SAG President Joins AFL-CIO Executive Council
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The AFL-CIO Executive Council today welcomed a new member, Ken Howard, president of the Screen Actors (SAG). Howard, who was elected to lead the actor’s union in September 2009, replaces former SAG President Alan Rosenberg.
Convening for a one-day meeting in Washington, D.C., the council heard from Ron Bloom, senior counselor to President Obama for manufacturing policy and a former staff member at the United Steelworkers (USW). The council and union leaders have repeatedly called on the Obama administration to quickly enact a national industrial policy to foster and sustain growth in the nation’s manufacturing industries. Increasing our manufacturing capacity is critical as the world prepares to move toward a green economy.
Pollster Celinda Lake also shared the results of polling on the economy and the political implications of a protracted jobs crisis.
Unemployment Reaches 26-Year High of 9.7 Percent
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Some 216,000 U.S. jobs were cut in August, according to U.S. Bureau of Labor Statistics (BLS) data out today. That worsens the unofficial unemployment rate to 9.7 percent, the highest rate since June 1983. The rate was 9.4 percent in July.
If underemployed workers or those who want a job but have given up looking are counted, the broader U.S. unemployment rate stands at 16.8 percent, up from 16.3 percent last month. That means more than 25 million Americans need jobs or full-time work but cannot find it. Worse yet, there now are 5 million long-term unemployed workers, the worst such figure in any recent recession. That means there were nearly six workers looking for every job available.
The 216,000 job loss is the smallest monthly decline since last year. Employers cut 276,000 jobs in July, compared with an average of 691,000 per month in the first quarter.
There is some good news: The economic recovery package has created about 1.2 million jobs, according to an analysis by the Economic Policy Institute (EPI). Without the stimulus package, the monthly job loss would have been double what it was just six months ago.
Unemployment Rate Hits 9.5 Percent—a 26-Year High
The U.S. unemployment rate increased to 9.5 percent in June, a 26-year high, and up slightly from 9.4 percent in May. Some 467,000 jobs were lost in June, according to data released today by the Department of Labor.
The number of long-term unemployed (those jobless for 27 weeks or more) increased by 433,000 over the month to 4.4 million. That is an increase of more than 100,000 over the job loss in May.
This is the 18th straight month of job loss, with 6.5 million jobs gone since the start of the recession in December 2007.
