On Thursday, January 20, the U.S. Department of Labor reported that the number of new claims for unemployment insurance rose for the second week in row, to more than 280,000 for the week of January 10-15. This is up almost 40% from the beginning of January. While much of this may be caused by the spike in COVID-19, there have been other signs of economic weakness that started to show up in December.

“Terrible” report shows signs of economic weakness

San José, CA – On Friday, January 14, the U.S. Department of Commerce reported that retail sales dropped 1.9% in December 2021. This number was called “terrible” by economists, who expected a very slight drop of 0.1%. Since the retail sales report is not adjusted for inflation, sales discounting higher prices fell almost 2.5%.

San José, CA – On Wednesday, January 12 the U.S. Bureau of Labor Statistics reported that prices of consumer goods rose 7% in 2021. This is the highest rate of inflation in 40 years. With workers’ wages only up by 4.7% last year, the purchasing power of workers’ earnings fell by more than 2%.

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 Jose, CA – Community members rallied November 20 to demand justice for Black Lives Matter protesters who were gunned down by Kyle Rittenhouse in Kenosha, Wisconsin. Rittenhouse was acquitted on all counts.

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 Jose, CA – On the evening of June 5, 250 protesters gathered at the San Jose City Hall for another vigil for Demetrius Stanley. Stanley was killed on the night of May 31, after attempting to defend his home from two plainclothes police officers, who never announced themselves as police to him.

San Jose, CA – 100 people rallied to demand justice for the vendors of the Berryessa Flea Market in San Jose on June 3. Vendors' jobs are at risk since the Berryessa Urban Village Plan aims to do away with the 120-acre area the flea market has resided in for over 60 years.

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 Jose, CA – Protesters gathered at San Jose City Hall, June 1, for a candlelight prayer vigil, as well as a march, after the murder of Demetrius Stanley by the San Jose Police Department. San Jose residents, including the family and friends of Demetrius Stanley, arrived at around 7 p.m. Led by B.L.A.C.K. Outreach and HERO Tent, they introduced the program, explaining what led to the murder of Stanley by SJPD. In addition, they allowed community members to express their anger. One community member stated, “The same laws that allow those pigs to kill us, were written 300 years ago. The whole system has to go.”

San Jose, CA – Over 400 demonstrators gathered at the Peace Corner of San Jose, May 10, and marched through Santana Row demanding an end of the occupation of Palestine. The organizers of the action responded to the pogrom in Sheikh Jarrah, Jerusalem, and demanded justice.

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 left the economy down more than 8 million jobs from February of 2020, right before the economic crisis started. At the current rate it will take the economy more than two and half years to gain back the lost jobs Women have been harder hit by the recession, and the gap with men widened in April as all of the net new jobs went to men.

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 left the economy down more than 8 million jobs from February of 2020, right before the economic crisis started. At the current rate it will take the economy more than two and half years to gain back the lost jobs Women have been harder hit by the recession, and the gap with men widened in April as all of the net new jobs went to men.

San Jose, CA – More than 500 people marched through downtown San Jose for the annual May Day event. On one side of the street, hundreds of cars carrying Mexican flags and flags of the United Farm Workers Union drove by and honked in support. The May Day Coalition of San Jose organized the march and invited dozens of speakers from various community and labor organizations to raise issues important to their community. The community groups marched from Roosevelt Park to San Jose City Hall.

San Jose, CA – On April 24, the Northern California Unemployed Committee, or NCUC, marched in support of the fight against police crimes in the wake of the conviction of Derek Chauvin for the murder of George Floyd.

San Jose, CA – On Sunday, April 11, at 2 p.m. Pacific / 5 p.m. Eastern, the Freedom Road Socialist Organization is hosting an online program about the wave of violence against Asian Americans; violence which led to the recent massacre of eight people, six of whom were Asian American women near Atlanta, Georgia.