Reports from the Economic Front
If you’re a woman over the age of 50, finding work has statistically gotten harder since 2008. Economics correspondent Paul Solman sat down with Teresa Ghilarducci, a labor economist and the author of the new book, “How to Retire with Enough Money,”to talk about how age discrimination and assumptions about the worth of women’s labor affect the job and retirement prospects of “older” women workers.
Economic Policy Institute (EPI)
New data shows no change in the poverty rate in most states for the past two years. Only two states have poverty rates below their 2007 level, before the state of the Great Recession. However, the data suggest that the lack of real income growth over the past decade and a half has been even more pronounced for households at the bottom of the income scale. Click below to see where your state stands (or doesn't).
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"Workers increasingly serve businesses that do not officially 'employ' the worker — a distinction that hampers organizing, erodes labor standards and dilutes accountability," said Catherine Ruckelshaus, general counsel for the National Employment Law Project, which advocates on behalf of low-wage workers. A recent Federal Reserve study showed that nearly 7.5 million people who are working part time — contract workers included — would rather have full-time jobs.
In a weak macroeconomy, the employment rate is a better indicator of labour market strength, since it avoids the arbitrary distinction regarding whether someone is sufficiently "active" in their job search to qualify as being officially "in" the labour market. The erosion of Canada's labour market performance over the last couple of years is not surprising in light of the general stagnation of the main drivers of economic growth in our system.
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Economic Policy Institute