National
US Employers Add Solid 223K Jobs; Rate 5.4 pct., 7-Year Low
CHRISTOPHER S. RUGABER, AP Economics Writer
WASHINGTON (AP) — U.S. employers added 223,000 jobs in April, a solid gain that suggests that the economy may be recovering after stumbling at the start of the year.
The job growth helped lower the unemployment rate to 5.4 percent from 5.5 percent in March, the Labor Department said Friday. That is the lowest rate since May 2008, six months into the Great Recession.
The level of hiring signaled that companies were confident enough in their outlook last month to fill positions. The job growth, if sustained, could fuel an economic rebound after a January-March quarter in which the U.S. economy is thought to have shrunk.
“Today’s report argues that the economy is in decent health,” says Scott Clemons, chief investment strategist at Brown Brothers Harriman Private Banking.
U.S. stock prices rose sharply when trading began an hour after the jobs report was released at 8:30 a.m. Eastern time.
Still, Friday’s figures included signs of concern: A weak March job gain was revised sharply down to just 85,000 from 126,000. In the past three months, employers have added 191,000 positions, a decent gain but well below last year’s average of 260,000.
And the job growth isn’t raising worker pay much. Average hourly wages rose just 3 cents in April to $24.87. Wages have risen 2.2 percent over the past 12 months, roughly the same sluggish pace of the past six years.
Clemons said he was surprised by the meager gain in earnings.
“Everything in this cycle has been slow-motion,” he said, referring to the modest recovery from the 2007-2009 Great Recession. “Maybe wages are another example of that.”
Tara Sinclair, a professor at George Washington University and chief economist at the job listings service Indeed, said: “We’re definitely back to that same discussion we were having before March and earlier this year: Things are looking pretty good and going in the right direction, but where is the wage growth?”
The Federal Reserve has been monitoring the job market for convincing evidence of a healthier economy. The chronically sluggish pay growth and the downward revision to March’s job gain may dissuade the Fed from raising interest rates from record lows anytime soon.
The “Fed could be on hold forever with anemic numbers like these,” said Tom di Galoma, head of fixed income trading for ED&F Man Capital Markets.
Other economists suggested that the Fed isn’t likely to raise its key benchmark rate until late this year or perhaps not until next year.
Some trends that held back growth earlier this year remained evident in Friday’s jobs report. The mining industry, which includes oil and gas, cut 15,000 jobs, its fourth straight loss. Oil drilling has fallen sharply after last year’s plunge in oil prices.
Manufacturers added only 1,000 jobs after a flat reading in March. That’s down from the industry’s average monthly job gain of 18,000 last year. A strengthened dollar, which makes U.S. exports costlier overseas, is slowing factory output.
Construction companies, though, picked up much of the slack by adding 45,000 jobs, the most in 16 months. And he health care industry gained 56,000 jobs.
Such solid figures add to other evidence that the economy may be gradually picking up. Home sales staged a big comeback in March, a sign more Americans are making expensive purchases. People bought existing homes at an annual pace of 5.19 million, the National Association of Realtors said.
Those gains are expected to extend into April based on figures on signed contracts released by the Realtors. That would help spur additional growth in the construction sector as builders seek to meet demand.
Some Americans also appear to be gradually stepping up their spending. Service firms such as restaurants, retailers and banks grew at a faster pace in April than in March, according to a survey by the Institute for Supply Management, a trade group of purchasing managers.
___
AP Economics Writers Josh Boak and Paul Wiseman contributed to this report.
Copyright 2015 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Activism
U.S. House Minority Leader Hakeem Jeffries Speaks on Democracy at Commonwealth Club
Based on his first speech as House minority leader, “The ABCs of Democracy” by Grand Central Publishing is an illustrated children’s book for people of all ages. Each letter contrasts what democracy is and isn’t, as in: “American Values over Autocracy”, “Benevolence over Bigotry” and “The Constitution over the Cult.”
By Linda Parker Pennington
Special to The Post
House Minority Leader Hakeem Jeffries addressed an enthusiastic overflow audience on Monday at San Francisco’s Commonwealth Club, launching his first book, “The ABCs of Democracy.”
Based on his first speech as House minority leader, “The ABCs of Democracy” by Grand Central Publishing is an illustrated children’s book for people of all ages.
Each letter contrasts what democracy is and isn’t, as in: “American Values over Autocracy”, “Benevolence over Bigotry” and “The Constitution over the Cult.”
Less than a month after the election that will return Donald Trump to the White House, Rep. Jeffries also gave a sobering assessment of what the Democrats learned.
“Our message just wasn’t connecting with the real struggles of the American people,” Jeffries said. “The party in power is the one that will always pay the price.”
