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Job-Related News     Social Security  Legislation-MinWage

JOB-RELATED NEWS updated October 3, 2014

Unemployment data--September 2014 graph: unempl> 6mos.   CBPP 9/14 Analysis

    Baker, CEPR, 10/3/14 "This is the first time it has been below 6.0 percent since July of 2008. It has fallen by 1.3 percentage points over the last year. While employment is up by 2,330,000 over the last year, much of the decline in the unemployment rate is due to people leaving the labor force. The labor force participation rate is down 0.5 percentage points from its year-ago level. The employment-to-population ratio (EPOP) has risen by just 0.4 percentage points over the last year and has remained fixed at 59.0 percent over the last four months, more than 4.0 percentage points below its pre-recession level.....The economy added 248,000 jobs in September. This growth, along with upward revisions to the prior two month's data, brings the 3-month average to 224,000. The gains were broadly based, but the biggest gainers were retail (35,300), employment services (33,600), health care (22,600), professional and technical services (21,100), and restaurants (20,400).....By education level, workers with less education have been the biggest gainers."

    Gould EPI 10/3/14"The unemployment rate fell in September by 0.2 percent points, from 6.1 to 5.9 percent. There was also a decrease in the sheer number of unemployed people—down 329,000 from August. On its face, this sounds like good news.

    At the same time, the employment-to-population ratio has remained 59.0 percent for four months running. If the unemployment rate dropped and the employment-to-population ratio remained the same, the missing part of the puzzle is the labor force participation rate. In September, the labor force participation rate dropped to 62.7 percent. The last time the labor force participation rate was this low was February 1978. And, the biggest drop in labor force participation was among prime-age workers, 25-54 years old.

    Over the last year, the labor force participation rate fell 0.5 percentage points. Therefore, it’s not surprising that missing workers—potential workers who are neither working nor actively seeking work due to the weak labor market—are at an all-time-high of 6.3 million. The vast majority of them (3.4 million) are 25 to 54 years old." See graphs

    Stone CBPP, 10/3/14 "The litany of labor market indicators with further room for improvement — that is, “slack” — is well known.  At 5.9 percent, the unemployment rate remains about a half point higher than the Fed’s and most other analysts’ estimates of the lowest sustainable rate that we could achieve.  Many people who want to work and would be working if the labor market were stronger have stopped looking until their job prospects improve, so they are not counted among the unemployed.  Indeed, the labor force shrank in September, contributing to the fall in unemployment.  In addition, many people working part-time jobs would prefer full time work if it were available.

    Under these conditions, employers have faced little pressure to raise wages.  Moreover, a significant share of the wage increases that they’ve provided has been offset by increases in workers’ productivity (output produced per hour worked). .... Consequently, employers have been able to widen their profit margins significantly, even in the face of weak demand for goods and services that limited their ability to raise prices.  Labor compensation has fallen as a share of total income while the share going to profits has risen."

    Burtless, Brookings, 10/3/14 "As usual, virtually all the job growth took place in the private sector. Public payrolls grew just 12,000 last month, and job gains in the public sector over the past year have averaged only 4,000 a month. In the same period, private employers added 216,000 payroll jobs a month......Indeed, the labor force participation rate touched a new low in September, notwithstanding the strong and fairly steady job gains of the past year.... One reason jobless adults may be staying on the sidelines is anemic wage growth.... suggests that employers’ bargaining power remains exceptionally strong."

    Durdin, Zero Hedge, 10/3/14 "While by now everyone should know the answer, for those curious why the US unemployment rate just slid once more to a meager 5.9%, the lowest print since the summer of 2008, the answer is the same one we have shown every month since 2010: the collapse in the labor force participation rate, which in September slid from an already three decade low 62.8% to 62.7% - the lowest in over 36 years, matching the February 1978 lows.""Hiring Grandparents Only": 230K September Jobs Added In 55-69 Age Group; 10K Lost In Prime, 25-54 Group"

Witness Wednesdays, Stories of the Unemployed

State, Met. Area Employment and Unemployment Data, BLS, monthly

Interactive map: Unemployment rates by state, BLS; also WSJ

Interactive map: Job loss by state. EPI

Geography of Recession chronological map of unemployment rates by county

Annual State-by-State Unemployment, Underemployment 2003-2012

At Amazon.com "cheap" comes at a very hefty price, Hightower 8/14

Report Uncovers the Real Costs of Outsourcing Public Services, JwJ 3/14

Do You Have Job Fear? What's WhyWe Need Full Employment, Johnson CAF 8/13

Millions of Americans live in extreme poverty, Matthews, 5/13

The Missing Workers--How Many Are There and Who Are They?, Shierholz, EPI 4/13

Going Nowhere: Workers Wages since the Mid-1970s, TCF, 1/13

Are We Winning the War on Poverty? Landy, TCF 9/12

No Relief in 2012 from High Unemployment for African Americans and Latinos EPI, 2/12

How Do States' Safety Net Policies Affect Poverty? Wheaton et al, Urban Instit, 9/11

Who Has Benefitted from the Post-Great Recession Recovery? Sum &McLaughlin 7/11

Global Employment Trends 2013, ILO 1/13

Jobs Missing in the Great Recession. 12/11

Downturn Continues to Lower Union Membership, Zipperer, CEPR 1/11

How Government spent your income taxes, National Priorities Project

Unemployment Insurance Extension May Be Short-Lived, Bloom, WDL10/10

International Unemployment Rates and Employment Indexes 2008-2009, BLS

The Stagnating Labor Market Jayadev & Konczal, Roosevelt Institute 9/10

The Good, the Bad and the ERGly, Stecker, NJPP 9/10

How America Can Create Jobs, Andy Grove, Intel, BW 7/10

SF Labor Council demands U.S. enforcement of treaties & laws ensuring Full Employment, Right to a Job & Union Rights, 3/10

