Portland observer., July 15, 1971, Image 6

1 S C O R D
Unemployment report detailed'
Employment and unemploy­
ment rose less than seasonally
expected in June, as the num­
ber of young people entering
the job market was sm aller
than in recent years, the U.S,
I lepartment of L abor’ s Bureau
of Labor Statistics reported
trxfay. cm a seasonally ad­
justed
basis, the overall
unemployment rate dropped
from 6.2 percent in May to
5.6 percent in June, returning
to the level of last fa ll. Total
employment
fe ll
one-half
m illion to 78.4 m illio n , the
same level as in March.
These declines may be
somewhat overstated because
of the seasonal adjustment
procedures and because more
young workers than usual
were s till in school during
the survey week.
The jobless rate fo r teen­
agers and 20-24 year-olds
declin&i
sharply over the
month. There was also a
reduction
m
joblessness
among workers 25 years and
older.
Nonagricultural payroll em­
ployment declined by 310,000
in June
on a seasonally
adjusted basis, returning to
the February level. Declines
weie widespread among the
major industry d iv is io n s,
particularly in manufacturing
and trade. I he average work­
week fo r all rank-and-file
workers
in manufacturing
inched up over the month,
while factory overtime rose to
the highest level since last
summer.
L nemployment
T he number of unemployed
persons totaled 5.5 m illio n in
June, |.l m illion more than
in May.L nemployment usually
increases sharply between
May and June, but this year
the rise was much less than
seasonally expected, as a
smaller-than-usual number of
youth entered the labor force
at the conclusion of the school
year. A fter seasonal adjust­
ment, the level of unemploy­
ment was down by 530,000.
Most of the decline occurred
among workers who were
either new entrants or re­
entrants to the labor force,
largely teenagers and young
adults. I nemployment stem­
ming from job loss was v ir ­
tually unchanged in June fo r
the second straight month.
The overall unemployment
rate dropped from 6.2 per­
cent in May to 5.6 percent
in June, the lowest level since
the 5 5 percent of October.
Especially sharp reduct ons in
PORTLAND
CLEANING WORKS
A
NORTH & N.E. PORTLAND
l ONE D A Y SERVICE
knit blocking
OUR SPECIALTY
We Give
M IN O S tfP A Ig S —N O CMARGi
H C K U P & D fllY M Y
Q R S S N
STAM PS
282-8361
3 * 6 8 N. Willioms
‘You've Tried T>* Re»f, Now Try The Bost’
N. Alegonder, Propri» tor
®an^ ^0^ a
Purpose'
freedom
BANK
O F F IN A N C E
■
Owned by the People .. operated tor the People'
the unemployment rate OL-cur-
occur­
red among teenagers and 2 months. More than half
young adults. F o r teenagers, of the drop was registered in
the jobless rate fell from 17.3 the durable goods industries,
to 15.8 percent, seasonally ad­ particularly in the five major
justed, returning to the level metals and metal-using indus­
In nondurable goals,
of last summer, ( he jobless trie s .
rate for 20 - 24 year-olds the largest seasonally adjust-
employment decrease
decline! from 11.1 percent in a l
May to 9.9 percent m June, occurred in the apparel in­
Since reaching an
reflecting reduced jobless­ dustry.
ness among both young men alltune peak in September
1969,
total
manufacturing
and women.
The jobless rate fo r men employment has declined by
25 years and over fe ll from 1.6 m illio n , or 8.1 percent.
Contract construction tell
3.6 percent m May to 3.3 per-
^vnt in June. F o r women 55,000 in June on a seasonally
years and over, the rate adjust«! basis, the second
moved down from 4.8 percent straight monthly reduction.
to 45 percent.
Both June Employment in the industry
rates were at th e ir lowest was below its year-ago level
levels since the fa ll of last uni 280,000 (o r 8.0 percent)
below the a lltim e peak reached
year.
Unemployment rates were in December 19o9.
In the service-pratucing
reduced fo r both Negro and
white workers in June. The industries, employment re­
Negro
unemployment rate ductions were recorded in
dropped from 10.5 percent in trade (90,000) and services
May to 9.4 percent in June, (45,000). The decline in trade
a return to the March level. followed several months of
The decline took place ex­ increases ant returned the
clusively among women 20 job total to the January level.
years and over, whose rate In government, a decline in
fell from 10.6 to 7.9 percent; Federal employment (25,000)
this represented a return to more than ottset a small gam
the levels of early 1971. ihe in State and local employment.
rate for white workers fell
from 5.7 to 5.2 percent, re­ Hours of W ork
turning to its October 1970
The workweek fo r all rank-
level.
F o r workers covered by and-file workers on private
State unemployment insurance nonagricultural payrolls rose
programs, the jobless rate by 0.4 hour between May and
edged up from 4.3 percent in June, slightly more than sea­
expected.
