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11/08/2004

WAGELESS RECOVERY

Millions of workers are unemployed longer and the nation is still losing manufacturing jobs, according to recent figures from the U.S. Bureau of Labor Statistics (BLS). The bureau reported Nov. 5 that the official jobless rate rose in October to 5.5 percent. “Despite gains in different industries, we still lost 5,000 manufacturing jobs in October and…the average length of long-term unemployment remains at 19.6 weeks and millions of workers are forced to work multiple jobs to pay for health care and basic household expenses,” AFL-CIO President John Sweeney said. Meanwhile, average wages for workers grew at the slowest rate on record between July and September, according to BLS. “The recovery is no longer jobless, but it is beginning to look ‘wageless,’ ” said Jared Bernstein, senior economist for the Economic Policy Institute.

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