Coalition Concerned About Effect of Pulte-Centex Merger on Homeowners
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Robert Masciola, deputy director of the AFL-CIO Center for Strategic Research, shares this recent action by workers and their allies at Pulte Homes and Centex Corp. shareholder meetings.
In Pontiac, Mich., and Dallas yesterday, workers, community leaders, homeowners and other supporters of the Building Justice campaign came together to voice their concerns about the merger between Pulte Homes and Centex Corp. The merger will create the largest homebuilding company in the United States.
Building Justice is a partnership of the Painters and Allied Trades union (IUPAT), the Sheet Metal Workers (SMWIA), the AFL-CIO, Pulte homeowners, community members and elected officials to improve conditions at Pulte developments. Members of the coalition staged rallies in Pontiac (Pulte) and Dallas (Centex) to coincide with shareholder meetings in each city to approve the merger.
539,000 Jobs Lost in April—Don’t Let Them Tell You This Is Good News
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Have you heard the one about the recession being over?
New data out today show 539,000 workers lost their jobs in April and the nation’s unemployment rate worsened to 8.9 percent, from 8.5 percent in March, according to the U.S. Labor Department. Jobs lost in April were spread across nearly all major private-sector industries. Jobs lost include 149,000 in manufacturing; 110,000 in the construction industry; 122,000 in professional and business services; and 47,000 in the services industry.
Even more worrisome, the number of long-term unemployed (those jobless for 27 weeks or more) worsened by 498,000 to 3.7 million over the month and has risen by 2.4 million since the start of the recession in December 2007.
The official unemployment rate is bad. But the real unemployment rate is far worse. If those who are underemployed or who want a job but have given up looking are counted, the U.S. unemployment rate stands at 15.8 percent—more than 25 million Americans.
So it looks like the pundits who claim this Bush-instigated recession and the jobless bleed it created is over, haven’t talked with the millions of unemployed U.S. workers.
