People in the United States continue to struggle with chronic unemployment. One of the most frequently cited figures this year shows that even while 1...
Long tech and short toil will fuel growth tomorrow, but whether we are able to stomach the journey today is far more unclear. The impact of the unfolding clash between technology and toil will be bruising in the shorter term. Its resolution will be critical to the future of economic growth.
To boil things down, there are really only two roads we can follow in an environment of such as this. The economy will either muddle along at a sub-par rate of about 2 percent until balance is restored, or we go down the path of running up debt in an effort to produce higher growth rates in the near term.
The problem with traditional job skill training in many cases is that you can walk a horse to water but you can't make it drink. Far too many workers -- employed and unemployed -- don't seem interested in finding water on their own.
More Americans than ever believe the economy is rigged in favor of Wall Street and big business and their enablers in Washington. We're five years into a so-called recovery that's been a bonanza for the rich but a bust for the middle class. "The game is rigged and the American people know that. They get it right down to their toes," says Senator Elizabeth Warren. Which is fueling a new populism on both the left and the right. While still far apart, neo-populists on both sides are bending toward one another and against the establishment. And it's not only the rhetoric that's converging. Populists on the right and left are also coming together around core principles.
Obama has gained back all the ground he had lost and then some (well, "and then a little bit more" would be more accurate...). He still hasn't quite made it back to where his poll numbers were before the Obamacare website rollout, but if the trendlines continue in May, he is at least within reach of this goal for the first time since October.
I'm not sure where this is all heading. I guess, if anything, I was looking for a miracle. This blog was my attempt at putting a note in a bottle and throwing it in the ocean; hoping that something miraculous would happen.
Unemployment has now fallen to 6.3 percent, the lowest it has been since 2008. The rate dropped four-tenths of a point in a single month -- the biggest drop in two years -- showing that after the lag of this year's brutal winter, employers are hiring.
Overall: a solid report for housing. Job growth in clobbered metros is especially good news for housing demand but the drop in young-adult employment is a red flag.
If the American economy does not produce jobs that give our people the take home pay and confidence to build a family, we have no future, individually or as a society.
Businesses reported strong payroll growth in April. The separate household survey, however, showed that all of the decline in the unemployment rate to 6.3 percent was due to a drop in labor force participation.
With more than 30 industry leading, military friendly employers signed on to participate, it is shaping up to be one of the best virtual career fairs Veteran Recruiting has hosted for Military Spouses.
Payroll growth was strong and broad based last month and the jobless rate fell sharply, but that seemingly impressive decline in unemployment was wholly due to the shrinking labor force.
Despite significant public support for continuing long-term unemployment benefits -- with polls showing Americans by a two-to-one margin favor extended benefits -- Speaker Boehner continues to give the same excuses for inaction.
Older workers have a harder time finding jobs and remain the demographic that once unemployed, stays out of work the longest. So hanging on their jobs is of paramount importance.
If you live in Round Lake Beach or Glenview, then that answer is yes. Round Lake Beach has the highest unemployment rate in Illinois for the second straight month, while Glenview takes the honor of having the lowest unemployment rate for the second straight month as well.