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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - November 30, 1971, Lethbridge, Alberta TuBidoy, Novtmber 30, 1971 THE LBTHBRIDGI HIKAID XI Job needs of 25-34 age group paramount in next five years OTTAWA Serious eco- nomic and social strains threaten unless the economy ex- pands rapidly to create more jobs for young people, the Eco- nomic Council of Canada said Monday. The 20-mcmbcr council, in a review of the last II) monlhs ami prospects for llio first half of the 1970s, says that Canada can count on little help from foreign sales in pushing demand for goods and services. "The joh of Betting tho econ- omy moving decisively back up towards its potential level of output must now rest entirely on domestic demand expan- the council says. ft is one of the council's most chilling analysis of the country's performance and prospects since it was formed in 1963 to advise governments and the general public on how to achieve relatively full employ- ment, price stability and an eq- uitable distribution of rising in- comes. Between 1970 and 1975, tho re- port says, Canada needs 1.1 mil- lion new jobs to provide work for the rapidly growing labor MUST CUT UNEMPLOYMENT In the first 18 months of this five-year period, civilian em- ployment rose to about 8.1 mil- lion from 7.8 million. But unem- ployment has been running more than six per cent of UK labor force, and the council said it should be cut to 3.8 per cent as an Immediate goal and to three per cent for the longer- range future. The council said men in the 25-34 age group need the largest employment increase. Jobs would have to found at twice the role of growth for that group than occurred in the last half of live 1900s. These are today's young, born in Uie years immediately after the Second World War and now graduating, or dropping out, from the school system. They will be demanding more hous- ing, furnishings and other dura- ble goods, and urban sendees as they settle into family and they will need jobs. "Any significant shortfall in meeting the employment needs of this group will produce seri- ous economic and social strains in the the report said. The council is composed of three full-time members and 25 part-time councillors drawn from business, labor, agricul- ture, academic and consumer groups. GOVERNMENT HAPPED They were highly critical of the government. Most of their report was pre- pared before Finance Minister E. J. Benson's tax-cutting and job-promoting budget Oct. 11. But they said these measures didn't do enough to necessitate changing the report. Internationally, Canada was becoming isolated as a small trade-dependent country in a Probe land use for inventory map CRANBHOOK fS pec i all- Provincial environment and land use technical sub-commit- tee personnel met bore this week with their East Kooicnay ecuTTierparts and interested agencies to compile factual in- formation and informed atti- tudes. The study is in multiple-laud- use. The pi-ovtncial commiMpe is largely senior civic servants in NDP split patched up CHATHAM, N.B. fCP) J. Albert Richardson of Newcas- tle was re-elected leader of the New Democratic of New Brunswick during a one-day convention which federal party observers said followed consti- tutional procedure "to the let- ter." There was no confrontation between moderate members of the and Waffle support- ers, and' Donald MacDonald, federal NDP president, said the provincial party is again in control of "its own destiny." The federal council voted to suspend the provincial party earlier this month after moder- ates and Waffle supporters broke into two factions, each electing its own leaders and ex- ecutive. Mail agriculture, recreation, mining and forestry. Each of these departments has its East Kootenay agent. Other groups represented at the two-day session were Re- gional District of East Koo- tenay by planner Alfred Miller, the East Kootenay section ot the B.C. Beef Growers Associa- tion, the fish and wildlife ser- vice, and Water Resources. Meeting and field data assembled under chairmanship of B.C. Chief Land Commis- sioner Walter Redel mil then be compiled and mapped to in- dicate how land and water can be utilized for maxiirm benefit for most area people. Particularly controversial is alleged conflict of interest in animal ranges between ranch- ers anc5 hunters, which Mr. Redel thought could be fairly settled. Final report, recommenda- tions and mapping will be at cabinet level, for inclusion in the Canada Land Inventory map. world where large economic groupings are becoming impor- tant. One example is the Euro- pean Common Market which Britain is preparing to join. Domestically, Canada will have to expand output of goods and services at the rale of six per cent a year for the next three years, it said. Real output is, discounting inflation- ary only 3.2 per cent last year and only a little faster in the first half of this year. After last year's slowing down, prices have begun to in- crease moro rapidly again, the council noted. It expressed fears for further inflation in the fu- ture, saying business cannot continue with severely squeezed profits. "It seems likely that attempts will be made to restore profit margins to more normal levels as soon as market demand per- rnils." FACE MAJOR CHALLENGE From tile point of view of maintaining price stability in the future, the position "ap- pears to be less favorable now than at any time in the post-war period." But the 66-page report comes back