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Economic News Roundup

Economic News Roundup

The Economic Policy Institute (EPI) 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 Roundup

Economic News Roundup

The Economic Policy Institute (EPI) has released a lot of 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.

Read more and comment »

Walmart: Portrait of a Job Killer

Making Change at Walmart, photo via Facebook

Whenever communities, lawmakers or activists question or criticize Walmart for the way it treats workers—the low-pay, the stores’ impact on the communities—the retail giant pulls out a well-worn script with a simple message, “Walmart creates jobs and if there’s one thing this economy needs, it’s more jobs.”   

Setting aside the quality of the jobs for another day, is Walmart telling the truth?

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Something Is Fundamentally Wrong

President Obama continued his visits to different parts of America to discuss the economy. This is his attempt to use the Bully Pulpit of the Presidency to direct a national dialogue. The president said, “There are no simple tricks to grow the economy. What we need is a serious, steady, long-term American strategy that reverses the long erosion of middle-class security and gives everyone a fair shot to get ahead.”

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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.

Read more and comment »

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.

Read more and comment »

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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