A fter
May to 4.4 percent in June. sonally
The State insured rate had seasonal adjustment, weekly
declined to 3.7 percent in hours were up one-tenth of
February but has increased an hour to 37.1 hours. Since
steadily since then. (State October 1970, the average
insured jobless figures ex­ workweek has ranged nar­
clude unemployed new work­ rowly between 36.9 and 37.1
hours.
ers arxl those with no recent
In manufacturing, seasonally
work history.)
The number of persons un­ adjustol weekly hours inched
employed less than 5 weeks up 0.1 hour to 40.0 hours.
fe ll by 235,000 over the month This was the firs t time since
to 2.0 m illio n , seasonally ad­ July 1970 that the factory
justed, a return to the June workweek had touched the 40-
1970 level.
This p rim a rily hour mark, although hours
reflected the relatively small s till remained considerably
inflow of 16-24 year-old job­ below the levels prevailing In
seekers.
Unemployment of 1969. The small increase in
long-term duration (15 weeks the factory workweek took
place largely in the m ajor
o r more) was essentially un­
changed over the month. The metals industries of the dur­
able goods sector.
average (mean) duration of
Factory overtime rose 0 J
joblessness increased from
11 j weeks in May to 12.7 weeks hour over the month to 3.0
hours In June, seasonally ad­
in June.
justed. This brought the level
to the highest point since Au­
civilian
labor force
gust 1970.
and total employment
L IB R A R Y
ond Family Racraation Cantar
«2« N. K IL L IN C S W O R T H
grown by onh 700,000, o r at
about half the pace at which
it is expected to grow on the
basis of tong-term population
growth and labor force par­
ticipation trends. The recent
slackening of the labor force
growth has been most evident
among women and teenagers,
tlie two groups largely re­
sponsible for the very rapid
labor force increases of the
late 1960's.
Total civilian employment
averaged 78.7 m illio n (sea­
sonally adjusted) in the second
quarter, slightly above the
fir s t quartet level. Employ­
ment in the April-June p e rla i
was 20Ü.0ÜU below tie alltim e
peak of 78.9 m illion attained
in the firs t quarter of 1970.
Employment among males
20 years atxJ over, which had
drifted downward fo r 4 con­
secutive quarters, postal a
substantial advance of 350,000
in tie second quartet of 1971.
This gain, however, was
largely offset by a sizeable
decline in employment among
adult women (250,000) and a
slight drop in teenage em­
ployment (30,000). The gain
in employment among adult
men was about evenly divided
letween those in the 20-24
age group and those 25 years
of age and over; the decline
in female employment occur-
rod entirely among those 25
years of age and over.
’ ’ Unemployment.’ ’ The num­
ber of jobless persons average
5.0 m illio n (seasonally ad­
just«!) in the second quarter
of 1971, v irtu a lly the same as
in the previous 2 quarters.
Joblessness
among most
m ajor labor force groups has
exhibited If ttle change over the
exceptions on an occupational
past 2 quarters. The A p ril-
twsis were a deciuie m un­
June average rates for all
employment among craftsmen
adult men (4.4 percent), m ar-
•«*1 foremen and an Increase
r lo l men (3.2 percent), ami
•mung service workers, on
teenagers (16.8 percent) were
an industry basis, there was
virtu a lly the same as in tlie
a m olerate decline in unem-
fourth quarter of 1970. The
pioytnent «mung manufactur­
jobless rate lo r adult women,
ing w urlw rs and «n increase
however, has drifted upward
among trade workers.
slightly (from 5.5 to 5.8 per­
“ Industry employment” ,
cent) since tlie last quarter
ayroll employment In tlie
of 1970. This rise occurred
nonagricultural sector avar-
largely among Negro women
aged 70.7 m illio n (seasonally
and causal the jobless rate
adjusted) In the second quarter
for all Negro workers to ad­
9/ 1971. about 100,000 above
vance from 9.2 to 9.9 percent ^
Year’ s firs t quarter but
letween the fourth quarter ot * U I well lelow the 7|.| m il­
1970 and tlie second quarter of lion ijuarterly ,eak attalnod
1971.
The rate (or white
in 1970’ s January - March
workers (5.5 tercent in the period.
second quarter) has teen v ir­
In the goals - producing
tually unchanged since last
industries
(manufacturing,
fa ll.
I he rate of Negro-to-
and mining),
white joblessness was 1.8 to I construction,
in the A p ril - June quarter, employment has shown prac­
compared with 1.7 to 1 in the tica lly no change over the last
2 quarters, after declining
previous quarters.
Quarterly
unemployment substantially over the pre­
In the
rates by occupation and in­ vious 5 quarters.
dustry have also shown lew service - proluclng sector,
descernable tre a ts thus tar m employment continual to rise
1971.
