The Labor Department on Friday reported the unemployment rate in January fell to 3.4 percent, its lowest level since May 1969. The last year the U.S. jobless rate was so low, Neil Armstrong walked on the moon.
The last year the U.S. jobless rate was so low, Neil Armstrong walked on the moon, Vietnam War peace talks began in Paris and the Beatles gave their final performance on a London rooftop.
The backdrop for the economy in both years included involvement in an overseas war, violence at home, racial tensions and a politically divided nation. When Nixon took office in January 1969, he declared in his inauguration speech that Americans “cannot learn from one another until we stop shouting at one another.”At his first news conference, Nixon vowed to lower the rising inflation rate, which had climbed to 4.4 percent .
Still, the economy added just 90,000 jobs in May 1969 . Government officials said the slowdown in job growth was “a sign that Nixon’s efforts to brake the nation’s economy” to fight inflation “are taking effect,” the AP reported.But, as now, employers were having a hard time finding workers in some industries, such as restaurants. The server shortage is “the worst ever,” said one Omaha restaurant owner. “We can run ads for two months and not even get a call,” he told the Omaha World-Herald.
Meanwhile, across the pond, on July 1, Prince Charles was crowned the 21st prince of Wales at the 600-year-old castle in the royal borough of Caernarfon. “The slim young man of 20, ermine-mantled” and dressed in a “high-collared blue uniform knelt before his mother the Queen,” the Guardian Journal reported. The Royal Regiment of Wales band played the tune, “Charlie Is My Darling.” This May 6, Charles will be crowned king at London’s Westminster Abbey.
Americans were already dealing with the aftermath of other high-profile deaths. That year, James Earl Ray was sentenced to 99 years in prison after pleading guilty to the 1968 murder of the Rev. Martin Luther King Jr. in Memphis. In California, Sirhan Sirhan was found guilty of murdering Sen. Robert F. Kennedy in Los Angeles in 1968 and sentenced to prison for life.
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