Join Tweet-a-Thon and Expose the Chamber of Commerce Friday
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Get set to join a tweet-a-thon Friday, at 10 a.m. EST, to help launch the #notmychamber campaign spearheaded by the worker advocacy group, American Rights at Work.
If you are on Twitter, starting at 10 a.m., sign the organization’s “Not My Chamber” act.ly petition at http://act.ly/1cc or by tweeting: RT @araw petition @chamberpost: The U.S. #Chamber doesn’t represent me. It’s Not My Chamber! http://act.ly/1cc #notmychamber (RT to sign!)
If you don’t use Twitter (and can understand nary a word of the previous paragraph), you can sign the “Not My Chamber” pledge here: www.notmychamber.org. Already, 20,301 people and 3,102 business owners have signed the pledge.
The Rich Are Different. They Have Jobs
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Goldman Sachs, one of the Wall Street firms that got the H1N1 flu shot well ahead of millions of America’s school children, sent this health tip in a memo to its pampered, out-of-touch execs: “Resist the urge to open your own car door; let your driver do it.”
Yo, Jeeves. While you’re at it, dust around the edges of those massive CEO pay packages. Because according to a report released today by the Government Accountability Office (GAO), top executives at four companies that jettisoned their employee pension plans received $49.5 million in retirement and severance benefits in the years before the companies filed for bankruptcy, while retirees saw their benefits cut by as much as two-thirds.
Yet Wall Street bankers are making that cash flow keeps coming: Yesterday, writes David Dayen, Senate Republicans bowed low before their corporate masters and delayed a move by Sen. Chris Dodd (D-Conn.) to immediately take up a bill that would freeze all credit card rates, charges and fee increases.
Canada’s Experts Skewer Shoddy Study on Employee Free Choice
Opponents of the Employee Free Choice Act often claim the legislation would hurt employment. They base that falsehood on a study paid for by the U.S. Chamber of Commerce and its cronies, which purports to examine the effects of majority sign-up on the labor market in Canada.
Now, a devastating new critique shows the bought-and-paid-for “study,” by consultant Anne Layne-Farrar, is “misleading and poorly supported”—and that’s the nicest thing they could find to say. Just Labour, the Canadian labor-studies journal, features a series of articles on the Layne-Farrar piece by the experts who best know Canada’s labor market.
Among them, Noreen Pupo, director of the Center for Research on Work and Society at York University, says:
We refute efforts by business lobbyists opposing the [Employee Free Choice] Act to manipulate Canadian data and experience for purposes of defeating any strengthening of collective bargaining systems in the U.S. The vested interest of these business lobbyists in the continued erosion of collective bargaining in America has led them to misrepresent the Canadian experience.
Trumka: Jobs Crisis—Fix It Now
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Today at the Economic Policy Institute (EPI), AFL-CIO President Richard Trumka and other leaders joined together to call for urgent action to create jobs and rebuild the economy.
In a live webcast panel discussion, the consensus was clear: Without quick action, an entire generation could be mired in economic turmoil. The nation can, and must, put people back to work—while addressing critical needs for the future of our communities.
The scale of the jobs crisis is obvious: Since the beginning of the recession, more than 8 million jobs have been lost. The official unemployment rate is at 10.2 percent, with more than 26 million unemployed or underemployed. These figures are even more severe among African American and Latino communities. Young people are at risk of permanently stunted opportunity, and the jobs crisis is rebounding throughout the country with increased hunger and poverty, massive numbers of home foreclosures and diminished access to health care.
Trumka to Launch Jobs Initiative Tomorrow
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Tomorrow morning, AFL-CIO President Richard Trumka will announce a major new initiative to create and save jobs.
(Watch the live webcast at www.aflcio.org/createjobs starting at 9 a.m.)
Trumka will be part of a noted panel in “Spotlight on the Jobs Crisis” at the Economic Policy Institute (EPI).
