Jobless Rate Inches Up for Older Workers

The 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

Is 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 …

Thank Unions for the Weekend, or Blame Them for Everything Else?

Americans continue to be widely divided about labor unions, according to Gallup’s annual Labor Day poll. This year’s approval rating rose slightly above the last two years, from 52 percent to 54 percent. That’s still pretty close to the all-time low of 48 percent in 2009. The all-time high: 75 percent in the mid-1950s. Although from a dyed-in-the-wool union family, I, like America, am split on unions. My grandpa Sam sewed furs and was an officer in the International Fur …