Jeffrey Immelt, General Electric CEO and President Barack Obama’s job czar, said he wants the American public to root for him and his company — just like his employees do. “I think this notion that it’s the population of the U.S. against the big companies is just wrong. It’s just wrong-minded and when I walk [...]
More than one-fifth of employed Americans lack health insurance, according to a recent survey, and that number is may be poised to grow as more workers take part-time or temporary jobs that don’t offer employer-provide health care. Twenty-two percent of American workers lack health insurance, a Department of Labor-funded study from the Iowa Policy Project found. [...]
Children that grow up in poor neighborhoods have a significantly reduced chance of graduating from high school, according to a study in the October issue of the American Sociological Review Black children who grow up in neighborhoods with high levels of poverty and unemployment have a 76 percent chance of graduating from high school, compared to a [...]
U.S. private-sector employers added 91,000 jobs in September, above economists’ expectations, a report by a payrolls processor showed Wednesday. Economists surveyed by Reuters had forecast the ADP National Employment Report would show a gain of 75,000 jobs. August private payrolls were revised down to an increase of 89,000 from the previously reported 91,000. The report [...]
The number of planned layoffs at U.S. firms in September jumped to its highest in more than two years due to heavy cutbacks by the military and Bank of America, a private report on Wednesday showed. Employers announced 115,730 planned job cuts last month, more than double August’s total of 51,114, according to the report [...]
Twenty-five percent of very young children in America are living in poverty, according to an analysis of Census data released Thursday. The number of children under six living in poverty rose to 5.9 million in 2010 from 5.7 million in 2009, researchers from the Carsey Institute at the University of New Hampshire found. The ranks of [...]
WASHINGTON — Older workers are less likely to lose their jobs than younger workers, but once they do, they’re more than twice as likely to be out of work for 99 weeks or longer. Among jobless workers younger than 35, 8.1 percent had been out of work for 99 weeks. But 16.3 percent of jobless [...]
A larger share of Americans say they’ll be millionaires by 2020 than were millionaires in 2010, according to a new poll. Twenty percent of Americans say they’ll be millionaires in the next decade, compared with 8 percent of United Kingdom residents, Associated Press-CNBC poll released Monday found. But only one in every 20 households was a [...]
From 24/7 Wall St.: The U.S. Census Bureau released two pieces of widely followed data Tuesday — one on poverty and the other on median income for 2010. The most interesting findings in this release were the state-by-state figures, especially when compared to national averages. A closer look at the statistics shows that a relatively [...]
It’s the unemployment, stupid, according to a Gallup poll released Thursday. Almost 40 percent of Americans said in September that unemployment or joblessness is the biggest issue facing the country, up from 29 percent in August, a Gallup Poll released Thursday shows. Americans now cite unemployment more than “the economy” as the nation’s most important [...]
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