"The economy lost jobs for the ninth
consecutive month in September, with the pace accelerating to
159,000 jobs. This was the largest one-month fall since March
of 2003...The unemployment rate for black men jumped 1.6 percentage
points to 11.9 percent, the highest rate since February of 1994.
By education level, the least educated workers are feeling the
worst effects of the recession. Unemployment among workers without
high school degrees is at 9.6 percent...."
Jobs
Byte,D. Baker, CEPR, 10/3/08
"We interrupt the financial
meltdown to remind you that the nation’s payrolls have
been contracting for nine months in a row....Unemployment was
unchanged over the month, as an increase in the number of the
jobless (up 101,000) was offset by a decline in the labor force
(down 121,000)."
Jobs
Picture, J. Bernstein, EPI, 10/3/08
"Further action is critical to restore
the housing and mortgage sector. The rescue plan before Congress,
whatever its merits in addressing the instant problems in the
credit market, does not effectively address the value of the
underlying assets that got this problem rolling. As CAP has
outlined, creating a mechanism that ensures the restructuring
of home mortgages to help homeowners, but most critically, to
restore value to the economy, is a vital step to get the economy
moving."
CAP Ettlinger, Logan 10/3/08
Left
Behind in the Labor Market:Problems of the Nation’s
Out-of-School,Young Adult Populations, Ctr for Labor Market
Studies, Northeastern Univ, Nov. 2002
The
National Jobs for All Coalition is a project of the Council
on Public and International Affairs.
National
Jobs for All Coalition
c/o Council on International & Public Affairs [CIPA]
777 United Nations Plaza, Suite 3C
Tel:
212-972-9877. fax is 212-972-9878.
NY, NY 10017