Jobs Crisis Fact Sheet, A.Turner, 3/10

How a New Jobless Era Will Transform America, D.Peck,, Atlantic, 3/10

Many highly profitable companies cut jobs in 2009, Orr, EPI 12/09

"Generation Recession," Ratner, the Nation, 11/09

The safety net and the recession, Mishel, EPI, 10/09

Unions and Other Community Groups Benefit Local Economic Development 8/09

The Great Recession of 2007-2009: PostWW II Record Impacts on Rising Unemployment& Underutilization Problems, Sum & al, 7/09

Work-Sharing May Help Companies Avoid Layoffs, Greenhouse, NYT 6/09

Work Sharing--an Alternative to Layoffs for Tough Times, Ridley, CLASP 3/09

Welfare Aid Isn’t Growing as Economy Drops Off, NYT, 2/09

Where Homes Are Cheaper Than Cars: Bankruptcy Weighs Heavily on Real Estate, Timiraos, WSJ 6/05

Why labor law doesn't work for workers, Bacon [EFCA], 3/09

Illegal Firings During Union Election Campaigns, CEPR 3/09

Interactive map: Unemployment rates by state

Conference Board Employment Trends Index

Median income rose as did poverty in 2007 2000s have been extremely weak for living standards of most households, Bernstein, EPI 8/08

The medicare myth that refuses to dieLorinc, Globe and Mail, 8/08

Dr. Wall Street: How the American Health Care System Got So Sick, Brecher, 7/08

Equality in Job Loss: Women Are Increasingly Vulnerable to Layoffs During
Recessions, US Congress, JEC , 7/08

Job Opportunities for the Green Economy: A State-by-State Picture of Occupations that Gain from Green Investments, Pollin & Wicks-Lim

Woe is the American Worker, Waldman, Am. Prospect, 12/07

What We’re In For: Projected Economic Impact of the Next Recession, Schmitt & Baker, 1/08

The Good, The Bad, and the Ugly: Job Quality in the United States over the Three Most Recent Business Cycles, Schmitt, CEPR, 11/07

Typical families see income and earnings decline, Irons, EPI, 9/07

Bridging the Gaps:A Picture of How Work Supports Work in Ten States, 10/07

No-Benefit Jobs Leave Parents Struggling, H. Boushey, Sojourners, S/O 07

CEO pay: 364 times more than workers, 8/07

Neither Free Nor Fair:The Subversion of Democracy Under NLRB Elections,7/07

Americans' ambivalence about the economy, Mishel et al, 6/07

Unemployment may depress immune function, 4/07

Making the Federal Minimum Wage a Living Wage , R. Pollin, 6/07

A Tale of Two Time Periods for Low-Income Families, Bernstein, 6/07

The Gender Pay Gap is the Smallest on Record—Not Necessarily Good News 9/06

Jobs for All: The Key to Rebuilding after Katrina, Kochan, CAP

Data--employment, earnings, family income, hours, prices, unionization

The Bush Tax Cuts, 3/07

99 Percent... are Net Losers Under Bush Tax and Spending Policies 6/06

The Middle Class on the Precipice, by Elizabeth Warren, Harvard Mag.,J/F 06

What's wrong with the economy? Mishel & Eisenbrey, 12/05

Without defense-related spending private sector would still be in a jobs hole 8/05

Finding the better fit: Receiving unemployment insurance increases likelihood of re-employment with health insurance, Heather Boushey

Ownership Society--Social Security Is Only the BeginningWray, Levy Inst.

U.S. workers enjoy far fewer vacation days than Europeans, EPI, 8/05

Injuries to All [workplace injuries]

Whatever Happened to Private Pensions? C. R. Morris, TCF, 2/06

Whoops! There Goes Another Pension Plan M.W. Walsh, NY Times , 9/18/05

Riding into the Sunset [retirement], Wm Greider, Nation, 6/05

Productivity growth and profits far outpace compensation in current expansion, EPI. April 21, 2005

Corporate America Pulling Back Pension Safety Net, LA Times, 5/15//05

Government Budget Calculator, CEPR

The Permanent War Economy: Real Security or False Promise? NJFAC Resource written by ministers for church bulletins.

International comparisons: Beyond the U.S. model, EPI; Book chapter

The Rise in Job Displacement, 1991-2004, Crisis in Manufacturing, CEPR, 8/04

Middle-Class Tightrope, Jacob Hacker, August 2004

Miltary Spending and Jobs: A Quiz

The Job Market--Down and Out in White-Collar America, Fortune, June, 2003

Special Report 4: The Permanent War Economy: Real Security or False Promise? C. Bell, S. D. Collins, H. L. Ginsburg, and M. Malloy

Job Deficits Deepen as Budget Deficits Explode, by Gregory DeFreitas

Poison pill: Why the new reform bill will make Medicare's problems bigger--and even harder to fix, J. S. Hacker & T. R. Marmor, Boston Globe, December 7, 2003

The Savings from an Efficient Medicare Drug Plan, D. Baker, 1/06

"Jobs for All": Another Dream of the Rev. Dr. Martin Luther King, Jr. by Mathew Forstater 

Innocent Fraud, by John Kenneth Galbraith

Better than Money: Alternatives to GDP, Nordic New Network

National Jobs for All Coalition
P.O. Box 96
Lynbrook, NY 11563

Email: njfac [at] njfac.org

The National Jobs for All Coalition is a 501(c)(3) tax exempt organization.