FACT SHEET: Treasury Department Releases First-Of-Its-Kind Report on Benefits of Unions to the U.S. Economy

The Treasury Department has released a comprehensive report highlighting the positive role that labor unions play in addressing challenges faced by the middle class, such as stagnant wages and high housing costs, while also contributing to a more robust and resilient economy.

treasury.gov

Relevant topic timeline:

8/28/2023

Kamala Harris touts strength of labor unions to build the middle class

Unions play a crucial role in boosting pay and improving fringe benefits, reducing wage gaps, and strengthening the middle class and economy, as highlighted in a U.S. Department of the Treasury report released and supported by Vice President Kamala Harris.

9/1/2023

What the latest jobs report signals for American workers

The August jobs report shows a healthy labor market with steady growth, although there are signs of cooling due to higher interest rates and downward revisions to previous job numbers, but overall it is seen as a robust report, with women and immigrants playing a significant role in the labor force. There are some concerns, such as Americans spending down their savings and potential consequences of the Federal Reserve's rate hikes.

9/4/2023

US unions have flexed their muscle this past year. Are they winning?

US unions have experienced a surge in strikes over the past year, with major victories and defeats, as workers leverage low unemployment and a favorable public opinion toward unions to demand better pay, benefits, and working conditions.

9/4/2023

'Perfect storm': What is causing labor strikes and disputes?

Labor unions across the United States, from UPS employees to United Autoworkers, are demanding better working conditions and higher wages due to increased workloads and insufficient pay, leading to an increase in strikes.