Friday March 24, 2023
| Last update: Thursday at 11:25 PM
BY staff | San Jose, CA | 3/23/23
Fight Back! News sat down with Professor Suzuki to ask him about this crisis.
BY Masao Suzuki | San José, CA | 3/10/23
Cracks in economy began to show up as Silicon Valley Bank, based in Santa Clara, California, just north of San José, was shut down on Friday, March 10.
BY Masao Suzuki | San José, CA | 11/07/22
On Friday, November 4, the U.S. Department of Labor reported that the unemployment rate in October rose from 3.7% from 3.5% in September.
BY Masao Suzuki | San José, CA | 10/22/22
Inflation as measured by the Consumer Price Index for Urban Wage Earners and Clerical Workers or CPI-W has been rising this year at the fastest rate in 40 years.
BY Masao Suzuki | San José, CA | 10/08/22
On Friday, October 7 the U.S. Department of Labor released their report on new jobs and the unemployment rate in September. According to the Department of Labor, there were 263,000 more jobs in September than in August.
BY Masao Suzuki | San José, CA | 8/01/22
On July 29, the Bureau of Economic Analysis released their report on Gross Domestic Product for the second quarter of the year, April to June. GDP went down at a 0.9% annual rate.
BY Masao Suzuki | San José, CA | 6/12/22
On Friday, June 10, the Bureau of Labor Statistics reported that prices for workers’ families, the so-called Consumer Price Index-Wage or CPI-W rose by 9.3% as compared to prices a year ago.
BY Masao Suzuki | San José, CA | 5/11/22
On Monday, May 9, U.S. stock prices continued to fall, with the broadest index, the S&P 500, losing more than 3%.
BY Masao Suzuki | San Jose, CA | 8/16/21
Fifty years ago, on August 15, 1971, then-President Nixon ended the U.S. dollar’s link with gold. This marked a retreat from the economic supremacy of the United States after World War II. Less than four years later, the fall of Saigon marked a defeat for the United States and a turning point in U.S. domination of the developing world.
BY Masao Suzuki | San José, CA | 6/06/21
On Friday June 4, the U.S. Department of Labor monthly report on the job market for May 2021 showed that 559,000 new jobs were created, bouncing back from the poor showing the month before. But the economy remained down 7.6 million jobs from February 2020, when the recession began.
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