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Dan Osborn shows some Democratic ideas can outperform the party

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DAN OSBORN, a candidate for the Senate in Nebraska, has a fable he recounts on the campaign trail. First told by a Canadian trade unionist in the 1960s, Mr Osborn’s version goes like this: “It’s a story about a society of mice that happens to be ruled by cats. The mice are just like our society. They go to work every day, they send their kids to school.” And each election, they pick from a crowd of cats to rule them. Eventually, “the mice wake up”. They realise the problem: it is not that “we’re electing the wrong kind of cat”. It is that “we’re electing cats”. Mr Osborn says that what makes him different is that he is “not ashamed to admit that I’m a mouse.”

The polls suggest he has a small but real chance of becoming a very powerful rodent. In this election, Democrats seem likely to lose their tiny majority in the upper chamber. But in staunchly Republican Nebraska, Deb Fischer, the state’s senior senator, faces an unexpectedly difficult fight to keep her seat. Mr Osborn managed to manoeuvre himself into being the only other serious candidate (the Democratic Party chose not to put anybody up). He is showing that, even in red states, Republicans can be vulnerable.

Speaking in a wine bar in Ashland, a suburb wedged roughly halfway between Omaha and Lincoln, Nebraska’s two big cities, Mr Osborn jokes that he is a transplant to the state—he moved to Omaha aged seven, when his father took a job on the railways. He met his wife at high school there, and on graduating, joined the navy. He later served in the Nebraska National Guard on a tank crew, before becoming a mechanic at the Kellogg cereal factory in Omaha, and getting involved in trade unionism. On his first day, he says, an “old Polish guy” told him to join the union. By 2021 he was the local union president, and led the Omaha leg of a bitter 77-day strike at all Kellogg’s plants. After that, in his telling, he was fired—and so ended up running for office.

At the age of 49, Mr Osborn is the picture of a white working-class union man. He dresses almost exclusively in plaid shirts and jeans (claiming not even to own a suit), usually with a naval baseball cap. When he speaks, he sometimes trips over his words—referring at one point to a “Mark Zuckerburger”. Yet there are hints of metropolitanism too. His daughter is a professional dancer in Hollywood. And despite his folksy charm he is unusually willing to talk about policy in detail. One proposal is to raise the cap on Social Security contributions so that workers with high incomes pay more.

Mr Osborn has maintained a studious silence as to where he would sit in the Senate. He claims to have been a registered independent his whole life, and will not say how he will vote in the presidential election. Ms Fischer’s spokesman argues however that he is a “liberal Democrat in disguise”. Her campaign has pointed to complimentary remarks Mr Osborn once made about Bernie Sanders (he praised the socialist senator from Vermont for raising money for his strike effort at Kellogg).

Mr Osborn’s rhetoric has Bernie-ish overtones. “This is a government for the 1% and the corporations,” he said at his event in Ashland. Yet, like many Donald Trump-supporting union members, he has some conservative stances. “There’s a lot of people we don’t want here that shouldn’t be here,” he says of illegal immigration. He argues that the border crisis is in fact engineered by Republicans in Congress: “Senator Fischer’s four big donors are meat packers in this state, who benefit from a wide-open border of undocumented workers that they can choose to exploit for next to nothing.” He also stresses that, despite supporting the restoration of Roe v Wade, he is a Catholic and personally opposed to abortion.

Can it work? Nebraska is now one of America’s reddest states. But it was not always so. The state had a Democratic senator until 2013. Mr Osborn’s advisers like to point out that it was home to William Jennings Bryan, a populist three-time Democratic candidate for president in the late 19th and early 20th centuries. Like Jennings Bryan, they argue that the Republican Party represents big-business interests. And in Ms Fischer, he has an ideal opponent. She is far from populist, and is much closer to Mitch McConnell, the Republican Senate minority leader, than she is to Mr Trump. At an event for the local Republican party in Norfolk, a small town in north-eastern Nebraska, she rejected a suggestion from one member that Republicans should have been more disruptive in Congress, defending the Senate’s rules and traditions.

If Mr Osborn has a chance, it is because it is the Democratic Party itself, not Democratic messages, that have fallen out of favour, so an outsider taking on the system can win. Even if he fails—still the most likely outcome—his campaign has sent a message that the sorts of working-class voters who have flocked to Mr Trump are not yet entirely sold on his party. The next election cycle may have a few more Dan Osborns. Perhaps they will call themselves “the Mice”.

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The unemployment rate for Black women fell in December

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A jobseeker holds flyers during the New York Public Library’s annual Bronx Job Fair & Expo at the the Bronx Library Center in the Bronx borough of New York, US, on Friday, Sept. 6, 2024.

Yuki Iwamura | Bloomberg | Getty Images

The unemployment rate fell for Black women in December, following an alarming increase in the figure for November.

Overall, nonfarm payrolls grew much more than expected in December, rising 256,000 in the month and topping economists’ prediction for a gain of 155,000, per Dow Jones. The unemployment rate ticked down to 4.1% in a sign of a resilient labor market. The data fueled the belief that the Federal Reserve may cut interest rates much less than anticipated this year.

For Black women, the unemployment rate dropped to 5.4% in December. That’s down from 5.9% in November, when the jobless rate rose nearly a percentage point for the cohort. The labor force participation rate, which tracks the population employed or seeking work, inched up to 62.4%.

