Labor & Economic News Blog
Wednesday, October 31, 2012
The End of Men, RevisitedThe End of Men, Revisited
The notion that the male economic advantage is coming to an end is debunked by a new statistical analysis.
Euro Zone Unemployment Hit New High in SeptemberEuro Zone Unemployment Hit New High in September
The jobless rate ticked up to 11.6 percent from the 11.5 percent in August, as 146,000 more people were classified as unemployed, data showed on Wednesday.
Friday, October 26, 2012
‘Fiscal cliff’ has already cost U.S. jobs, report says‘Fiscal cliff’ has already cost U.S. jobs, report says
The cliff is two months away, but nearly a million jobs have been lost this year as companies scale back.
California: Joblessness down, but state not in clearJoblessness down, but state not in clear
... but 8,500 "is a very small job gain" on a base of roughly 14.3 million nonfarm jobs, says Michael Reich, a labor economist at UC Berkeley.
Wednesday, October 24, 2012
Report: Minimum-wage hike would raise food prices just penniesReport: Minimum-wage hike would raise food prices just pennies
A new report released today, national Food Day 2012, says that a proposal pending in Congress to raise the minimum wage would increase retail food prices for American consumers by about 10 cents a day, while helping nearly 8 million food workers and 21 million workers in other industries.
Increasing the Minimum Wage in San Jose: Benefits and Costs, CWED ReportIncreasing the Minimum Wage in San Jose: Benefits and Costs
CWED, October 2012
This Policy Brief provides an independent academic analysis of the likely impacts of Measure D in San Jose California. The benefits of Measure D: 18.9 percent of San Jose’s workers will obtain pay increases as a result of Measure D. The increased spending power of minimum wage workers will stimulate the region’s economy by about $190 million. The costs of Measure D: Rigorous and prestigious academic studies of minimum wage effects across local boundaries indicate that Measure D will not have any disemployment effects. This research has invalidated previous studies that claim to find disemployment effects.
Friday, October 19, 2012
Many older Californians rely on Social Security just to get byMany older Californians rely on Social Security just to get by
For the nation's 45 million elderly Social Security recipients, the bad news tempered the good: They learned this week that a 2013 cost-of-living increase will raise their monthly Social Security income – but by only a fraction.
San Bernardino stops payments to CalPERS, owes pension fund $5.3 millionSan Bernardino stops payments to CalPERS, owes pension fund $5.3 million
The city of San Bernardino has stopped making its required payments to CalPERS since filing for bankruptcy and owes the big pension fund $5.3 million, CalPERS said today.
Wednesday, October 17, 2012
Boxing Out: Race, Walmart and the Politics of Labor Market Regulation from Below
Thursday, October 11, 2012
The Baby Boom and Economic RecoveryThe Baby Boom and Economic Recovery
Post-recession levels of employment may be affected as much by demographics as by the nation’s economic policies.
U.S. Jobless Claims Fall to Lowest in Four and a Half YearsU.S. Jobless Claims Fall to Lowest in Four and a Half Years
The number of Americans filing new claims for unemployment benefits fell sharply last week to the lowest level since February 2008, government data showed.