Fight Back! News

News and Views from the People's Struggle

economiccrisis

By Masao Suzuki

_Senate Democrats Promise an Extension Next Week But Nothing is Said About 99ers _

San José, CA – On July 15, the U.S. Department of Labor reported that another 250,000 unemployed were cut from federal unemployment insurance rolls. In the last three weeks alone, almost one million unemployed people were cut from the Federal Emergency Unemployment Compensation (EUC) and Extended Benefits (EB) programs. These programs provide benefits for people out of work for more than six month who can no longer collect state unemployment insurance benefits.

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By staff

St Paul, MN – On July 8, members of the Welfare Rights Committee (WRC) gathered outside the Ramsey County welfare office, holding signs and passing out fliers urging people to hold the candidates for office, especially the governor’s office, accountable to the poor, unemployed and homeless.

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By Masao Suzuki

San José, CA – On July 8, the U.S. Department of Labor reported that almost 350,000 unemployed were dropped from federal unemployment insurance rolls. This is the second week in a row that the number of Americans collecting Federal Emergency Unemployment Compensation (EUC) and Extended Benefits (EB) has dropped by more than 300,000. Funding for these programs has run out, and Republicans in the Senate have blocked a vote to provide moneys for federal unemployment insurance benefits. As a result, jobless workers are getting cut off of their federal unemployment insurance benefits by the hundreds of thousands each week.

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By Masao Suzuki

Weak Employment Report Adds to Fears of “Double-Dip” Recession

San José, CA – On Friday, July 2, the U.S. Department of Labor reported that 125,000 jobs were lost in June. While the official unemployment rate fell from 9.7% in May to 9.5% in June, this was due to the 650,000 people that gave up looking for work and were no longer counted as unemployed. These signs of weakness in the labor market followed reports that housing and car sales were also weak in June. Altogether these reports increase the danger that the economy could slide back into a “double-dip” recession.

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By Masao Suzuki

Democrats refuse to use reconciliation process

San José, CA – On June 24, Republican Senators, along with Nebraska Democrat Ben Nelson blocked a vote on extending Federal Unemployment Insurance benefits. After the 57-41 vote to end debate (60 votes are needed in the Senate to stop arguing and start voting), Democratic Senate leader Harry Reid of Nevada pronounced the measure dead.

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By Tracy Molm

Phyllis Walker, president of AFSCME 3800 speaking at June 14 press conference

Minneapolis, MN – Today 25 staff, faculty, graduate and undergraduate held a press conference to speak out against the University of Minnesota administration’s continued attempts to push budget cuts onto students and the lowest paid staff at the U.

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By Masao Suzuki

Only 41,000 New Jobs Created by Businesses in May

San José, CA – On June 4, the Department of Labor reported that there were 431,000 more jobs in May than the month before. But almost all of these new jobs were temporary workers hired for the 2010 Census. Only 41,000 jobs were added by businesses, down sharply from the 218,000 private sector job gain in April. This number was far worse than the 150,000 new jobs that economists expected private businesses to add in May. And of these 41,000 new private sector jobs, 31,000 were temporary help service workers. Despite the job gains this year, the economy is still down some 8 million jobs since the recession began in December of 2007.

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By Masao Suzuki

San Bruno, CA – In March, 162,000 new jobs were created, according to a monthly survey of businesses taken by the Labor Department. This was the largest number of new jobs created in a month in three years. This positive report may be a sign that the labor market has finally turned a corner following the worst recession in 70 years.

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By Masao Suzuki

_The Good, the Bad and the Ugly _

Protesters block road to protest factory closure in Moline, IL.

San Bruno, CA – On Feb. 5 the Department of Labor released their report on the January 2010 job market. The good news in the report was that the official unemployment rate fell from 10.0% in December to 9.7% in January. This is the biggest drop in the unemployment rate since the recession began in December 2007.

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By Adam Price

Three picketers protesting Bank of America in Newark

San José, CA – On Friday, Jan. 8, the Labor Department reported that 85,000 more jobs were lost in December of 2009. This was much worse than mainstream economists predicted and shows that another ‘job-loss’ recovery may be underway. Following the last official recession in 2001, the economy began to grow in November of 2001 but workers continued to lose jobs until the summer of 2003.

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