labor

Improving Economy? Not for the Long-Term Unemployed

Posted on 03/26/2014 by |Money and Work | Comments

Bulletin Today | WorkWhat’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 …

Timing of Fiduciary Rule for Retirement Plans Questioned

Posted on 01/15/2014 by |Money and Work | Comments

Bulletin Today | WorkIf you have a 401(k) or other retirement plan, you may be waiting even longer before new government standards are imposed that require your financial adviser to act in your best interest. The U.S. Department of Labor was in the final stages of preparing a proposal that would establish a so-called fiduciary standard for retirement plan advisers, which means they’d be required to put their clients’ financial interests ahead of their own when offering investment advice. A number of consumer groups …

Looking for a Good Job? Now’s the Time. Or Not.

Posted on 09/19/2013 by |Money and Work | Comments

Bulletin Today | WorkOfficials at Gallup poll apparently broke out the rose-colored glasses when they reported Thursday that Americans are more optimistic about the availability of good jobs. Of the 1,510 people polled, a majority of people ages 50 to 64 (78 percent), and 65-plus (79 percent), say that now is actually a bad time to find what Gallup said was a quality job. Younger folks were only slightly less pessimistic. Sixty percent of people ages 18 to 29, and 65 percent of …

Home Health Workers to Get Minimum Wage, Overtime Pay

Posted on 09/18/2013 by |Health | Comments

Bulletin Today | CaregivingBy Susan Jaffe, Kaiser Health News The U. S. Department of Labor issued new rules Tuesday that mandate home health care agencies pay their workers the minimum wage and receive overtime pay starting in 2015. “Almost 2 million home care workers are doing critical work, providing services to people with disabilities and senior citizens who want to live in community settings and age in place in their familiar surroundings,” said Secretary of Labor Thomas Perez. But when it comes to …

Jobless Rate Inches Up for Older Workers

Posted on 09/6/2013 by |Money and Work | Comments

WorkThe dog days of August brought a slowdown in summer hiring. Employers created a tepid 169,000 jobs last month, less than what economists expected, and the  unemployment rate for older workers inched up to 5.1 percent, the government reported Friday. Men aged 55 and older saw their jobless rate decline in August to 5.4 percent from 5.6 percent the month before. The situation was reversed for older women: the rate rose to 5.2 percent last month from 4.9 percent in July. Nationally, …

Saving Jobs in Hard Times

Posted on 09/3/2013 by |AARP Blog Author | Comments

Public Policy Institute | WorkIs there a way to protect some workers — younger as well as older — from job loss during economic downturns? Some might be helped during the next recession if more employers have access to and use what is known as short-time compensation or work sharing. Work sharing is exactly what it sounds like — the sharing or spreading around of the available work when times are tough. Work sharing is not to be confused with job sharing, which is …