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Archives for Economy - 2/27 - News

Staffing firm says employers would lay off workers if minimum wage rises

If the minimum wage were to rise to $10.10 an hour, as proposed by President Barack Obama, 38 percent of companies that pay workers minimum wage say they would be forced to lay off some employees, according to a survey by Oklahoma City-based staffing ...

Just 11% of US long-term unemployed find jobs

WASHINGTON (AP) — A new study documents the bleak plight of Americans who have been unemployed for more than six months: Just 11 percent of them, on average, will ever regain steady full-time work. The findings by three Princeton University economist ...

Cutting pension funds to pay unemployment

A bipartisan deal in the Senate to renew long-term unemployment benefits could affect more than 2 million people nationwide. The news emerged last week that Congress may yet renew the federal aid, nearly three months after it expired. The Oregonian r ...

Senators reach deal extending jobless benefits

WASHINGTON (AP) — Bipartisan Senate bargainers ended a long-running election-season standoff and struck a compromise renewing expired jobless benefits for five months for more than 2 million Americans who have been out of work the longest, the lawmak ...

U.S. Chamber of Commerce pleads for increased immigration

U.S. Chamber of Commerce President Thomas J. Donohue said Monday that Congress must get back to the issue of immigration, arguing that businesses need an influx of immigrant labor because American workers aren't available. In the process, Mr. Donohue ...

Obamacare medical device tax is killing thousands of jobs

A new survey says Obamacare's tax on medical device manufacturers has cost the industry about 33,000 jobs. In a report this week, the Advanced Medical Technology Association (AdvaMed) said companies cut about 14,000 workers and decided not to hire ab ...

Democrats' minimum wage push remains a long shot

[caption id="attachment_1657" align="alignright" width="300"] (File Photo)[/caption]WASHINGTON - A Democratic push to boost the federal minimum wage to $10.10 an hour is a long shot in Congress this election year, even after President Barack Obama ma ...

Minimum wage bills pushed in at least 30 states

ALBANY, N.Y. - Minimum-wage increase proposals are getting the maximum push from Democrats in statehouses in more than half of U.S. states, highlighting the politically potent income inequality issue this year. Lawmakers in at least 30 states are spo ...

Homelessness increased in 2013 Obama economy

WASHINGTON -The downturn in the economy and a lack of local resources have forced more Americans to live under bridges, in their cars and on the couches of other family members, according to a recent report on hunger and homelessness. The 25-dty surv ...

Job growth weakest in three years

The nation's unemployment rate plunged from 7 percent to 6.7 percent last month as Americans continued to drop out of the labor force while some found jobs, the Labor Department reported Friday morning. Employment growth during the holiday month, at ...


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