• Part-Time Job Trend Is Driving Income Inequality






    If full employment is the key to economic recovery (see our previous post), then full-time employment is the key to job equality. Unfortunately, the trend in recent years has been toward hiring part-time and seasonal workers, exacerbated first by the Great Recession and now by Obamacare. Financial uncertainty during the recession made it financially risky for many employers to permanently increase their employee rolls. When hiring was necessary, employers preferred to hire part-time or seasonal workers when they needed more hands on deck. Not only did hiring part-timers reduce payroll expenses as wages for part-timers is typically lower than for

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  • Overcome Poor Employment Conditions with Zoondy






    The country’s lethargic employment-population ration (see our previous post) is cause for concern and points to a less rosy economic recovery than the soothing platitudes emanating from the Washington beltway would have us believe. How can we as a nation overcome poor employment conditions.  As Annalyn Kurtz pointed out in an article on CNN Money: “Forget the unemployment rate. The employment rate — the percentage of adult Americans who hold a job — has barely budged in the past three years. It’s hovering near its lowest level in three decades, and it’s unlikely to improve.” The biggest drag on economic recovery

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  • US Employment Rates: Still Stuck at 30-Year Low






    With the US employment rates still at a 30-year low, what are unemployed and other job seekers to do?    Newscasters breathlessly report every quiver in unemployment statistics, staring with serious faces into the camera as they announce the latest decimal point change in the U.S. unemployment rate. But the fact of the matter is that the true measure of the health of America’s work force is not the unemployment rate, but the employment rate. Since the Great Recession sent the U.S. economy into free-fall, the unemployment rate has been affected more by how many laid-off workers have given up

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  • Job Outlook Not as Rosy as Expected for College Grads






    Last fall as their senior year was getting under way,  According to a national survey highlighted on CBS News, grads now find themselves scrambling in a market that has increased by only 2%. At the end of May 2013, the U.S. Labor Department reported a one-week increase in the unemployment rolls of 354,000 — and that was on top of the more than 10,000 Americans who filed for unemployment benefits the previous week. While unemployment for new college grads has actually decreased since the height of the recession when it topped 10%, the decrease has been minimal. New grad unemployment today is hovering

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  • Gen X & Y Falling Farther Behind as Economic Crisis Lengthens






    As the economic crisis lengthens, The young adults in Generations X and Y are falling farther and farther behind the wealth curve. Now approaching their 30s and mid-40s, Gen Y Millennials and Gen X Slackers, respectively, are in danger of becoming the first generations that may fail to become richer than their parents, despite a lifetime of hard work. The lingering economic crisis, lack of job opportunity, loss of housing value, and onerous weight of unpaid college and credit card debt seem to have wrested the American dream from their hands, denying them the opportunities for wealth building that traditionally occur

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  • Middle Class Jobs Growing Slower than Economy






    Before the recession a growing economy meant more jobs for the middle class; but that hasn’t proven true in post-recession America. Economic experts tell us that the economy is growing, albeit slowly; but the workers on Main Street are having a hard time seeing any progress. In today’s new world order, economic growth is not being translated into jobs for unemployed middle-class American workers as it did in previous generations. Nor is it putting more money in the pockets of those who are employed. As Washington Post reporter Jim Tankersley recently pointed out, “There are two kinds of middle-class Americans struggling today.

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