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?
The road back from the Great Recession has been a long and winding one, that's for sure. Even when some economic indicators have given us hope, other factors (often the ones that matter most to workers) have lagged behind. For example, despite lower unemployment rates, wage growth has been slow. However, now that the first quarter of 2016 is well underway, there are some indications that the job market might truly be improving. Here's what you need to know.
We all know that the Great Recession took a huge toll on Americans' finances. There's little debate about that. But, the recovery is proving to be more contentious. For an example, look no further than this morning's disappointing jobs report from the labor department. Let's take a look at what's going on with the U.S. economy and how it relates to your own financial bottom line.
Unemployment data can be misleading. One figure alone cannot paint an accurate picture of the current job market because so many variables come into play when trying to really understand the issue. Depending on education, professional experience, location, and industry, the employment picture can look very different.
To sum up the current unemployment status with just one number would be unfair. (Although, if we did, it would be 5.5 percent. Things are definitely looking up!) But unemployment data can't be boiled down quite that easily. Unemployment may be the lowest it's been in quite some time, overall, but the rate varies so widely that one number alone can't tell the tale. States and regions experience different economic realities, and the unemployment rate varies greatly by ethnicity as well.
Sometimes, making progress in one area leads to new problems in another. The improved unemployment rate may be causing some difficult adjustments for schools, for example, as subs move toward full-time employment in greater numbers.
If you've been waiting for a fatter paycheck to find you in 2015, so far the news has been discouraging. Unemployment rates are down, which is exciting news, but we still haven't seen an improvement in wages. Here's why a lower unemployment rate hasn't translated to higher pay -- yet.
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.
U.S. youngsters are having a tougher time finding work than their counterparts in other wealthy, large economies. What's going on here? In the land of plenty, shouldn't young talent have a smorgasbord of job offerings to choose from?