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Search results for: “ Recession”
America celebrates Labor Day – but are US workers winning?
06/09/2021 Comments Off on America celebrates Labor Day – but are US workers winning?US economy America celebrates Labor Day – but are US workers winning? As McDonald’s and others increase wages, some economists say the balance is shifting in favor of workers – but will it last? Steven Greenhouse Mon 6 Sep 2021 04.00 EDT Last modified on Mon 6 Sep 2021 04.01 EDT As […]
Continue reading …August Job Growth Disappoints with 235K jobs created, unemployment down slightly
03/09/2021 Comments Off on August Job Growth Disappoints with 235K jobs created, unemployment down slightly
Total nonfarm payroll employment rose by 235,000 in August, and the unemployment rate declined by 0.2 percentage point to 5.2 percent, the U.S. Bureau of Labor Statistics reported today. So far this year, monthly job growth has averaged 586,000. In August, notable job gains occurred in professional and business services, transportation and warehousing, private education, […]
Continue reading …Unemployment Insurance Benefits Cuts Didn’t Force People Back To Work
26/08/2021 Comments Off on Unemployment Insurance Benefits Cuts Didn’t Force People Back To Work
Unemployment insurance benefits cuts did not force people back to work, research by the Economic Policy Institute found. The July state employment and unemployment data released Friday by the Bureau of Labor Statistics (BLS) showed that the strong job growth reported earlier this month in the national jobs data was widespread throughout the country. And, notably, the states that chose not to cut pandemic […]
Continue reading …Hiring And Retention Struggles For Employers To Continue Into 2020
25/08/2021 Comments Off on Hiring And Retention Struggles For Employers To Continue Into 2020
ARLINGTON, VA, August 25, 2021 — Hiring and retention struggles for many employers will persist into 2020, a new survey finds. That’s the conclusion of a survey of 380 employers by leading global advisory, broking and solutions company Willis Towers Watson. Employers are implementing initiatives including boosting salaries, increasing workplace flexibility, placing a greater focus on […]
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CEO pay 351 times more than the typical worker CEO compensation soars while millions were jobless due to the pandemic-driven recession in 2020. CEO compensation at the top 350 U.S. firms grew 18.9% to $24.2 million on average, according to a new EPI analysis. Meanwhile, typical worker compensation rose 3.9% in 2020. But this wage growth is overstated: high job loss among low-wage workers skewed the average wage higher. […]
Continue reading …Social Security Turns 86, Millions of Working People Lifted Out Of Poverty
16/08/2021 Comments Off on Social Security Turns 86, Millions of Working People Lifted Out Of Poverty
America’s Social Security safety net turns 86 this month. The Social Security Act of 1935 enacted by the 74th United States Congress and signed into law by US President Franklin D. Roosevelt, Aug. 14, 1935 The law created the Social Security program as well as insurance against unemployment. The law was part of Roosevelt’s New […]
Continue reading …This Is the Job Market We’ve Been Waiting For
06/08/2021 Comments Off on This Is the Job Market We’ve Been Waiting For
The new monthly numbers show job growth not seen in recoveries from the previous three recessions.
Continue reading …Canada still has fewer jobs than it did before the pandemic, even after adding 94,000 new ones last month
06/08/2021 Comments Off on Canada still has fewer jobs than it did before the pandemic, even after adding 94,000 new ones last monthCanada’s economy added 94,000 jobs in July, far fewer than what economists were expecting, but enough to push the jobless rate down to 7.5 per cent.
Continue reading …American Rescue Plan Funds Should Support An Equitable Recovery For Workers
05/08/2021 Comments Off on American Rescue Plan Funds Should Support An Equitable Recovery For Workers
By Asha Banerjee, Jaimie Worker, and Dave Kamper, EPI Working Economics Blog Last month, we at the Economic Policy Institute submitted a public comment on the U.S. Department of the Treasury’s guidance regarding the . These funds are part of the American Rescue Plan (ARP) Act’s resources for state and local communities to respond to the public health and economic crisis. […]
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
Today’s News & Commentary — August 11, 2021
11/08/2021 Comments Off on Today’s News & Commentary — August 11, 2021After a weekend of sluggish procedural advances, which Fred described on Monday, the Senate finally, after months of grueling bipartisan negotiations, passed a sweeping $1.2 trillion physical infrastructure package, called the Infrastructure Investment and Jobs Act, by an overwhelming bipartisan majority of 69-30. All 50 members of the Democratic caucus in the Senate voted for […]
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