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In Case You Missed It: Economic News Roundup

In Case You Missed It: Economic News Roundup

The Economic Policy Institute has released important research about the economy in the past few weeks. Here's a look at some of the key pieces it uncovered about the U.S. economy.

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Economic News Round-Up

Chart courtesy EPI

The Economic Policy Institute (EPI) has released a lot of important research about the economy in the last few weeks.  Here's a look at some of the key pieces it uncovered about the U.S. economy.

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Trumka: Climate Change Solutions Must Emphasize Job Creation

AFL-CIO President Richard Trumka released the following statement on President Obama’s climate change initiatives that he announced yesterday.   

We welcome President Obama’s announcement yesterday that he will work closely with all stakeholders, including labor and business leaders, as well as state governments, as he develops an ambitious plan to address climate change, advance new energy-efficient technology, and create good jobs. As President Obama said in the State of the Union address, the best way to address the twin problems of climate change and a weak economy is for Congress to pass comprehensive energy legislation.

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Report: Not Enough Jobs to Hire Unemployed Workers

Report: Not Enough Jobs to Hire Unemployed Workers

new analysis from the Economic Policy Institute (EPI) of the latest Job Openings and Labor Turnover Survey (JOLTS), released by the U.S. Bureau of Labor Statistics, shows that there was a decline in April for job openings to a total of 3.8 million, while the number of unemployed workers seeking jobs was around 11.7 million. April's level of job openings is more than 16% below where it was in the months before the recession began.

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Look Behind the 175,000 Jobs Created in May

The AFL-CIOyoung workers conference in Minnesota in 2011,  Photo credit AFGE/Flickr

The nation’s economy added 175,000 new jobs in May and the jobless rate slightly increased to 7.6% compared to April’s 7.5%, according to figures released this morning by the U.S. Bureau of Labor Statistics. The 175,000 new May jobs outpaced April’s job growth by 10,000 and marked 38 straight months of tepid job growth. But economists say the growth rate is too slow to fuel a healthy jobs recovery.

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Trumka: Austerity’s Valid as ‘Flat Earth’ Theory

L-R: Sharan Burrow, general secretary, International Trade Union Confederation; Trumka; and Trade Union Advisory Committee General Secretary John Evans. OECD photo.

In Paris on Tuesday, AFL-CIO President Richard Trumka warned the leaders and policymakers of the Organization for Economic Cooperation and Development (OECD) that the financial austerity measures, like those taken by European nations, destroy jobs, increase inequality and likely feed the public’s mistrust of government.

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Texas Legislature Passes Major ‘Buy American’ Measure

Photo sqrpix/flickr

Thanks to what Texas AFL-CIO President Becky Moeller calls a “historic, robust” bipartisan effort, the Texas Legislature approved on Monday a "Buy American" provision for water projects that establishes a preference for iron, steel and manufactured goods produced in the United States. Says Moeller:

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Vets Deserve Better Than Walmart’s $8.81 an Hour

Vets Deserve Better Than Walmart’s $8.81 an Hour

Last week, Walmart said it would speed up its plan to hire returning military veterans that it had announced in January. AFL-CIO President Richard Trumka says Walmart’s latest move “is more about public relations than honoring our heroes.”

We owe it to our returning veterans to make sure they are treated as the heroes they are, rather than as symbols used to ‘greenwash’ Walmart’s eroding brand. After facing enemies abroad, is an $8.81 an hour part-time job the best we can offer returning veterans?

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A Different Way to Understand the Employment Numbers

Friday's employment numbers showed a reasonable gain of 165,000 jobs added to the payroll in April. These are preliminary numbers, as today’s report also shows that the numbers for February and March have now been adjusted upward. So, there is some hope that things may be better than they appear. A separate survey also was released today, based on a survey of households, from which we learned that the overall unemployment rate edged slightly down to 7.5%.

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Jobless Rate Dips to 7.5%, as Economy Adds 165,000 New Jobs

Jobless Rate Dips to 7.5%, as Economy Adds 165,000 New Jobs

The nation’s economy added 165,000 new jobs in April while the jobless rate dropped to 7.5% from March's 7.6%, according to figures released this morning by the U.S. Bureau of Labor Statistics (BLS).

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