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January 1983, Vol. 106, No. 1

Collective bargaining in 1982:
results dictated by economy

George Ruben

Economic difficulties for labor, management, and the Nation continued in 1982, as the rate of unemployment rose to the highest level since 1940, the rate of business failures rose to the highest level since the Great Depression, and factory use fell to the lowest level in the 35-year history of the statistical series.

As the year ended, some economic indicators showed improvements, but the unemployment rate continued to rise. As a result of the mixed economic signals, there was no consensus on whether the country was coming out of the recession and, if so, how strong the recovery would be and how long it would last.

This excerpt is from an article published in the January 1983 issue of the Monthly Labor Review. The full text of the article is available in Adobe Acrobat's Portable Document Format (PDF). See How to view a PDF file for more information.

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