Tuesday October 26, 2021
| Last update: Saturday at 9:39 PM
BY Masao Suzuki | San Jose, CA | 8/01/11
On July 29, the Commerce Department released its report on Gross Domestic Product or GDP for the Second Quarter (April to June) of 2011. GDP, which measures the value of goods and services produced in the United States, rose at only a 1.3% annual rate, much slower than most mainstream economists expected. Even worse, the First Quarter (January to March) economic growth was cut from an earlier estimate of 1.9% to just 0.4%.
BY Masao Suzuki | San José, CA | 7/18/11
On July 8, the U.S. Department of Labor released its report on unemployment and new job creation for the month June. The report said that the unemployment rate rose for the third month in a row to 9.2%, while only 18,000 new jobs were created. The job creation was much worse than most mainstream economists expected, and was less than one-tenth as many new jobs as in February, March and April. The number of new jobs created in May was revised down from a weak 54,000 to an even worse 25,000.
Unemployment
BY Masao Suzuki | San José, CA | 6/06/11
In the first week of June, two important reports showed a sharp slowdown in the U.S. economy. On Friday, June 3, the Department of Labor said that unemployment in May rose to 9.1%, while only 54,000 new jobs were created, far less than what mainstream economists were predicting.
BY Masao Suzuki | San José, CA | 11/21/10
On Nov. 18, Republicans in the House of Representatives blocked an attempt by the House Democrats to extend funding for Federal Unemployment Insurance, which expires on Nov. 30. If funding is not extended, almost a million jobless workers will be cut off from their benefits immediately. Over a million more will lose their benefits by the end of December.
BY Masao Suzuki | San José, CA | 10/14/10
On Oct. 8, the Department of Labor reported that local public schools had cut 49,800 jobs in September. Included in the layoffs this fall was kindergarten teacher Amanda VanNess, who stood with President Obama when he signed a bill giving $26 billion to local schools in August of 2009.
BY staff | Minneapolis, MN | 9/02/10
Members of the Network to Fight for Economic Justice have been leafleting and petitioning at unemployment offices demanding that Congress and state governments take action to extend and expand unemployment benefits.
BY Masao Suzuki | San José, CA | 7/17/10
On July 15, the U.S. Department of Labor reported that another 250,000 unemployed were cut from federal unemployment insurance rolls.
BY Masao Suzuki | San Jose, CA | 7/09/10
On July 8, the U.S. Department of Labor reported that almost 350,000 unemployed were dropped from federal unemployment insurance rolls.
BY Masao Suzuki | San José, CA | 7/04/10
On Friday, July 2, the U.S. Department of Labor reported that 125,000 jobs were lost in June. While the official unemployment rate fell from 9.7% in May to 9.5% in June, this was due to the 650,000 people gave up looking for work and were no longer counted as unemployed.
BY Masao Suzuki | San José, CA | 7/02/10
On June 24, the U.S. Department of Labor reported that the number of people receiving Federal Extended Benefits fell by 375,000 in a single week.
Unemployment
Syndicate content
inspector