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U.S. economic growth rose at 6.5% pace in second quarter; GDP returns to pre-pandemic levels

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U.S. economic growth rose at 6.5% pace in second quarter; GDP returns to pre-pandemic levels

WASHINGTON — U.S. economic growth in the second quarter wasn’t the rip-roaring spring as many had projected earlier, but the continuing recovery from the pandemic was still very strong and more than enough to lift the nation’s total output above where it was before COVID-19 hit, according to government data released Thursday.With new pandemic worries and […]

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Private Equity – Rein It In Before It Destroys More Jobs

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Private Equity – Rein It In Before It Destroys More Jobs

The Hufcor plant in Janesville, Wisconsin was profitable before investors gobbled it up. Now it’s the latest highway robbery by private equity. By Elisa McCartin | July 21, 2021 This spring, 166 workers in Janesville, Wisconsin awoke to a nightmare. OpenGate Capital, the private equity firm that owns their employer, Hufcor, announced it was moving […]

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As the COVID pandemic ravaged the nation in 2020, hires and turnover reach record highs

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As the COVID pandemic ravaged the nation in 2020, hires and turnover reach record highs

Data from the Job Openings and Labor Turnover Survey (JOLTS) highlight the effects of the coronavirus disease 2019 (COVID-19) pandemic and the results of efforts to mitigate its spread in 2020. With the challenges of the pandemic, many of the JOLTS data elements experienced shocks early in the year before returning to previous trends. Data […]

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California's jobs recovery is starting to lose steam. Here are the numbers

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California's jobs recovery is starting to lose steam. Here are the numbers

For months, California has added jobs at breakneck speed as it pulls out of the pandemic recession. In June, that pace clearly slowed. This month, the spread of a coronavirus variant is adding to concerns about the recovery ahead. After four consecutive months in which each added more than 100,000 jobs, June’s gain was 73,500, […]

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US community colleges see ‘chilling’ decline in enrollment during pandemic

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US universitiesUS community colleges see ‘chilling’ decline in enrollment during pandemicExperts worried about long-term impact on low-income and non-white Americans, populations community colleges tend to serve Lauren ArataniSat 10 Jul 2021 06.00 EDTLast modified on Sat 10 Jul 2021 06.02 EDTDavid Ramirez, a student at Pasadena City College in Pasadena, California, struggled with balancing work and classes during the pandemic. Ramirez, who works at Starbucks, worked at least 30 hours a week in addition to his classes.He wasn’t alone. The number of students enrolled in community colleges – local educational establishments that offer two-year courses and are often seen as an affordable stepping stone to higher education – was down 9.5% this past spring, about 476,000 fewer students than in spring 2020, according to National Student Clearinghouse data released last month.‘The benefits outweigh the negatives’: US college students return to classRead moreThe fall has experts worried about the long-term impact of the pandemic on the less-well-off. During recessions, enrollment at community colleges tends to increase as those who become unemployed go back to school. But the disproportionate impact Covid-19 had on low-income and non-white Americans, populations that community colleges tend to serve, created a plunge in community college attendance during the pandemic.“I didn’t really have the option to stay virtual and work from home, so I was essentially exposed to this virus every single day. That was a lot to handle on a day-to-day basis and then go home and try to work on schoolwork,” Ramirez said. “That’s the daily experience for students, especially because financial aid for community college doesn’t really cover the full cost of attendance.”Online classes, especially for science, technology, engineering and mathematics (Stem) subjects, were particularly frustrating to manage as the material was difficult to learn virtually.“I imagine a lot of students simply gave up,” he said.While overall college attendance dropped 5%, or 727,000 students, this spring compared with last year as many students opted out of virtual learning, community colleges saw the steepest declines when compared to four-year institutions and graduate schools. Enrollment at graduate schools actually increased 4.6% compared with last year.The bulk of enrollment drops at community colleges were seen by schools’ youngest students, ages 18 to 24. Separate data from the National Student Clearinghouse has shown a 6.8% decline in graduates of the class of 2020 who attended college immediately after high school compared to the class of 2019.This means while students with undergraduate degrees were getting advanced degrees in high numbers, many high school graduates chose not to attend college at all this year.Davis Jenkins, a senior research scholar and research professor at Columbia’s Teachers College, said the decline in college enrollment among graduating high school students is “chilling”.“Delaying college really diminishes your chance of completing college,” Jenkins said. Particularly, if community college enrollment is declining, “you take away the opportunity of college for millions of students”.“It’s going to increase the divide between education have and have-nots.”Community college students make up about 40% of all undergraduate students in the country, totalling 8.2 million across over 1,400 community colleges, the majority of which are public institutions.Many students who opt to attend community college over a four-year institution do so because tuition can be thousands of dollars cheaper. Two-thirds of community college students come from families with household incomes of under $50,000, and about 45% are students of color.Low-income Americans were hardest-hit by the economic repercussions of Covid-19 compared to middle- and high-income Americans, being more likely to lose their jobs and remain unemployed during the course of the pandemic. The toll of the pandemic also disproportionately hit Black and Hispanic Americans, who saw Covid death rates that were at least two times higher than white Americans.In a survey of about 25,000 students, community college students were more likely to cancel all plans for college compared to students enrolled at four-year colleges. They were also more likely to have caught, be concerned about or care for someone who had the virus and be concerned about the affordability of college.Administrators at Cuyahoga Community College in Cleveland, Ohio, heard similar concerns from students who were busy caring for family or working and did not see the benefit of attending virtual classes. The school saw a 17% decline in enrollment this past school year.“They were definitely affected by this, whether it be a family member who might have contracted Covid or they contracted Covid, or somebody in their family lost a job and they had to go to work instead of coming to school,” said Karen Miller, provost and executive vice-president of access, learning and success at Cuyahoga Community College. Some students were concerned about inconsistent wifi or a lack of quiet spaces to study at home.Miller said that the community college had started efforts to get students to re-enroll in the fall, calling, emailing and texting them to let them know that the school will be back with at least 50% of the in-person capacity.“We’re trying to re-engage them and let them know that we’re going to have on-ground opportunities, more on-ground classes and open up our service footprint again come August,” Miller said. “We’re hopeful that we’re going to see [students] come back this fall.”TopicsUS universitiesUS educationUS income inequalityCoronavirusEconomicsnewsReuse this content

