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It's hard to say exactly why the labor market grew at such a tepid pace last month, adding just 88,000 jobs - not nearly enough to make a dent in the millions of unemployed or even keep up with population growth. Overall, though, it seems clear that consumers are still tapped out, with their incomes flat for years, and many of the new jobs being created lately are low-wage positions that don't leave people with much spending money.
This economy isn't out of the woods yet. Not by a long shot.
An influential state lawmaker in North Carolina is launching an effort to make it harder for his state’s citizens to vote. It’s a development that should trouble voters, especially because North Carolina’s election process has been improving lately.
Another month of weak job growth seems especially cruel after the greater-than-expected employment gains in February. But workers were already onto the trend, leaving the labor market in droves throughout March despite the anomaly of a statistical surge in hiring the month before.
Edwin Guzman already lost his job once for union-organizing. But today, he and several hundred fast food workers across New York City are on strike anyway.
The 5.6 million young adults who are willing and able to work but cannot find a job make up 45 percent of America’s unemployed workforce, while another 4.7 million are stuck in part-time jobs when they are seeking full-time employment, according to a new report from Demos. In total, the U.S. needs to add 4.1 million jobs for young workers — ages 18 to 34 — to return to pre-recession levels of employment.
NEW YORK, NY – In advance of the release of this month’s job figures, national public policy center Demos today issued a new report analyzing the lasting economic effects of youth unemployment.
Even as the politicians in Washington -- of both parties, alas -- talk about cutting Social Security benefits, more evidence keeps piling up that tomorrow's retirees will have higher financial needs than today's seniors. While nobody wants to admit it, the truth is that we should be talking about how to increase Social Security benefits in coming years, not decrease them.
Last week, over 80,000 gallons of crude oil spilled from an ExxonMobil pipeline in Arkansas. Twenty-two homes were evacuated and the cost of cleanup will be high. So, who will foot the bill? ExxonMobil? Taxpayers? Unfortunately, the answer looks like it will taxpayers will pay for cleanup for a reason that we should be very concerned about as discussion continues over the Keystone pipeline.
A few weeks ago I wrote about a part-time employee at Urban Outfitters who went to work with the flu in New York City becase she didn't have paid sick time and couldn't afford to stay home from her job as a cashier. So, for eight contagious hours, she dealt with the public.