UPDATED February 3, 2012  The economy created a moderate number of jobs in January. both the U3 and U6 unemployment rates dropped to the lowest they have been since early 2009. Still, if the pace of job growth is maintained, unemployment rates won't return to pre-recession levels until after 2016!

The number of unemployed decreased  in December the government reported today. The  U-3  unemployment dropped to 8.3% in January. The  U-6  unemployment rate  dropped to 15.1%. The US economy added 243,000 jobs last month. Total U-3 Unemployment moved down to 12.8 million persons.

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New York Daily News columnist and Democracy Now! co-host Juan Gonzalez reports the Treasury Department has approved payouts exceeding $5 million for 49 executives at firms that most benefited from the Wall Street bailout.

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The 99%, the Non-Ceo Employment Sector, Got a nice Pay Rise in December

January 20, 2012

Hourly AND Weekly earnings rose in December. Real average weekly earnings fell 1.1 percent, seasonally adjusted, from November 2010 to November 2011.

Real average hourly earnings for all employees rose 0.2 percent from November to December, seasonally adjusted,  U.S. Bureau of Labor Statistics reported today.

This change stems from a 0.2 percent increase in average hourly earnings, while the Consumer Price Index for All Urban Consumers (CPI-U) remained unchanged. 

By the way how do US CEO salaries compare to the average worker and overseas CEO's? Click here for a shameful graph.

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December 14, 2011 Yesterday, the House of Representatives passed legislation authored by Rep. Dave Camp (R-Mich.) that would reduce the maximum number of weeks of unemployment insurance benefits that the federal government provides to jobless workers from 73 weeks to 33 weeks.

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