Workers Hardest Hit By Recession Are Joining In Recovery
New York Times (August 3, 2018)
The unemployment rate for those without a high school diploma fell to 5.1 percent in July, the Labor Department reported Friday, the lowest since the government began collecting data on such workers in 1992. At the economy’s nadir in the summer of 2009, the unemployment rate for high school dropouts hit 15.6 percent, more than three times the peak unemployment rate for college graduates.
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July Jobs Report: Payrolls Rise 157,000 And Unemployment Rate Drops To 3.9%
Fortune (August 3, 2018)
Healthy consumer spending and business investment, supported by tax cuts and a bump in federal spending this year, are resulting in job gains that continue to be more than sufficient to accommodate population growth in the 10th year of the economic expansion. While the data mark a solid start to the quarter and should keep the Fed on track for an interest-rate hike in September, a widening trade war threatens to curb growth in the labor market.
“Right now, concerns about tariffs are just that: concerns,” said Michael Gapen, chief U.S. economist at Barclays Plc in New York. “There’s no evidence that businesses are changing the way that they’re hiring and spending.”
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DOJ, Labor Dept To Target Employers That ‘Discriminate’ Against Americans By Hiring Foreign Workers
The Hill (July 31, 2018)
The Departments of Justice (DOJ) and Labor announced an agreement Tuesday to work together in cracking down on companies that “discriminate” against U.S. workers by hiring foreign workers.
The DOJ’s Civil Rights Division and the Labor Department will start sharing information on employers, refer issues to the appropriate officials at each department and offer training to each other’s staff under the agreement.
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