Government assistance programs and policies are contributing to the decline in employment activity among able-bodied Americans, according to a new study by the Joint Economic Committee (JEC) Republicans. The study, titled, “Reconnecting Americans to the Benefits of Work,” published on Wednesday, seeks to understand why fewer prime-age Americans are part of the nation’s workforce. While noting that declining…
Government Assistance Programs and Policies Contributing to Employment Decline Among Able-Bodied Americans: Study
Bostic: US Near Full Employment Next Year, Rate Liftoff in 2022, Three Hikes in 2023
WASHINGTON—Ongoing economic growth will push the U.S. to near full employment by the end of 2022, with interest rates beginning to rise that year and “no impediment” to a faster pace of rate hikes after that, Atlanta Federal Reserve bank president Raphael Bostic said Thursday. “I have the economy operating very strong … and nearing…
Delta Variant Casts Shadow Over East Asia and Pacific Economies in Long Term: World Bank
The World Bank said on Monday that the COVID-19 Delta variant is holding back the recovery in East Asia and Pacific (EAP) countries, which would give rise to economic recession and inequality in the long term. Testing, tracking, and isolation among the public have been less effective against the more infectious Delta variant, partly driving…
Young Dad Quits Secure Job to Start Booming Plumbing Company, Creates More Employment
A young plumber, and father, who quit a secure job to go solo is celebrating the fruits of his labor. Not only does he now employ others, but he’s also just landed the biggest plumbing contract of his career so far. Noah Fladager, 26, has been married to Caitlin, 27, for almost seven years. Speaking…
Australian Employment Slides in August as Lockdowns Slash Workers’ Hours
SYDNEY—Australian employment dived in August as coronavirus lockdowns in Sydney and Melbourne forced businesses to lay off workers and slash hours, while the jobless rate was nudged lower by a sharp fall in the number of people looking for work. Thursday’s data from the Australian Bureau of Statistics (ABS) showed employment fell by 146,000 in…
Factories Hit By Pandemic-Related Supply Disruptions
Global factory activity lost momentum in August, just one day after GDP data showed robust manufacturing growth in the first quarter of the current financial year, according to the latest survey of purchasing managers by data firm IHS Markit. The survey (pdf) found that production, delivery, and distribution schedules all experienced substantial delays in August as the ongoing…
The Dos and Don’ts of Starting a Side Business
By Romesh Hettiarachchi Running a business may seem exciting—especially if that business is built around the things you are most passionate about. After all, who can say no to extra money? However, running a business comes with risks—risks that are greater if you want to run a successful side business while being employed. Here are some…
How to earn money and travel by working on farms
Like travel? Love gardening or have a special affinity for critters? Enjoy using your hands and learning new things? Well- there are farms, ranches and orchards of all kinds looking for YOU. Everywhere. Organic farms, fish or shrimp farms (aquaculture), flower farms, orchards, cattle and horse ranches, apiaries (bees), turkey farms, llama farms, goats, rice…
Total Personal Income in California Expected to Exceed $3 Trillion
June 24, 2021
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Commentary Economists at Chapman University expect total personal income in California to exceed $3 trillion in 2021, a 7.1 percent boost from 2020. The $3.013 trillion figure predicted by the economists, if realized, will be 20 percent higher than the $2.514 trillion total personal income Californians earned just three years ago, in 2018. To put…
Employers Must Brace for Competitive Talent Market as Workers Rethink Careers and Job Expectations: Survey
A new survey suggests employers should brace for an increasingly competitive talent market post-pandemic, with half of U.S. workers telling pollsters they feel more in control of their careers and a majority saying they’d like to retrain for a job in an entirely different field. According to Prudential’s latest Pulse of the American Worker Survey, which polled…
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