News
National Journal | Women in Low-Wage Jobs Are Underpaid and Overloaded
Despite holding better educational credentials than ever before, women continue to make up two-thirds of the workers earning $10.10 per hour or less.
CNN Money | Amgen joins job-cut parade
Amgen became the latest company to announce major layoffs, despite signs that the U.S. jobs picture is improving. In its earnings presentation Tuesday, the biotechnology firm revealed it plans to eliminate 2,400 to 2,900 jobs, or about 12-15% of its workforce.
Bloomberg | ADP Says Companies in U.S. Boosted Payrolls by 218,000
Companies added 218,000 workers in July, exceeding the average for the year and showing improving demand is bolstering the U.S. job market, a private payrolls report showed today.
Market Watch | 40 years of presidents: Who fought unemployment and won?
If a president’s performance were based solely on the unemployment rate while he was in office, who should have left the White House with his head held high? A new state-by-state analysis of unemployment over the last 40 years aims to find out.
Econ Comments & Analysis
CATO | A Case against Child Labor Prohibitions
Halima is an 11-year-old girl who clips loose threads off of Hanes underwear in a Bangladeshi factory.1 She works about eight hours a day, six days per week. She has to process 150 pairs of underwear an hour. At work she feels “very tired and exhausted,” and sometimes falls asleep standing up. She makes 53 cents a day for her efforts. Make no mistake, it is a rough life.
