Feb 23 Watch 8:54 Why millions of older Americans are retiring early in the wake of the pandemic Among the reasons for the current labor shortage in the U.S. is the exodus of older workers retiring early during the pandemic. Economics correspondent Paul Solman reports. Continue watching
Jan 26 Watch 8:43 The Fed aims to clamp down on inflation with rate hikes. Will it work? By PBS NewsHour The Federal Reserve is shifting its approach to the economy and monetary policy. It's a major change after holding interest rates at near zero levels. Given the pandemic, it's not without its own risks. But the Fed chairman said the… Continue watching
Nov 24 U.S. unemployment claims fall to 52-year low after seasonal adjustments By Paul Wiseman, Associated Press Jobless claims dropped by 71,000 to 199,000, the lowest since mid-November 1969. But seasonal adjustments around the Thanksgiving holiday contributed significantly to the bigger-than-expected drop. Unadjusted, claims actually ticked up by more than 18,000 to nearly 259,000. Continue reading
Nov 05 Watch 5:36 The latest jobs report showed strong gains, but a worker shortage still exists. Here’s why The latest jobs report showed stronger than expected gains last month and found more jobs were created in August and September than previously estimated. The private sector gained momentum, with the leisure and hospitality sector adding 164,000 jobs. The professional… Continue watching
Oct 29 Wages jump by the most on records dating back 20 years By Christopher Rugaber, Associated Press Wages and salaries jumped in the three months ending in September by the most on records that date back 20 years as companies are forced to offer higher pay to fill a near-record number of available jobs. Continue reading
Oct 21 Watch 6:59 How this ‘vulture’ hedge fund’s gutting of local newsrooms could hurt Americans By John Yang, Ryan Connelly Holmes The hedge fund Alden Global Capital has been acquiring scores of U.S. newspapers across the country — then gutting newsrooms and selling off assets. It’s part of a larger trend in the erosion of local news and related jobs in… Continue watching
Oct 08 Watch 9:07 The pandemic pushed millions of U.S. workers to join the ‘Great Resignation.’ Here’s why By Paul Solman, Diane Lincoln Estes The September jobs report shows that the unemployment rate fell to 4.8% and job openings are at a record high with wages increased again last month, as companies tried to attract new employees. But more than 25 million people quit… Continue watching
Aug 25 Watch 8:27 How apprenticeships can bridge the employment gap for workers without college degrees By Paul Solman Because of the pandemic, millions of lost jobs in the U.S. are not filled yet. While there are reports of labor shortages in many sectors, a large percentage of workers say they are looking for a new job. For some… Continue watching
Mar 26 Watch 3:21 Stories from Americans who have lost their income amid the pandemic Wednesday’s huge rise in unemployment claims dwarfs all historical records in the U.S. Although nearly 3.3 million filed, many economists say the number still doesn’t reflect the full scope of people who have been laid off or furloughed or are… Continue watching
May 03 Watch 9:00 News Wrap: Record floods submerge the Midwest Record-breaking flooding from the Mississippi River has devastated the Midwest. On Thursday, waters rose above the record set during the Great Flood of 1993, and officials say it could be a month before the water completely clears. Meanwhile, the U.S. Continue watching