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Search results for: “ Recession”
Middle-Class Identification in US at Pre-Recession Levels
21/06/2017 Comments Off on Middle-Class Identification in US at Pre-Recession LevelsAbout six in 10 Americans see themselves as upper-middle or middle class, with most of the rest identifying as working or lower class. Middle-class identification has returned to pre-recession levels.
Continue reading …How HR Can Prepare for the Next Recession
21/02/2017 Comments Off on How HR Can Prepare for the Next Recession
Nearly 9 million Americans lost their jobs during the last recession. The unemployment rate peaked at 10 percent. More than 170,000 small businesses closed. And it could happen again—maybe this year.Recessions are less predictable than taxes but as inevitable as death. Business cycles tend to run for seven or eight years, and the most recent economic downturn—the Great Recession—ended in June 2009. The chance of another slump this year is 20 or 25 percent, according to Gregory Daco, head of U.S. macroeconomics for Oxford Economics, a U.K.-based economic forecasting group. (The odds of the pendulum swinging the other way and the economy growing at a higher rate are roughly the same, he says.)
Continue reading …Private-sector job growth accelerates to 214,000, easing recession concerns
02/03/2016 Comments Off on Private-sector job growth accelerates to 214,000, easing recession concernsPrivate-sector job growth accelerated last month in the face of financial market turmoil, with U.S. businesses adding a solid 214,000 net new positions, payroll firm Automatic Data Processing said Wednesday.
The job gains were up from a downwardly revised 193,000 in January.
The ADP figure, a harbinger…
Continue reading …Downplaying risk of recession, Yellen indicates an interest rate hike is coming this month
03/12/2015 Comments Off on Downplaying risk of recession, Yellen indicates an interest rate hike is coming this monthOne by one, lawmakers bombarded Federal Reserve Chairwoman Janet L. Yellen with reasons to hold off on raising a key interest rate for the first time in nearly a decade: slow wage growth, the strong dollar, recession fears and recent attacks in Paris and San Bernardino.Yellen downplayed each one…
Continue reading …Gallup: Fewer Will Rely On 401(k) in Retirement Than Pre-Recession
02/05/2014 Comments Off on Gallup: Fewer Will Rely On 401(k) in Retirement Than Pre-Recession
Retired Americans rely on Social Security as a major source of income By Rebecca Riffkin, Gallup Prior to the Great Recession, most Americans planned to rely on a 401(k), IRA, Keogh, or other retirement savings account when they retire. Today, 48% of Americans say they would rely on a 401(k) account in retirement — a […]
Continue reading …Recessions Are Killer, Cutting Short Older Workers’ Lives, Study Finds
22/02/2013 Comments Off on Recessions Are Killer, Cutting Short Older Workers’ Lives, Study Finds
Recessions can be fatal for older workers. A new study shows recession’s toll on health and reveals unexpected advantages of Social Security and Medicare for older workers, those in their 50s and 60s. The study conducted by Wellesley College economists found that over time, a recession can have significant, adverse effects on the health of […]
Continue reading …No Occupation Spared By Great Recession: Unemployment Up For All Jobs
01/02/2013 Comments Off on No Occupation Spared By Great Recession: Unemployment Up For All Jobs
Unemployment is up for all. The Great Recession took down ALL occupations, even those supposedly in demand. A new study from the Economic Policy Institute shows how unemployment increased for all occupations during the five years from 2007 to 2012. This parallels a lack of new jobs following the recessions. Slack demand for American workers […]
Continue reading …VIDEO: Labor Department reports best jobs news in four years since recession.
07/02/2012 Comments Off on VIDEO: Labor Department reports best jobs news in four years since recession.VIDEO: Labor Department reports best jobs news in four years since recession.
Continue reading …Five Costly Recession-Related Employee Retention Mistakes
29/11/2011 Comments Off on Five Costly Recession-Related Employee Retention Mistakes
By Ross Blake — Even though it’s an “employer’s market” with millions of capable people looking for work due to the recession, many employers are making these five costly employee retention mistakes. Mistake #1: Assuming employees “won’t dare leave now due to the recession.” Many organizations have discontinued their employee retention programs, figuring they aren’t needed […]
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From Paul Smith’s Welcome to the Occupation: A few weeks ago on a sunny Philadelphia Saturday or Sunday morning, I received a FourSquare notification that Frank Roche (of KnowHR fame) checked in at his place of work, IFractal. Since I was also at work myself, I saw this as an opportunity to take a break, […]
Continue reading …- Celebrating the Resilience of Low-Income Women
- CEOs Get to Retire Comfortably. Workers Like Me Deserve the Same.
- Jobs Increased 339,000 In May, Unemployment Up 0.3% To 3.7%
- The decline of job creation at new establishments
- Contractor faces 2 serious citations after US Department of Labor finds safety failures led to welder’s death at Bonner Bridge demolition project
- Investigation into worker’s severe arm injury finds Cusseta auto parts manufacturer, supplier willfully ignored safety precautions
- ‘It’s a sweat factory’: Instacart workers ready to strike for pay and conditions
- Ships backed up outside US ports pumping out pollutants as they idle
- Privacy fears as Moscow metro rolls out facial recognition pay system
- ‘We are not machines’: Hollywood workers poised to strike for better conditions
- Boeing pilot indicted for allegedly deceiving US regulators over 737 Max
- Ipswich apprentice butcher encourages others to consider industry
- Ipswich apprentice butcher encourages others to consider industry
- Over 10,000 John Deere workers strike over ‘years’ of poor treatment
- Corporations are pledging to be ‘water positive’. What does that mean?
- US Department of Labor investigation of crane collapse, double fatality on Interstate 10 finds Lufkin company failed to assemble crane properly
- For the 6th time in 7 years, federal inspectors find Illinois contractor putting construction workers at risk of industry’s deadliest hazard
- US Department of Labor proposes $83K in fines to healthcare facility for failing to protect workers from coronavirus hazards
- Facebook says it will do more to prevent online hate, harassment
- As U.S. prepares to reopen border, some urge Canada to relax testing requirement
- Biden orders companies to ease supply chain bottlenecks or he’ll ‘call them out’
- What is the ‘new model’ the EU is proposing for Northern Ireland?
- Apple to make 10 million fewer iPhones due to microchip shortage
- US Department of Labor, Mexican Consulate in Boston enter alliance to promote workplace safety, health among New England’s workers
- US Department of Labor sues Austin luxury car dealer that retaliated against employee who raised concerns of coronavirus hazards
- Vaccine hesitant New Yorkers consider leaving the city as mandates take effect
- Carbon emissions ‘will drop just 40% by 2050 with countries’ current pledges’
- House passes bill to raise US debt ceiling through early December
- ‘The stakes couldn’t be higher’: GE urged to invest in green US jobs
- Zellers returns — kind of — but the lowest price isn't quite the law
- Cement makers across world pledge large cut in emissions by 2030
- India faces electricity crisis as coal supplies run critically low
- California justice department to investigate enormous oil spill