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Economic News Roundup

Economic News Roundup

The Economic Policy Institute (EPI), the Center for Effective Government and Citizens for Tax Justice (CTJ) have released important research about the economy in the past few weeks. Here's a look at some of their key findings....

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Ohio Working Families Remind Speaker John Boehner to Renew Unemployment Insurance

Photo courtesy of Michael Gillis, Ohio AFL-CIO

A group of Ohio working families staked out House Speaker John Boehner's district office yesterday, reminding him he needs to renew unemployment insurance for the more than 2.8 million workers and counting who lost this vital lifeline. In Ohio, 65,000 unemployed workers lost these benefits. 

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Encouraging Economic Leadership

Fed Chair Janet Yellen

This week, Janet Yellen made her second major speech as chair of the Federal Reserve Bank. Again, her talk as chair is fresh air compared with what is typically heard from Fed chairs. During her first speech in April in Chicago, she actually called out the names of specific unemployed workers—putting a human face on the real effects of Fed policy.

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Economy Adds 192,000 Jobs in March, Unemployment Rate Remains at 6.7%

Economy Adds 192,000 Jobs in March, Unemployment Rate Remains at 6.7%

The economy added 192,000 jobs in March, but the unemployment rate remained at February’s 6.7% level, according to figures released this morning by the U.S. Bureau of Labor Statistics. March’s job gain outpaced February’s 175,000 increase but is still far short of what is needed to dig the economy out of the job hole left by the Great Recession.

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Senate Fails to Renew Emergency Unemployment Aid

Senate Fails to Renew Emergency Unemployment Aid

AFL-CIO President Richard Trumka released this statement after a procedural vote on extending emergency unemployment insurance benefits failed in the Senate:

Today the Senate once again failed to approve an extension of emergency unemployment insurance, 40 days after the benefit was allowed to lapse. The bill fell short by one Republican vote. 

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Trumka: Failure to Extend Unemployment Insurance Is 'Shameful'

Photo courtesy Senate Democrats

On Tuesday, AFL-CIO President Richard Trumka joined Sen. Jack Reed (D-R.I.) to call on the Senate to pass Reed's bill that would reinstate extended unemployment insurance benefits for three months, retroactive to December. In the 38 days since the benefits lapsed for workers who have been unable to find jobs for more than six months, 1.7 million job seekers are without much-needed payments. A preliminary vote is set on the Reed bill Thursday, with Republicans expected to continue filibustering the benefit extension. If the bill fails, more than 3 million additional Americans are expected to lose benefits by the year's end.

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