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Unemployment in Biggest Monthly Spike Since `86 Shrugging off the promised effects of the Bush Administration’s so-called “economic stimulus” program, the U.S. economy stumbled badly in May, with unemployment jumping from 5.0 to 5.5 percent – the biggest monthly rise in more than 20 years. Nervous employers, freshly squeezed by unprecedented energy costs and the
Read moreEPI Study Fuels Debate on Tanker Jobs A new study http://www.epi.org/briefingpapers/218/bp218.pdf of the decision to award a $40 million taker contract to EADS/Airbus instead of Boeing reveals just how many jobs will not be created in the U.S. once production gets underway. “Because roughly half of the parts and labor that go into making the
Read moreShareholders Urged to Scuttle NWA-Delta Merger The IAM sent letters this week to the largest shareholders of Northwest Airlines and Delta Air Lines to express serious concerns over the proposed Northwest-Delta merger. “I urge shareholders of Delta and Northwest to protect their interests and speak out to oppose this proposed merger,” said IAM President Tom
Read moreNegotiations Herald New Era at Hawker Beechcraft The IAM marked an historic occasion this week with the opening round of contract talks between Locals 733 and 2328 and Hawker Beechcraft, the newly-formed company that resulted from last year’s sale of Raytheon’s aircraft division to Onex Corporation. These negotiations find Hawker Beechcraft well-positioned in a booming
Read moreDoubt, Resistance Grows Over Airline Mergers On Capitol Hill and in the court of public opinion, airline mergers have been getting a chilly reception. At a House Transportation Subcommittee hearing held last week to examine the proposed Delta-Northwest merger, Transportation GVP Robert Roach, Jr. declared: “A Delta-Northwest merger will eliminate jobs, reduce choices for passengers,
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