What’s going on with inflation? It’s a question that everyone is asking, and one that is particularly important for anyone entering bargaining this year. We can’t predict what is to come, but the evidence from the past year hasn’t been good for workers. The Consumer Price Index rose by more than 8 percent, its fastest …
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 …
Federal Reserve Chair Jerome Powell on Sunday warned that the nation’s unemployment rate could soar to 25 percent during the worst of the coronavirus crisis, though he said the economy should recover more quickly than during the Great Depression, when joblessness last reached those levels. “Those numbers sound about right for what the peak may …
Fed’s Powell warns unemployment could reach Depression-level 25 percent Read More »
Since President Donald Trump announced last month that he would nominate conservative activist Stephen Moore for a seat of the Federal Reserve Board, Moore’s past record of tax liens, sexist columns, and contempt of court have been front and center. On Sunday, Moore stood by one of his most controversial views: his belief that there should …
Trump’s Federal Reserve pick says there’s no need for any equal pay laws Read More »
January 20th marks the one-year anniversary of President Donald Trump’s inauguration. Since taking office, President Trump has overseen a string of policies that will harm working people and benefit corporations and the rich. Here we present a list of the 10 worst things Congress and Trump have done to undermine pay growth and erode working conditions …
Here Are the 10 Worst Attacks on Workers From Trump’s First Year Read More »
February, the first full month of the Trump presidency, witnessed solid jobs growth of 235,000 with the headline unemployment rate little changed, at 4.7 percent, according to the Bureau of Labor Services monthly report. Trump has already tweeted to claim credit for the results, but neither his plan nor his administration were in place. In …
We Must Create Good Jobs: Sherrod Brown Shows the Way Forward Read More »
On Friday, the U.S. Bureau of Labor Statistics reported the economy gained 235,000 payroll slots in February and upped its estimates for December and January by another 9,000 jobs. Over the three-month period, that means an average job growth of 209,000 jobs a month. Including the ups and downs, over the past 30 years, the …
On Wednesday, the Federal Reserve’s open market committee concluded its two-day meeting to set U.S. monetary policy. In a vote that divided the Board of Governors, appointed by the president and confirmed by the U.S. Senate in an open public process, and the presidents of the regional bank board presidents, chosen by boards dominated by banks …
The Federal Reserve Open Market Committee (FOMC) that determines U.S. monetary policy met in July. Its job is to weigh the state of the American economy, both the labor market and inflationary pressures to set policy. In an interesting note, its discussion of the labor market explicitly noted the condition of the African American and …
The recently released minutes of the last meeting of the Federal Reserve Board’s Open Market Committee revealed there was serious discussion of the fact the labor market still showed signs of weakness. A primary issue was the lack of evidence of strong wage growth, which would be a clear signal the labor market was tightening. …
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.
