Jobless rise and inflation signals in May report
The May unemployment rose across groups with 8.2 million jobless and a 13.9 percent rate for blacks and youths. Construction and durable goods sectors led losses, while wholesale prices edged up slightly. Experts warn inflation may ease while overall recession deepens.
MENTIONED IN THIS ARTICLE
Janet Norwood
Bureau of Labor Statistics
Michigan
Ohio
New Jersey
Illinois
Texas
Labor Department
Norwood
Lawrence Chimerine
Chase Econometrics
Joint Committee
Chimerine
Consumer debt falls sharply as Americans cut spending
Americans pulled back on credit in April driving a record 1.99 billion decline in consumer debt, the Fed reported. The drop ends five years of growth and follows Carter era credit controls, signaling a potential deeper recession and slower inflation as spending falters across auto loans and bank loans.
MENTIONED IN THIS ARTICLE
Washington
UPI
Federal Reserve
Carter
Federal Reserve Board
Major banks cut prime rate to 13 percent nationwide
UPI reports major banks including Chase Manhattan and six Philadelphia lenders reduced the prime rate to 13 percent, effective immediately or soon after. Continental Bank will drop to 13 percent Monday as banks pass along lower funding costs amid Fed signals nudging rates toward a narrower gap.
MENTIONED IN THIS ARTICLE
New York
UPI
Philadelphia
Federal Reserve
Chase Manhattan
First Pennsylvania
Girard
Fidelity
Central Penn National
Provident National
Continental Bank
Weather Summary for Delaware County and Cities
Partly cloudy today with a chance of afternoon or evening showers and high near 80. Tonight and Sunday warm and humid with highs in the upper 80s and a chance of afternoon thundershowers. Becoming fair, cooler, less humid Monday through Wednesday with lows in the 50s and highs in the 70s. Precipitation totals show 0.0 inches in the past 24 hours and 18.49 inches for the year. Cities include New Castle and Atlanta, Boston, Chicago, Los Angeles, New York with varied conditions from cloudy to fair and rain.
MENTIONED IN THIS ARTICLE
Delaware County
New Castle
Ci Hi. le
Wea
Atlanta
Boston
Chicago
Los Angeles
New York
Delaware County Deaths and Licenses Summary
Death notices list Joan M Fore Lila S Gilpin Morris Tarin and Elizabeth Tucker. License entries mention Thomas Murray West Chester Debra Kyle Lansdowne William Stead Crowder Upland William Embers Cynthia Sterrett Nether Providence Charles Carpenter Darby Loraine Kelly Haverford Jeffery Gentry Choeky Maree Da Greenwalk Ble Gleen Dubin Monery County Whi Smith Jr Levittown Engler Wayne Gary Pinkerton Sybil N Rose Kelly David Owens Patricks Powell Yeadon Carl J Castille Louisiana Janet Ruby Raspa Upper Darby Craig Bennett Marion Gentry Glen Riddle.
MENTIONED IN THIS ARTICLE
Thomas Murray
West Chester
Debra Kyle
Lansdowne
William Stead
Crowder
Upland
William Embers
Cynthia Sterrett
Nether Providence
Charles W.carpenter
Darby
Loraine Kelly
Haverford
Jeffery Gentry
Choeky
and Maree
da Greenwalk Ble
Gleen Dubin
Monery County
Whi Smith Jr
Levittown
Engler
Wayne
Gary Pinkerton
Sybil N
William
Rose Kelly
David Owens
Patricks Powell
Yeadon
Carl J. Castille
Louisiana
Janet Ruby
Burks N and Alice figures in unclear notice
Fragmentary OCR mentions Margaret E from Burks N and Clarence from Alice with unclear context. No clear event, date, or organization extracted.
MENTIONED IN THIS ARTICLE
Margaret E
Burks N
Lites
Clarence
Alice
Lottery numbers drawn in two state games
The Penneylvania Daily Lottery announced the winning number 4 9 3 drawn Friday June 6. In New Jersey Pick It Lottery the winning number was 6 8 0 drawn Friday June 6.
MENTIONED IN THIS ARTICLE
Penney
Lvania
New Jersey
Also Mentioned on This Page
Clarence J. Brown
Parren Mitchell
Chell
Delaware County Daily Times
Central States Publishing, Inc
Mildred Ave
Primes
Springea Aion Heights
Griggs
Fed
Paul Volcker
News of Record
Safed
Joan M. Fore
Lila S. Gilpin
Morris Tarin
Elizabeth Tucker
Raspa
Upper Darby
Craig Bennett
Marion Gentry
Glen Riddle
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