CBS Evening News - 1975-02-07
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Read a transcript preview of “CBS Evening News - 1975-02-07” from malgent, uploaded on 2023-07-04.
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Language: English (original, YouTube automatic captions)
[0:15] from CBS News headquarters in New York
[0:18] this is the CBS Evening News with Walter
[0:21] Cronkite and in Washington Bob Schieffer
[0:24] Nelson Benton Daniel Shore Marvin Cowell
[0:28] Phil Jones Robert pierpoint and San
[0:31] Clemente David Dao in San Francisco and
[0:34] Bert quint in Lisbon
[0:37] good evening the government delivered
[0:39] the expected bad news today and it was
[0:42] worse than expected the nation's
[0:43] unemployment rate hit 8.2 percent in
[0:46] January seven and a half million workers
[0:49] unable to find jobs that's the highest
[0:51] unemployment rate since 1941 when the
[0:54] nation was emerging from the Depression
[0:56] era a breakdown of last year's
[0:58] unemployment figures shows the rate held
[1:01] relatively steady through the first half
[1:02] of 74 but from October on the monthly
[1:05] climb has been sharp and this past month
[1:08] it went up one full percentage point
[1:10] where will that Rising graph stop
[1:13] President Ford thinks it is just about
[1:15] to level off that unemployment won't get
[1:18] much worse Bob sheeper reports
[1:21] White House spokesman Ron Nelson says
[1:23] the president's advisor still believe
[1:25] that unemployment will Top out at about
[1:26] eight and a half percent and still won't
[1:29] reach that point until the middle of the
[1:30] Year Nelson says the president and his
[1:33] economic experts discussed several
[1:34] courses of action today that could be
[1:37] taken if the situation gets worse he
[1:39] would not say what those proposals were
[1:41] it is clear the president is not ready
[1:43] yet to endorse that plan put forward
[1:45] earlier this week by Senator javitz and
[1:47] Senator Williams who won an 8 billion
[1:49] dollar program to cre