San José, CA – On Friday, January 7 the U.S. Department of Labor released its last report on the 2021 job market. There were only 199,000 new jobs created, less than half of what economists and the business media expected. Most types of jobs showed slower growth, and there were 10,000 jobs lost by local governments. Despite strong job growth in 2021, there were still 3.6 million fewer jobs in December as compared to February 2020, right before the last recession began.
San José, CA – Fifty years ago, on August 15, 1971, then-President Nixon ended the U.S. dollar’s link with gold. This marked a retreat from the economic supremacy of the United States after World War II. Less than four years later, the fall of Saigon marked a defeat for the United States and a turning point in U.S. domination of the developing world.
San José, CA – On Saturday, July 31 members and supporters of the Northern California Unemployed Committee or NCUC rallied to protest the coming end of federal unemployment benefits set for September 6. Speakers pointed out how 9 million unemployed people will be losing their benefits and the rest will have their payments cut in half.
Oppressed nationalities hit more than twice as much as US whites
San José, CA – On Wednesday, July 20 the National Center for Health Statistics released their provisional report on lifespans in 2020. The report found that the COVID-19 pandemic, which has killed more than 600,000 people in the United States, lowered the lifespan by one and half years in 2020. This is the worst drop since World War II. Lifespans have generally increased over time, but this sets the trend back almost 20 years to 2003.
San José, CA – On Saturday, June 12, four Republican-led states cut off three federal unemployment benefit programs. These were the Federal Pandemic Unemployment Compensation or FPUC which provides a $300 per week supplement to regular benefits, the Pandemic Unemployment Assistance, or PUA for self-employed and gig workers, and the Pandemic Emergency Unemployment Compensation or PEUC, for the longer-term unemployment who state benefits have run out. This means that 370,000 who have lost work in Alaska, Iowa, Mississippi and Missouri will be losing their benefits starting next week.
San José, CA – On Saturday, June 12, four Republican-led states cut off three federal unemployment benefit programs. These were the Federal Pandemic Unemployment Compensation or FPUC which provides a $300 per week supplement to regular benefits, the Pandemic Unemployment Assistance, or PUA for self-employed and gig workers, and the Pandemic Emergency Unemployment Compensation or PEUC, for the longer-term unemployment who state benefits have run out. This means that 370,000 who have lost work in Alaska, Iowa, Mississippi and Missouri will be losing their benefits starting next week.
San José, CA – On Friday June 4, the U.S. Department of Labor monthly report on the job market for May 2021 showed that 559,000 new jobs were created, bouncing back from the poor showing the month before. But the economy remained down 7.6 million jobs from February 2020, when the recession began. If job creation continues at the same rate as in May, it would still take until summer of 2022 to reach the pre-pandemic level.
San José, CA – On Friday, May 7, the U.S. Department of Labor reported that businesses added 266,000 workers. This was only one-quarter of the additional 1 million jobs that economists had predicted. This
