News
Bloomberg | College Grads Taking Low-Wage Jobs Displace Less Educated
Jeanina Jenkins, a 20-year-old high-school graduate from St. Louis, is stuck in a $7.82-an-hour part-time job at McDonald’s Corp. that she calls a “last resort” because nobody would offer her anything better.
CNN Money | States not waiting for Congress to raise minimum wage
In his State of the Union address, President Obama urged mayors, governors and state legislators not to wait for Congress to raise the minimum wage, and to take action into their own hands.
Bloomberg | Jobless Claims in U.S. Fall to Lowest Level in Three Months
Fewer Americans than projected filed applications for unemployment benefits last week, an indication companies are holding on to staff even as cold weather threatens to slow the world’s largest economy.
Market Watch | Planned layoffs fall in February: Challenger
After soaring in January, announced layoffs pulled back last month, hitting the lowest tally for a February since 2000, according to data released Thursday by outplacement consultancy Challenger, Gray & Christmas.
Econ Comments & Analysis
FOX Business | 'Missing Workers': A Lost Piece in the Unemployment Puzzle
The official unemployment rate, currently at 6.6%, may drastically understate the number of unemployed Americans, with almost 6 million people not being counted, according to recent research from the Economic Policy Institute. The EPI refers to this group as "missing workers."
