Millions of lower-paid white-collar employees would benefit from increasing the threshold below which all salaried workers are covered by Fair Labor Standards Act overtime protections to $984 per week ($51,168 per year), which is simply the 1975 threshold adjusted for inflation.
Restaurant workers' low wages leave many either poor or near-poor. The quality of restaurant jobs can be improved by reforming or enacting policies to give restaurant workers more bargaining power and raise their wages.
This issue brief investigates the characteristics of workers who would benefit from a proposed increase in the salary threshold below which all salaried workers are covered by overtime protections of the Fair Labor Standards Act (FSLA).
While the rate of short-term unemployment (joblessness lasting less than 27 weeks) has fallen to almost pre-Great Recession levels, the rate of long-term unemployment (joblessness lasting for 27 weeks or more) is still significantly elevated from its pre-Great Recession levels.
Part-time work—working less than 35 hours in a week—rose fairly steeply in the recession, but has remained roughly flat for the last five years.
While immigration is among the most important issues the country faces, misperceptions persist about fundamental aspects of this crucial topic—such as the size and composition of the immigrant population, how immigration affects the economy and the workforce, the budgetary impact of unauthorized immigration, why increasing numbers of unaccompanied migrant children are arriving at the United States’ Southwest border, and the various facets of U.S.
The June JOLTS data show a labor market that is improving at a modest, steady pace, but not accelerating.
Originally posted in New Labor Forum 1095796014544325, first published on August 4, 2014.
EPI’s President Lawrence Mishel and economist Heidi Shierholz and John Schmitt from the Center for Economic and Policy Research have published a new paper in The New Labor Forum called Wage Inequality: A Story of Policy Choices about the causes of wage stagnation and wage inequality.
Part-time work—by definition, working less than 35 hours in a week—rose fairly steeply in the recession, but has remained roughly flat for the last five years.
Second quarter job growth was delightfully strong—277,000 jobs added per month on average—and even I got excited that maybe the pace of job growth was meaningfully accelerating.
The weak labor market of the last seven years has put enormous downward pressure on wages. Employers just don’t have to offer big wage increases to get and keep the workers they need when their workers don’t have anywhere else to go.
This morning’s jobs report showed decent growth, with 209,000 jobs added in July and the unemployment rate ticking up slightly to 6.2 percent.
Last month’s jobs report was a strong one. We added 288,000 jobs, bringing the second-quarter average growth rate to 272,000 jobs per month.
Changes in labor market policies and practices have played a key role in the rise of inequality and the wage stagnation the vast majority of workers have seen since the 1970s.
Since the 1970s, the United States has experienced rising wage inequality stemming from a growing wedge between overall productivity (how much workers produce in an hour of work on average), and compensation.
If job opportunities were ramping up, we should see the rate of hires and quits rising, but the hires rate has made no sustained improvement in the last nine months, and the quits rate hasn’t budged for seven months.
The release of the June 2014 jobs numbers this morning marked the five-year anniversary of the official end of the recession (and start of the recovery) in June 2009, making this a reasonable time to address one of the persistent myths of this recovery—that the jobs recovery has been weak because of a “skills mismatch,” whereby workers do not have the skills they need for the jobs that are available.
The release of the June 2014 jobs numbers this morning marked the five-year anniversary of the official end of the recession (and start of the recovery) in June 2009.
This morning’s jobs report—which marks the five-year anniversary of the official end of the Great Recession (and start of the recovery)—showed the labor market added 288,000 jobs and the unemployment rate dropped two-tenths of a percent to 6.1 percent.
Aside from the oddity that the numbers are being released on a Thursday, what should we be looking for tomorrow? Last month, as predicted, much was made of the fact that we now have more total jobs (public and private combined) than we did before the Great Recession began in December 2007 (of course, due to the growth of the potential labor force since that time, we are still millions of jobs in the hole).
Earlier this week, EPI economist Heidi Shierholz spoke on a Congressional Full Employment Caucus panel about policy fixes to the nation’s long-term unemployment crisis, convened by Rep.
EPI economist Heidi Shierholz's comments for a Congressional Full Employment Caucus panel about policy fixes to the nation’s long-term unemployment crisis, convened by Rep. Conyers (D-Mich.).
EPI Economist Heidi Shierholz, author of an annual study of youth employment, talking about The Class of 2014: The Weak Economy is Idling Too Many Young Graduates.
On Wednesday, June 25, 2014, EPI economist Heidi Shierholz testified about the labor market prospects of young workers and recent graduates before the Subcommittee on Economic Policy of the U.S.
EPI Economist Heidi Shierholz testified before the Joint Economic Committee of the U.S. Congress at a hearing on “Empowerment in the Workplace” on June 18, 2014.
The April Job Openings and Labor Turnover Survey (JOLTS) data show a labor market that is holding steady. If job opportunities were ramping up, we would see the rate of hires and quits rising, but neither of these measures has made any sustained improvement in the last half year.
In today’s weak labor market, there are around 6.0 million “missing workers”—potential workers who, because of weak job opportunities in the aftermath of the Great Recession, are neither employed nor actively seeking work.
With the addition of 217,000 jobs in May, the U.S. labor market has now surpassed its pre-recession employment peak, a benchmark (the pre-recession employment peak) which is of zero economic interest.
This morning’s jobs report show payroll employment increased by 217,000, passing the pre-recession peak. This might sound like good news, but it is important to remember that return to the pre-recession level of employment does not mean we are back to health in the labor market.
It is very likely that when the jobs numbers are released tomorrow morning, we will learn that the total number of jobs in the U.S.