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
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and handcrafted by our
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iamond Room
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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
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