WIN Week In Review May 9-11, 2008
10th May 2008
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Loading ...WIN Week In Review May 9-11, 2008
By Doug Cunningham
For four months in a row now, U.S. workers have suffered a net loss of jobs. Lawrence Mishel of the Economic Policy Institute says working people are in for more of the same.
[Mishel]: "The last six months the economy barely grew at all and as a consequence we're gonna see persistent loss of jobs for months to come and steadily rising unemployment. Whenever that happens, and we're already seeing it, wages grow much more slowly, hours of work don't rise or they actually decline. Fewer family members are working, people are working part-time jobs, they want a full-time job."