June Jobs Report: Better, but Millions of Workers Still on the Edge

By Joe Persky

PayrollJune2014-1.jpg

The June employment situation is largely consistent with recent trends.  It is not remarkable, but those recent trends are better than what we had become used to in the years following the deep losses of the 2007-2009 recession.  Employment over the last year has risen 2.5 million, while employment growth for the last three months has averaged about 270,000 jobs, as the economy recovered from the harshest months of the winter. The report today suggests that the 2014 first quarter GDP decline of 2.9% was not a sign of major weakening, but rather the result of the bad weather early in the year.         

The unemployment rate in June was 6.1%, down from 7.5% a year ago.  That said, the stickiness of the employment population ratio at 59.0% remains a harsh reminder that the “new normal” leaves millions of workers on the edge.  The employment population ratio is up only 0.5% since 2009 and still down 4% since 2007. 

The economy continues to tread water, without making significant progress.  The federal government refuses to provide the stimulus required by the situation.  Federal employment continues to fall, while state and local employment are recovering slowly.  Overall government employment remains below its 2007 level. 

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Joe Persky teaches economics at the University of Illinois at Chicago and is the president of the faculty union there. He is a founding member of CPEG. 

 

 

 

 

 

 

 

Individually signed posts do not necessarily reflect the views of DSA as an organization or its leadership. Democratic Left blog post submission guidelines can be found here.

 


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commented 2015-04-21 03:50:51 -0400 · Flag
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Starting a Local Chapter from Scratch (9pm Eastern)

October 04, 2016 · 7 rsvps
Webinar, RSVP required for sign in information

So you are now a member of DSA, but there is no local chapter where you live. You are thinking of starting a local chapter, but you're not quite sure how to do it.

In Starting a Local Chapter from Scratch you will learn:

  • how other locals got started in recent years
  • how to find out who is already a member
  • the importance of a comrade
  • how to recruit new members
  • the importance of a mentor
  • how to become a recognized organizing committee
  • how to become a chartered local
  • what works best to bring new people in.

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 607-280-7649.
  5. If you have very technical questions, contact Tony Schmitt schmittaj@gmail.com 608-355-6568.
  6. You can participate in every webinar or just attend once in a while.
  7. Workshops will generally be on weekends or evenings.
  8. Participation requires that you register at least 45 hours in advance -- by midnight Sunday for Tuesday's webinar.

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

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DSA New Member Orientation Call

October 19, 2016 · 17 rsvps
DSA New Member Orientation

You've joined DSA - Great. Now register for this New Member Orientation call and find out more about our politics and our vision.  And, most importantly, how you can become involved.  8 PM ET; 7 PM CT; 6 PM MT; 5 PM PT.

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