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December 09, 2002

Labor Monday

  • Unemployment has soared to 6%. The number of workers on U.S. payrolls outside the farm sector tumbled by 40,000 last month.
  • Yale President Levin is facing charges of anti-union activity from grad student unionists and undergraduates.
  • The "pro-family" Bush administration has banned state governments from using unemployment insurance money to support families taking leave to have babies or adopt them. So much for states rights as well.

  • The ICFTU condemned the Chinese government for a new Hong Kong law that would endanger trade unions in that city-state.
  • Venezuela's Chavez is taking a harder line against general strikes in that country.
  • Union leaders across Britain are condemning Prime Minister Blair for his confrontation with the FireFighters Union.

    Posted by Nathan at December 9, 2002 08:50 AM

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    Soared to six percent? You need to visit France where it routinely sits in the low double digits. Until we lived in the dot com bubble a few years back, economists put 5% as the level of FULL employment for the economy and stated that levels below that would lead to wage spikes and inflation.

    Posted by: Grant at December 12, 2002 03:04 PM

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