0.3 of a percen tage point worse — 9.9 percent in February. But the rate for black workers went down from 20.8 percent to 19.7 percent. The unemployment report was among the very first indirect measures of the economy dur ing February. The statistics for January, from factory orders to the leading economic indicators to house sales, were surprisingly robust. But analysts say uncommonly good weather, in sharp contrast to the patterns of past years that formed the basis for important seasonal adjustment factors, tended to exaggerate nearly ev ery statistic. And the strong'3.6 percent gain in the January leading indi cators, the biggest jump in more than three decades, was heavily influenced by growth in the money supply which was entire ly unrelated to the economy. In stead, it mirrored the ef fects of recent deregulation of bank accounts. — — What’s Up Monday is scheduled from 8 a.m. to 3 p.m. at the MSC. THEATER ARTS PROGRAM:Auditions for the musical “Transit” are scheduled for 7 p.m. in Rudder Forum. SWAMP:Candidates for the new head basketball coach will be discussed at 7 p.m. in 308 Rudder. INTRAMURAL-RECREATIONAL SPORTS:A Sports Club Association Meeting is scheduled for 7 p.m. in 167 E. Kyle. Entries are open for the Penberthy Tournament. Come by 159 E. Kyle or call, 846-7826 for more information. SPRING STUDENT ELECTIONS:Filing for elections will be held from 9 a.m. to 4 p.m. in the Main Hall MSC. UCM:A Bible study is scheduled for 11:15 a.m. in the MSC Lounge. UNIVERSITY LUTHERAN CHAPEL:A Bible study on the book of Ephesians is scheduled for 6:30 p.m. at the University Lutheran Chapel, 315 N. College Main, College Station. MSC AGGIE CINEMA:A general meeting is scheduled for 7 p.m. in 410 Rudder. New members are welcome. ALPHA ZETA “HONOR STUDENTS SERVING AGRI- CULTURE“:Formal spring initiation of all new members is scheduled for 7 p.m. in 301 Rudder. LUTHERAN STUDENT MOVEMENT:A meeting is sche duled for 7 p.m. in 140 MSC. CEC — COUNCIL FOR EXCEPTIONAL CHILDREN- :Students concerned for the Handicapped (SCH of A&M) will speak at 7 p.m. in 502 Rudder. AGGIE ALLEMANDERS:Classes will dance from 7 p.m. to 9 p.m. and the club will dance from 9 p.m. to 10:30 p.m. in 263 G. Rollie White Coliseum. AGRICULTURAL ENGINEERING CHRISTIAN:“Fear/ Anxiety: How to Cope” will be discussed at 6:30 p.m. in 214 Scoates Hall. PHI THETA KAPPA ALUMNI ASSOCIATION: Events of the State Convention will be discussed at 7 p.m. in 104-B Zachry. CHI ALPHA CHRISTIAN FELLOWSHIP:A Ladies Bible study from Proverbs 31, “The Virtuous Woman” is scheduled for noon at the All Faiths Chapel library. WILDERNESS LEADERSHIP ASSOCIATIONS book sale Tuesday TAMU SAILING T EAM:A regular meeting is schedule ■- p.m. in 109 MLS (Trigon). MSC HOSPITALITY: A fashion show is scheduled form < the MSC Lounge. Spring into fashion with the latesg , attire. PREM ED 1C A L- PREDE NT A L SOCIETY .Texas Colif Osteopathic Medicine — an alternative to medicalschooh be discussed at 7:30 p.m. in 110 HECC. Scrub shirts art j for $9.75. MICROBIOLOGY SOC I ETY: Officer elections will bd sed at 7:30 p.m. in 1 IS BSBE. RHO PHI ALPHA (PARKS 8c RECREATION)^ Work Opportunity Night — representatives fromsevtni’ and organizations will discuss available positions fromI; 10 p.m. in 202 Francis Hall. AGRICULTURE ECONOMICS CLUB.All student!. on the California Agri-Business Tour will meet at7:30f| 104 Agriculture Building. AMERICAN SOCIETY OF MECHANICALENGINlj (ASME):Dennis McClintock from Intermedics willspta “Bio-Engineering” at 7 p.m. in 203 Zachry. WATERSKI CLUB: Plans for Texan A&M Polar Bearh ment will be discussed at 7 p.m. in 401 Rudder. Even: welcome. BIOMEDICAL SCIENCE ASSOCIATION:Dr. L.R sell, professor of Veterinary Public Health, will spt c “Rabies Control in Animals’’ at 7:30 p.m. in 200 VMS.Rr ments will he served. MSC POLIT ICAL FORUM:A general meeting isschc for 8 p.m. in 501 Rudder. AH new members arewekw INTE R N AT I ON A L DE V ELOPM E N T FOR I’MiDe ment projects in Mexico will be discussed at 7:30 p.m t| Pomology (across the tracks). DATA PROCESSING MANAGEMENT J CIATION Tnformation on Careers in Data Processing will meet with Chris Schaeffer and (a>. at 7 p.m. in 203fki Inn. Business attire is requested. Refreshments willbt*( 764-8064 CULPE|3F>ER PLAZA HAPPY HOUR — 4 till Midnight WEEKEND HAPPY HOUR — 4 till 1 am 14!<iyetUm>goCd band designed and handcrafted by our gobdsmitfis. iamond Room 3731 E 29th • 846-4708 Bryan 707 Shopping Village 693-7444 College Station Artificial heart recipient hospitalized with pneumoni United Press International was in “fair” condition Saturday, SAL I LAKE Cl I Y — Artifi- battling aspiration pneumonia cial heart recipient Barney Clark he developed from breathing Ir* 4 # tfioom ^ 4*- Serving Luncheon Buffet Sunday through Friday Fun || 11:00 a.m. to 1:30 and stomach problems | "We’re in a waita period," said Anne Bril University of Utah Mednl ter spokeswoman. “Wfi: him back on the respnaT are giving him antinoml we'll see how he responds treatment." The aspiration od when Clark wcante nan Thursday. Before this setback I already had to stru, " breath — he has a serious:'' 1 emphysema. Bril linger said doctoisi vestigating the cause ofll upset stomach andareiti ■' ing him constantly. Saturday was Cbrl'sK day with the first pei jn artificial heart. Ken’s Autoifi 421 S. Main — Br 822-2823 FINALS ARE COMING! COLLEGE SURVIVAL THERTS GOT TO BE A BETTER WAY! 4^ There is. Evelyn Wood Reading Dynamics will prove it to you. Over 1 million people, including students, senators, executives, and even presi dents have proven it. Why let the responsibilities that college demands deprive you of enjoying the college life? With Reading Dynamics you can handle both- ali the reading you're expected to do and know; plus still have time to do what you want to do. Today you can increase your reading speed, dramatically. Let Evelyn Wood show you how. You've got nothing to lose but a lot of cramming and sleepless nights Reading Dynamics-now you know there is a better way. 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