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News :: Labor |
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Statement By AFL-CIO President John J. Sweeney On Friday's Unemployment Numbers And The Loss Of 2.6 Million Jobs Over Last Two Years |
Current rating: 0 |
by John J. Sweeney, President AFL-CIO
(No verified email address) |
05 Apr 2003
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On average, America has lost a stunning 105,000 private sector jobs every month since the President George W. Bush's inauguration. Neither the war in Iraq nor the 9/11 attacks explain this disastrous record: the loss of 2.6 million private sector jobs began before these events and has been steady ever since. |
WASHINGTON - April 4 - Today’s report that the economy lost another 108,000 jobs in March is more dismal evidence that current economic policies are failing to create good jobs that pay well and support families. On average, America has lost a stunning 105,000 private sector jobs every month since the President George W. Bush’s inauguration. Neither the war in Iraq nor the 9/11 attacks explain this disastrous record: the loss of 2.6 million private sector jobs began before these events and has been steady ever since. Meanwhile, even as workers struggle to keep the jobs they have, the administration and Congress have started to give employers more ways to load up workers with unpaid hours by taking apart the laws that guarantee overtime pay, thus drying up even more job opportunities.
The fact that the unemployment rate stayed at 5.8 percent in March does not balance out discouraging truths about looking for work in America. More than 1 million people simply gave up looking for work last month, a jump of 200,000 over this time last year. The number of workers unemployed for six months or longer, 1.7 million, is up nearly half a million more than a year ago. And the manufacturing sector, one of the hardest hit industries since President Bush took office, lost another 36,000 jobs.
The growing crisis for workers in the airline industry, which has lost more than 150,000 jobs since January 2001, offers a sad example of how the government has neglected working families. Congress and President Bush deliberately refused to include assistance to laid-off airline workers when it passed a corporate bailout bill at the end of 2001 and the president continues to talk down how much assistance the government will give, despite massive layoffs.
The unemployed in all industries are paying for the recession with their jobs, health care and retirement savings. They need emergency jobless benefits extended until jobs are available again and this time Congress and President Bush cannot leave out the one million laid-off workers who exhausted their benefits and still can’t find work.
Two years ago, Congress passed a massive tax cut that President Bush claimed would create jobs and turn around the economy. Since then, we have lost jobs and the economic situation has deteriorated. Yet the president argues we need more of the same medicine – more unbalanced and unfair tax cuts for the very rich – to create good American jobs. President Bush is wrong. Congress can build a stronger, more secure future for all Americans and for our children by building schools and roads, investing in hospitals and job training. Unbalanced tax breaks are destroying opportunities for the future and will only further wreck families’ economic security.
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See also:
http://www.aflcio.org
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The Naked Truth About Comp Time |
by EPI
(No verified email address) |
Current rating: 0
05 Apr 2003
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Current Proposal Is Like Emperor's New Clothes: There's Nothing There For Workers
A bill now moving through Congress would make it profitable for employers to work their employees more than 40 hours a week. Under the comp time bill, H.R. 1119, an employee who works more than 40 hours in any given week might not receive any compensation - either in pay or paid time off - until more than a year later. For employers, that's the equivalent of a huge interest-free loan from their employees - a loan unlikely to be repaid if the company goes under.
How huge? A company can get up to 160 free hours per worker. For a company with 200,000 employees at $7 per hour, that adds up to $224 million for the company in deferred pay. In addition, the company would reap about $13 million in savings by not paying the 6% interest it would have paid on a commercial loan the same size.
In a new paper, EPI's Vice President and Policy Director, Ross Eisenbrey, analyzes the impact on workers if this comp time bill goes through. "The Emperor's New Clothes" is available online at: http://www.epinet.org/Issuebriefs/ib190.html
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