JUNE 2020 Unemployment Data–the Full Count The BLS estimates that official unemployment may be understated by up to 1%, reflecting measurement problems. (U.S. BUREAU OF LABOR STATISTICS) OFFICIAL UNEMPLOYMENT: 11.1%* [Analyses] White 10.1% African American 15.4% Hispanic 14.5% Asian¹ 13.8% Persons with a disability¹ 16.5% Men 20… Read More Unemployment Data–JUNE 2020
MAY 2020 Unemployment Data–the Full Count (U.S. BUREAU OF LABOR STATISTICS) OFFICIAL UNEMPLOYMENT: 13.3%* [Analyses] “The BLS determines how many people are unemployed based on a household survey. Survey interviewers misclassified several furloughed workers as being “absent from work due to ‘other reasons,’” according to the BLS. That’s the same category of workers who’d be… Read More Unemployment Data–MAY 2020
President Trump’s ability to boast about overseeing an economy in which unemployment reached a 50-year low was short-lived because of the virus-induced economic crisis. But the true story, as pointed out in an editorial note in the February issue of Monthly Review Magazine, is that the administration’s track record on jobs never matched the rosy… Read More Precarious Work in the Pre-COVID Economy
Pointing out that our fight against the deadly coronavirus is comparable to engaging in a war, Robert Leighninger and Harvey Smith assert in their article shared here that New Deal measures to combat the Great Depression equipped the United States for victory in World War II. In today’s war, too, we face mass unemployment. When… Read More The Coronavirus Crisis and Lessons from the New Deal
View this email in your browser Economic Justice, Jobs for All, and the Coronavirus Pandemic Dear Friends and Partners in the Advocacy of Jobs for All, We write to you at this time of national crisis–with compassion and hope for your safety and the future of our country. This dreadful Pandemic is plaguing a nation… Read More Economic Justice, Jobs for All, and the Coronavirus Pandemic
