December 07, 2012 at 15:28 PM EST
UCubed Rejects Stimulus Amount for Unemployed Americans as ‘Piddling’

The Union of Unemployed (UCubed) is calling for significantly higher stimulus funding to help millions of unemployed Americans return to work.

“There's a $50 billion stimulus package on the table in the fiscal cliff talks. To Americans who want to work, it’s a piddling amount,” said UCubed Executive Director Rick Sloan. “What is needed is a new WPA-style jobs program, one with sufficient resources to put eight million Americans to work in the New Year.”

According to Paul Krugman in ‘The Forgotten Millions,’ mass unemployment is costing $900 billion a year in Gross Domestic Production. Yet policy makers continue to ignore the jobs crisis.

While the national unemployment rate fell from 7.9 percent to 7.7 percent in November, the drop is in large part due to more than 500,000 American workers who dropped out of the labor force. The Labor Department also revised downward its estimates of job creation in September and October by 49,000 jobs.

“If this economy can do no better than 157,000 jobs each month, we are doomed to remain in recession and millions of unemployed Americans will go over their own personal fiscal cliffs,” said Sloan. “We owe our country and our fellow citizens a better fate than that.”

UCubed was formed to assist the millions of unemployed and underemployed Americans, and to provide a structure that allows them to take advantage of their growing numbers. For more information, visit Union of Unemployed.

Contacts:

IAMAW
LaToya Egwuekwe, 301-967-4520 (office)
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