(2020-09-04). US joblessness crisis worsens as nearly 900,000 file new unemployment claims. wsws.org Millions of families' daily existence has been reduced to the struggle for bare necessities as hunger continues to grow.
(2020-09-04). Stocks fall as numbers collecting unemployment benefits rise. fightbacknews.org San José, CA – On Thursday, September 3 the U.S. stock market took its biggest fall since in three months. The Dow Jones Industrial Average dropped more than 800 points, or almost 3%. The broader S&P 500 index fell more than 3%, while the tech heavy NASDAQ index fell almost 5%. All of these measures of the stock market had been at or near record highs until their share drop. | On the same day, the Labor Department released their weekly report on unemployment insurance. While the usual seasonally adjusted measure of new claims for regular state unemployment insurance fell, it was not really comparable to the previ…
(2020-09-04). Economy Adds 1.4 Million Jobs in August, Unemployment Falls to 8.4 Percent. cepr.net Even with strong job growth the last four months, we have recovered less than half the jobs lost due to the pandemic. The August employment report showed the economy again adding back jobs at a strong rate. The reported gain of 1,371,000 somewhat overstates underlying strength since it includes the addition of 238,000 temporary Census …
(2020-09-04). Stagehands to hold Labor Day "Push for $600" in Michigan. fightbacknews.org Grand Rapids, MI – Joining other unions across the United States on Labor Day, IATSE union stagehands are holding a "Push for $600" on Monday, September 7, 11 a.m. near the Gerald R. Ford Museum. Currently there are 29 million workers receiving some form of unemployment across the U.S. | "There are no concerts, theater performances, in-person meetings or conventions for stagehands to work at and we need the $600 to pay our bills. Economists and industry owners are saying we cannot start work again until spring 2021 or later," said Josh Roskamp, business agent for the stagehands union IATSE Local 26. | Roskamp c…
(2020-09-04). Less Than Half of Jobs Lost at Start of Pandemic Have Been Recovered. truthout.org The August employment report showed the economy again adding back jobs at a strong rate. The reported gain of 1,371,000 somewhat overstates underlying strength since it includes the addition of 238,000 temporary Census jobs. However, even without these jobs, the gain would still be over 1.1 million. The unemployment rate dropped 1.8 percentage point to 8.4 percent, while the employment-to-population ratio (EPOP) rose 1.4 percentage point to 56.5 percent. (The Bureau of Labor Statistics warns that due…
(2020-09-04). US economy gains 1.4M jobs; unemployment falls to 8.4%. yenisafak.com The unemployment rate in the US dropped to 8.4% in August as the economy added 1.4 million jobs, the Bureau of Labor Statistics said Friday.Data reflected the continued resumption of economic activity that was curtailed due to the coronavirus pandemic and efforts to contain it, which pushed job losses to the Great Depression-era levels.The unemployment rate declined by 1.8% from 10.2% in July and the number of jobless Americans fell by 2.8 million to 13.6 million.August marks four consecutive months of the decline in both areas.The unemployment rate fell below 10% for the first time since March."In August, an inc…
(2020-09-03). American Workers Have Been Given a Raw Deal Throughout the Trump Era. counterpunch.org Although Donald Trump has repeatedly claimed that American workers are "thriving" during his presidency, this contention rings hollow. The mishandled coronavirus pandemic, of course, has created levels of unemployment, hunger, and misery in the United States not seen since the Great Depression. But even in the years before the pandemic, when Trump claimed he had
(2020-09-03). In the Worst of Times, the Billionaire Elite Plunder Working Class America. counterpunch.org 
In the midst of a global pandemic, unprecedented economic collapse, mass unemployment, hunger and desperation, the stock market is booming and the richest of the rich are richer than ever before. Since March, more than 58 million people in the U.S. have filed for unemployment. The Internal Revenue Service now predicts that the U.S. economy
(2020-09-03). Why Evicting Millions During a Pandemic is Bad For Our Democracy. aclu.org As the COVID-19 pandemic stretches on, people across the country face the economic devastation left in its wake. Along with staggering unemployment numbers, millions of renters now
(2020-09-03). Medicare for All Advocate Finds Universal Healthcare Mandates in Islam. commondreams.org "Kassem continues her work building support for Medicare for All, especially in communities of color that make up 59% of the nation's uninsured," writes Quigley. (Photo: Aaron P. Bernstein/Reuters) | www.commondreams.org/sites/default/files/styles/cd_special_coverage/public/views-article/thumbs/m4a.jpg …
(2020-09-03). Either Raise Taxes on Wealthy to Fund Recovery or Expect Years of 'Grinding Recession,' Argues Nobel Prize-Winning Economist. commondreams.org Failing to increase taxes on the rich to support recovery will lead to "cutbacks in basic services that will weaken our social fabric and harm our potential for years to come." | www.commondreams.org/sites/default/files/styles/cd_special_coverage/public/headline/thumbs/billionaires_1.jpg …
(2020-09-03). Total Initial UI Claims Have Risen in Each of the Last Four Weeks. commondreams.org "Most people on UI are now are forced to get by on the meager benefits that are in place without the extra payment, benefits which are typically around 40% of their pre-virus earnings," writes Shierholz. (Photo: Olivier Douliery/AFP via Getty Images) | www.commondreams.org/sites/default/files/styles/cd_special_coverage/public/views-article/thumbs/unemployment_7.jpg …
(2020-09-02). Women bear the brunt, as COVID erodes progress on eradicating extreme poverty. news.un.org The coronavirus pandemic and its fallout will likely push 47 million more women into poverty, reversing decades of progress to eradicate extreme poverty, new data released on Wednesday by the UN has revealed.
(2020-09-02). Congress Urged to Enact 'Emergency Charity Stimulus' to Unlock Profits of the Rich to Serve Common Good. commondreams.org "The world of philanthropy must step up and do more, faster. Congress must insist on it." | www.commondreams.org/sites/default/files/styles/cd_special_coverage/public/headline/thumbs/getty-covid-nonprofit-stimulus.jpg …
(2020-09-01). Architects Build Society's Cage On National Mall In Bold Statement On Racial Strife. popularresistance.org A group of five designers at the internationally known SmithGroup Architecture firm set up a metallic cubic structure on the National Mall to frame the struggle of Black Lives in America. The public display titled "Society's Cage" is a 14 foot cube pavilion timed for the 57th anniversary of the March On Washington and is made from the hidden components of sky scrapers. It depicts an architect's visualization of ongoing racial inequality in the United States and asks the question, "What is the value of Black life in America?" | The cube is constructed from 484 vertical rusted conduit pipes attached to a large meta…
(2020-09-01). COVID-19 Is A Great Unequaliser. popularresistance.org Rome – Any of the first names that the media reported as having Covid were those of the rich and powerful, from movie stars to political leaders. Be ye ever so high, the virus is above thee — or so it seemed. | Now we understand that this perception, that came in part because at first only the wealthy and well-connected were getting tested, was misleading. The data is now crystal clear: Covid risk maps on to inequality, and Covid is a great unequaliser — in health, and in wealth. | But just as the initial "optimistic" take about Covid — that it would equalize us — got it wrong, so too the…
(2020-09-01). Devastation of Indian Economy Started with Demonetisation, says Congress Leader Rahul Gandhi. sputniknews.com New Delhi (Sputnik): India's principal opposition party, Congress, has been attacking the government led by Prime Minister Narendra Modi on various issues including high oil prices, unemployment and the ongoing economic slowdown. Congress has also criticised the government's $266 billion stimulus plan to mitigate Covid-led disruptions.