• Fewer People Lost Their Jobs in 2013, But Hiring Is Still Slow

    The economy added a net 1.9 million jobs over the course of 2013, according to the Bureau of Labor Statistics' Job Openings and Labor Turnover survey, which was released Friday. Over the course of last year, 51.4 million people lost or voluntarily quit their jobs, while 53.3 million people were hired. Those are the lowest job lost numbers for any year in the 21st century -- but don't celebrate just yet.

  • How Do the Long-Term Unemployed Survive, When Benefits Stop?

    Six weeks after the Emergency Unemployment Compensation program expired, Congress appears to be no closer to an agreement that would restore benefits to more than 1 million Americans whose regular unemployment has lapsed. A recent Washington Post article looks at some of the creative solutions some workers have cobbled together, to keep themselves afloat.

  • BLS Jobs Report: Economy Adds Just 113,000 Jobs, Unemployment Dips to 6.6 Percent

    This morning, the Labor Department released the Employment Situation Summary for January, and the numbers are lower than economists had predicted: 113,000 jobs added last month, as opposed to the expected 185,000 jobs. This comes on the heels of Wednesday's ADP report, which saw 175,000 jobs added in January, and a lackluster December 2013, in which the BLS said the economy added only 75,000 jobs (revised upward from 74,000).

  • Will Obamacare Kill 2 Million Jobs?

    Recently, the Congressional Budget Office released an updated report, which included data on the Affordable Care Act. Yesterday, several conservative commentators and House Majority Leader Eric Cantor fired off tweets, Cantor claiming that "millions of hardworking Americans will lose their jobs" because of the Affordable Care Act." So will this come to pass?

  • 3 Reasons Employers Aren't Hiring Recent College Grads

    The unemployment rate for the youngest members of the workforce is significantly higher than the general population -- 14.8 percent, in fact, as of November, 2013, according to the Center for American Progress, compared to the 7 percent or so we've been seeing for the general population. All indications are that Millennial workers are not recovering from the Great Recession at the same rate as other age groups. But why?

  • ADP Jobs Report: Economy Added 175,000 Jobs in January

    The U.S. economy added 175,000 non-farm, private sector jobs between December and January, according to the ADP National Employment Report. This is about the same as the monthly average for 2013, but lower than economists' predictions of 185,000 jobs.

  • Which Workers Approve of Raising the Minimum Wage?

    If the minimum wage kept place with inflation over the past 40 years, it would $10.74 an hour -- over $3 more than today's federal minimum wage of $7.25. President Obama advocates raising the minimum wage to $10.10 an hour, but some fast food workers and union activists are pushing even higher, for an even $15 an hour.

  • Downwardly Mobile in America: Fewer Americans Feel They're Middle Class

    One-third of Americans who identified as middle class in 2008 now say they're lower or lower-middle class, according to a Mother Jones analysis of recent Pew research. A national survey found that, post-recession, fewer Americans feel that they're middle class than ever before -- 44 percent, or just slightly more than the 40 percent who feel they're lower or lower-middle class.

  • Would You Give Back Half Your Paycheck, for Principle?

    Kshama Sawant is the only socialist member of Seattle's City Council, and she's putting her money where her mouth is. After accepting office earlier this month, she announced that she will only keep $40,000 of her $117,000 annual salary -- less than half, and about the salary of the average worker in Seattle.

  • Stop Complaining About Being Overworked, Unless You Live in One of These 5 Countries
    Americans may think they’re being overworked, but a new study shows that they’re just being a bunch of wimps compared to professionals in these five nations.
  • Women Are Dominating in the World of Hedge Funds (and It's Great for Everyone)
    A new study shows that fund management is proving to be gender-biased, and women are, literally, giving men a run for their money in this male-dominant industry.
  • What the State of the Union Means to You

    Last night, President Obama called for 2014 to be a "year of action," asking Congress work with him to raise the minimum wage, extend unemployment benefits, and make better educational opportunities available to all Americans. In the meantime, the president has acted alone, issuing executive orders, directing government bodies under his control, and creating teams of private and public citizens. But those tactics will only go so far, if Congress won't act.

  • Who Wants to Raise the Minimum Wage? The Answer May Surprise You
    Is raising the federal minimum wage rate beneficial to the economy or not? We'll take a look at who's for and against raising the wage and how level of education affects people's opinions.
  • New Worker Co-ops Lead to Economic Prosperity

    The newest incarnation of worker cooperatives are worker self-directed enterprises (WSDE). WSDEs combine aspects of capitalism and socialism, resulting in an improved version of a centuries-old idea. Not only do the workers decide together when and how much to produce, but they themselves choose, via a democratic process, how to use the enterprise's net revenue. Suddenly, government agencies dependent upon enterprise tax payments become dependent not upon the CEOs, but on the workers themselves.

  • Does Your State Want to Raise the Minimum Wage?

    PayScale's recent survey indicates which state populations are in favor of raising the minimum wage to a full $15 per hour. Do you live in a state that is fighting to raise the minimum wage?

  • 3 Businesses That Are Booming in Colorado, Thanks to Legalized Marijuana

    There's a new gold rush in Colorado, thanks to new laws legalizing marijuana for recreational use. And just as the businesses that supplied the miners in the first gold rush often struck it rich, the businesses that support the marijuana industry are doing almost as well as the dispensaries themselves.

  • Which Gender and Income Level Are in Favor of a Higher Minimum Wage? [infographic]

    When it comes to the minimum wage debate, how you feel depends on who you are. PayScale crunched the numbers to find out how gender and income relate to people's opinions on whether or not the US should raise the federal minimum wage to $15 an hour.

  • The Embarrassing State of Parental Leave in the US
    American working parents continue to get the short end of the stick when it comes to parental leave. We'll take a look at how this troubling reality has grave effects for parents and, especially, the US economy.
  • Ready to Quit? It's Probably Because of Your Boss
    The recession caused many people to lose their cushy corporate jobs, and forced the newly unemployed to take on whatever job came their way, because any job was better than no job. Right? As it turns out, not really. We’ll examine how neglectful bosses are the cause of millions of employees ditching their jobs for bigger and better career opportunities.
  • Top 5 States for Job Growth in 2014

    A weak December jobs report from the Bureau of Labor Statistics not withstanding, 2014 is poised to be the year for job growth in the United States, according to Moody's Analytics. Of course, even if the economy does generate the 2.6 million jobs predicted, those gains won't be felt equally in every state.