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Global Left Midweek - World Teachers’ Day

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Teachers in the vanguard worldwide * Where is the Chinese economy going? * Jayati Ghosh on post-pandemic New Deals * News and analysis from four continents

State Unemployment Rates by Race and Ethnicity Show Recovery Expanding but Still Leaving Stubborn Pockets of High Unemployment

Janelle Jones Economic Policy Institute
The African American unemployment rate is at or below its pre-recession level in 11 states: Arkansas, California, Illinois, Indiana, Michigan, Mississippi, New Jersey, New York, North Carolina, Ohio, and South Carolina. However, a return to pre-recession levels in these states is barely a recovery: in all of these states, black unemployment rates were above 8.0 percent before the recession.

Recovery in U.S. Is Lifting Profits, but Not Adding Jobs

Nelson D. Schwartz The New York Times
With the Dow Jones industrial average flirting with a record high, the split between American workers and the companies that employ them is widening and could worsen in the next few months as federal budget cuts take hold.

labor

Growth of Income Inequality Blocks Recovery

JACK RAMUS Talking Union
Growing income inequality—approaching now obscene levels—is not simply a ‘moral outrage’. It not only represents a gross violation of historically held American values or reasonable equality for all. It is a condition that has served, and continues to serve, as a major cause of the lack of sustained economic recovery in the US now for five years—as well as a major factor in explaining why the US continues today to drift toward another ‘double dip’ recession.
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