economy

Report: 73.4 Million Young Workers Jobless in 2013

A stunning 73.4 million young workers are estimated to be jobless in 2013, an increase of 3.5 million between 2007 and 2013, according to an International Labor Organization (ILO) report released Wednesday. Even worse, the number of unemployed young workers is likely to increase through 2018, with the long-term impact felt for decades, the report forecasts. …

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CEPR Report: How to Create More ‘Good’ Jobs

A new report from the Center for Economic and Policy Research (CEPR) shows the country needs to increase union membership significantly, create universal health care, a universal retirement system (beyond Social Security), expand college attainment and achieve gender pay equity to create more “good” jobs in the United States. CEPR defines a good job as one that …

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7 Ways the Sequester Is Inflicting Real Pain

We already covered how sequestration cuts will affect your state, but here’s an update on the pain these cuts are causing in communities across the country since they went into effect March 1. Think these cuts aren’t painful? Think again. Here are some highlights on the sequester’s reign of terror from newspapers and media outlets across …

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St. Louis Post-Dispatch: Unions to Blame for Economic Woes? ‘Oh, Please’

Today, the St. Louis Post-Dispatch Editorial Board ridiculed the absurd notion from the Missouri state Senate that somehow union members (teachers, nurses, secretaries, pothole fixers and home health care workers) are to blame for the state’s economic woes. “Oh, please,” the board responds.  In its editorial, the board points out Missouri state workers are the lowest paid in …

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Unemployment: Why Won’t Congress Talk About It!?

An interesting look at the unemployment rate. “What is currently a temporary long-term unemployment problem runs the risk of morphing into a permanent and costly increase in the unemployment rate” unless Congress takes action to create jobs.  Why the Unemployment Rate Is So High – New York Times Unemployment claims have increased slightly. “The Labor …

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As New Jobs Return, Employers Slash Wages

New data has shown that while a majority of jobs eliminated during the downturn were in what we describe as the middle range of wages, the great majority of jobs added as the economy improves were low paying jobs, reported Katherine Rampell in the business section of the New York Times on Friday, August 31, …

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Corporate Profits Hit Record High While Worker Wages Hit Record Low

A constant conservative charge against President Obama is that he is inherently anti-business. However, businesses keep defying the storyline by making larger and larger profits, rebounding nicely out of the Great Recession. In the third quarter of this year, “corporate earnings were $1.75 trillion, up 18.6% from a year ago.” Corporations are currently making more …

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Florida Leads Race to the Bottom on Unemployment Compensation

Americans faced with a tough economy face significant struggles when they lose their jobs. Since the 1930s, workers who are without jobs through no fault of their own have had the safety net of the unemployment compensation program to serve as a backup plan until they get back on their feet. Under new rules implemented …

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Madeline Messa

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.