Jan 15 Obama to announce new manufacturing consortium in NC By Darlene Superville, Associated Press Highlighting the growing manufacturing sector of the U.S. economy, President Barack Obama is proposing new ways for the government and the private sector to help keep those jobs coming. The White House said Obama will announce Wednesday in Raleigh, N.C.,… Continue reading
Jan 14 Congress asks Target to testify on data breach By Bridget Bowman Senators are asking Target information security officials to testify before Congress over the recent data breach. Photo by Joe Raedle/Getty Images Senators are calling Target officials to testify on Capitol Hill over the recent holiday… Continue reading
Jan 13 Do Not Take Social Security Benefits Early Just Because You Think You Can Invest Them at a Profit By Laurence Kotlikoff Social Security is an insurance policy, not an investment, so don't let thoughts about breaking even influence when you collect your benefits, argues Larry Kotlikoff. Continue reading
Jan 11 Watch Stagnant wages imperil financial security Wages in the U.S. have been largely stagnant over the past 45 years, but during the same time span consumer prices have risen dramatically. Hari Sreenivasan discusses this trend and its effect on poverty with Bloomberg BusinessWeek reporter, Roben Farzad. Continue watching
Jan 11 When a raise means losing ground for low-income families As part of NewsHour Weekend's coverage of the rising rates of poverty in American suburbs, we also refer to the "cliff effect." This phenomenon occurs when a family begins to earn above the limits set by the state… Continue reading
Jan 11 Poverty grows on Maple Street In 1964, as President Lyndon Johnson launched a broad platform to abolish American poverty, images of American poverty focused on the inner-city and rural poor. Today, fifty years later, statistics reveal another rapidly-growing group living in poverty:… Continue reading
Jan 10 Unemployment’s slow drip: Top economists on the 2013 jobs record By Simone Pathe The unemployment rate in December 2012 was 7.9 percent. A year later, it's at 6.7 percent. But the employment picture, top economists agree, is not so simple. Photo courtesy of Matthew Staver/Bloomberg via Getty Images. The release of December's… Continue reading
Jan 10 Watch Weak job growth, unemployment drop signal ‘unwinding’ of labor participation Weak job growth, unemployment drop signal 'unwinding' of labor participation… Continue watching
Jan 10 Unemployment’s Slow Drip: Top Economists on the 2013 Jobs Record By Simone Pathe The release of December’s job report prompts us to look back at the year in unemployment. Earlier in 2013, a partial government shutdown delayed this fall’s Bureau of Labor Statistics reports. And for much of the year, each month’s… Continue reading
Jan 10 A ‘perverse’ and chilly jobs report: Unemployment down, but we’re leaving the workforce in droves By Paul Solman Photo courtesy of Justin Sullivan/Getty Images. My preferred word to describe today's unemployment numbers comes from Robin Harding in this morning's Financial Times: "perverse" (though you need a subscription to read the article). That is, a paltry 74,000… Continue reading