On dealing with Trump, Jeffries warned, “We can’t fall into the trap of being outraged every day at what Trump does. That’s just part of his strategy. Remaining calm in the face of turmoil is a choice.”
He pointed out that the razor-thin margin that Republicans now hold in the House is the lowest since the Civil War.
Asked what the public can do, Jeffries spoke about the importance of being “appropriately engaged. Democracy is not on autopilot. It takes a citizenry to hold politicians accountable and a new generation of young people to come forward and serve in public office.”
With a Republican-led White House, Senate, House and Supreme Court, Democrats must “work to find bi-partisan common ground and push back against far-right extremism.”
He also described how he is shaping his own leadership style while his mentor, Speaker-Emeritus Nancy Pelosi, continues to represent San Francisco in Congress. “She says she is not hanging around to be like the mother-in-law in the kitchen, saying ‘my son likes his spaghetti sauce this way, not that way.’”
Activism
MacArthur Fellow Dorothy Roberts’ Advocates Restructure of Child Welfare System
Roberts’s early work focused on Black women’s reproductive rights and their fight for reproductive justice. In “Killing the Black Body: Race, Reproduction, and the Meaning of Liberty 1997)”, she analyzes historical and contemporary policies and practices that denied agency to Black women and sought to control their childbearing—from forced procreation during slavery, to coercive sterilization and welfare reform—and advocates for an expanded understanding of reproductive freedom.
Special to The Post
When grants were announced Oct. 1, it was noted that eight of the 22 MacArthur Fellows were African American. Among the recipients of the so-called ‘genius grants’ are scholars, visual and media artists a poet/writer, historian, and dancer/choreographer who each receive $800,000 over a five-year period to spend as they see fit.
Their names are Ruha Benjamin, Jericho Brown, Tony Cokes, Jennifer L. Morgan, Ebony G. Patterson, Shamel Pitts, Jason Reynolds, and Dorothy Roberts. This is the eighth and last in the series highlighting the Black awardees. The report below on Dorothy Roberts is excerpted from the MacArthur Fellows web site.
A graduate of Yale University with a law degree from Harvard, Dorothy Roberts is a legal scholar and public policy researcher exposing racial inequities embedded within health and social service systems.
Sine 2012, she has been a professor of Law and Sociology, and on the faculty in the department of Africana Studies at the University of Pennsylvania.
Roberts’s work encompasses reproductive health, bioethics, and child welfare. She sheds light on systemic inequities, amplifies the voices of those directly affected, and boldly calls for wholesale transformation of existing systems.
Roberts’s early work focused on Black women’s reproductive rights and their fight for reproductive justice. In “Killing the Black Body: Race, Reproduction, and the Meaning of Liberty 1997)”, she analyzes historical and contemporary policies and practices that denied agency to Black women and sought to control their childbearing—from forced procreation during slavery, to coercive sterilization and welfare reform—and advocates for an expanded understanding of reproductive freedom.
This work prompted Roberts to examine the treatment of children of color in the U.S. child welfare system.
After nearly two decades of research and advocacy work alongside parents, social workers, family defense lawyers, and organizations, Roberts has concluded that the current child welfare system is in fact a system of family policing with alarmingly unequal practices and outcomes. Her 2001 book, “Shattered Bonds: The Color of Child Welfare,” details the outsized role that race and class play in determining who is subject to state intervention and the results of those interventions.
Through interviews with Chicago mothers who had interacted with Child Protective Services (CPS), Roberts shows that institutions regularly punish the effects of poverty as neglect.
CPS disproportionately investigates Black and Indigenous families, especially if they are low-income, and children from these families are much more likely than white children to be removed from their families after CPS referral.
In “Torn Apart: How the Child Welfare System Destroys Black Families—and How Abolition Can Build a Safer World (2022),” Roberts traces the historical, cultural, and political forces driving the racial and class imbalance in child welfare interventions.
These include stereotypes about Black parents as negligent, devaluation of Black family bonds, and stigmatization of parenting practices that fall outside a narrow set of norms.
She also shows that blaming marginalized individuals for structural problems, while ignoring the historical roots of economic and social inequality, fails families and communities.
Roberts argues that the engrained oppressive features of the current system render it beyond repair. She calls for creating an entirely new approach focused on supporting families rather than punishing them.
Her support for dismantling the current child welfare system is unsettling to some. Still, her provocation inspires many to think more critically about its poor track record and harmful design.
By uncovering the complex forces underlying social systems and institutions, and uplifting the experiences of people caught up in them, Roberts creates opportunities to imagine and build more equitable and responsive ways to ensure child and family safety.
Activism
Oakland Post: Week of December 18 – 24, 2024
The printed Weekly Edition of the Oakland Post: Week of December 18 – 24, 2024
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