The democratic principle of tuition-free education in our country pre-dates the founding of the United States. The first public primary education was offered in the Massachusetts Bay Colony in 1635, and its legislature created Harvard College the following year to make education available to all qualified students. Even before the Constitution was ratified, the Confederation …
The path toward economic recovery in the U.S. has become sharply divided, with wealthier Americans earning and saving at record levels while the poorest struggle to pay their bills and put food on the table. The result is a splintered economic picture characterized by high highs — the stock market has hit record levels — …
‘A tale of 2 recessions’: As rich Americans get richer, the bottom half struggles Read More »
The U.S. economy gained 1.8 million jobs in July, and the unemployment rate declined to 10.2%, according to figures released Friday morning by the U.S. Bureau of Labor Statistics. The improvements reflect the continued resumption of economic activity that previously was curtailed because of the COVID-19 pandemic. Last month’s biggest job gains were in leisure and hospitality (+592,000), government (301,000), retail trade (258,000), professional and …
Economy Gains 1.8 Million Jobs in June; Unemployment Declines to 10.2% Read More »
More jobs are disappearing for good, dashing hopes of a rapid economic rebound. Tens of millions of Americans have lost their jobs in the coronavirus recession, but for many of them the news is getting even worse: Their positions are going away forever. Permanent losses have so far made up only a fraction of the …
A growing side effect of the pandemic: Permanent job loss Read More »
The most vulnerable states for seeing their federal aid cut are those that already carried some of the lowest credit ratings. Senate Majority Leader Mitch McConnell and New York Gov. Andrew Cuomo couldn’t be farther apart in their views of how Congress should help states recover from the recession. But their states are among those …
‘Tidal wave’: States fear fiscal disaster as Congress slow-walks aid Read More »
White House economic advisers and GOP lawmakers including Senate Majority Leader Mitch McConnell contend the extra payment acts as a disincentive for workers to seek new jobs. More than 30 million people are receiving unemployment benefits and new applications for jobless aid have started to rise again. But Republicans want to reduce a $600 enhanced …
Biden is pledging to invest $300 billion in research and development over four years that would be spread across the U.S. Former Vice President Joe Biden is laying out a plan to rebuild the U.S. economy that includes cracking down on outsourcing, investing billions in research and development and creating at least 5 million jobs …
Biden vows to create 5M manufacturing jobs, ‘Buy American’ Read More »
Thursday’s jobless data failed to capture the latest devastation, economists say. Thursday’s monthly jobs numbers look great on paper: 4.8 million jobs were added in June as states reopened. But those numbers are a deceiving bump — with the resurgence of the virus and a fresh wave of shutdowns, the reality of the job market is …
‘It’s all backwards-looking’: June’s positive jobs data obscures a grimmer reality Read More »
The U.S. economy gained 4.8 million jobs in June, and the unemployment rate declined to 11.1%, according to figures released Thursday morning by the U.S. Bureau of Labor Statistics. The improvements reflect the continued resumption of economic activity that previously was curtailed because of the COVID-19 pandemic. Last month’s biggest job gains were in leisure and hospitality (+2.1 million), retail trade (740,000), …
Economy Gains 4.8 Million Jobs in June; Unemployment Declines to 11.1% Read More »
We’ve had plenty more news this week indicating just how bad things are economically now and how long they are likely to remain bad. Federal Reserve Chairman Jerome Powell, who has warned that gross domestic product could drop 30% this quarter, on Wednesday reinforced what other analysts have said about the crunch affecting American workers: ”It’s just going to be very …
Madeline Messa is a 3L at Syracuse University College of Law. She graduated from Penn State with a degree in journalism. With her legal research and writing for Workplace Fairness, she strives to equip people with the information they need to be their own best advocate.