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Promising Jobs Data Closes Out Positive First Half of 2021

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Promising Jobs Data Closes Out Positive First Half of 2021

MANHATTAN (CN) — The first six months of 2021 could have been better, but investors are hard-pressed to complain too much, netting double-digit percentage gains in all three major U.S. indices. Since January 4, the Dow Jones Industrial Average has gained nearly 14% in value, while the S&P 500 and Nasdaq gained almost 16% and […]

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Launch of “An ILO for All Seasons”: Interview with Kari Tapiola

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Kari Tapiola, former Deputy Director-General of the ILO ACTRAV INFO: Why did you write this book? It stemmed from a discussion I had with the Director of ACTRAV  Maria Helena André, when it became clear that initial preventive measures would soon be followed by an economic and employment crisis. In principle, the nascent problems were the […]

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The COVID-19 crisis may lead to mental health issues for many workers

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Lode Godderis, Department of Public Health and Primary Care, Belgium
We need to be aware of the long-term consequences on the health of all workers. One can expect a drop out of personnel, not only due to infections with COVID-19, but also due to stress, frustration and isolation.
Big health inequities due to pandemic and economic recession are to be expected. For white coat workers, it will be mainly the mental health toll as a result of the high work load during the crisis. For white collar workers, their mental health will instead suffer from the effects of isolation and quarantine. Finally, for blue collar workers, job insecurity and loss of income could lead to mental health issues.
However, it is possible to turn the tide. If we reflect on previous pandemics followed by an economic recession it becomes clear that countries that invest in social protection, support programs and provide sufficient employment opportunities can mitigate the mental health crisis that follows a pandemic.
The overworked white coat workers will need time to recover from this period at the same time that healthcare services will be pushing for a return to normal operational levels. For people who worked remotely from home during the crisis, it will be important for them to mentally prepare to return to work. This group of people might be wary about returning to work, fearing an increased risk of infection but also uncertain about the future of their job. The final group of workers concerns a large population of people that have already lost their job, are working reduced hours or are facing severe cuts in their wages.
Nathan Laine / Hans Lucas AFP
Recessions typically exacerbate pre-existing health inequities and have a larger impact on the health of vulnerable disadvantaged groups, such as people with disabilities and diseases and the unemployed. For these workers, we must take extra supportive measures to ensure these populations can resume their roles in society and avoid severe financial or mental health consequences.
So far, pandemic planning has not sufficiently addressed these underlying inequalities and social determinants. However, if we can take advantage of the extraordinary wave of solidarity that we are experiencing in light of the COVID-19 pandemic, the impact of the economic recession might have an unexpected positive impact on our health. This cannot happen without appropriate measures to avoid health inequities.
Governments should develop plans to reduce the gaps in disease burdens both nationally as well as internationally. Efforts should be mainly focussed on the lower social class workers, where measures can yield larger reductions in diseases. International collaboration is also necessary to support low- and lower-middle-income countries in which a large proportion of the citizens are poor.
The presence or absence of supportive policies that target social inequities will dictate the course to financial and mental health security following the COVID-19 crisis. This means that despite a recession, the creation or maintenance of safe jobs will ultimately minimize the impact on health of the workers post-corona.
By Lode Godderis, Centre for Environment and Health, Department of Public Health and Primary Care, Belgium

This is an extract of an article commissioned to mark World Day for Safety and Health at Work.
See here for the full blog and the contributions of other Occupational and Safety and Health Experts:

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Graphic: America's economy and wages are cooling but not its female workforce

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Data released on Friday showed a return to strong job growth in the United States, allaying some fears the U.S. economy is on a short path to recession. But the data also reinforced the view that economic growth is slowing.

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Is the U.S. economy about to contract? Three charts say maybe not

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Weak U.S. hiring data led investors to raise bets on Friday the U.S. Federal Reserve will cut interest rates later this year to stave off a recession. Is the U.S. economy really showing signs of rolling over?

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