Jobless hit by end to Extended Unemployment Compensation (EUC)

San José, CA – For the second month in a row, the Department of Labor employment report was weak, with only 113,000 new jobs created in January. Combined with the revised 75,000 jobs created in December, the two month average was only 94,000 new jobs each month, less than half the average increase in 2013 of more than 190,000. While the recession officially ended in the summer of 2009, there are still 850,000 fewer jobs than when the recession began in December of 2007.

Labor Force Participation Rate drops to 35 year low

San José, CA – On Sept. 6, the Labor Department announced that the official unemployment rate dropped to 7.3% in August, down from 7.4% in July. But even though 110,000 fewer people were working in August than July, 310,000 people gave up looking for work and were no longer counted as unemployed. The Labor Force Participation Rate, or the fraction of the adult population who are either working or looking for work, fell to 63.2%, the lowest since August 1978.

On Oct. 3, the Department of Labor reported that 263,000 jobs were lost in September, an increase of 50,000 over the jobs lost in August. So far more than 7 million jobs have been lost since the recession began in December of 2007. The official unemployment rate rose to 9.8% in September, from 9.7% in August, double the 4.9% unemployment rate when the recession began. This is the highest level of unemployment since 1983. These facts show that despite the talk of a ‘recovery’ in the corporate media, there is not recovery for working people.