Notes on the Atrocities
Like a 100-watt radio station, broadcasting to the dozens...

Tuesday, November 04, 2003  

Bad news and good news on the jobs front. Medicine before candy:

NEW YORK (AP) -- Job cuts announced by U.S. companies more than doubled in October from the previous month, providing more evidence that the nation's economy is in a period of jobless expansion, according to a report from an outplacement firm.

Chicago-based Challenger, Gray & Christmas Inc. said Tuesday that in October companies announced plans to eliminate 171,874 positions, compared with 76,506 jobs in September. It was the highest monthly level since October 2002, when 176,010 job cuts were announced.

The surge in October ended a streak of five months when job reductions fell below 100,000 per month.

But, via Political Aims, we get this ray of sunshine in the grim night of the Bush economy.

Members of the United Food and Commercial Workers Local 655 ended a 24-day labor dispute Friday morning when they voted overwhelmingly — 82 percent — to accept a new 47-month contract. They returned to work Saturday.

The really impressive news, according to Jake Rosenfeld at Political Aims, is that it was the citizens who refused to shop there who ultimately forced the strike. "According to my sources on the ground, public opinion stuck with the workers until the end, with empty parking lots eventually forcing management back to the bargaining table." As I wrote earlier, this is critical to workers, and all workers--not just those on strike--stand to benefit.

posted by Jeff | 12:46 PM |
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