Among Black workers overall, the unemployment rate also declined in December, slipping to 6.1%. That compares to a rate of 6.4% in November and 5.7% in October.

“There were some concerns about the Black unemployment rate going up,” said Elise Gould, senior economist at the Economic Policy Institute, referring to November’s uptick. “It’s still significantly higher than for other groups – and that’s still a concern – but nothing in this report jumps out as particularly problematic.”

Black men also made strides, with the jobless rate declining to 5.6% in December from 6% a month earlier. The labor force participation rate for the cohort inched lower to 68.2% last month from 68.7%.

Hispanic men also saw their unemployment rate improve in December, ticking down to 4% from 4.4% as labor force participation improved.

Though the unemployment rate among Hispanic women inched up to 5.3% last month from 5.2%, Gould noted that this shift is within the margin of error. “There’s a lot of volatility with the data,” she said. “I would say that things mostly held steady.”

By comparison, the jobless rate fell to 3.6% in December among white workers overall. That’s down from 3.8%. Among white men, the unemployment rate slipped to 3.3% last month from 3.5%, but the figure held steady at 3.4% for white women.

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Here’s where the jobs are for December 2024 – in one chart

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December’s job report marked yet another month of stronger-than-expected growth, with gains coming from many different parts of the U.S. economy.

Last month, health care and social assistance jobs saw the largest gains for a third consecutive month, adding 69,500 to payrolls, according to data from the Bureau of Labor Statistics. Including private education, as some economists do, the health care group’s growth would have risen by 80,000.

Retail trade, which added 43,400 jobs, and leisure and hospitality, up 43,000, scored the second- and third-largest increases last month. Retail trade jobs are in or outside a store, from infomercials to street vendors to vending machines, can sell to consumers or other businesses and involve after-sale services, such as repair and installation, the BLS says.

Government jobs rounded out the top four, posting growth of 33,000 in December.

“Recently, job growth has been very narrowly concentrated in government and health care,” Julia Pollak, ZipRecruiter’s chief economist, told CNBC. “Now, it seems like perhaps it’s broadening out.”

Retail growth, a sharp turnaround from steep losses in November, was bolstered by employment increases across key categories. Notably, clothing, clothing accessories, shoe and jewelry retailers saw an increase of 23,000 positions, while general merchandise retailers and health and personal care retailers grew by 13,000 and 7,000 jobs, respectively, according to BLS data.

That rise is “not just a blip,” Pollak said, adding that it reflects other data that shows an improving backdrop in the sector.

For instance, the Federal Reserve Bank of Dallas’ December Texas Retail Outlook Survey showed an acceleration in retail sales activity. The sales index, which measures state retail activity, hit its highest level since late 2021.

“Retailers are more upbeat on 2025 and on the backs of a strong consumer,” Pollak continued. “We’ll probably see more movement in the housing market coming soon.”

In contrast to the strength in retail trade, manufacturing – which saw sizable growth in November – led the declines for December, losing 13,000 jobs.

Additionally, mining and logging, and wholesale trade reversed course last month from November. After seeing slight increases two months ago, mining and logging employment dropped by 3,000, while wholesale trade slumped even more, losing 3,500 positions.

Professional and business services, plus financial activities continued to be bright spots. Those two groups were among the nine in 13 sectors that added jobs last month.

“We’re seeing improvement in total vehicle sales, Americans are making big ticket purchases again, [and] businesses are buying vehicles too,” Pollak said. “These trends have been picking up over the last few months; they were taking a while to filter into the labor market, but this report suggests … perhaps a recovery is starting to take hold.”

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Jobs report December 2024:

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Job growth was much stronger than expected in December, possibly providing the Federal Reserve less incentive to cut interest rates this year.

Nonfarm payrolls surged by 256,000 for the month, up from 212,000 in November and above the 155,000 forecast from the Dow Jones consensus, the Bureau of Labor Statistics reported Friday.

The unemployment rate edged down to 4.1%, one-tenth of a point below expectations. An alternative measure that includes discouraged workers and those holding part-time positions for economic reasons moved down to 7.5%, a decrease of 0.2 percentage point and the lowest since June 2024.

Stock market futures were negative after the report’s release while Treasury yields soared.

The report brings to a close a year in which employment grew each month, though inconsistently and at times raising questions over whether a recession loomed. However, the final two months showed a labor market still operating at strength as the Fed contemplates its next moves on monetary policy.

One area that Fed officials have stressed to not be a source of inflation is the labor market, and wages grew slightly less than expected.

Average hourly earnings increased 0.3% on the month, which was in line with forecasts, but the 12-month gain of 3.9% was slightly below the outlook and indicative that wage inflation at least is becoming less of a factor. The average work week again held steady at 34.3 hours.

Job growth came from the familiar sources of health care (up 46,000), leisure and hospitality (43,000) and government (33,000).

Retail also saw a sizeable gain, up 43,000 after losing 29,000 in November heading into the holiday shopping season. The sector saw payroll growth of 2.2 million for the full year, down nearly one-third from the 3 million gain in 2023.

Revisions for prior months were less substantial than has been the recent trend. The October count saw an upward change of 7,000 to 43,000, while the November number was cut by 15,000 from the prior estimate.

This is breaking news. Please check back for updates.

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