Economy Gains 155,000 Jobs in November; Unemployment Unchanged at 3.7%

The U.S. economy gained 155,000 jobs in November, and unemployment was unchanged at 3.7%, according to figures released this morning by the U.S. Bureau of Labor Statistics. The labor market can be a leading indicator for the economy. Soft wage growth has been accompanied by weaker auto sales than typical for this low level of unemployment, leading General Motors to plan plant closings, and slowing home sales point to stresses for workers and the household sector of the economy. The Federal Reserve needs to move with great caution and hold off on more rate increases.

Remembering George H.W. Bush's Commitment to Public Service

George H.W. Bush
Wikimedia Commons

President George H.W. Bush will be laid to rest at a state funeral today. Remembrances have been flowing in from across the political spectrum, but one thing we all can agree on is that Bush lived a life that was devoted to public service, not only for himself, but for those who answered his call for all of us to help our fellow Americans.

Infrastructure

Infrastructure Matters. It’s Time to Get Serious About Funding It

Infrastructure
TTD

This post comes from Larry I. Willis, president of the Transportation Trades Department, AFL-CIO (TTD).

One hundred billion dollars is a lot of money. With that much cash you could buy four Starbucks lattes for every living human on the planet. (That’s 33 billion lattes in total, if you’re counting.) If coffee is not really your thing, consider buying every single NFL team three times over. Don’t like sports? You and the record-holding Powerball winner can compare piles of cash and together marvel at how yours is 63 times taller.

The U.S. Mail Is Not for Sale

The American Postal Workers Union (APWU) just released a new ad in support of its U.S. Mail Not for Sale campaign. The campaign is a worker-led effort that brings together working people, elected officials and member organizations of A Grand Alliance to Save Our Public Postal Service to fight plans to privatize the U.S. Postal Service.