(2022-01-10). Job market stumbles to end 2021. fightbacknews.org San José, CA – On Friday, January 7 the U.S. Department of Labor released its last report on the 2021 job market. There were only 199,000 new jobs created, less than half of what economists and the business media expected. Most types of jobs showed slower growth, and there were 10,000 jobs lost by local governments. Despite strong job growth in 2021, there were still 3.6 million fewer jobs in December as compared to February 2020, right before the last recession began. | The official unemployment dropped 0.3% to 3.9%. Normally this would be getting close to full employment, which has only happened five times in t…
(2022-01-09). Inaction On Tax Credit Condemns Millions Of Children To Poverty. popularresistance.org Working-class families are faced with an extra burden as the new year begins — the expiration of the expanded child tax credit. The expansion provided support for families struggling during the pandemic by changing some key factors of the already existing credit. Namely, the expansion increased the annual amount per child from $2,000 to between $3,000 and $3,600, it paid the credit in monthly installments rather than in one lump sum, and it expanded the full benefits of the credit to families who previously had been ruled ineligible due to their income being too low. | On the same day that the CTC expansion…
(2022-01-09). Sudan's prime minister resigns amid lethal military crackdown on protests. wsws.org The political crisis takes place as the economy faces collapse under the impact of the pandemic, with growing unemployment, 360 percent inflation and soaring food prices.