EMPLOYMENT: Slim Pickings for the Class of '76

James Foss, 23, got his bachelor's degree in industrial management from Michigan's Lawrence Institute of Technology last July. He expected to go to work for one of the major automakers, but neither they nor 50 other companies that Foss approached were interested. Then he learned that he could qualify for a typist's job at Michigan Bell Telephone Co. if he could manage 45 words a minute, and today he is studying typing at a community college near Detroit. The $139-a-week job is no sure thing, but Foss is hopeful: "I'm up to...

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