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Mon Jul 2, 2012, 08:59 PM

Today in Labor History: July 02 U.S. employers cut 467,000 jobs over the prior month 2009 & more


July 2

The first Wal-Mart store opens in Rogers, Ark. By 2012 the company had 8,500 stores in 15 countries, under 55 different names, employing more than 2 million people. It is known in the U.S. and most of the other countries in which it operates for low wages and extreme anti-unionism - 1962

Economics for Everyone: A Short Guide to Capitalism is a concise and readable book providing nonspecialist readers with all the information they need to understand how capitalism works Ė and how it doesnít. Answers questions such as "What really happens on the stock market?" "Do workers need capitalists?" "Why does capitalism harm the environment?" Offers both a realistic assessment of capitalismís strengths and a robust critique of its many failures. In the UCS bookstore now.

President Johnson signs Title VII of the Civil Rights Act of 1964, forbidding employers and unions from discriminating on the basis of race, color, gender, nationality, or religion - 1964

The Labor Dept. reports that U.S. employers cut 467,000 jobs over the prior month, driving the nationís unemployment rate up to a 26-year high of 9.5 percent - 2009

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