|South Dakota State Federation of Labor|
A new report from researchers from the International Monetary Fund (IMF) finds that not only is rising inequality a drag on economic growth, but that policies designed to lessen inequality through a moderate level of redistribution do not slow growth. While the report is clear in stating it isn't the official opinion or policy of the IMF, researchers Jonathan D. Ostry, Andrew Berg and Charalambos G. Tsangarides make a compelling case that austerity policies are bad for economic growth and that it isn't just morally sound to reduce income inequality, it's the economically wise choice, too. While countries have pursued policies focused heavily on deficit reduction and lower government spending, the new report suggests those legislative priorities may be the wrong approach to economic growth, joining a growing chorus of evidence from economic analysts that is pushing for a move away from austerity. Read more >>>
The economy added 175,000 jobs in February—62,000 more than the January job gain but still far below what is needed for recovery—and the nation’s unemployment rate was nearly unchanged at 6.7%, compared with January’s 6.6%, according to figures released this morning by the U.S. Bureau of Labor Statistics. The number of long-term unemployed people (those jobless for 27 weeks or more) rose by 203,000, increasing the number of long-term jobless workers to 3.8 million. Read more >>>
Congratulations to Jeff Winters from IAFF 814 & Professional Fire Fighters of South Dakota on recieving the Ralph Morris Outstanding Union Member of the year award! Jeff has dedicated most of his adult life to Unionism. Read more >>>
Last year, Denise Imundo’s husband had surgery on his neck that forced him out of the job market. He went four months without work, and although he was eligible to receive disability payments, they only covered one-third of his salary. And when the holidays approached, finances were getting tight.
But instead of racking up debt, the couple’s Union Plus Credit Card offers special assistance for eligible cardholders. Read more>>>
2014 Jack Dudley Memorial Scholarship Winner
Congratulations to our Jack Dudley Memorial Scholarship winner, Jose Melendez, son of Art Melendez from IBEW 1250!
AFL-CIO Now Blog -- Recent News Stories
The South Dakota State Federation of Labor, AFL-CIO is the state federation of labor representing over 8,000 members of 154 unions throughout South Dakota. The mission of the South Dakota State Federation of Labor, AFL-CIO is to improve the lives of working families—to bring economic justice to the workplace and social justice to our state and the nation.
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