Jobless rate holds at 7.3 percent amid mixed trends
The Labor Department reports the civilian unemployment rate at 7.3 percent for six months, with 243,000 new jobs in July. Manufacturing shows only 7,000 losses, suggesting stabilization, while service jobs rise and total employment increases 492,000 month over month. Unemployment rises for blacks and teens, while whites and adult men fall slightly.
MENTIONED IN THIS ARTICLE
Washington
Labor Department
David Jones
Aubrey G. Lanston Co. Inc
Janet L. Norwood
Labor Statistics
Congressional
John D. Connolly
Dean Witter Reynolds Inc
Connolly
Department
Bureau of Labor Statistics
Norwood
Michael Evans
Jerry Jasinowski
National Association of Manufacturers
Jasinowski
Hughes hails final S and L guarantee plan
Governor Harry Hughes announced the Maryland Board of Public Works completed plans to guarantee a minimum net worth for savings and loan associations to obtain federal insurance. The move aims to accelerate FSLIC coverage, reduce state liability, and lift deposit restrictions while preserving Maryland’s AAA bond rating amid S&L reforms following the May crisis at Old Court Savings and Loan in Baltimore.
MENTIONED IN THIS ARTICLE
Annapolis
Harry
Hughes
Maryland Board of Public Works
Old Court Savings and Loan Association
Baltimore
S&l
Maryland
Federal Savings and Loan Imsurance Corp
FSLIC
Board of Public Works
S&ls
Maryland Savings Share Insurance Corp
SuiLe Wuasuveu Uy Hieekisial Ure
Montgomery Ward to phase out catalog sales
Montgomery Ward will wind down its catalog business by end of 1986 after 113 years of operation. The move follows years of losses, with $50 million per year in the red over the past five years, prompting job cuts of about 5,000 staff as the company restructures under Mobil ownership.
MENTIONED IN THIS ARTICLE
Chicago
Montgomery Ward & Co
Bernard F. Brennan
Montgomery Ward
Mobil Corp
Brennan
Sears, Roebuck & Co
William J. Bass
Sears
Henry A. Johnson
Spiegel Inc
Oak Brook
Spiegel
Aaron Montgomery Ward
George R. Thorne
Ward
Mobil
Ward’s
Learmont Books to become Square Corner Bookshop in Frederick
Frances Tersillo will take over Learmont Books after 35 years on North Market Street. The new owner plans to expand selections in cooking crafts and children's literature and will rename the shop Square Corner Bookshow. Learmont will assist during the transition and keep a hand in his former store for a time.
MENTIONED IN THIS ARTICLE
Shipley
Sporting Goods
Tom Muphy
Bob Marendt
Marendt
Murphy
S. Marendt
Learmont Books
North Market Street
Frederick
Square Corner Bookshop
Frances Tersillo
John Learmont
Ed Waters Jr
Learmont
Georgetown
Church Street
Pentagon
Frederick County
Square Corner Bookshow
National Symphony Orchestra
Wmal Radio
Washington
Stock Market Dips Slightly as Budget Deficit Outlook Weighs
New York stocks edged lower Friday amid cautious trading after Congress approved a deficit reduction plan. The Dow fell 2.57 to 1353.05 while the NYSE composite slid 0.3 to 110.85 and the NASDAQ rose 0.52 to 404.53. Volume reached 87.86 million shares. The Labor Department reported July unemployment held at 7 percent with payrolls up more than expected, hinting at a tentative economic revival.
MENTIONED IN THIS ARTICLE
New York
New York Stock Exchange
Congress
Ses- Sinn Ag Tradere Antininotad Tha — Nament
House
Senate
Labor Department
Wall Street
American Stock Exchange
Also Mentioned on This Page
Robert C. Reid
St. Charles
Lubbock
Texas
Chico
Cali
Frederick Heights Community Association
Hill Crest Drive
MHIC
Southern States
News-Post
Ms. Tersillo
Rockefeller Foundation
Washington, D.C
Dow Jones
London
Avemco Corp
Undgd
Bhomenga Bell
McSx Corp
Clorox
ConData
Exxon
Fairchild Ind
F&m Bancorp
Marriott Corp
MD Natl Cp
Mercantile Bokshi
Moore Corp
Phila
Penney
Plantra
Potem el
Ryan Homes
Safeway Ca
Standex
Ye Tandy
Baker Watts & Co
James E. McClellan, D.V.M
James R. McClellan
D.V
American Board of Veterinary Practitioners
Sara Fox Chapman
D.V.M
M.S
W. Patrick St. Frederick
Mondiy Fday
John J. Golski
DDS
W. Patrick St
Frederick, Md
Hess
Francis Scott Key Mall
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