J I« on|y significant in tlie second quarter, but tlie
gain (140,1X10) ' w ,s ,nuil«st
i -z iv z - • -a-.
-
—
Life W ith The Rimples
P O R TLA N D , OREGON 9 7 2 /7
(tO S t 385 25«4
|Proudly Announce Their Grand Opening^
Beginning llm rsd ay , July 8th, through
Sunday, July 18th. F eaturing Ptx>l and
Skill gam es to r fun and recreatio n . In
the record d ep artm en t, we c a r r y a
full line of rec o rd s. O ur gospel s e c ­
tion cannot be duplicated. I’ a r r y
comedy anti rythm and blues. All r e ­
cord p u rch ases of $2.00 o r m ore will
be discounted 1(%. All pool $1.00
p er hour during grand openingcele-
bration. Any record we do not have
in stock, we will get in 48 to 72 h rs.
Check out the reco rd grab box.
We
a re open seven days a week, Monday
through llm rsd a y , 12 noon to 10:00.
F riday and Saturday to 12:00 Mid­
night. Sunday, 2:(X) p .m .to 10:00p.m .
cumpaied with the increases
of the previous 2 quarters
—300,00(1 a i» l 4 6 5 (XXL l e s -
pectlvely
I lie avei age workweek for
production
anti nonsuperw
vtsory wot kers In tie total
private economy remained un­
changed
WELL ,1 M k
\
DARN 6 0 0 0 )
Price« qood ih ru Saturdc
S h o p <^>A n d Save More
Sugar Cured
Tender Smoked
Top Frost
Orange Juice
S I 00
loegy-swaat, tree-ripened
Reg. 2 0
6
Herida Orangt Juice.
(M i
■ Pre-diced 43 lb
t Small size, short «bank Sweet
The number of persons in
¡s m o k y ham fla vo r in every
the civilia n labor force rose
\
MY-TE-FRESH
I der bite
Average hourly earnings of
by 1.9 m illio n in June to 85.0
^ G ra d e AA Large
m illio n .
The rise was less rank-and-file workers o n p ri-
vais nonagricultural payrolls
Boneless Round or
than usual fo r the month, how­
ever , as the early summer weie $3.42 in June up ! cent
influx of youth into the job from May. Compared with a
For a hearty,
year ago, hourly earnings
market was sm aller than in
a
p p e tizin g meal
USDA Choice
_
were up by 21 cents o r 6 5
the past few years. As a
C om pletely w a it« free
w 1
percent.
result, after seasonal adjust­
and tied for easy carving.
I
As a result of the in­
ment, the civilia n labor force
crease
in
the
workweek
and
was down by over 1.0 m illio n ,
the rise in hourly earnings,
V F BOOKER
with nearly all of the change
PRESIDENT
average weekly earnings oc- 1
occurring
among
16-24
year-
Free Checking Accounts with $300 00 Minimum Balance
cur red m all m ajor industry
olds.
The June reduction divisions with the exception of |
Free Checking Service to Senior Citizens (65 or over)
brought the civilian labor
finance, insurance and real
force to its lowest level since
OPEN SATURDAY 10:AM-2:PM
estate.
Comparoi with June
MONDAY-THURSDAY 9-5
FRIDAY 9-6
the summer of 1970.
1970, average weekly earnings
Del Monte Sweetheart
California, Yellow M ealed
The number of employed
MY-TE-FINE
were up by $7.52 or 6 3 per­
persons
rose
770,000
in
June
MAIN OFFICE
cent. During the latest 12-
WALNUT PARK BRANCH
to 795 m illio n , but this in­
2737 N.E. UNION
72S N E. KIUJNQ8WORTH
period
fo r
which
crease was also less than month
Consumer P rice Index data
seasonally expected. Conse­
Reg. 89 lb.
Sweet juicy slice over
quently, after seasonal adjust­ are available — May 1970
Choose
re g u la r or thick sliced,
and May 1971 — the index
Member Federai Deposit Insurance Corp
R e g .69
cereal, for delicious sh o rt­
ment, total employment was
served w ith MY-TE-FRESH Eggs
rose by 4.4 percent.
ca ke or m a k e a fre s h
down by 520,000, with nearly
lu c io u i ready d etsert in
peach pie FREE RECIPES
all of the drop occuring Q uarterly Developments
ea»y to terve fa il pan
among teenagers. Employ­
ment of both men and women
On a quarterly average
20 years of age and over
basis, total employment arxl
was unchanged in June, al­
unemployment (seasonally ad­
though employment of adult justed) have shown relatively
men has risen 400,000 since
little change since the fall
the recent low reached last
of 1970. The overall Jobless
December.
rate, at 6.0 percent in the
A 8«O«$rf8fo tram
Over the year, the civilian
second quarter, was essen­
labor force has grown by
tia lly unchanged from the 5.9
920,000, with three-fifths of
percent rate which prevailed
the rise occurring among
in both the last quarter of
young adult men, many of
Reg 79
1970 and the firs t quarter of
whom were returning vet­
Reg. 6 3 ' 16 oz.
