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JOB-RELATED NEWS updated January 9, 2015

Unemployment data--December 2014 graph: unempl> 6mos.   CBPP 1/9/15 Chart Book

    Baker, CEPR, 1/9/15 "The unemployment rate edged down... However, the main reason was that 273,000 workers reportedly left the labor force. ....The widely touted November jump in wages was almost completely reversed, with the December data showing a 5 cent drop from a downwardly revised November figure.....On the whole, this is clearly a very positive report with the strong December jobs number (even if inflated by weather) coupled with upward revisions to the prior two months. However, quit rates are still very low and wage growth remains weak. This should remind the public of how far the labor market has to go before making up the ground lost in the recession."

    Gould EPI 1/9/15"Over 70 percent of the decline in the number of unemployed people between November and December was due to a drop in the labor force.....Even with the decline in labor force participation, the unemployment rate in December 2014 remains elevated compared to 2007, which had an average rate of 4.6 percent. ....no one demographic group has been spared by the weak economy. Compared to 2007, unemployment is elevated for groups that typically face higher-than-average joblessness, such as people of color, younger workers, and those with only a high school degree. But unemployment is disproportionately higher (i.e. the ratio between the years is larger) for those with a college degree or working in “Management, professional, and related occupations.”...if we look at the first half of 2014, we see that wages fell for almost every decile and every education category. See the chart below for the education story. If there’s no wage pressure among workers at the highest level of education and at the highest wages, there’s really going to be no pressure at the bottom." See graphs

    Stone CBPP, 1/9/15 "Today’s jobs report shows a labor market that strengthened significantly in 2014, but one that still bears scars from the Great Recession and subsequent federal budget cuts and other austerity policies that perpetuated a severe jobs slump even as the economy and business profits began to recover. ....Although unemployment fell sharply in December the labor force actually shrank as more people dropped out than found jobs.....The job losses incurred in the Great Recession have been erased.  There are now 2.4 million more jobs on private payrolls and 2.0 million more jobs on total payrolls than at the start of the recession in December 2007.  Because the working-age population has grown since then, however, the number of jobs remains well short of what is needed to restore full employment.....Long-term unemployment remains a significant concern.  More than three in ten (31.9 percent) of the 8.7 million people who are unemployed... have been looking for work for 27 weeks or longer. "

    Burtless, Brookings, 1/9/15 "Employers added 252,000 to their payrolls in December capping the best year for employment gains since 1999.....According to the latest employer survey, nominal wage gains were a bit slower in 2014 than they were in the previous three years. The worry that a lower jobless rate is a precursor to accelerating wage inflation seems almost comically premature. "

    Zero Hedge, 1/9/15 "When it comes to the US labor force, while the schism between full- and part-time workers has finally made the mainstream and will be even more acute in 2015 when the full impact of Obamacare forces most small and medium business to reallign their workforce, another even more important shift is taking place in the US: young (those workers in their prime age, under 54) versus older workers (those 55 and over). It is a shift which is critical as it confirms that the labor participation rate collapse is not due to demographics but due to secular economic reasons..." Labor Participation Rate Drops To Fresh 38 Year Low

    Economic Populist, 1/9/15 "The December unemployment rate dropped on almost half a million more people considered not part of the labor force.  The official unemployment rate is now 5.6%, a -0.2 drop from last month.  The labor participation rate went back to 38 year record lows and is 62.7%.  From a year ago, the number of people considered not in the labor force has increased by 1.2 million those considered employed grew by 2.7 million.  Most in the press will proclaim this is a great employment report, yet the over quarter of a million monthly drop in the labor force size is most disconcerting."

Witness Wednesdays, Stories of the Unemployed

Union membership rate in 2014 is 11.1 percent, down from 11.3 percent in 2013

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

Global Wage Report 2014/15, ILO

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

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
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Lynbrook, NY 11563

Email: njfac [at] njfac.org

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