One of the great attributes of America is the social mobility of its people. The opportunity to strive for a better life is more readily available. Yet only nine miles from the center of Manhattan is abject social immobility.
The nation's payrolls rose by only 142,000 last month, and job gains for July and August were revised down by 59,000, suggesting the pace of job growth has slowed in recent months. Analysts were expecting job growth of around 200,000, and the question is how much should it change our views about underlying labor market conditions?
People released from prison frequently face challenges. To start, people with prison records have a hard time finding a job. If employers won't hire the formerly incarcerated, then the formerly incarcerated can take a different tactic.
As the innovation economy continues to push on the concept of traditional education and how it aligns with purposeful careers, many entrants have entered the space. Since 2012, Startup Institute, a career accelerator which I cofounded, has been one of the largest and earliest players.
In a speech last week, Federal Reserve Board Chair Janet Yellen inadvertently told us why Congress should set a 4 percent unemployment target for the Fed in its conduct of monetary policy, as is proposed in a new bill put forward by Michigan Representative John Conyers. The context was Yellen's dismissal of such a target. Certainly the Federal Reserve Board cannot just pick any number and say it will get the unemployment rate to that level. There are limits posed by the economy that can prevent the Fed from hitting an unemployment rate target despite its best efforts. However, this is also true of the 2.0 percent inflation target that the Fed has chosen for itself as a basis for policy over the last decade. But the fact is that the Fed cannot simply set any inflation rate it likes.
The Western world is slipping back into the demoralization and loss of faith in its own values that overwhelmed Europe in the 1930s and opened the way to catastrophe. Trump's success is a symptom of something very dangerous that will long outlive his present campaign.
Apprenticeships and trade opportunities should not be an idea of times past: they are essential to the economic recovery of communities across this country. Instead of reinventing the wheel, it would be of merit to reinvigorate our education in the trades as a path to employment.
Walk down the hallway of your school. Statistically, one out of every five students you walk by is living in poverty. And if you think you're exempt from this exercise, think again.
Deaf people want to work and they deserve to feel successful. They are tired of enduring the same oppressive practices that the ADA was supposed to protect against.
The gig economy is just one sub domain of what is happening more broadly to the workforce, including just-in-time scheduling and other disruptions to the labor markets, whether as a result of the gig economy, automation and robots, artificial intelligence and other factors.
Growing up, you are blissful unaware of the difficulties of life. You believe that you will go to college, get a job in your chosen field, get married and live in a beautiful house with a white picket fence -- that whole "American Dream" bullshit.
Once the world confirms the Global Goals, the hard work to accomplish them will begin. This is where harnessing the creativity, energy, and passion of young people could help achieve the dual objectives of engaging them productively while also making progress on other important goals.
Not only do high levels of youth unemployment affect the productivity of a country and reduce the skills of the workforce, the cost emotional and socially for those young people who experience youth unemployment is hugely significant.
65 percent of the 2,800 young people surveyed around the world want to run their own business at some point in their careers -- 27 percent want to do so immediately and 38 percent after learning from someone else first.
Jobs reports are often highly anticipated by investors, but the August jobs report held even greater significance than usual. Investors hoped for a clear signal that the Federal Reserve would be expected either to raise rates during their September meeting or put off a rate hike until at least December.
The unemployment rate fell because it is determined by a separate survey of households that showed a sharp 237,000 drop in the number of people who said they were unemployment, while only a small number dropped out of the labor force.