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National Jobs for All Network
P.O. Box 96, Lynbrook, NY 11563 · · 
News Update, July, 2022
June 2022 Jobs Report Analysis
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June Jobs: Pretty Good, But Wait...


            The Bureau of Labor Statistics’ job and unemployment report for the month of June is pretty positive. The official unemployment rate, derived from a sample of households, stayed low: 3.6% for the fourth month in a row. The rates for Asian-Americans and Hispanics were also quite low at 3.3% and 4.3%. But unemployment rates stayed high for disabled people (8.2%), African Americans (5.8%) and teens (11%).
            Also, according to the National Jobs for All Network, the real national unemployment rate, including people who wanted jobs but did not fit the BLS’s requirements for a job search, was 9%. The total of truly unemployed was 15.2 million people, instead of 5.9 million, the official count. The reasons why these people did not snatch up all those jobs that employers are offering have been discussed often in this column. They include lousy pay (it’s still falling in real terms, after inflation), lousy conditions, unfriendly supervisors, unhealthy workplaces, and limited access to affordable child-care. Also, behind the slow take-up of offered jobs is people’s confidence that with all those vacancies, one can find a job quickly if that is absolutely necessary.

More Jobs But Fewer Employed?

            A separate count (the payroll or establishment survey) of several hundred thousand organizations shows that non-farm business and government employers added 372,000 jobs. That’s no blockbuster, but it’s a positive, especially if we expected that the Federal Reserve’s money crunch would have already kicked the economy into a recession.

            But there are few signs of a recession yet. One possible indicator of trouble ahead comes from the household survey: the number of employed Americans fell by 315,000 in June. But this number is a part of the household survey that we aren’t supposed trust too much. The sample is much smaller than the payroll sample of organizations that showed 372,000 more jobs. We will have to wait to see which number was more prophetic.

            Meanwhile, a leading economic journalist, Don Lee of The Los Angeles Times, has suggested that the coming recession might not mean many layoffs. All those job vacancies--11.3 million at last count (May)--indicate that employers are still desperate for workers. (By the way, this job vacancy number is more than twice what it was in 2006 and 2007, just prior to the Great Recession.) But if something like a recession begins, will bosses remember how hard it had been to hire people? And to the degree that finances allow, will they strive to hold on to employees if they can? Some say they will.


            Perhaps there won’t be a substantial economic recession. That depends on how much the Federal Reserve raises interest rates. And that depends partly on whether inflation rates drop. Right now, average wage increases are slowing (bad for workers, good, according to the Fed). And there are signs that prices in some areas are falling: memory chips, fertilizer, and even gas at the pumps. But, surprise: for the latter, prices are falling more slowly than they rose. There is scholarly evidence and clever labels for what many of us suspected. Gas prices go up faster when the price of oil rises than they go down when the price of oil falls. According to Paul Krugman, it’s called asymmetric pass-through or rockets and feathers.

            We get the next government report on consumer prices on July 13. Most experts are not predicting a moderation of inflation rates. So, it will be full speed ahead for the Fed’s Recession Train, and, eventually, that will mean fewer job offers, more unemployment, less consumer spending, and depressed business activity. Maybe something kinda like a recession. Fed Chair Jerome Powell told a Congressional committee on June 22 that he did not intend that the Fed’s interest rate hikes should cause a recession, but he acknowledged that was “certainly a possibility.” Right now, I’d say a recession is possibly certain.

Articles that were especially useful include:

Paul Rugaber, “Powell tries to reassure a skeptical Senate Panel,” Los Angeles Times, 6/23/22, A8.
Don Lee, “Recession might be ahead, but it could be mild,” Los Angeles Times, 6/23/22, A1, A9.
Don Lee, “Recession might not mean layoffs,” Los Angeles Times, 7/8/22, A1, A12.
Paul Krugman, “Working Out: Rockets, Feathers, and Prices at the Pump,” The New York Times, 7/8, 2022, online newsletter.
Frank Stricker is a member of the National Jobs for All Network and DSA. He wrote American Unemployment: Past, Present, and Future (2020)         

In case you missed it: Jobs for All Newsletter, April, 2022: Union rebirth? counting volunteers; NYC: too few jobs

To comment on this article, visit

The Full Count: June 2022
Unemployment Data

Officially unemployed: 5.9 MILLION (3.6%)

Hidden unemployment: 9.3 million

(Includes 3.6 million people working part-time

because they can't find a full-time job;
and 5.7 million people who want jobs,

but are not actively looking)

Total: 15.2 MILLION (9.0% of the labor force)

There are 1.3 job-wanters for each available job!

For more information and analysis, visit:

Source: U.S. Bureau of Labor Statistics

Employment Statistics

Since its founding in 1994, the National Jobs for All Network (previously Coalition) has been “telling the whole story” about unemployment.*

Our founders recognized that the official unemployment rate reported monthly by the Labor Department leaves out more jobless and job short workers than it includes. To be counted as unemployed, one must work less than one hour a week in paid employment and be actively seeking employment. As the above figures show, more than half the unemployed or underemployed are left out of the official count. Consider the political consequences of this undercount—of a problem perceived by the public as less than half as widespread as it really is.

*See “Unemployment Statistics: Let’s Tell the Whole Story” by NJFAC founders Helen Lachs Ginsburg, Bill Ayres, and June Zaccone, Employment Statistics: Let's Tell the Whole Story - NJFAC

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The National Jobs for All Network is dedicated to the proposition that meaningful employment is a precondition for a fulfilling life and that every person capable of working should have the right to a job. As part of our mission, the NJFAN promotes discussion, encourages networking, and disseminates information concerning the problem of unemployment, the struggle for workers’ rights, and the goal of guaranteeing decent work for everyone who wants it.

NJFAN relies on your support. If you find our material useful, please make a tax-deductible donation. We are all volunteers, except for a part-time coordinator and a part-time administrator.

We are publishing this newsletter to provide a public forum where the multiple groups and countless individuals interested in promoting this goal can learn what others are doing to promote the jobs guarantee idea, build public support for it, and pursue legislative initiatives to implement it.

We invite our readers to:
  • Help us establish a Jobs for All Action clearinghouse by informing us of publications, actions, and events that promote a jobs guarantee and related economic justice goals to share the information with other readers
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Please send your updates and contact suggestions to Thanks so much in advance for your help in building this important social movement.

The views expressed in the articles published in the Jobs for All newsletter (including those authored by editors and writers of the newsletter and board members of the NJFAN) are not necessarily those of the NJFAN as an organization. We hope that the newsletter will become a forum of discussion and debate among jobs-for-all/full-employment/right-to-work/job-guarantee advocates. With that goal in mind, we plan to add a letter to the editor section to the newsletter and also encourage readers to email us at to suggest articles they would like to contribute to the newsletter. We promise a quick response.

Newsletter Committee
Trudy Goldberg, Editor.  Chuck Bell and Charlotte Wilhelm (production managers); Frank Stricker; Philip Harvey; Stephen Monroe Tomczak (Movement News); Logan Martinez; June Zaccone (Full Count and NJFAN website) and Noreen Connell.

National Jobs for All Network
P.O. Box 96
Lynbrook, NY 11563
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