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Today’s Bureau of Labor Statistics jobs report shows jobs losses worsened sharply in September. Hours worked fell even more sharply than jobs suggest losses in October could be quite severe. Because the number of paid hours worked per week was reduced sharply in September, weekly wages also fell even before adjusting for inflation. This is an ominous sign for households that already face unprecedented financial pressures with little or no current savings. read more »

From our offices in Manhattan, we look out on the tall, gleaming skyscrapers that are cathedrals of wealth and power -- the Olympus ruled by the gods of finance, the temples of the mighty, the holy of holies, whose priests guard the sacred texts of salvation -- the ones containing the secrets of subprime lending and derivatives as mysterious and elusive as the Grail itself. read more »

Education alone won’t solve the economic problems underlying the middle-class squeeze. We need an economy in which working people have more power in the labor market. read more »

Not since the era of the robber barons have so few held such a large piece of our economic pie. We are unlikely to achieve the policy changes that will benefit working people as long as our country tolerates extreme levels of wealth concentration. read more »