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By Paul Kiel and Krista Kjellman Schmid, ProPublica, and Mitchell Hartman, Marketplace– Seven years after Congress banned payday-loan companies from charging exorbitant interest rates to service members, many of the nation’s military bases are surrounded by storefront lenders who charge high annual percentage rates, sometimes exceeding 400%. The Military Lending Act sought to protect service members […]
Continue reading …There are almost 200 million persons with intellectual disabilities in the world. For many of them, finding a stable job represents a major challenge. In Li’s case, a little help has made a big difference. Li Chao ILO News– Li Chao is making marmite at the Wan Feng restaurant in Beijing’s Fengtai district. […]
Continue reading …Staffing firm ManpowerGroup is urging manufacturers to commit to private-public sector task forces for developing market-specific solutions to address the skills shortage within the U.S. manufacturing industry. “Innovative manufacturing and prototyping enterprises are growing in the U.S., but hiring in manufacturing is not as robust as we’d like to see,” said Jonas Prising, ManpowerGroup president. “Contemporary […]
Continue reading …Having a change of heart after predicting more robust hiring, employers now say they expect their college hiring levels to remain relatively flat, according to a new report from the National Association of Colleges and Employers (NACE). Employers taking part in NACE’s Job Outlook Spring Update survey say they will hire 2.1% more new college […]
Continue reading …FROM THE CONFERENCE BOARD– The April job increase, and upward revisions for earlier months, was a pleasant early spring surprise. Still, the fundamental problem, four years after the official end of recession, is the continued lack of more final demand, holding firms back from hiring faster. This is especially pronounced in the service sector (excluding health […]
Continue reading …By JENNY MARLAR, Gallup— The U.S. Payroll to Population employment rate (P2P), as measured by Gallup, was 44.5% for the month of April, up from 43.4% in March. This is the highest P2P rate so far in 2013, but is still more than a percentage point lower than the 45.7% seen last October, the highest […]
Continue reading …New Report from The Conference Board Examines CEO Succession in the S&P 500 During 2012, 27.1% of S&P 500 companies facing a CEO succession hired an outsider for the top job, according to CEO Succession Practices: 2013 Edition, a new report by The Conference Board released today. The rate confirms an upward trend recorded since the 1970s, […]
Continue reading …This article on wage theft is part of an ongoing AlterNet series, “The Age of Fraud.“ By LYNN STUART PARRAMORE, AlterNet— Imagine you’ve just landed a job with a big-time retailer. Your task is to load and unload boxes from trucks and containers. It’s backbreaking work. You toil 12 to 16 hours a day, often without […]
Continue reading …The so-called shortage of U.S. workers in science, technology, engineering and math (STEM) fields may be creation of multi-national companies that want to keep wages low. Contrary to many industry claims, the study finds that U.S. colleges and universities provide an ample supply of highly qualified science, technology, engineering and math (STEM) graduates. In new […]
Continue reading …By DANIELA YU, JIM HARTER, and SANGEETA AGRAWAL, Gallup— Thirty-six percent of managers and executives were “engaged” in their jobs in 2012 — meaning they are deeply involved in and enthusiastic about their work and actively contributing to their organization. This is the highest level of worker engagement across 12 different occupation types and is […]
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