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Danville Register in Danville, Virginia

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This newspaper page contains 2 articles. Subscribers can read the full text of each article.

Newspaper

Danville Register

Location

Danville, Virginia, United States of America

Date

Sep 04, 1977

Page

4

Nearly Seven Million Have Little To Celebrate This Labor Day

New York AP report notes nearly seven million Americans lack jobs, many black and young, highlighting unemployment gaps and civil rights criticism. AFL-CIO leader Meany denounces Carter administration as offering Band-Aids, backing rallies to urge Humphrey Hawkins bill. Carter asks Marshall and advisers to draft minority unemployment remedies before meeting with the Congressional Black Caucus.

New York Labor Department Afl-Cio George Meany Carter Ray Marshall Congressional Black Caucus

Wall Street Faces Apprehension Over 1977 Prospects

Wall Street begins the business new year with caution amid questions about a potential slowdown or recession. The Dow rose 16.89 to 872.3, NYSE index up 73 to 53.33, and the American Stock Exchange up 1.25 to 138.86, while volume slowed. Experts warn against overreading the leading indicators as economists note revisions can change the index’s message. Labor data show August unemployment at 7.1 percent with wide gaps by race and a youth job program announced under a $2 billion spending plan.

New York Wall Street Manufacturers Hanover Trust New York Stock Exchange American Stock Exchange Commerce Department Albert H. Cox Jr Merrill Synth Economics Cox Theindex

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