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Of all demographic groups in the United States, the black community has been hit hardest by the unemployment crisis. Indeed, the percentage of currently unemployed African Americans is more than double that of whites, comparing more closely in some cities to those of the Great Depression. In major cities like Detroit, Milwaukee and Minneapolis, black unemployment [...]
From 24/7 Wall St.: China is taking American jobs, labor unions, politicians and economists, have accused for some time. The logic is simple. While a manufacturing job in the U.S. may pay $50 an hour, when salary and benefits are factored in, Chinese factory laborers make little more than a few hundred dollars a month. [...]
On a steamy summer morning inside the 116th Street food pantry in Harlem, Georgiana Williams moves slowly through the aisles. For Williams, this is important but exhausting business. This is how and where she manages her family’s poverty week to week. Williams picks out two bags of brown rice and a bag of split green [...]
Despite a little skepticism, it still more than pays to go to school. In fact, education has a greater effect on how much one earns over their career than does race or gender, according to a new study by the U.S. Census Bureau. Based on data from before the recession, between 2006 to 2008, the report [...]
Despite a little skepticism, it still more than pays to go to school. In fact, education has a greater effect on how much one earns over their career than does race or gender, according to a new study by the U.S. Census Bureau. Based on data from before the recession, between 2006 to 2008, the report [...]
NEW YORK — For Kate Johnson, any job felt better than no job at all. Shortly after graduating from the University of Wisconsin-Madison, Johnson opened up her laptop and began a months-long quest to find work. Over the course of the summer, while Johnson applied to nearly 50 different jobs, she only ever heard back [...]
Despite remaining the safest road to financial prosperity, a college degree isn’t earning the recently graduated quite as much these days. The average wage for young college graduates has dropped by nearly a dollar per hour over the last decade, once accounting for inflation, according to the Economic Policy Institute. Yet despite that entry-level wage stagnation, [...]