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The mediocre American jobs machine: nobody’s impressed
The U.S. labor market kept chugging along in July, with the economy adding 215,000 jobs and the unemployment rate steady at 5.3%, according to the latest employment situation report from the Labor...
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Here’s why you haven’t gotten a raise
Employers in the U.S. are hiring, the nation's unemployment rate is now at a rate considered near normal, and jobs are being filled across a range of industries, but there's a missing piece of the...
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Donald Trump vs. Davos: Is China really ‘killing’ the U.S.?
LL Cool J once famously snarled, “Don’t call it a comeback, I been here for years.” The couplet could have served as an epigraph to the U.S. section of the World Economic Forum’s 2015 global...
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Why September’s jobs report was a huge disappointment
The U.S. economy added just 143,000 new jobs and September, while the unemployment rate held steady at 5.1%, according the most recent estimate from the Bureau of Labor Statistics. The headline number...
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The Unemployment Rate is 5%. So Why is America So Grumpy?
The official unemployment rate in the United States is 5%, which is below the post-war average of 5.8%. The S&P 500 is sitting pretty, just 2% off its all-time high, set earlier this year. Oh yeah,...
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More Proof That Wages Are (Finally) Perking Up
Economists got a nice surprise last week, when the monthly jobs report showed an unexpected 9-cents-per-hour uptick in wages. But what the government figures don't show is that the biggest pay gains so...
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The Housing Market Has a Major Supply Problem
Every business owner has her fair share of grievances. After all, it’s not easy staying in the black. But it’s also common for people to exaggerate the significance of their problems. And that’s why...
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Will a Lackluster Black Friday Sink the U.S. Economy?
The holiday shopping season is crunch time for many retailers. And this year many economists are predicting retailers will come up short. Thanksgiving will be a big test of that. On Sunday, National...
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The U.S. Economy Looks Great, Unless You’re a Manufacturer
On Friday the Labor Department announced that the U.S. economy had added more than 211,000 jobs in November, and that the unemployment rate held steady at 5%--below the post-war average of 5.8%. In...
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Corporate America’s Impressive Highs and Depressing Lows in 2015
Looking back over the past 12 months, it would be easy to label 2015 a year in which shareholders found their voice and exercised remarkable power over corporations. Looking at December alone, Apple...
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These Struggling Retailers Are Complaining About Paying Higher Wages
Good staff costs money, as retailers discovered this holiday season. A number of major retailers, ranging from Sears shld to Kohl’s kss to home improvement chain Lowe’s low pointed to higher wages for...
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McDonald’s Says its Wage Hikes Are Improving Service
Last year, McDonald’s mcd joined a chorus of struggling U.S. companies offering workers pay hikes to help spur a turnaround. And it looks like the move is paying off for the fast-food giant. The...
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Minimum Wage Hikes Will Raise E-Commerce Shipping Costs
A report released Friday by the real estate services firm CBRE says that the rising wave of minimum-wage increases at the city and state levels will have a pronounced effect on the warehouses that...
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How U.S. Businesses Can Tackle Inequality
U.S. Presidential candidates contend that the American Dream is dead, inequality runs rampant, and opportunity no longer exists. The lack of opportunity has widened the gap between rich and poor today...
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As Wages Keep Rising, So Does Employee Turnover
Want proof that the job market just keeps getting better (for employees and job seekers, anyway)? Full-time employees ages 25 to 34 got an average 10% pay hike if they changed jobs in the first quarter...
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McDonald’s Shuts Its Headquarters as Protesters Rally for $15 an Hour
Hundreds of protesters marched through pouring rain to call for higher wages and union rights at McDonald’s Corp on Wednesday, leading the hamburger chain to shut down its headquarters a day before its...
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Harvard Study Says The Rent Is Indeed Too Damn High for 21 Million Americans
Harvard University researchers have come to a conclusion that many Americans likely already know: The rent is indeed too damn high. For 11 million Americans, half of every paycheck goes to covering the...
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Why Neither Brexit Nor Trump Will Fix the World’s Job Problems
Britain's vote to exit the European Union and the success of Donald Trump's candidacy, with its stated intent to redo trade deals and get rid of immigrants, may result in part from the reality of...
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Why the GOP Didn’t Talk Much About the Economy in Cleveland
Twenty years from now, historians looking back at Republican presidential nominee Donald Trump's acceptance speech will be mystified by many things. The shouting, the color of the hair, and the almost...
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This 1970s Monster Is Haunting the Economy Again
For the economy, it was truly a freaky Friday. Economy watchers started their day with their worst surprise in months. The Commerce Department reported that GDP rose just 1.2% in the second quarter of...
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