The job market is slowly but steadily moving towards full employment, but there's still considerable slack. If we want to see real wages going up across the wage scale -- not just at the top, but at the bottom as well -- we're going to need to not only get to full employment, but to stay there.
I've argued for some time that the process of deleveraging has yet to run its course. The aggregate level of debt in our economy currently stands at a record high, even though many pundits continue to say that debt levels are much more manageable now as compared to the pre-crisis days.
LBL would like to say that her years of jobs during high school and college would have prepared her for careers in both teaching and real estate. She isn't sure that is the case, other than perhaps having chosen those professions because neither involved eating fast food nor changing their diapers.
What do you do when you graduate college? For a while, I though the answer was wait for something to happen. Studying for the LSAT, a test I never wanted to take for a profession I never wanted to practice, was my way of remaining stagnant while giving the impression of movement.
The metro and local jobless figures, on top of the 0.1 percentage point drop in the statewide unemployment rate to 6.6 percent, is welcome news to Gov. Pat Quinn who has consistently said Illinois is making a comeback.
As folks know who are either familiar with the data or live in the real world, the economy is still bad for most people. President Obama can rightly say that he inherited a mess from his predecessor, but at some point that does get old. He can also honestly blame the Republicans in Congress who have eagerly proclaimed their opposition to any economic proposal that doesn't have the primary purpose of making the rich even richer. While the grim reality can offer legitimate excuses, the Democrats still suffered from the fact that they didn't have a real economic agenda for the bulk of the population. The Republicans at least have a clear agenda. Everyone knows if they get back in control they will give everything left on the table to the richest 1 percent. But what would the Democrats do?
There's so much in our lives that allow us to exist that we walk right by without noticing -- even our breath. Today, more than you have in a while, feel that interconnectedness with the air, the soil, the sky. Be very, very aware of and in awe of the divine nature of this creation.
The polls for Tuesday look grim for weak-kneed and squeamish Democrats who have not stood up for Obama--or the substantial achievements of his party--over the last six years.
To millennials (and most Americans), politics looks ugly, privileged and -- worst of all -- useless. The problem is that politics affects us whether or not we're engaged, and by not voting, millennials perpetuate a vicious cycle of apathy and cynicism that too many are happy to exploit.
Recently laid-off workers who live far from job centers take longer to find replacement employment than do residents of neighborhoods more convenient to jobs by public transit or car.
I can't get my head around this: In the weeks leading up to the midterm elections we have had the following economic news: ♦ Unemployment is a...
Through a simple sum of the former three rates, minus year-on-year per capita GDP growth, I constructed a misery index that comprehensively ranks 109 countries based on misery.
The drop in oil (and corresponding drop in energy stocks) is causing much consternation throughout the investment world because it is inconsistent with the narrative articulated by most economists.
If you prefer fiction to fact, think a collapsing economy is preferable to an improving economy, and that the superrich should keep getting more of the nation's income and wealth, vote Republican.
Working hard to appear rich has its price (literally). In about 48 hours, you've put your bank account (and your heart) deep in the red. You now have $14 left for the second half of the month.
For the 3.7 million low-income young people in America who are not in school or employed, education is crucial for their success. It can break both the social barriers that they have become accustomed to and the cycle of poverty.