San José, CA – More cracks showed up in the U.S. economic expansion as the May employment report saw a gain of only 75,000 net new jobs, less than half what most economists expected. In addition, the Labor Department revised the job creation numbers down by 75,000 for March and April. Over the last four months the economy has added new jobs at a rate of 130,000 per month, much less than the 223,000 new jobs added each month on average in 2018.

Minneapolis, MN – “The area we were in was an opposition neighborhood, but nobody’s leaving their houses. The news in the U.S. is saying people are flocking to the streets because they’re ‘being liberated’, but no one’s leaving their houses. It was so untrue it was shocking,” said Tracy Molm, to about 40 community members gathered to hear her firsthand account of the events of April 30 in Caracas, Venezuela.

San José, CA – On Tuesday, May 7, the Dow Jones Industrial Average (DJIA) fell almost 500 points, or close to 2%. This came following President Trump’s tweets on Sunday threatening to escalate the trade war with China on Friday if he couldn’t get a trade agreement done. While the U.S. stock market largely shrugged off this news on Monday, statements by his economic advisors convinced investors that his threats are for real.

San José, CA – On Friday, April 26, the Bureau of Economic Analysis (BEA) issued its first report on economic growth in 2019. The country’s Gross Domestic Product, or GDP, which measures the total production of goods and services, grew at a 3.2% annual rate during the first three months of the year (January to March). This was stronger than most economists expected.

San José, CA – On April 21, the Trustees of Social Security and Medicare released their annual report. The report includes a projection that the Social Security benefits will be greater than income next year for the first time since 1982. The Social Security trust fund, which has grown to almost $3 trillion, will start to be tapped for the first time.

To mark the April 22, 1870 birthday of Russian revolutionary Vladimir Lenin, Fight Back News Service is circulating the following excerpt from his 1918 book, The State and Revolution.

San Jose, CA – Friday, March 22 was a day of good news, bad news, and ugly news.

Tampa, FL – United Parcel Service released their fourth quarter earnings last month, beating Wall Street’s expectations with almost $5 billion in profit for 2018. Through a combination of opening new automated sorting facilities, purchasing more air cargo planes, and exploiting employees with low pay and long hours, UPS had an extremely profitable holiday season. The company is optimistic for profits in 2019 and moving into the future. For workers, however, the future does not look so bright.

Bust follows boom under capitalism

San José, CA – The New Year is starting off much the way 2018 ended: with U.S. stocks being hammered again. On Thursday, January 3, the Dow Jones Industrial Average (DJIA) fell more than 600 points, the technology heavy NASDAQ fell more than 200, and the broad S&P 500 fell more than 60 points. All the averages fell more than 2% to put the year into the red.

Trump administration makes bad situation worse

San José, CA – On Monday, December 24, all three major stock market indices smashed the old records for declines on Christmas Eve. The Dow Jones Industrial Average (DJIA) fell more than 650 points or 2.9%, more than twice the 100 year record set back in 1918 when it fell 1.1%. The broader S&P 500 fell 2.7%, to close more than 19% from its record high, and less than 1% away from the 20% drop that would put it in bear market territory and ending an almost ten-year bull market in stocks.