Daily Archives: August 6, 2022

2022-08-06: News Headlines

Staff (2022-08-05). Economy Adds 528,000 Jobs as Unemployment Ticks Down to 3.5 Percent. cepr.net The good news is that all the reports about workers' wages not keeping pace with inflation were mistaken. The bad news is that wages are growing at a pace that exceeds the Fed's 2.0 percent inflation target.

TeleSUR (2022-08-05). US Unemployment Down 3.5 Pct in July Despite Recession Fears. telesurenglish.net U.S. employers added 528,000 jobs in July despite recession fears, with the unemployment rate edging down to the pre-pandemic level of 3.5 percent, the U.S. Labor Department reported on Friday. | Job growth was widespread, led by gains in leisure and hospitality, professional and business services, and health care, according to the report released by the department's Bureau of Labor Statistics (BLS). | RELATED: | T…

_____ (2022-08-05). Chile's Draft Constitution: Undemocratic—or Too Much Democracy? popularresistance.org Chileans will vote in September on whether to approve a new constitution that promises to address inequality and lack of democracy (Reuters, 7/4/22). It would replace the present constitution imposed by the dictatorship of Gen. Augusto Pinochet, who came into power through a US-backed coup in 1973. The nation's newly elected left-wing leadership is calling for a "yes" vote, although in the much-divided country, the constitution faces steep opposition from the right. | US and Western editorialists are also pushing for a no vote. Opposition to the constitution's economic changes should be expected; of course conser…

Saruh Almendarez (2022-08-05). Philadelphia's deadly heatwaves: urban heat islands and capitalist inequality. liberationnews.org As the number of extreme heat days per year continues to rise, working-class residents become increasingly more vulnerable to health-related problems such as dehydration, heat exhaustion, and heat stroke.

Carson Minow (2022-08-05). U.S. July unemployment numbers hit new low. america.cgtn.com The United States added more than half a million jobs in July, a much better figure than expected. The unemployment rate also dipped to 3.5% last month, a number not seen since before the Covid-19 pandemic, and a figure that represents a half-century low. It's …

Julia Conley (2022-08-05). Fetterman Celebrates 1 Million Individual Donations Ahead of Return to Campaign Trail. commondreams.org "The total number of contributions is a major milestone that demonstrates Fetterman's unmatched and steady grassroots support across the commonwealth."

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