CBS Evening News - 1991-03-08
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Read a transcript preview of “CBS Evening News - 1991-03-08” from malgent, uploaded on 2026-01-21.
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Language: English (original, YouTube automatic captions)
[0:00] Americans
[0:06] by the hundreds of thousands join the
[0:08] unemployment lines. A controversial new
[0:11] law to keep sex offenders off the street
[0:13] and homecoming day for American
[0:15] soldiers.
[0:19] This is the CBS Evening News. Dan Rather
[0:22] reporting. Good evening. Postwar
[0:24] euphoria ran up against the latest dose
[0:26] of economic reality today. The nation's
[0:29] unemployment rate has surged to a 4-year
[0:31] high, 6 and a.5%. That means almost half
[0:35] a million more Americans out of work,
[0:37] and it spells recession. The Federal
[0:39] Reserve today cut a key lending rate to
[0:41] try to stoke up the economy. But the
[0:43] growing numbers of unemployed are
[0:45] finding that they not only have to wait
[0:47] for work, they have to wait longer for
[0:49] benefits. Business correspondent Ray
[0:51] Bradley has a report.
[0:53] location.
[0:55] >> In bitter Midwest cold, they line up at
[0:57] 7 a.m. outside the unemployment office
[1:00] in Fort Wayne, Indiana.
[1:05] Often, it's the start of a long 4-hour
[1:07] wait to file a claim or ask the
[1:10] question, "Where's my unemployment
[1:12] check?"
[1:14] >> I've had one check in 7 weeks since I've
[1:17] been unemployed.
[1:19] >> Across the country, unemployment
[1:21] officers are on overload. Long lines and
[1:23] late checks are standard fair. Federal
[1:26] cutbacks left offices understaffed,
[1:29] unprepared to handle the recessions
[1:32] swelling flood of laidoff workers
[1:35] >> right now. I'm sitting in limbo. I don't
[1:37] know what's going on.
[1:39] >> It's a very serious problem and I think
[1:42] if steps are not taken by the federal
[1:44] government and by state governments to
[1:46] shore up the system, it could very well
[1:48] turn into a crisis.
[1:50] >> For man