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Credit reports weren’t designed to be job-screening tools. But about half of employers now use them when making hiring decisions, according to a 2012 study by the Society for Human Resource Management. The practice cuts across all sectors of the economy, from high-level management to office
In the media
Elizabeth Dwoskin
Evelyn Coke was a Jamaican-born, single mother of five who worked for decades providing care for sick and frail people in their homes. She came to the United States in her thirties and ultimately brought her children to live with her in New York City.
Blog
Sandra Butler
The retail sector has been a star of recent jobs reports. May's numbers from the Department of Labor say it was responsible for adding 28,000 positions to the overall economy. It's on an upward trend – the monthly retail employment number has averaged 20,000 for the past year. Considering one in
In the media
Helaine Olen
Last month Nevada joined a growing number of states and cities that are forbidding companies from using credit checks to make employment decisions. But the practice is still legal under federal law. [...]
In the media
Michele Bowman
Costco pays its workers wages well-above the industry standard, offering a reported average of $20.89 per hour plus affordable health coverage, vacation time, and a matched 401(k). This investment pays off in terms of a shockingly low rate of employee turnover.
Blog
Catherine Ruetschlin
As members of the class of 2013 stepped on stage to receive their diplomas, the unemployment rate in America stood at 7.6 percent — a bit better than the past four years, but that ain't saying much. Before the financial crisis, students graduating in 2007 faced a much rosier jobless rate of only 4.7
In the media
Lynn Stuart Parramore
“Welfare” as it now exists in the United States aims to provide a short-term safety net for very needy families with children and prepare adults to get jobs. The Temporary Assistance for Needy Families law passed by Congress in 1996 said that cash assistance should be limited to no more than five
Blog
Sandra Butler
Yesterday, Senator Jeff Merkley (D-OR) got off to an auspicious start as chair of the Banking Subcommittee on Economic Policy by doing something that is all too novel—inviting people with the most at stake in economic policy decisions to testify in Congress.
In the media
Greg Kaufmann
When fast food workers went on strike recently in Washington State, they weren't just protesting low wages. They were also protesting the lack of enough work hours and reliable schedules. Like low-wage employers everywhere, restaurant chains in Washington go to great lengths to limit their workers
Blog
David Callahan
Worried about your ability to set money aside for retirement? You should also worry about what happens to the money you do manage to put away. According to a report from Demos, the typical two-earner family with an employer-sponsored account will end up paying some 30 percent of its retirement nest
In the media
Marcus Stanley