June Jobs Report: More of the Same

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The labor market remained sluggish in May.  Unemployment rose from 7.5 percent to 7.6 percent, while the nonfarm payroll increased by 175,000.  Much of the job growth was concentrated in retail, food services, drinking places and temporary help.  Manufacturing fell slightly.

The growth in employment is at about the same rate as it has been over the last year.  This rate is simply not enough to make headway against the huge damage done by the financial panic and recession that started in late 2007.  The key measure of labor market health, the employment-to-population ratio, remains stuck at 58.6 percent.  That ratio has been at this level since 2010.  On the eve of the recession the employment-to-population ratio was over 63 percent.  In the 2001 recession this measure never fell below 62 percent. 

The economy remains in deep trouble.  We are treading water.  Growth is barely covering population increases.  The human cost of the recession continues.  The simple logic of the numbers is that we have made no progress. 

While the stock market reaches new highs, the labor market is stuck.  While corporation profits continue to rise, millions of workers are caught in unemployment or a part-time job.

In recent months, the continuing employment crisis has impacted not only the unemployed and discouraged workers; it also has impacted the rest of us, in the form of lower wages.  On Wed., June 5 the Bureau of Labor Statistics released its revised report on productivity and hourly labor compensation for the first quarter of 2013.  In the first three months of the year, hourly labor compensation actually fell at an annual rate of 3.8 percent.  This is the largest quarterly drop since records began in 1947.  In real terms the decline is 5.2 percent at an annual rate. 

Faced with this continuing challenge, what policies are being followed by the national government?  Unable to move out of Congressional deadlock and caught in the dead end of sequestration, the federal government is now actually making the problem worse.  The latest job report shows an actual decline of 14,000 federal jobs in the last month, a decline of over 50,000 jobs in the last year.  At a time when the federal government should be mounting an aggressive jobs program to put millions back to work, it is instead destroying jobs.  The logic is baffling.  It is time for a change.

The Humphrey-Hawkins 21st Century Full Employment and Training Act (HR 1000) now has 36 co-sponsors. Is your representative one of them?   

Joe Persky teaches economics at the University of Illinois at Chicago and is the president of the faculty union there.  Cartoon courtesy of Carol Simpson http://www.cartoonwork.com

LGBTQ Conference Call

February 20, 2017
· 44 rsvps

DSA is in the process of forming an LGBTQ Working Group. This call will cover a discussion of possible activities for the group, its proposed structure, assigning tasks, and reports on the revision of DSA's LGBT statement and on possible political education activities. 9 pm ET/8 pm CT/7 pm MT/6 pm PT.

 

DSA New Member Orientation Call

February 22, 2017
· 36 rsvps

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; 6pm MT; 5 pm PT.  

What Is DSA? Training Call

March 03, 2017
· 28 rsvps

If you're a new DSAer, have been on a new member call, but still have questions about DSA's core values/strategy/core work and how to express these ideas in an accessible way to the media, as well as to friends, family and others who might be interested in joining DSA, this call is for you. 

We will talk through the basics of DSA's political orientation and strategy for moving toward democratic socialism, and also have call participants practice discussing these issues with each other. By the end of the call you should feel much more comfortable thinking about and expressing what DSA does and what makes our organization/strategy unique. 8 pm ET; 7 pm CT; 6 pm MT; 5 pm PT. 70 minutes.

Feminist Working Group

March 07, 2017
· 13 rsvps

People of all genders are welcome to join this call to discuss DSA's work on women's and LGBTQ issues, especially in light of the new political reality that we face after the elections.  9 pm ET; 8 pm CT; 7 pm MT; 6 pm PT.

LGBT Activism: A Brief History with Thoughts about the Future

April 01, 2017
· 2 rsvps

Historian John D'Emilio's presentation will do 3 things: Provide a brief explanation of how sexual and gender identities have emerged; provide an overview of the progression of LGBT activism since its origins in the 1950s, highlighting key moments of change; and, finally, suggest what issues, from a democratic socialist perspective, deserve prioritizing now. 1 pm ET; 12 pm CT; 11 am MT; 10 am PT.

  1. This webinar is free for any DSA member in good standing.
  2. You need a computer with good internet access.
  3. Your computer must have headphones (preferred) or speakers; you can speak thru a mic or use chat to "speak".
  4. If you have questions, contact Peg Strobel, peg.strobel@sbcglobal.net.
  5. If you have technical questions, contact Tony Schmitt, schmittaj@gmail.com, 608-355-6568.

Film Discussion: Documentaries of People's History in Texas

April 02, 2017
· 20 rsvps

Join DSA members Glenn Scott and Richard Croxdale to discuss videos produced by People’s History in Texas (PHIT), a project that brings to life the stories of ordinary people in significant socio-political movements in Texas. They will discuss The Rag, their newest documentary, which tells the story of an influential underground paper based in Austin, Texas, from 1966-77. Click here to view Part I (the early years as an all-volunteer paper covering the student, anti-Vietnam and Civil Rights movements), Part II (the impact of Women’s Liberation on the paper) and Part III (building community: covering local politics, nukes, co-ops, feminist institutions). But also check out the video on the Stand-Ins about a group of university students who led a movement to desegregate Austin’s movie theaters in 1961. 8 ET/7 CT/6 MT/5 PT.