User: newstrust Topic: Personal Finance
Category: Unemployment
Last updated: May 24 2018 19:35 IST RSS 2.0
 
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I've come to believe that 'are we at full employment?' is the wrong question 24.5.2018 Washington Post
I've come to believe that 'are we at full employment?' is the wrong question
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Tougher work rules for food stamps won’t help poor people — or save much money 18.5.2018 LA Times: Commentary

Unemployment is at a record low. The U.S. economy has logged nine straight years of slow-but-steady growth. Yet somehow, 40 million Americans need help from the government just to put food on the table. Although that figure is down from its post-recession peak of 47.6 million in 2013, it’s still...

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The tax plan didn't do what it promised, but here's what might 17.5.2018 Washington Post: Op-Eds
The tax plan didn't do what it promised, but here's what might
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Is Donald Trump the John Wooden of presidents? Evaluating the case for Trump's new favorite metaphor. 16.5.2018 Washington Post: Politics
Trump tweeted an op-ed with lots of very Trumpian statistics.
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The private sector has a powerful incentive to treat opioid addiction 15.5.2018 Washington Post: Op-Eds
It is undermining our economy at a time when workers are badly needed. 
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Let’s take a look at the odd list of Trump accomplishments on 'Fox and Friends,' shall we? 14.5.2018 Washington Post: Politics
Why a legal ruling against the Mueller investigation makes the cut. And why it should not have.
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Unemployment rate for Chicago’s black youth improves: report  12.5.2018 Chicago Tribune: Business
A new report on youth unemployment in Illinois offers some good news: The alarmingly high rate of young black men and women in Chicago who are neither working nor in school dropped markedly between 2014 and 2016 as the economy continued its recovery from the Great Recession. But there is ...
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The economy seems great, but secular stagnation still lurks 8.5.2018 Washington Post: Op-Eds
What we’re seeing is the achievement of fairly ordinary growth with extraordinary policy and financial conditions.
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How did Thumbtack win the on-demand services market? 6.5.2018 techCrunch
Back in 2008, as the global financial crisis was only just beginning to tear at the fabric of the U.S. economy, entrepreneurs in San Francisco were already hard at work on potential patches. This was the beginning of what’s now known as the gig economy. Companies like TaskRabbit and Thumbtack — and Handy, Zaarly, and several […]
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Three reasons wages are not growing as fast as we’d like, even at low unemployment 4.5.2018 Washington Post
Three reasons wages are not growing as fast as we’d like, even at low unemployment
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Black unemployment hits a new low — but still trails white unemployment significantly 4.5.2018 Washington Post: Politics
Black unemployment has never been less than 66 percent higher than white unemployment -- even now at record lows.
U.S. unemployment falls to lowest level since 2000 4.5.2018 LA Times: Business

The labor market improved somewhat last month, adding a solid 164,000 net new jobs while the unemployment rate fell below 4% for the first time since 2000, the Labor Department said Friday.

But while job growth rebounded from a disappointing March figure that was revised up Friday to 134,000, other...

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U.S. employers create 164,000 jobs in April; unemployment dips to 3.9% 4.5.2018 LA Times: Commentary

The labor market improved somewhat last month, adding a solid 164,000 net new jobs while the unemployment rate fell below 4% for the first time since 2000, the Labor Department said Friday.

But while job growth rebounded from a disappointing March figure that was revised up Friday to 134,000, other...

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Kanye West's Trump-supportive tweets were probably unrelated to unemployment data 28.4.2018 Washington Post: Politics
Trump's happy to use any praise to bolster his own rhetoric.
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U.S. businesses raise workers' pay at fastest pace in 11 years 27.4.2018 LA Times: Commentary

U.S. private-sector workers received the biggest pay raise in 11 years in the first three months of the year, a sign that the tight job market is slowly lifting wages.

The Labor Department said wages and salaries in the private sector rose 1% in the January-through-March quarter compared with the...

Q&A on the Democrat's big idea: A job creation program 26.4.2018 Washington Post: Op-Eds
The Democrats are starting to think big about how to help people who have been left behind, even at low unemployment.
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Fox in the Hen House: Why Interest Rates Are Rising 24.4.2018 Truthout.com
On March 31st the Federal Reserve raised its benchmark interest rate for the sixth time in 3 years and signaled its intention to raise rates twice more in 2018, aiming for a fed funds target of 3.5% by 2020. LIBOR (the London Interbank Offered Rate) has risen even faster than the fed funds rate, up to 2.3% from just 0.3% 2-1/2 years ago. LIBOR is set in London by private agreement of the biggest banks, and the interest on $3.5 trillion globally is linked to it,  including $1.2 trillion in consumer mortgages . Alarmed commentators warn that global debt levels have reached  $233 trillion, more than three times  global GDP; and that much of that debt is at variable rates pegged either to the Fed's interbank lending rate or to LIBOR. Raising rates further could push governments, businesses and homeowners over the edge.  In its Global Financial Stability report  in April 2017, the International Monetary Fund warned that projected interest rises could throw 22% of US corporations into default. Then there is ...
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Bernie Sanders to unveil plan to guarantee every American a job, health-care benefits 24.4.2018 Washington Post
The Vermont senator’s proposal represents the type of large-scale government works project that Democrats shied away from under President Barack Obama.
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Unemployment, Low. Wage Growth, Meh. 23.4.2018 American Prospect
AP Photo/Keith Srakocic, File A recruiter in the shale gas industry speaks with an attendee of a job fair in Cheswick, Pennsylvania The unemployment rate has been stuck at a low level of 4.1 percent for the last six months. The papers are replete with stories of labor shortages , of companies fighting over high-school students and hiring folks right out of prison . While pockets of labor-market weakness always exist somewhere, there’s little question that in broad terms, the U.S. job market is closing in on full employment. And yet, wage growth has been underwhelming. I’ll lay out the facts of that case in a moment—but how can that be? Don’t tight labor markets boost workers’ bargaining clout? Don’t employers have to bid up paychecks to keep their workers from just going around the corner to better jobs? Isn’t one of the key benefits of full employment that—as is not the case when labor markets are slack—employers must compete for workers? What’s blocking that crucial economic dynamic? Here’s what I ...
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These economists say a $1 trillion deficit is just a good start 21.4.2018 Washington Post
Self-described “deficit owls” argue that proposals to rein in the deficit are the real threat to the nation’s well-being. But deficit hawks contend that the effects of a deficit crisis are so drastic that even the possibility shouldn’t be on the table.
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