Statement On Jobs – Emergency Labor Network

I enjoyed reading the article Statement On Jobs that I found on the Emergency Labor Network webpage. The statement was published earlier this year.

“The hype is on again in the press that recovery is around the corner. Last month’s jobs numbers are cited as the latest proof of recovery. The economic data puffery will no doubt prove intense in this election year, but a closer look at the facts should temper the false confidence.

After more than four years following the start of the recession in December 2007, and three years after President Obama assumed office, the crisis in jobs in the United States continues as the number one problem of the U.S. economy.

Based on the U.S. Department of Labor’s more accurate latest “U-6” unemployment rate, at the official end of the recession in June 2009 there were 25.4 million jobless; today, more than 30 months later, there still remain 23.4 million without work. That’s a total of only about 67,200 jobs created a month over two and a half years — a monthly number barely half of what is needed to even absorb new entrants into the labor force each month.”

Read the rest of the Statement here.

Explore posts in the same categories: Economics, Labor, Politics, Poverty, Social-Economic Justice, Uncategorized

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