He remembers the exact date -- November 30, 2008. That is when Hue Galloway of New Britain, Connecticut was laid off with just a week's notice from his job repairing printers and computers throughout the state. His annual evaluations, he said, had been good -- 30 years of experience and 'never a bad review,' but that didn't keep him from being let go without any real explanation.
In recent years, private-sector forecasters have been surprisingly accurate at forecasting changes in the unemployment rate, but they have been equally inaccurate when forecasting changes in the federal funds rate, the baseline interest rate controlled by the Fed.
When President Franklin Delano Roosevelt gave his first inaugural address on March 4, 1933, he was advising an anxious nation that fear itself was the...
Illinois' unemployment rate in February was 8.7 percent, which was the second highest in the nation ahead of only Rhode Island. But when looking at the 102 counties in Illinois, only 18 counties actually had an unemployment rate lower than the state's rate of 8.7 percent.
So far this year, the mid-cap banks are outperforming their behemoth cousins, and we now may know why. The big question, though, is how detrimental have these new regulations been to the economic recovery?
Times are pretty hard now. You can turn on the news and bear witness to all types of negative news stories. WTOP reports that unemployment rates are c...
While Illinois' unemployment rate has dropped marginally over the past five years, the unemployment rates in Indiana, Michigan, Ohio and Wisconsin have dropped more substantially.
"There's a lot of anger out there, there's a lot of frustration. One minute people are bored and apathetic, the next minute they're in the streets burning cars. We are seeing that already in some European cities, it's really urgent that we change the conversation in such a way that young people start to listen instead of just assuming, 'Ah, this doesn't apply to me, it's all bullshit.'"
Since December 28, 2.3 million Americans have lost their unemployment insurance, with the expiration of the Emergency Unemployment Compensation program. Every week, on average, an additional 72,000 Americans are cut off -- the equivalent of one person every eight seconds.
It's a week before Earth Day, and spring has sprung. Now is the perfect time to think about your individual environmental impact. What does the star...
"You can't manage what you can't measure," says the CEO of Hilton Worldwide, Chris Nassetta. And he should know. His company is a leader in the travel...
Luckily, more attention and focus is being shed on the struggle so many military spouses are facing as it relates to employment, and employers are starting to realize that military spouses are a perfect match for their open positions.
Several days ago, the Labor Department released its most recent figures -- 192,000 new jobs were created in March. That's good news, right? Not necessarily. It's not just the quantity of jobs but the quality that matters, and the quality isn't there.
Here's a story that resonates with so many layers of bitter irony that it's hard to know where to begin. So we'll start with the headline: "Citi Foundation to Help Teens Find 'Pathways to Progress.'"
Hiring Horrors are the worst kinds of hiring problems because they take place in situations where everything seems just fine.
Twenty years ago I played a veteran in Forrest Gump and over the years I have been privileged to meet and support many real life Lt. Dans, active duty military, and veterans. They continue to inspire me to encourage our nation to do everything it can to honor and support this generation of veterans.