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.
Senate Clears the Way for Vote on Aid for Jobless Workers
After weeks of obstruction by Republican Senate leaders, millions of jobless workers who have or who will soon run out of unemployment insurance (UI) benefits may finally have a chance to grab an economic lifeline in the form of extended UI benefits.
The U.S. Senate yesterday approved a procedural motion that clears the way to a vote on legislation (H.R. 3548) that would provide an additional 14 weeks of benefits to unemployed workers in all states and up to 20 weeks in states with especially high jobless rates.
The Senate could vote as early as tomorrow, but a Thursday vote is more likely. Call your senators today and urge them to take swift action and pass H.R. 3548. You can call the Capitol switchboard (202-224-3121) and ask to be connected to your senators or click here to find your senators’ office numbers.
Shuler to IBEW: Let’s Fight for Jobs
At this week’s Electrical Workers (IBEW) conference, AFL-CIO Secretary-Treasurer Liz Shuler said we must focus on creating jobs and building a strong, sustainable and fair economy for the future.
Shuler, who rose to leadership as an IBEW organizer, congratulated the union’s members on their efforts in mobilizing and contacting members of Congress on behalf of health care reform and other key issues.
We still have a long way to go before we can truly have economic recovery, Shuler said, noting that as she travels around the country, the word she hears most often is “jobs.” The AFL-CIO worked hard for the economic recovery package passed by Congress, but the union movement still has much to do to address the massive unemployment and underemployment around the nation, she said. The AFL-CIO is pushing for more stimulus dollars to invest in energy, transportation, communications and school construction—for investment in green jobs and for more aid to state and local governments that have been slammed by biggest budget hits in decades. Most critically, Shuler said, if the union movement doesn’t push to make this happen, no one will.
Shuler said extending unemployment benefits was an urgent priority that will prevent further damage to our economy. With 26 million people looking for work, or discouraged entirely from the job market, and long-term unemployment at its highest level in more than 25 years, it’s critical to give some relief, she said.
Green jobs and a new energy economy have the potential to revitalize the country, Shuler said, but only if those jobs are good jobs, with fair wages and benefits. We can protect the environment and build a more prosperous future, she said, by getting a headstart on new technologies and increasing energy efficiency.
Shuler also laid out her vision for the policies we need to build a stronger economy—including health care reform, the Employee Free Choice Act and financial reform.
Unemployment Insurance Must Be Extended for Struggling Workers
With 26 million U.S. workers unemployed or underemployed, and the long-term jobless rate the highest since 1981—hundreds of thousands of struggling workers need relief. The U.S. Senate is expected to take action next week on an extension of unemployment insurance (UI).
Sen. Harry Reid (D-Nev.) says struggling workers will receive a much-needed boost from the UI extension—and workers whose UI has already run out will see it resume:
Our proposal from the outset has been simple: Let’s support those families who have been hardest hit by the recession. In the almost three weeks since Republicans first began to delay this measure, over 150,000 Americans have lost their unemployment benefits. Those Americans, and the thousands of others who will lose their benefits if we don’t act, need us to act now. It cannot be overstated how critical this assistance is to workers.
Building the New Economy
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The Campaign for America’s Future is hosting a Building the New Economy conference in Washington, D.C., today, and campaign staffer Mike Elk describes what needs to happen to make a new economy work for all of us.
Today, the Campaign for America’s Future is holding a “Building the New Economy” conference. As we build the new economy, it’s important we build one not based on the assets bubbles of the past but on the firm rock of manufacturing.
As AFL-CIO President Richard Trumka argues:
Flawed trade and tax policies and a financial system focused on short-term profits drove good jobs offshore, led to record trade deficits, and left the economy in ruins. With the manufacturing share of gross domestic product withering to 12 percent (from 15.9 percent in 1995) and the financial sector growing to 22 percent, the structure of the U.S. economy looks more like Monaco than Germany. This growth model of asset bubbles, low wages, credit pyramids, toxic assets and unregulated out-of-control global capital has been a recipe for disaster.
Traub: Workers Need Employee Free Choice Now More Than Ever
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Amy Traub, research director at the Drum Major Institute, has a great piece on the economic crisis and why we need the Employee Free Choice Act.
Traub says the nation’s economic crisis is making workers feel powerless on the job—more willing to accept poor treatment, long hours and most crippling for the economy, cuts in wages and benefits.
What they need, she says, is the freedom to form a union and bargain so they no longer end up bearing all the pain from the economic crisis. Traub writes:
“Productivity is soaring as fewer workers get more work done. But working people are not seeing many of the benefits. And that’s bad news for the economy as a whole. Consumers aren’t likely to resume spending when wages are down, especially without the ability they once had to borrow against high home values. It’s a recipe for a vicious economic cycle.
“The way out should include additional public stimulus, but it must also involve shifting more power to employees—enough to push back and stop making America’s working families the single easiest target for every negative economic development.”
$3.4 Billion Smart Grid Investment Will Create Tens of Thousands of Jobs
The nation needs jobs—big time. So it’s good to see that a $3.4 billion smart energy grid investment announced today by the Obama administration also will generate many new jobs.
In addition to saving energy and empowering consumers to cut their electric bills, the move will create tens of thousands of jobs in 49 states. This from the White House:
These jobs include high paying career opportunities for smart meter manufacturing workers; engineering technicians, electricians and equipment installers; IT system designers and cyber security specialists; data entry clerks and database administrators; business and power system analysts; and others.
