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Today in Labor History

Aug. 7, 1983
Some 675,000 employees struck at AT&T Corporation for 22 days, winning wages, job security, pension plan changes and better health insurance. It was the last time the Communication Workers of America negotiated at one table for all its Bell System members. Divestiture came a few months later.
- Voices of Labor

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Nearly Half the US Population Is Without A Job
Posted On: Jul 02, 2020
July 2, 2020 | ECONOMY | Nearly half of the population is still out of a job showing just how far the U.S. labor market has to heal in the wake of the coronavirus.  The employment-population ratio — the number of employed people as a percentage of the U.S. adult population — plunged to 52.8% in May, meaning 47.2% of Americans are jobless, according to Bureau of Labor Statistics. As the coronavirus-induced shutdowns tore through the labor market, the share of the population employed dropped sharply from a recent high of 61.2% in January, farther away from a post-war record of 64.7% in 2000. This ratio is a broader look at the employment picture. It takes into account adults not in the labor force and captures those who were discouraged about the prospects of finding a job, whereas the unemployment rate looks at people actively looking for a job… CNBC 







 
 
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