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Labor economics


The recovery of the US labor market is gaining momentum after a spring lull. Employers 850,000 jobs added in June – the biggest gain in 10 months – and workers’ wages rose rapidly, the government said on Friday, both signs of strong demand for workers. The unemployment rate, derived from a separate household survey, rose …

Companies are tired of waiting for workers and are turning more and more to automation. The trend has swept through the restaurant industry as labor shortages hamper hiring. People have long feared automation could destroy jobs, but it could also trigger a “virtuous circle” that helps the economy. Loading Something is loading. After months of …

The Dow Jones, S&P 500 and Nasdaq Composite Index all ended the session with fifth consecutive quarterly gains. Wall Street recorded its fifth consecutive quarterly gain on Wednesday, a sign that the recovery from the worst days of the COVID-19 pandemic in the United States is continuing. The S&P 500 posted its fifth consecutive closing …

Although it comes from poorest economic circles on average, the children of Indian, Pakistani, Bangladeshi and black Caribbean immigrants have a higher level of education than the white majority. But that hasn’t fully translated into success in the job market, according to one report by the Institute for Fiscal Studies, an independent research organization specializing …

Think of information technology, which offers some of the highest paying jobs in the country. African Americans earn about one out of 10 bachelor’s degrees in computer science nationwide. In contrast, they represent only 2.6 people out of 100 IT professionals in the region around San Francisco, including Silicon Valley. Even with the credentials that …

Outgoing LAUSD Superintendent Austin Beutner reflects on his time in the district during during an interview earlier this month. (Photo by David Crane, Los Angeles Daily News/SCNG) Andre “Dr. Dre” Young, center, speaks with LAUSD board member George McKenna, left, and Superintendent Austin Beutner at the announcement of a new magnet high school in South …

Growing incomes, falling unemployment, relatively low interest rates through 2023 and falling inflation are predicted for the economies of the United States, California and Marin County by a prominent region economist Wednesday. Marin Economic Forum chief economist Robert Eyler, also a professor of economics at Sonoma State University, presented a timeline of some of these …

The number of Americans claiming unemployment benefits edged down last week, a sign that the job market has yet to pull all cylinders. About 411,000 people filed for unemployment for the first time during the week ending June 19, the Labor Department mentionned Thursday. This was down from 418,000 the week before. Another 105,000 have …

US House panel to examine Big Tech’s antitrust bills amid fierce criticism the House Judiciary Committee to Consider Set of Six Antitrust Bills Wednesday many aimed to curb Great technology, with heated debate expected on both sides of the issue. There has been a wave of opposition directed against the most sweeping reform bills, including …

San Francisco Federal Reserve Chairman Mary Daly poses at the bank’s headquarters in San Francisco, California, United States, July 16, 2019. REUTERS / Ann Saphir June 22 (Reuters) – Climate change poses a “significant risk” to the global economy and the financial system, San Francisco Federal Reserve Chairman Mary Daly said on Tuesday, adding that …