By FRANK STRICKER In July, the official Bureau of Labor Statistics unemployment rate fell to 3.5%. It has not been that low since the first months of 2020 before the pandemic began. But unemployment rates were still quite high for African Americans (6%), teens (11.5%), and especially for black teens (20.3%). 1. Why Aren’t Even… Read More Recession Yet? The Jobs Report for July, 2022
July 2022 Unemployment Data–the Full Count (U.S. BUREAU OF LABOR STATISTICS) OFFICIAL UNEMPLOYMENT: 3.5%*[ANALYSES by EXPERTS] White 3.1% African American 6.0% Hispanic 3.9% Asian¹ 2.6% Persons with a disability¹ 7.8% Men 20 years and over 3.2% Women 20 years and over 3.1% Teens (16-19 years) 11.5% Black… Read More Unemployment Data–JULY 2022
By L. Randall Wray The mainstream consensus is that slow economic growth is a supply-side problem while inflation is a demand-side problem. In the run-up to the COVID downturn, the media’s favorite economist, Larry Summers, warned of long-term secular stagnation. Pundits attributed this to a variety of supply-side factors, including slow growth of the labor… Read More Raising Interest Rates Is the Wrong Medicine for Today’s Inflation
By Philip Harvey From its founding in 1994, the goal of the National Jobs for All Network* has been a federal government commitment to ensure the availability of useful, living-wage work for every job seeker in the country—regardless of local or national economic conditions. Chief among the sources of inspiration for our goal is President… Read More NJFAN and a 21st Century Economic Bill of Rights
Noreen Connell: Why She Joined the Fight for Women’s Rights and Economic Justice By Sheila Collins Noreen Connell, a long-time NJFAN activist and member of both the Board and Executive Committee, has had a distinguished career as an advocate for women’s rights and employment equity. She holds a Masters in Sociology from the New School.… Read More Noreen Connell: Why She Joined the Fight for Women’s Rights and Economic Justice
