Good News for Older Workers

Older unemployed workers saw welcome gains in the job market in September as employers expanded their payrolls by a higher than predicted 248,000 jobs. The national unemployment rate for people ages 55 and older fell last month from 4.6 percent to 3.9 percent, a bigger drop than the rate for workers overall, the government said. For men ages 55 and older, the jobless rate dipped to 4 percent in September from 4.4 percent the previous month. Last year at this time …

Hispanic and African-Americans: Celebrating Partners for Social Justice

This is the third in a series celebrating National Hispanic Heritage Month 2014 — Monday, September 15th through Wednesday, October 15. When Janet Murguía, President/CEO of the National Council of La Raza (La Raza), aimed to strengthen the organization’s mission “to create opportunities and open the door to the American Dream for Latino and other families,” she knew exactly what to do. As leader of America’s largest national Hispanic civil rights and advocacy organization, representing more than 50 million people, …

Hispanics and Blacks: Different Languages, Shared Economic Perspective

This is the second in a series celebrating National Hispanic Heritage Month 2014 — Monday, September 15th through Wednesday, October 15. Among the most powerful commonalities between Hispanic Americans and African Americans are the bonds that we have formed to ensure the economic futures of our families and communities. As we celebrate National Hispanic Heritage Month, we find that while language differences and national origins sometimes cause cultures to appear worlds apart, the common bonds that are worth celebrating are …

Low-Wage Jobs Replacing Middle-Income Jobs, Report Finds

First the good news: Millions of jobs that were lost during the Great Recession seem to be finally coming back. Now the bad news: Most of those newly created  jobs are low-paying ones in fast-food restaurants, retail stores and temporary administrative services -  industries that are less affected by an economic downturn, according to a new report by the National Employment Law Project, a research and advocacy organization. Today lower-wage industries employ 1.85 million more workers than at the start of the …

How to Survive Economy Class

Flying economy class? I’m sure you’re anticipating the worst – and no, you’re not just getting grumpier as you get older! The seats are smaller than they used to be. Forget about pillows and blankets. Food? Maybe a little bag of peanuts with a tenacious seal. (How’d my seatmate get that thing open? Should I ask him to open mine?) Still, if you plan ahead, it’s not too much hassle to bring along some of the creature comforts we used …

Improving Economy? Not for the Long-Term Unemployed

What’s the outlook for people out of work for at least six months? Longer unemployment. Three Princeton University economists examined the status of people who reported they were unemployed for 27 weeks or more between 2008 and 2012 - and then revisited them 15 months later. Only 11 percent had found steady full-time work one year later while 30 percent were still looking. As many as 35 percent had dropped out of the labor force altogether. Another 24 percent were in …