Unemployment

PI Original
by Ellyn Fortino
3:49pm
Fri Jun 19

On Juneteenth's 150th Anniversary, What Is The State Of Black America?

With Friday marking the 150th anniversary of Juneteenth, recent statistics on income, employment and other quality of life categories paint a grim picture of the current state of black America. The anniversary also follows the seemingly racially-motivated mass shooting on Wednesday that left nine people dead at the historic Emanuel African Methodist Episcopal Church in Charleston, South Carolina. 

PI Original
by Ellyn Fortino
5:37pm
Wed May 27

Labor Market Still Tough For Today's Young Grads, But Their Job Prospects Are Brighter

Experts at the Economic Policy Institute say the U.S. labor market remains difficult for young high school and college graduates, but their job prospects are better than they were for the past several groups of students who graduated in the wake of the Great Recession.

Quick Hit
by Ellyn Fortino
12:38pm
Tue May 12

Currency Manipulation Key Issue In Heated Debate Over TPP, 'Fast-Track' Trade Bill

As debate over the Trans-Pacific Partnership (TPP) deal rages on, a growing number of lawmakers and economic experts are troubled by the massive trade agreement's lack of strong rules against currency manipulation by foreign member countries. Calls for currency manipulation prohibitions in the TPP also come amid heated deliberation over legislation that would give President Barack Obama "fast-track" trade authority.

Currency manipulation involves a country artificially suppressing the value of its currency, usually relative to the U.S. dollar, to reduce the price of its exports, essentially giving itself a leg up over competitors. This practice is a key cause of the continuing U.S. trade deficit and has displaced between 1 million and 5 million American jobs.

It's estimated that between $200 billion and $500 billion of the U.S. trade deficit is due to currency manipulation by foreign countries, according to research from the Washington, D.C.-based Peterson Institute for International Economics.

Quick Hit
by Ellyn Fortino
1:39pm
Thu May 7

College Grads Face Bleak Wage Landscape, A Breakdown Of Illinois Jobless Rates By Race

The average hourly wage for young female college graduates was a mere $16.56 in March -- just 1.2 percent higher than what was earned by the same demographic at the end of 1989, according to new data released by the Economic Policy Institute.

That's just one of the takeaways from EPI's analysis of wage trends for college and high school graduates, ranging from December of 1989 to March of 2015.

The wage figures -- issued ahead of Friday's jobs report for April -- provide a "glimpse at the future for the graduating class of 2015" and are part of a larger forthcoming EPI report on recent young graduates and the U.S. job market they face.

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