Fed chair says unemployment numbers are much higher than reported

February 12, 2021

Jerome Powell, chairman of the Federal Reserve Bank, said the actual unemployment rate in the U.S. is “close to 10 percent” and not the 6.3 percent reported by the Labor Department. The Fed chair said that the labor force numbers do not account for people who have left the labor force or have been misclassified as employed. Mr. Powell said that getting the pandemic under control is the the key to bringing the economy and jobs back. He has advocated for a big response to stabilize at-risk American businesses and citizens and spur economic growth.

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Waffle House Workers Strike for Fair Pay and Better Working Conditions

Waffle House workers in Conyers, Georgia, are now on their third day of striking over what they call the company’s unfair policies. Led by the Union of Southern Service Workers (USSW), Waffle House employees are demanding an end to the mandatory “meal credit” deductions from their paychecks, along with better wages and improved working conditions.