By Dean Baker and Jared Bernstein Federal Reserve Chairman Janet Yellen gave a speech a few weeks ago that was doubly unusual. First, she provided a welcome and trenchant analysis of inequality, focusing on the stagnant income and wealth of middle- and low-income families relative to the top few percent. For the nation’s chief economist …
Full Employment: The Recovery’s Missing Ingredient Read More »
The economy added 288,000 jobs in April, a big boost over March’s 192,000 new jobs. The unemployment rate dropped to 6.3% from last month’s 6.7%, according to figures released this morning by the U.S. Bureau of Labor Statistics. Over the past year, the number of jobless has decreased by 1.9 million and the unemployment rate has fallen …
288,000 New Jobs Drop Unemployment Rate to 6.3% in April Read More »
Young workers in the euro zone have been among the hardest hit by the global economic crisis, and now even those in regions like East Asia, where economies have remained strong through the recession, are struggling to get jobs, a new International Labor Organization (ILO) report shows (click chart to enlarge). As the euro area crisis …
“For Most Graduates, a Grueling Job Hunt Awaits,” The Wall Street Journalwrites today. Over the weekend, The New York Times sounded the alarmabout employers’ growing use of unpaid internships in fields that typically have never exploited free labor. So, how bad is it for young workers? According to the Economic Policy Institute (EPI), over the past …
Young Workers Struggle to Find Jobs, Pay Student Debt Read More »
The U.S. economy added just 80,000 jobs in October and the nation’s unemployment rate dipped slightly to 9 percent, down from September’s 9.1 percent, according to the latest figures released this morning by the U.S. Bureau of Labor Statistics (BLS). The nation’s economy needs 130,00-150,000 new jobs each month just to keep up with the …
Economy Adds 80,000 Jobs, Jobless Rate Drops to 9% Read More »
If you feel like the recent recession screwed most of us over and left the fat cats even fatter, the next bit of information is going to really set you off. So I’d suggest that you go into the room with the most padding, remove all sharp objects and concentrate to keep your last meal …
Jobless Recovery? Yes. Profitless Recovery? Hell No. Read More »
Some 290,000 jobs were created in April, the fourth straight month in more than year the nation has seen gains in employment. Yet the unemployment rate worsened to 9.9 percent from 9.7 percent in March, according to data released this morning by the Department of Labor. The total unemployment figure, which includes those who are …
290,000 Jobs Created in April, Jobless Rate Worsens to 9.9 Percent Read More »
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.
