Eric Parms enrolled at an Everest College campus in the suburbs of Atlanta in large part because recruiters promised he would have little trouble securing a job. He’d seen the for-profit school’s television commercials touting its sterling rates of job placement, and he’d heard the pledges of admissions staff who assured him that the campus … Continue reading
Student Debt and the Class of 2012 is our eighth annual report on the cumulative student loan debt of recent graduates from four-year colleges. Our analysis finds that the debt levels of students who graduate with loans continue to rise, with considerable variation among states as well as among colleges. Seven in 10 college seniors … Continue reading
Over the past decade, politicians and the press alike have claimed that welfare reform works. Despite these claims, many researchers question the success of welfare reform. Since 1996, and until the recent recession, many welfare participants in the United States have found some type of employment after leaving welfare. It is not clear how much … Continue reading
Unemployed people who have these resources retire more rapidly than those who cannot afford to do so, regardless of their job prospects. The results suggest that for job separations that do not lead to an immediate retirement, about half of the jobless spells end in retirement and half in re-employment. Among jobless spells that do end in retire- ment, most do so within a year after separation. Continue reading
Ford Motor Co. (F) plans to add 11,000 jobs in the U.S. and Asia in 2014, with more than half of those hires coming in the latter region where the company is scheduled to open two factories. Ford plans to hire about 6,000 people in Asia, most of them as hourly employees, according to a … Continue reading
The Alliance for a Just Society’s 15th annual Job Gap Study examines employment opportunities and outcomes nationally, in 10 states (Colorado, Connecticut, Idaho, Florida, Maine, Montana, Nevada, Oregon, Virginia and Washington State), and in New York City Continue reading
The number of Americans filing new claims for unemployment benefits rose sharply last week, reversing the prior three weeks declines, but a recent strengthening of the labor market likely remains intact. Initial claims for state unemployment benefits surged 68,000 to a seasonally adjusted 368,000, the Labor Department said on Thursday. That was the largest weekly … Continue reading
These findings are based on a new Pew Research Center survey of 2,002 adults, including 810 Millennials (adults ages 18 to 32),2 conducted Oct. 7-27, 2013 Continue reading
The North American Free Trade Agreement (NATFA) was the door through which American workers were shoved into the neoliberal global labor market. By establishing the principle that U.S. corporations could relocate production elsewhere and sell back into the United States, NAFTA undercut the bargaining power of American workers, which had driven the expansion of the … Continue reading
More than five years after the fall of Lehman Brothers we are still dealing with the problem of high unemployment, the worst kind of “waste” in economic theory. Is there a better approach? A number of scholars, notably Professor Randy Wray of the University of Missouri-Kansas City, have long proposed a Job Guarantee program or … Continue reading
The federal bailout of General Motors Co, Chrysler and parts suppliers in 2009 saved 1.5 million U.S. jobs and preserved $105.3 billion in personal and social insurance tax collections, according to a study released on Monday. The Bush and Obama administrations loaned the auto industry, including GM and Chrysler, which is now controlled by Italy’s … Continue reading
On the contrary, unemployment benefits help create jobs, and cutting those benefits would depress the economy as a whole he says Continue reading
The new attention to the struggle of the country’s lowest-paid workers reflects one of the more dissatisfying aspects of the current economic recovery. Since 2009, 54 per cent of the new jobs created in the U.S. have been low-wage positions, according to an analysis by EMSI, an employment research firm. In the ten occupations where … Continue reading
Congress is starting to take notice of the fact that more than 1.3 million people will lose their jobless benefits on Dec. 28 unless lawmakers renew an emergency aid program for the unemployed that\’s set to expire this year. House Democrats said on Thursday that they won\’t support a budget deal unless it includes a one-year … Continue reading
Those are good news. But the employment-population ratio is lower than in was a year ago. This performance must be repeated for several months Continue reading