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US – Latino Immigrants as Job Creators
CFR’s Renewing America initiative just released a new report by Alexandra Starr, a fellow at the New America Foundation, titled “Latino Immigrant Entrepreneurs: How to Capitalize on Their Economic Potential.” Through statistics and personal stories, the report explores Latino immigrant entrepreneurs’ growing contributions to the U.S. economy. Contrary to many who assume Latino immigrants just … Continue reading
US – Children of immigrants come out ahead
Children of immigrants are outperforming children whose family trees have deeper roots in the United States, learning more in school and then making smoother transitions into adulthood, according to sociologists at The Johns Hopkins University. Researchers Lingxin Hao and Han S. Woo tracked nearly 11,000 children from as young as age 13 into their early … Continue reading
But between 1971 and 2008, all the income growth went to the top 10%,
Between 1921 and 2008, the top 10% and the bottom 90% shared income gains equally. The split was 50-50 exactly, according to a new fun interactive graphic built by the Economic Policy Institute with data from economist Emmanuel Saez. But between 1971 and 2008, real income declined for the bottom 90%. All the growth went … Continue reading
US household income falls as gap between rich and poor widens
State and local governments have run out of funds from the 2009 stimulus package that helped balance their budgets and are now having to cut jobs, said Sheldon Danziger, director of the University of Michigan’s Gerald R. Ford School of Public Policy’s http://business.financialpost.com/2012/09/12/u-s-household-income-falls-as-gap-between-rich-and-poor-widens/
Disappearance of U.S. manufacturing jobs
In January 2012, there were more unemployed Americans (12.8 million) compared to Americans working in manufacturing jobs (under 12 million). China, the primary culprit, subsidizes its industries, manipulates its currency and has no minimum wages. . http://www.journalstandard.com/opinions/letters_to_the_editor/x2107492802/J-S-Letter-Disappearance-of-U-S-manufacturing-jobs
Twenty three million Americans are unable to find jobs or are underemployed.
23 million! So why, then, has Barack Obama and his goofy administration made it a priority to delay deportation of illegal aliens AND issue work permits to the invaders? http://www.canadafreepress.com/index.php/article/49485
US poverty rate at 15 per cent in 2011; record numbers of poor persist
US poverty rate at 15 per cent in 2011; record numbers of poor persist The report comes less than two months before the November presidential election, where the still-weak U.S. economy is the top issue for voters deciding between the leading candidates, President Barack Obama and Republican Mitt Romney. Experts had … http://www.winnipegfreepress.com/world/us-poverty-rate-at-15-per-cent-in-2011-record-numbers-of-poor-persist-169483156.html
More Jobs, Smaller Paychecks
More Jobs, Smaller Paychecks These figures, from a Census Bureau report released this morning, aren’t surprising. But they are a reminder of the fact that, while high unemployment remains a big problem for the U.S. labor market, it’s not the only problem. There’s also a long-term… http://www.npr.org/blogs/money/2012/09/12/161003786/more-americans-are-working-but-theyre-earning-less
US – Weak Hiring Is The Problem, Not Layoffs
How bad is America’s jobs market? Layoffs and firings are at the lowest levels on record — yet the country still isn’t adding enough jobs to keep up with population growth. During the Great Recession, employers slashed millions of jobs. During the economic recovery, net job growth has been tepid. But the problem is no … Continue reading
US – Young Adult Unemployment – Something permanent in character has changed, for worse
A long term look The Unemployment rate for 20 to 24 years is has been higher than the overall rate since the BLS has produced those two series, except for a couple of months at the beginning of the 50’s when the job market was at full employment. Each recession has worsened the relative situation … Continue reading
Inequalities in America – 288 times richer
The wealth gap between the richest Americans and the typical family more than doubled over the past 50 years. In 1962, the top 1% had 125 times the net worth of the median household. That shot up to 288 times by 2010, according to a new report by the left-leaning Economic Policy Institute. That trend … Continue reading
US – Employment rose by only 96,000 but unemployment rate down at 8.1%
Total nonfarm payroll employment rose by 96,000 in August, and the unemployment rate edged down to 8.1 percent, the U.S. Bureau of Labor Statistics reported today. Employment increased in food services and drinking places, in professional and technical services, and in health care. Household Survey Data The unemployment rate edged down in August to 8.1 percent. Since … Continue reading
Intel – Veterans hired for their job skills
Intel has hired nearly 400 veterans in Arizona since the first of the year, and the company’s recruiter said it makes good business sense. “The veterans we’re hiring absolutely meet critical skills we require,” said Robert Polston, director of veterans recruiting at Intel, a full-time employee since 2004 and a captain in the Arizona Army … Continue reading
U.S. Employment Outlook, Simply Hired
Nationwide job openings dip. For the first time in four months, nationwide job openings decreased in August, with a 1.7% decline from July. However, year-over-year job openings remain positive with a 2.5 percent increase. Job competition remained the same at a nationwide ratio of 3:1. “After three continuous months of job opening growth, nationwide job … Continue reading
Better Making Clothes In The US
Edwin Keh, a lecturer at the Wharton School at University of Pennsylvania, told WWD: “In the last couple of years, chiefly in the relationship of the U.S. dollar to the Chinese renminbi, it became less. Coupled with stubbornly high oil prices, suddenly the question became why take on so much risk to offshore when you … Continue reading
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