According to U.S. employment statistics by race, the black unemployment rate increased from 6.8% to 7.7% in January 2018. On the other hand, for white people, the unemployment rate dropped in January 2018 from 3.7% to 3.5%. President Donald Trump has credited his administration for the drop in the black unemployment rate in December 2107, (more…)
As if it wasn’t expensive enough to get sick in the U.S., a recent study found that a large number of Medicare beneficiaries will continue to be financially burdened from healthcare expenses.
In what should surprise absolutely no one who has followed U.S. politics in the past two years, the President of the United States is once more engaged in a Twitter feud with a celebrity. This time, it’s rapper Jay-Z who President Donald Trump has gone to Twitter war against. The Trump Jay-Z tweet that set (more…)
Income in the United States has been increasing year-over-year, but, at the same time, U.S. income inequality is also rising. If we compare the U.S. median household income by county, in 2016, the typical median household income in the wealthiest county was $2,219.0 more in 2016 than the prior year, while that of the poorest (more…)
The robots are coming but some have reason to fear automation more than others. Studies have shown that twice as many women as men could lose their jobs to robots. Recent studies also show that the racial disparity in unemployment will be exacerbated by the impact of automation. Job losses due to automation are expected (more…)
For the first time in the 136-year history of the paper, the Los Angeles Times has voted overwhelmingly in favor of unionizing. The LA Times union vote came down to a 248–44 split favoring the formation of a union. The move is the first step in what will now be a potentially long and arduous (more…)
According to global outplacement consultancy firm Challenger, Gray & Christmas, Inc., the rate of a woman being hired as chief executive officers (CEOs) in 2017 remained virtually unchanged from 2016, which was around 18%.
Unemployment is down and stocks are at record levels, but the so-called economic recovery isn’t helping out most Americans. In fact, thanks to rising costs and stagnant wages, the vast majority can’t afford a $1,000 emergency expense. According to a new report, just 39% of Americans are flush enough to be able to cover a (more…)
The U.S. Department of Housing and Urban Development (HUD) released its annual “Point-in-Time” count, revealing a homelessness increase in the U.S.—the first time in seven years.
Amazon.com, Inc. (NASDAQ:AMZN) CEO Jeff Bezos is the richest man in the world, worth $105.0 billion, but many of his employees don’t make a living wage and are forced to receive food stamps. At least, that’s according to a new report from the non-profit Policy Matters Ohio. Amazon is one of Ohio’s largest employers, with (more…)