Jobless rate steady at 7.3 percent as service jobs rise
May data show 345000 new service jobs while manufacturing loses 28000. Unemployment holds at 8.4 million with civilian employment at 106.9 million. Officials cite two-path economy: growing service sector and shrinking industrial jobs, with pockets of trouble.
MENTIONED IN THIS ARTICLE
Washington
Labor Department
Janet L. Norwood
Commissioner of Labor Statistics
Ms. Norwood
Joint Economic Committee
White House
Larry Speakes
Second American Revolution tax talk a big con on public
Louis Rukeyser argues the Reagan tax plan is a con that hides larger issues. He warns lawmakers will complicate rules, encourage tax tinkering, and shift burdens to middle income earners while neglecting government spending cuts. The piece stresses preserved aging deductions and the need to reassess national goals.
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New York
Thomas Jefferson
Thomas Paine
Labrador
Washington
David Copperfield
Congress’ Gang of 535
Ronald Reagan
Gallup
U.S
County reception aims to lure firms to Frederick
The Sheraton Inn Frederic hosted a reception organized by the Frederick County Economic and Community Development Commission to persuade existing and potential businesses to locate in the county. About 140 representatives from local business, county and state government attended, with discussion centered on the 270 Technology Park under construction and the Quality Inn office-hotel complex nearby.
MENTIONED IN THIS ARTICLE
Sheraton Inn
Frederick
Frederick County
270 Technology Park
1-270
Quality Inn
Sheraton
Frederick County Economic and Community Development Commission
Donald
Date
Applied Communications
Peethe
Washington
Beneficial to Sell Western Auto to Wesray Capital
Beneficial Corp. signs a letter of intent to sell Western Auto to Wesray Capital for about 300 million in cash, with closing anticipated in Q3. Western Auto to operate as an independent company under Wesray, management to stay, pending a definitive agreement and board approval.
MENTIONED IN THIS ARTICLE
Wilmington
Del
Beneficial Corp
Western Auto
Wesray Capital Corp
Thanatnanian
el Ha Hankotna
Beneficial
Western Auto Management
Wesray
New York
Morristown
N.J
Big market drop in stock indices shocks investors
New York reports the Dow Jones average fell 10.88 to 1316.42 as rates rise and unemployment holds at 7.3 percent. The Nasdaq and S P indices also declined, while NYSE turnover reached about 121.02 million shares and bond prices fell sharply in a broad market selloff.
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New York
Labor Department
Treasury
Natnad
Standard & Poor's
S&p
Dow Jones
London
Wi —” BA
Avemco Corp
Bell Atl
CSX Corp
H Clorox
Comsat BM
Exxon
Fairchild Ind
Ff&m Bancorpers
Fst Md Bae Am
Gen Motorshh
Genex
GenStar
Hech
IBM
Litton Boe
Lowe's
Mack Trk
Marriott Corp
Mad Nail Cp
Mercantile Bokshi
Moore Corp
No A Phil
Penney
Plastra
Potomai
Ryan Homes
Safeway
Sears
Standex
Subr
Tandy
WashGs
Whittak
No Trad
Baker Wat
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Business Finance
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Frederick, Md
ED Waters JR
US Dept of Labor
Louis Rukeyser
IRS
Russell Long
America
McNaughtSynd
David Rice
News-Post
William E. Simon
Wartern Armn
Fibiora Thic Este
Finn M. W. Caspersen
Noland C
FREDERICK REFRIGERATION #1 Co., INC
Marylan
TJTC
Maryland Job Service
W. Patrick St
P.O
Inl
Social Security Administration
Social Security Office