Tag: Labor economy

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Business

US businesses boost hiring despite the shutdown

In this May 30, 2013, photo, job seekers line up to talk to recruiters during a job fair held in Atlanta. (AP Photo/John Amis, file) by Christopher RugaberAP Economics Writer WASHINGTON (AP) — The U.S. economy may be sturdier than many had assumed. Employers added a surprisingly strong 204,000 jobs in October despite the 16-day government shutdown, the Labor Department said Friday. And they did a lot more hiring in August and September than previously thought.

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Generation Y

Why young people are saying ‘no’ to the workforce

Luis Mendez, 23, a student at Miami Dade College, left, and Maurice Mike, 23, a student at Florida International University, right, wait in line at an internship job fair held by the Miami Marlins, Wednesday, Oct. 23, 2013, at Marlins Park in Miami. The internships are paid, offer a wide range of job opportunities and begin in January 2014, lasting one year. (AP Photo/Lynne Sladky) by Steve Hargreaves (CNN)—A job used to be the next step after a diploma. But now, young people aren’t in any rush to start working.

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National

As government re-opens Obama warns: “The American people are completely fed up with Washington”

BACK IN BUSINESS–President Barack Obama speaks in the State Dining Room of the White House in Washington on Oct. 17, 2013. (AP Photo/Jacquelyn Martin) by Andrew TaylorAssociated Press WriterWASHINGTON (AP) — The government unlocked its doors Thursday after 16 days, with President Barack Obama saluting the resolution of Congress’ bitter standoff but lambasting Republicans for the partial shutdown that he said had damaged the U.S. economy and America’s credibility around the world.

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National

Government powers down; blame trading in capital

A National Park Service employee posts a sign reading “Because of the Federal Government SHUTDOWN All National Parks are Closed” on a barricade closing access to the Lincoln Memorial in Washington, Tuesday, Oct. 1, 2013. (AP Photo/Carolyn Kaster) by David Espo and Donna CassataAssociated Press Writers WASHINGTON (AP) — First slowed, then stalled by political gridlock, the vast machinery of government clanged into partial shutdown mode on Tuesday and President Barack Obama warned the longer it goes “the more families will be hurt.” Republicans said it was his fault, not theirs. Ominously, there were suggestions from leaders in both parties that the shutdown, heading for its second day, could last for weeks and grow to encompass a possible default by the Treasury if Congress fails to raise the nation’s debt ceiling. “This is now all together,” said Sen. Dick Durbin, D-Ill..

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National

Employment gap between rich, poor widest on record

Annette Guerra poses for a photo at her home in San Antonio. Guerra, 33, has been looking for a full-time job for more than a year after finishing nursing school. (AP Photo/Eric Gay)by Hope YenAP Business Writer WASHINGTON (AP) — The gap in employment rates between America’s highest- and lowest-income families has stretched to its widest levels since officials began tracking the data a decade ago, according to an analysis of government data conducted for The Associated Press. Rates of unemployment for the lowest-income families — those earning less than $20,000 — have topped 21 percent, nearly matching the rate for all workers during the 1930s Great Depression.

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Business

New jobs disproportionately low-pay or part-time

In this Aug. 1, 2013, photo, a “Now Hiring” sign hangs in front of a new McDonald’s restaurant under construction in Tempe, Ariz. (AP Photo/Ross D. Franklin) WASHINGTON (AP) — The 162,000 jobs the economy added in July were a disappointment. The quality of the jobs was even worse. A disproportionate number of the added jobs were part-time or low-paying — or both. Part-time work accounted for more than 65 percent of the positions employers added in July. Low-paying retailers, restaurants and bars supplied more than half July’s job gain.

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National

Autos troubles, race at root of Detroit collapse

In this Aug. 18, 2009, aerial photo is downtown Pittsburgh located at the confluence of the Allegheny, Monongahela and Ohio rivers on the north side of Pittsburgh. (AP Photo/Gene J. Puskar) Blue-collar workers poured into the cavernous auto plants of Detroit for generations, confident that a sturdy back and strong work ethic would bring them a house, a car and economic security. It was a place where the American dream came true. It came true in cities across the industrial heartland, from Chicago’s meatpacking plants to the fire-belching steel mills of Cleveland and Pittsburgh. It came true for decades, as manufacturing brought prosperity to big cities in states around the Great Lakes and those who called them home. Detroit was the affluent capital, a city with its own emblematic musical sound and a storied union movement that drew Democratic presidential candidates to Cadillac Square every four years to kick off their campaigns at Labor Day rallies.

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National

Dropouts: Discouraged Americans leave labor force

HELP WANTED– This Friday, March 29, 2013 file photo shows a help wanted sign at a barber shop in Richmond, Va. U.S. employers added just 88,000 jobs in March, the fewest in nine months and a sharp retreat after a period of strong hiring. Many discouraged Americans are giving up the job hunt for school, retirement and disability. (AP Photo/Steve Helber, File) by Jesse Washington and Paul Wiseman WASHINGTON (AP) — After a full year of fruitless job hunting, Natasha Baebler just gave up.