1971. Labor force and em­
12 Oz.
erans. In contrast, total
ployment have risen only
w ith Vapon
employment was about un­
slightly during this period.
changed since last June, as
Reg $1 87 f t f t C
The average workweek has
I m m e d i a t e H e n tu re x '
a moderate employment gain
also remained rather steady
Reg $ 1 .3 9
60 oz.
f
among men 20-24 years of age
S a m e U a y • MMOSTCASES
since last fa ll, though m the
For co o lin g m assage
To relieve acid indigestion, i
was offset by a decline in
Gets
rid
of
bugs
fast.
____
Com« m
10 o n. and W» W.H Try to
manufacturing sector it rose
sore muscles.
Freeie it solid and use like
and heartburn
employment among teenagers
yout Oenlurei by 4 p m
boy
3 months Practically odorless
in both the fir s t and second
No mess, no dripping
and men 25 years and over.
quarters.
Unemployment was up by 820
“ Labor force and total
000 over the year.
’
employment.”
the civilian
labor force edged up 110,000
to 83.7 m illio n (seasonally
Industry Payroll Employment
adjusted
in the second quar­
d u r in g
te r of 1971. This was the
E x tr a c tio n s & F illin g s
The number of wage and
second consecutive quarter In
M e p ia ie re U In e M h e e ii r in « (fe n a tn m r.
salary workers on nonagri-
NO
which the c iv ilia n labor force
cultural payrolls was 715
growth was very sm all, he-
Finance
D e n tu r e
m illio n in June, 490.000 more
tween the second quarter of
REPAIRS
Company
than in May. J he rise wa,
famous (a life risia taker
1970
and the second quarter
1 ta 2 Hour Service
less than the usual May-June
ot Bank
petits. Cheese icon styli ng in
of
1971
the
civilia
n
laborforce
pickup, however, and, after
Io Deal With
decren and cetten er misty
miss»
grew by a total of l.l m illion,
r ra«ce d ^ ^
seasonal adjustment, payroll
heck tip in tluh weeve of 40°,
227-2427 .
with roughly one-third of the
employment wasdown310,000.
nylon and 40% rayan. Sizas
gain being attributable to a
pair
Ihe drop returned employ­
•
- 14 in solid tolars.
reduction
of
the
armed
forces.
S p r tlA n C
( w ith *3 0 0 or
Charge
It“
ment to the February level
The total labor force, which
• A w *• I I v I l S «
more purchase)
660,000 below the alltime peak
d
k
n
t
i
h
t
Street Level
include persons in the A rm «!
reached in March 1970.
Forces in addition to those
Seasonally adjust«! payroll
4 th Ave.
in the c iv ilia n labor iorce,
employment
declines
were
Just say "C h a rg e It ”
Betweei AMet & Watàûgi..
average! 865 m illio n (sea­
O pen 9 a m fo 10pm d aily includ­
wxJesptead among the major
Use
your B a n k A m e ri-
sonally adjusted) In the A p ril-
— SALEM —
PORTLAND
industry divisions. Employ­
ing Sunday.
card
or
m
a
slerch
arg
e
June period— the third con­
ment in manufacturing drop­
StmdlMi eicaeo
fo r a ll y o u r V a r ie t y
secutive quarter at that level.
See
the pages of your telephone book
ped 115,000 in June, following
Bi «NARD (IO C
At 2
/
A p p arel needs
Since the second quarter of
^ ^ ^ ^ S h o p p m g Centers <
for the Fred M eyer Super C enter nearest
small gams in the previous
you.
1970, the total labor force has
Earnings
Chocking Accounts
• Saving Accounts
' Bank by Mail
• Real Estate Loans
• Auto Loans
• Home Improvement
’ Travelers Checks
• Money Orders
• Escrow Service
R
Rump Roast
Bakery
Delicatessen
Produce
Bacon
Peaches
Bakery Savings
282-2216
288-6571
Banana Nut Or
Chocolate Cake
Y o u r S m ile • Y o u r H e a l t h
Y o u r C o n fid e n c e
Lavacol
Unscented
D entaTP lalates
58
39
insect
Certified, s W
Rubbing
Alcohol
33c
Maldroxal
Vaporette
Insect
Bar
67‘
Blue Ice
99‘
No Appointment Needed
Sodium P e n to th a l
SLEEP
S p e c ia l P u rc h a s e
P a n ts
tW W
3
5 1 5 sw
Fred Meyer
Pick Up Your
FREE
Art and Frame
Fair Print at all
Food and Variety