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.
Every week, we bring you a roundup of the top news and commentary about issues and events important to working families. Here’s this week’s Working People Weekly List.
Recently, the AFL-CIO launched another tool to bring you the issues and stories that matter to working people. In the latest episode of our podcast, “State of the Unions,” we talk to longtime UAW member and AFL-CIO Industrial Union Council Executive Director Brad Markell about General Motors’ recent decision to close five North American plants, costing up to 14,000 workers their jobs.
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.
After losing the top offices in Wisconsin and Michigan, anti-worker legislators are trying to strip powers from Govs.-elect Tony Evers and Gretchen Whitmer, respectively—before they are even sworn in. Doing so would have enormous negative consequences for working people in both states.
We must stop these outrageous lame-duck power grabs.