Easy money from the Fed can’t get the economy out of first gear when the rest of government is in reverse, Reich writes.
But this year's May Day demonstrations come on the heels of the tragic Bangladesh factory collapse, a potent symbol for many of the importance of workers' rights.
Jobless claims declined by 16,000 to 339,000 claims, according to Thursday's jobless claims report. Currently there are some 1.79 million people receiving federal “extended” unemployment benefits.
Jobless claims increased by 4,000 to 352,000 claims from 348,000 claims for the prior week, according to Thursday's jobless claims report.
A bigger-than-expected drop in jobless claims might mean the employment picture isn't as bleak as thought. But retail sales disappointed, and consumer sentiment is still gloomy.
Jobless claims declined by a notable 42,000 to 346,000 claims from 388,000 jobless claims for the prior week.
Most Social Security experts, no matter their political persuasion, know that Social Security must be redesigned, Gleckman writes. With President Obama proposing to change the way government adjusts Social Security benefits, why not redesign it now?
Americans are starting to feel the pain from the sequester's $85 billion in federal spending cuts between March and September 30, Reich writes. They just don’t know it yet.