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July 14, 2025

Today in 1877

 The Great Railroad Strike of 1877, sometimes referred to as Thee Great Upheaval began today in Martinsburg, West Virginia, after the B&O Railroad cut wages were the third time in a year. Riots spread through 17 states. An estimated 100 people were killed in the 45 strikes. Workers burned down and destroyed both physical facilities and rolling stock of the railroads. Local populations feared that workers were rising in revolutions, such as the Paris Commune of 1871. 

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Nearly Half the US Population Is Without A Job
Posted On: Jul 02, 2020
July 2, 2020 | ECONOMY | Nearly half of the population is still out of a job showing just how far the U.S. labor market has to heal in the wake of the coronavirus.  The employment-population ratio — the number of employed people as a percentage of the U.S. adult population — plunged to 52.8% in May, meaning 47.2% of Americans are jobless, according to Bureau of Labor Statistics. As the coronavirus-induced shutdowns tore through the labor market, the share of the population employed dropped sharply from a recent high of 61.2% in January, farther away from a post-war record of 64.7% in 2000. This ratio is a broader look at the employment picture. It takes into account adults not in the labor force and captures those who were discouraged about the prospects of finding a job, whereas the unemployment rate looks at people actively looking for a job… CNBC 
 
 
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