|San Joaquin and Calaveras Cos. Central Labor Council|
A new report from researchers from the International Monetary Fund (IMF) finds that not only is rising inequality a drag on economic growth, but that policies designed to lessen inequality through a moderate level of redistribution do not slow growth. While the report is clear in stating it isn't the official opinion or policy of the IMF, researchers Jonathan D. Ostry, Andrew Berg and Charalambos G. Tsangarides make a compelling case that austerity policies are bad for economic growth and that it isn't just morally sound to reduce income inequality, it's the economically wise choice, too. While countries have pursued policies focused heavily on deficit reduction and lower government spending, the new report suggests those legislative priorities may be the wrong approach to economic growth, joining a growing chorus of evidence from economic analysts that is pushing for a move away from austerity. Read more >>>
The economy added 175,000 jobs in February—62,000 more than the January job gain but still far below what is needed for recovery—and the nation’s unemployment rate was nearly unchanged at 6.7%, compared with January’s 6.6%, according to figures released this morning by the U.S. Bureau of Labor Statistics. The number of long-term unemployed people (those jobless for 27 weeks or more) rose by 203,000, increasing the number of long-term jobless workers to 3.8 million. Read more >>>
Last year, Denise Imundo’s husband had surgery on his neck that forced him out of the job market. He went four months without work, and although he was eligible to receive disability payments, they only covered one-third of his salary. And when the holidays approached, finances were getting tight.
But instead of racking up debt, the couple’s Union Plus Credit Card offers special assistance for eligible cardholders. Read more>>>
Statement by California Labor Federation Executive Secretary-Treasurer Art Pulaski on State of the State Address
"The Governor mapped a vision for California based on the spirit of optimism that has defined our state since its inception. Instead of telling us what we can’t do, the Governor challenged us to achieve together what our critics have said we could not."Read more >>>
Check out photos from the December 10, 2012 Candlelight Vigil in the new Photo Album section of the web site.
CANDLELIGHT CAMPAIGN AGAINST CUTS
4:00 - 6:00
REP. JERRY MCNERNEY'S OFFICE
2222 GRAND CANAL #7, STOCKTONRead more >>>
The San Joaquin and Calaveras Counties, AFL-CIO is the Central Labor Council representing over 50,000 members of 40 unions throughout San Joaquin and Calaveras Counties, located in the heart of the California Central Valley. The mission of the San Joaquin and Calaveras Counties, AFL-CIO is to improve the lives of working families—to bring economic justice to the workplace and social justice to our state and the nation.
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Photographs and illustrations, as well as text, cannot be used without permission from the AFL-CIO.