The Michigan Daily-Saturday, September 6, 1980-Page 5
Unemployment decreases;
food costs increase again
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From AP and UPI
WASHINGTON-The nation's unem-
ployment rate dropped to 7.6 per cent of
the labor force in August, better than
expected, while wholesale prices
surged again, the government reported
b yesterday.
-Carter administration officials said
the decline in joblessness from 7.8 per
cent in July probably means unem-
ployment will not be as bad this year as
tley had predicted.
But the teen-age jobless rate in-
creased from 19 per cent to 19.1 per
cent, while the minority youth unem-
ployment rate rose nearly a full percen-
tage point to 37.4 per cent.
PRESIDENT CARTER, addressing a
panel of the U.S. Conference of Mayors,
said, "If the young people are going to
have faith in us, we've got to keep faith
with ,them." He urged passage of a
youth employment bill now before
.Congress.,
The overall decline in unemployment
may indicate a quick end to the
recession, administration officials said,
since mahufacturing employment was
on the rebound.
While the jobs report was good news,
a 1.5 per cent rise in wholesale prices in
August, coming on top of a 1.7 per cent
increase in July, was. bad news.
Most of the August increase was,
blamed on food prices, which rose 4.4
per cent, the most for any month in
seven years, and that in turn was
blamed on the severe drought that
heavily damaged crops and livestock in
much of the nation.
ADMINISTRATION ECONOMISTS
warned consumers to expect higher
prices at their food stores in the im-
mediate future. But, they said, con-
sumers can take comfort that non-food
prices rose only 0,7 per cent, which they
said shows underlying inflation is con-
tinuing to ease.
Energy prices increased for the first
time in three months, up 0.2 per cent, as
the price of home heating oil rose 0.8
per cent. The price of gasoline fell for
the third month.
Referring to both the jobs and in-
flation reports, Stephen Goldfeld, a
member of President Carter's Council
of Economic Advisers, said, "I guess on
the balance of the two pieces of news,
we come out a bit more favorable than
not."
He said the jobs report, coupled with
other recent positive economic
developments, indicates the current
recession might end sooner and be less
severe than most forecasts had predic-
ted, including the administration.
In another development, four of the
nation's major banks, headed by
Citibank of New York, Friday raised
the prime lending rate they charge
their most credit-worthy corporate
customers from 11.5 per cent to 12 per
cent. Also boosting the rate were Chase
Manhattan, First National of Chicago
and Harris Trust Co.
Em,'m
- V
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JACKSONVILLE, N.C.
(AP)-Marine Pfc. Robert Garwood,
who faces charges of desertion and
collaborating with the enemy in Viet-
nam, was arrested yesterday and
charged with two counts of felony child
abuse, Onslow County Magistrate
Margaret Murrill said.
Garwood was charged with attem-
pting to commit sexual abuse by force
against a 7-year-old girl and with com-
mitting and attempting to commit a
sexual offense on the body of the girl.
Ms. Murrill said.
BOTH INCIDENTS allegedly oc-
curred on or about Aug. 7, 1980, she
said.
No details about the incidents were
immediately available.
Garwood was released on $10,000.
bond. He was scheduled to appear in
District Court in Jacksonville at 9 a.m.
Monday for his first appearance on the
charges. A date will be set at that time
for a hearing.
GAtRWOOD, A 34-YEAR-OLD In-
diana native, is awaiting court-martial
on charges he deserted and
collaborated with the enemy in Viet-
nam.
Selection of a six-member jury for
molesting child
his court-martial was concluded on peared near Danang in 1965. After
Thursday and testimony is tentatively resurfacing in Hanoi last year, he said
scheduled to begin Sept,17. he had been held prisoner for all those
Garwood returned to the United years.
States early last year after spending However, several former POWs said
almost 14 years in Vietnam. they encountered Garwood in the prison
camps of North Vietnam. They said. he
A 10th-grade dropout, Garwood sometimes carried a gun and bragged
joined the Marines at age 17 and was a of being an officer in the North Viet-
19-year-old jeep driver when he disap- namese army.
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