repeatedly to "the formi- dable task of job call- big it ''a major challenge for the The rate of employment growth must move up to 3.3 per cent a year for the period from 1970 to 1975, "a rate well above that attained for employment over the whole of the 1960s." From 1905 lo 1970, Uie rate of employment growlh was 2.J1 per cent a year. "In the 25-31 age group, where the fastest increase in the labor supply will be occur- ring, employment growth will need to jump lo 5.G per cent a year in 1970-75, from 3.7 per cent in 1965-70. This group will account for 10 per cent of the in- crease in the labor supply in the first half of the lS70s." So far this year, total employ- ment lias risen at an annual rate of only 2.2 per cent, but for the 25-34 age group it has risen at a 5.2-per-cent rate. GUOWTII FALLS SHORT "Employment growlh in 1971 has fallen well short of the rates required to reach 'full' employ- ment by 1975. Early strong em- ployment gains are not usual In tho early stages of a recover, since increases in the average work week and in prodrctivjty typically lend to delay (lie need for new hirings." The difficulty of finding work for university graduates, many with advanced degrees, has caused concern, but job-seekers with less education also face great difficulties. The govern- ment and other "decision-mak- ers" need lo know more about the tulustrial and occupational requirements of the economy for manpower planning and edu- cational policies. "At the present tune, the bal- ancing of the supply and de- mand for process that begins far back in the edu- cational haphazard and subject to much uncertainty than need be the case. "Uncertainly in so difficult an area cannot Ire eliminated, hut it slwuld bo possible lo greatly reduce it." BELOW POTENTIAL The Canadian economy had been operating about three or four per cent below its poten- tial, lalling short by about billion on a gross national prod- uct of biliim last year. This meant, that lax and other revenue flowing to all levels of government in Canada has been about billion short of what it would have been if the country was running at full potential. Tf.e country's potential grows by about 5.2 per cent a year. Even with a sustained growth rate of six per cent a year in real terms, apart from any price rises, it would be the mid- dle of V.fH before the unemploy- ment rate can be expected to come down to about four per cent. Tho council said consumer spending appears to be making a strong recovery this year from last year's constriction 01 per capita incomes, and espe- cially after-tax incomes. It said Canada need 250.1100 additional hou.s-ing units a year in the mid-1970s, and business outlays on new plant and equipment should rise by 5.5 per cent a year. Housing starts have twn running about. 225.000 this year, but the council sairl business capital investment has been alxiut 12 per cent short of potential. feels It us speed delivery too. Merry Christmas Out of town: DeclS In town: Dec 17 TBhada Posies Post Canada Jet hijacker sends note to paper RENO, Nev. (AP) A let- ter with a note signed by "D. B. Cooper" the name re- portedly used by the hijacker who got and then para- chuted from a jet airliner Be- tween Seattle and Reno last week was received by the Evening Gazette today. The note, with printed words pasted to .paper, was turned over to the Federal Bureau of Investigation. The was postmarked at Oakdale, a small town southeast oi Stock- ton in central California. An FBI agent said the letter and note will be turned over to the FBI laboratory in Washing- ton, D.C., for analysis. The note, in various kinds of type, apparently from a news- paper, said: "Attention thanks for hospitality was in a rut D. B. Cooper." It was address- ed in faintly hand-printed pen- cil to "Reno newspaper, Reno, Nev." Meanwhile, the search con- tinued in tile Pacific northwest for a man who hijacked the Northwest Airlines 727 last Wednesday and then bailed out with in ransom money. The airline had do.livcrod four parachutes and the money to the hijacker in Seattle after he commandeered the aircraft between Portland and Seattle. The 36 other passengers and two of the six-member crew- were permitted to leave the plane in Seattle. He apparently bailed nut over Woodland, Wash., area as the plane made a slow, low- level flight at his command Seattle to Heno, en route to his demanded destina- tion, Mexico. SINGER HAS H01.K Hrian Crabb, a Toronto singer and writer, has landed the lead- ing role in Inflight Movies, op- posite Darren McGavin. The film is being shot in Winnipeg, Thunder Bay and Las Vegas. ON THE WIND SCHICK STYLING DRYER 2 SCENTED LUXURIES SOAP, COLOGNE FEATURES smma CRUSH STYLING COMB DIRECTIONAL DRYING ATTACHMENT TWO HEAT SETTINGS DELUXE CASE FOR TRAVEL AND STORAGE Mlg. Sun. Ust 2755 SIGNATURE SHOWERS AFTER SNIVE PRISTEEN SOURAT "THE SWITCUBLE" MIST OR DRT HAIR SETTER sraroo Bag. Size DESERT FLOWER 3 PIECE GIFT SET TOILET WATER DUSTING POWDER HAND AND BODY LOTION MIS, SUOO. Ull 5.25 PHILISHAVE DELUXE TRIPLEHEJDER DESERT FLOWER STEiWARE MIX 'N MATCK BELGIUM GLASS f' PARFA1T GOBLET CunnlAL TRUE SAVING SET TRUE SAVING ILD SPICE LIME AFTER SHAVE SOAP Mlg. Sugg. List 5.M TRUE SAVING YOUR CHOICE 12 ROLLS HOLIDAY GREETINGS EVENING EN PARIS CLAIROL f KINDNESS COMPACT INSTANT HAIRSETTER 20 HEAT AT ONCE ROLLERS, VERTICAL MIRROR, BUILT-IN ON.'OFF SWITCH, HEAT INDICATOR SWITCH, STURDY CASE JADE EAST HONG KONG GIFT SET 457 Mayor Magrath Drive College Mall Both Stores Open Monday To Friday 9-9, Saturday 9-6. ;