In his State of the Union address, President Obama called for Congress to raise the minimum wage. Weekend Edition Saturday host Scott Simon speaks with David Leonhardt, the Washington bureau chief of The New York Times, about the political prospects for such a plan. Click on the image to get to the podcast via The … Continue reading
As the Spring Festival is coming to an end, graduate students may find it harder to get a desirable job than usual, as a recent survey shows that only 29 percent of students with master’s degrees have secured jobs, down from last year. A survey conducted from December last year to January 2013 by My … Continue reading
Wall Street may seem like its old self again. Financial giants including Goldman Sachs Group Inc. raked in mega profits in 2012. Bonuses are expected to fatten more Wall Streeters’ pockets than last year. The Dow Jones industrial average has been flirting with an all-time high after topping 14,000 for the first time in half … Continue reading
From a macroeconomic perspective, the health care sector has functioned for some time as the main economic locomotive pulling the economy along. In the last two decades, it has created more jobs on a net basis than any other sector. Oddly, not much is made of the job-creating ability of the health care sector in … Continue reading
What explains the sharp decline in U.S. employment from 2007 to 2009? Why has employment remained stubbornly low? Survey data from the National Federation of Independent Businesses show that the decline in state-level employment is strongly correlated with the increase in the percentage of businesses complaining about lack of demand. While business concerns about government … Continue reading
The Federal Reserve’s aggressive easing of monetary policy is warranted given the still-battered state of the U.S. labor market, Fed Vice Chairwoman Janet Yellen said on Monday. In an address to the politically influential AFL-CIO, the largest U.S. labor group, Yellen, a potential successor to Fed Chairman Ben Bernanke next year, bemoaned the unusually weak … Continue reading
There’s a growing meme that the market and the economy are about to have a date with destiny. The thinking is this: Markets have surged all year like there’s not a care in the world. On the other hand, the economy has already been buffeted by one major headwind (the end of the payroll tax … Continue reading
SINCE the job market in the United States hit bottom more than three years ago, men have benefited from the recovery far more than woman have, with middle-aged women doing particularly poorly. From December 2009 through last month, the economy added 5.3 million jobs, according to the Labor Department’s monthly survey of households. Only 30 … Continue reading
Seven million new jobs are expected to be generated from the booming tourism industry in the next years. Tourism Secretary Ramon Jimenez said people are expected to feel the impact of the growing tourism industry. “What is beautiful about tourism is that it has a trickle effect, every tourism activity generates new jobs,” he said. … Continue reading
Following two months of gains, employment decreased slightly in January (-22,000). A decline in the number of people looking for work pushed the unemployment rate down 0.1 percentage points to 7.0%. Chart 1 Employment Compared with 12 months earlier, employment increased by 1.6% or 286,000, all in full-time work. Over the same period, the total number of hours worked rose 1.7%. In January, employment declined … Continue reading
Quirky art configurations dot a vast, snowy plain: a giant silver cylinder curves upwards into the sky, a wooden ship tosses on an icy sea and long-winged insects cling to a pole. In some ways, the Russian village of Nikola-Lenivets in December looks like Burning Man’s creativity was copied and pasted onto the tundra. The … Continue reading
Australia posted a seasonally adjusted unemployment rate of 5.4 percent in January, the Australian Bureau of Statistics said on Thursday. That was unchanged from the previous month, and it also beat forecasts for 5.5 percent. The Australian economy created 10,400 jobs in January – well ahead of forecasts for an increase of 6,000 jobs after … Continue reading
“The State of the Union address is Obama’s opportunity to suggest some practical compromises on immigration, gun control, debt-reduction, and other topics,” said University of Virginia political expert Larry Sabato. “Certainly, he won’t want to negotiate with himself, but a president can send signals by what he mentions and doesn’t mention, what he puts first … Continue reading
“Nearly one-quarter (23%) of all survey respondents report being laid off from either a full-time or part-time job during and after the recession (over the past four years)” write Mark Szeltner Carl Van Horn, Ph.D. Cliff Zukin, Ph.D. of the John J. Heldrich Center for Workforce Development in Diminished Lives and Futures: A Portrait of America … Continue reading
Whether you’re looking for work or are seeking a promotion at your current job, dressing the part can make all the difference. Though it’s easy to say that appearances shouldn’t matter and that a candidate should be judged on their merit and accomplishments rather than their chosen style of dress, the truth is that your … Continue reading