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


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Starting a Local Chapter from Scratch (9pm Eastern)

October 04, 2016 · 6 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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