With unemployment at its highest rate in more than 20 years, Trumka says America needs bold, quick action to put people back to work, in addition to longer term, structural fixes for our economy. The AFL-CIO initiative he announces will include calls to extend help for the unemployed, rebuild the nation’s infrastructure, provide aid to struggling states and communities, create federally funded community-based jobs and increase lending to small and medium-sized businesses to spur job creation.
Obama Announces White House Jobs Summit
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This morning, President Obama announced he will invite labor leaders, business executives, small business owners, economists and other financial experts to a special White House summit on jobs next month.
Obama says the summit will explore ways to slow the loss of jobs and quicken the pace of job creation at a time when the nation’s jobless rate is at 10.2 percent, its highest point since 1983. As Obama said,
We have an obligation to consider every additional responsible step that we can to encourage and accelerate job creation in this country.
Just this week, the AFL-CIO Executive Council met in Washington, D.C., to outline a national jobs creation strategy that AFL-CIO President Richard Trumka will announce Tuesday at a special Economic Policy Institute (EPI) jobs and economy panel and seminar. (Plan now to view the live webcast from 9-11:30 a.m., Tuesday, Nov. 17, at www.aflcio.org/createjobs.)
Obama Signs Unemployment Insurance Extension
Long-term jobless workers finally have some relief, with President Barack Obama signing legislation today to provide up to 20 extra weeks of unemployment insurance (UI) benefits for workers who exhaust their benefits before finding new work. The bill had been held up for almost six weeks as Senate Republicans blocked several attempts to bring it to a vote.
Obama’s signature came just hours after it was announced the nation’s unemployment rate had soared to 10.2 percent in October, from 9.8 percent in September.
The legislation provides an additional 14 weeks of benefits to unemployed workers in all states and an additional six weeks for jobless workers in states with an unemployment rate of 8.5 percent or higher.
U.S. Jobless Rate Shocking: 15.7 Million Workers Unemployed
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Stunningly bad news on the nation’s jobless rate today: Unemployment worsened in October to 10.2 percent, a huge jump from 9.8 percent in September. That’s 15.7 million jobless workers, according to the U.S. Bureau of Labor Statistics.
Worse, the unemployment and underemployment rate is a shocking 17.5 percent—more than 27 million American workers without full-time jobs.
The construction, manufacturing and retail industries had the biggest losses, with 62,000 construction jobs lost in October, 61,000 in manufacturing and 40,000 in retail. Health care and temporary employment were the only bright spots, with health care jobs increasing by 29,000 and temp jobs by 44,000.
House Set to Act Fast Now that Senate Finally Passed Jobless Aid Extension
BREAKING: The U.S. House of Representatives this afternoon passed the unemployment insurance extension bill, by a 403-12 vote. The bill is on its way to President Barack Obama who could sign it as early as tomorrow.
After weeks of Republican stalling and obstruction that cost hundreds of thousands of jobless workers their unemployment insurance (UI)—the Senate last night approved extending UI to workers who have lost or will lose their benefits by the end of the year.
House Majority Leader Steny Hoyer (D-Md.) promised to move quickly—as early as today—to ensure a House vote on the bill so President Obama can sign the legislation and get the checks moving again. Said Hoyer last night:
For too long, Senate Republicans blocked progress on extending unemployment insurance, which would provide immediate and tangible help to those who need it most, while also boosting our economy. Democrats remain focused on doing everything we can to assist Americans struggling to make ends meet and extending unemployment benefits is part of that effort. Now that this legislation has passed the Senate, I will bring it to the House Floor for a vote.
‘Economy Track’ Tells Story Behind the Numbers
The nonprofit Economic Policy Institute (EPI) has launched an interactive tool for anyone interested in looking beneath current economic data to find out what’s really happening with jobs and the economy. The new online feature, “Economy Track,” offers easy-to-understand charts built on government statistics and enhanced with exclusive EPI data.
For example, Economy Track illustrates how unemployment is higher for African Americans and Hispanics than for whites, higher for men than for women, and much higher for blue-collar workers than for those with white-collar jobs.
Users can focus on unemployment and underemployment trends by state, race/ethnic group, gender, occupation and education level.
