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Rick Claypool on OxyContin Bankruptcy, Dean Baker on Economic Disconnects

Rick Claypool on OxyContin Bankruptcy, Dean Baker on Economic Disconnects

  Purdue heir David Sackler and wife Joss depicted in Vanity Fair (8/19) This week on CounterSpin: The engineers of the crack epidemic were never offered a deal to get out of the biz with impunity as long as they gave some money towards helping the families, communities and healthcare systems broken in the wake […]

Judge rules California gig workers law is unconstitutional

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Judge rules California gig workers law is unconstitutional

(CN) — A California Superior Court judge ruled Friday evening that a 2020 ballot measure that considered California gig workers as independent contractors with limited benefits is unconstitutional. The movement behind Proposition 22 was supported by gig economy companies such as Uber, Lyft and DoorDash, who spent more than $200 million to promote the ballot […]

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California jobless rate steady at 7.6%, but experts say labor market picking up steam

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California jobless rate steady at 7.6%, but experts say labor market picking up steam

(CN) — California’s unemployment rate remained at 7.6% in July, with employers adding 114,400 payroll jobs. That rate remains above the national 5.4% unemployment rate, according to numbers released Friday by the U.S. Bureau of Labor Statistics and the California Employment Development Department. July’s numbers mirror the state’s unemployment rate for June, which was initially […]

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July jobless rates down in 17 states; payroll jobs up in 38 states

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In July, unemployment rates were lower in 17 states and the District of Columbia and stable in 33 states. Nonfarm payroll employment increased in 38 states and the District and was essentially unchanged in 12 states.This post was originally published on this site

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Tech job postings rise 16% in second quarter

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Tech job postings rise 16% in second quarter

Postings for tech jobs rose 16% in the second quarter compared to the first, according to a report released last week by DHI Group Inc. (NYSE: DHX), the parent company of job board Dice.“We are in one of the hottest tech job markets since the dot-com era, as evidenced by the upward trend in tech job postings since November 2020,” said Art Zeile, CEO of Dice.DHI’s analysis is based on more than 1 million tech job postings between April and June of this year and is compared to job-posting data from January through March as well as historical trends.It noted 48 out of the top 50 cities for tech jobs saw growth. Las Vegas saw the highest growth in tech jobs among cities with a quarter-over-quarter increase of 43%. It was followed by Sacramento, California, with an increase of 36%.Here are the top 10 cities in terms of tech jobs growth:

Las Vegas, up 43%

Sacramento, California, up 36%

Huntsville, Alabama, up 35%

Nashville, Tennessee, up 32%

Hartford, Connecticut, up 31%

Miami, up 30%

Colorado Springs, Colorado, up 27%

Phoenix, up 26%

Austin, Texas, up 25%

Jersey City, New Jersey, up 25%

The most popular skills included Python, project management, Salesforce-related skills and data management.

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Economy gains 943,000 jobs as delta variant threatens recovery

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Economy gains 943,000 jobs as delta variant threatens recovery

(CN) — American employers added 943,000 jobs in July, a sign that the economic recovery from the coronavirus pandemic remained on track before the delta variant sparked new worries about a return to widespread restrictions.   While employers beat expectations of around 850,000 new jobs last month, some experts say the next jobs report may […]

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National eviction ban to end as Covid-19 cases rise

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National eviction ban to end as Covid-19 cases rise

(CN) — After a last-minute Congressional scramble on Friday failed to extend the federal eviction moratorium, the measure is set to expire Saturday, ending protections that have helped millions of Americans keep a roof over their head during an unprecedented medical emergency.  “It’s like the worst thing that can happen to a family,” said Zach […]

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California’s June Unemployment Rate Holds Steady at 7.7%

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California’s June Unemployment Rate Holds Steady at 7.7%

SACRAMENTO, Calif. (CN) — The prolonged revival of the leisure and hospitality sector continues to spur California’s economic recovery as the state added more jobs in June than any other except Florida.  California gained a robust 73,500 payroll jobs last month, but signs of a slowdown are emerging as its 7.7% unemployment rate remains stubbornly […]

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Inflation Posts Highest One-Month Gain Since Great Recession

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Inflation Posts Highest One-Month Gain Since Great Recession

MANHATTAN (CN) — Inflation jumped nearly 1% again last month, with the hot economy seeing the largest one-month increase since the early days of the Great Recession. Core inflation — a measure of prices, sans food and energy — and headline inflation — which measures all goods — both increased by 0.9%, about double what […]

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G-20 Finance Ministers Back Deterring Use of Tax Havens

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G-20 Finance Ministers Back Deterring Use of Tax Havens

(AP) — Top finance officials representing most of the world’s economy have backed a sweeping revision of international taxation that includes a 15% global minimum corporate levy to deter big companies from resorting to low-rate tax havens. Finance ministers from the Group of 20 countries endorsed the plan at a meeting Saturday in Venice.  U.S. […]

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