Jobs and the U.S. Economy: Understanding the February 2013 Unemployment Report

So, what’s not to like about the US economy?  The stock market is making all time (nominal) highs, corporate profits at record levels, housing prices rising – well, maybe there’s still the question of jobs: the lack thereof. 

Today’s BLS jobs report is certainly better than many of those in the past year: 236,000 jobs created compared to the 2011 – 2012 averages, both of which were in the 150 - 155,000/month range. That level of job creation is sufficient to absorb new entrants plus 35 – 40,000 unemployed.  The level of job creation in February would provide about 120,000 jobs above the level of new labor market entrants.  However, the downward revision of the new jobs numbers for January 2013 leaves 2013 YTD with only 60,000/month job creation above the level necessary to provide jobs for new labor force entrants. 

Let’s put these numbers in context: there remain over 12 million officially unemployed and another almost 7 million people classified as “not in the labor force” but stating that they want a job.  Even at the rate of job creation for Feb 2013, it would take 158 months – 13 years – to provide jobs for all who seek them.  The experience of past recessions suggests that the actual number of jobs needed is actually greater than 19 million; when/if job creation picks up after a recession, many people who have given up looking for work return to seeking jobs. 

Another way of putting these numbers in context is to remember that there are 2.5 million fewer people employed today than in Dec 2007, the month that marks the beginning of the Great Recession.  Further, since that date, the same time the labor force has grown by almost 2 million and those “not in the labor force” have grown by 12 million.  Or you can just remember that if these 19 million people were standing shoulder to shoulder, they would stretch from Bangor Maine to Los Angele and back – and there would still be 2 million people not in that line.

When we break down the unemployed by gender, ethnicity and race, we find the long term patterns of unequal labor market access continuing.  While the Great Recession saw heavier job losses among males than females, over the past year males have accounted for 75% of total employment growth.  Comparing unemployment by race and ethnicity, the unemployment rate for African Americans is 13.8% and for Hispanics 9.6% vs. an overall unemployment rate of 7.7% and 6.8% for white workers. 

These are the figures.  But we must always remember that, behind the dry numbers, are stories of dreams destroyed, of families under stress that often exceeds the breaking point, of foreclosed homes because there is no money for the mortgages, and of lost potential for us all, both the unemployed and the employed.

It is, therefore fitting that Rep. John Conyers has announced plans to reintroduce his “21st Century Full Employment and Training Act” and that Rep. Ellison plans to reintroduce his bill that levies a small tax on the trading of financial assets with the revenues targeted to job creation.  DSA has endorsed both of these initiatives (see the national web site for literature on these proposals) and we remain convinced that recovery from the financial crisis and the subsequent economic stagnation requires much, much more than too many of our legislators in Washington have even conceived, much less done.  We must constantly push our political and economic elite to move off the dead end of deficits and instead recognize the needs of our people for full time, living wage employment.

Bill Barclay is on the steering committee of Chicago DSA, the DSA National Member Organizer, and with the Chicago Political Economy Group.

Grassroots Fundraising: Paying for the Revolution (9pm Eastern)

June 23, 2017
· 46 rsvps

Are you new to socialist organizing? Or after many years do you still struggle, raising money from members when you need it but without a steady flow of income or budget to plan ahead? Are you afraid to tackle fundraising because it seems so daunting or you are uncomfortable asking people for money?

In this webinar, you will learn why fundraising is organizing, and how to do it – face to face, through fundraising events, and other ideas.

Join us for our latest organizing training for democratic socialist activists: DSA’s (Virtual) Little Red Schoolhouse.

Instructor:

  • Steve Max, DSA Vice Chair and one of the founders of the legendary community organizing school, The Midwest Academy

Training Details:

  1. Workshops are free for any DSA member in good standing.
  2. You need a computer with good internet access.
  3. Your computer must have preferably headphones or else speakers; you can speak thru a mic or use chat to "speak".
  4. If you have questions, contact Theresa Alt talt@igc.org.
  5. If you have very technical questions, contact Tony Schmitt schmittaj@gmail.com 608-355-6568.
  6. Participation requires that you register at least 21 hours in advance -- by midnight Thursday for Friday's webinar.

NOTE: This training is scheduled for 9:00pm Eastern Time (8pm Central, 7pm Mountain, 6pm Pacific, 5 pm Alaska, 3 pm Hawaii).

Introduction to Socialist Feminism Call

June 27, 2017
· 68 rsvps

Join DSA activist Judith Gardiner to explore “socialist feminism.” How does it differ from other forms of feminism? How and when did it develop? What does it mean for our activism? 9 pm ET, 8 pm CT, 7 pm MT, 6 pm PT.

Data Security for DSA Members

June 27, 2017

Ack! I googled myself and didn't like what I found!

WHAT: A DSA Webinar about "Doxing"
WHEN: 9PM EST, 6PM PST

We're proud of our organizing, and chapter work is transparent for both political and practical reasons. However, there are basic precautions you can take in this time of rapid DSA growth to protect your privacy.

Key Wiki is a website that meticulously documents DSA activity and posts it for the world to see. If you're an active DSA member, likely your name is on their website. This is an example of "doxing".

As DSA becomes larger, more visible, and more powerful, we might expect that more websites like this will pop up, and more of our members' information might be posted publicly on the web.

Join a live webinar on Tuesday, June 27 with data security expert Alison Macrina, to learn:

  1. what is doxing? with examples and ways to prevent it
  2. how to keep your passwords strong and your data secure
  3. where to find your personal info on the internet and how to get it removed
  4. social media best practices for DSA organizers
  5. what to do if you've already been doxed

Zoom Link: https://zoom.us/j/9173276528

Call-in Info: +1 408 638 0968
Meeting ID: 917 327 6528

Film Discussion: Pride

September 10, 2017
· 11 rsvps

Join DSA members Eric Brasure and Brendan Hamill to discuss the British film Pride (2014). It’s 1984, British coal miners are on strike, and a group of gays and lesbians in London bring the queer community together to support the miners in their fight. Based on the true story of Lesbians and Gays Support the Miners. The film is available for rent on YouTube, Amazon, and iTunes. 8 ET/7 CT/6 MT/5 PT.

Film Discussion: Union Maids

September 24, 2017
· 8 rsvps

 

Join DSA member and labor historian Susan Hirsch in discussing Union Maids (1976). Nominated for an Academy Award, this documentary follows three Chicago labor organizers (Kate Hyndman, Stella Nowicki, and Sylvia Woods) active beginning in the 1930s. The filmmakers were members of the New American Movement (a precursor of DSA), and the late Vicki Starr (aka Stella Nowicki) was a longtime member of Chicago DSA and the Chicago Women's Liberation Union. It’s available free on YouTube, though sound quality is poor. 8ET/7CT/6MT/5PT.