News
Market Watch | U.S. labor-force participation rate falls sharply in April
The U.S. labor-force participation rate sank to 62.8% in April from 63.2% in March to match a 35-year low, the government reported Friday. Some 806,000 people dropped out of the labor force, according to Labor Department figures.
CNN Money | Seattle mayor unveils plan for $15 minimum wage
Seattle could soon lay claim to the nation's highest minimum wage. Mayor Ed Murray unveiled on Thursday his proposal for a $15 minimum wage, a plan he said has broad support across the local government, business and labor communities.
Bloomberg | Hiring in U.S. Kicks Into Higher Gear as Unemployment Plunges to 6.3%
The job-creation engine kicked into higher gear as U.S. employers boosted payrolls in April by the most in two years and the jobless rate plunged to the lowest since the collapse of Lehman Brothers. Lower-wage industries accounted for 22% of job losses during the recession but 44% of employment growth over the past four years.
Blogs
Market Watch | Most jobs created in this recovery are low-wage, study finds
A majority of the new jobs created in the four years of the recovery have been in low-wage sectors, according to a new report released this week.
