U.S. teens still face a pretty bleak employment landscape, but their job prospects are predicted to be a bit brighter this summer, according to a new study by the Center for Labor Markets and Policy at Drexel University.
The study estimates that the nationwide 2015 summer employment rate for teens ages 16 to 19 will be 29.8 percent. That would represent the highest teen summer employment rate since 2008, when the figure was 32.4 percent.
The predicted 2015 teen employment rate of 29.8 percent is up from 27 percent in the summer of 2014 and 26.7 percent in 2013.
Carrying sings that read, "Rauner's Cuts Hurt Women" a group of community activists and Chicago-area elected officials staged a demonstration in the Loop on Thursday, pushing back against budget cuts outlined in Republican Gov. Bruce Rauner's 2016 budget proposal.
"If all we do is cut, cut, cut, all we get is blood, blood, blood. We will have the blood of innocent people running down the streets," said Cook County Commissioner Richard Boykin (1st).
Boykin was one of roughly 50 participants in the press conference and demonstration "Rauner Says"--mimicked after the game "Simon Says"--outside the Thompson Center. The game attempted to demonstrate how Rauner's proposed budget cuts would negatively impact women and low-income Illinoisans.
Even though Walmart has moved to increase employee wages, new data shows that the company's workers will still cost U.S. taxpayers a pretty penny to make up for the dismal earnings they bring home from working for the retail giant.
Last year, Americans for Tax Fairness issued a report stating that U.S. taxpayers pick up a $6.2 billion tab annually to cover public aid expenses for Walmart workers earning low wages.
That report came months before Walmart announced in February that 500,000 of its full- and part-time U.S. workers would be getting a wage hike. The hourly minimum wage for Walmart employees went up to $9 in April and will increase to $10 by February 2016.
In light of Walmart's new wage policy, Americans for Tax Fairness re-examined the taxpayer subsidy issue.
"Even after Walmart's planned wage increases are fully implemented, large taxpayer subsidies will still be required to compensate for Walmart's low wages," the group concludes in its newest report.
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.