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12 Dec 2011 23:31

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U.S.: San Francisco’s new minimum wage sets the double-digit standard

  • $10.24 San Francisco’s new minimum wage source
  • » Happy New Year, indeed. Starting Jan. 1, San Francisco’s minimum hourly wage will jump above the $10 mark for the first time. That’s about $3 higher than the federal minimum wage and higher than anywhere else in the country, due to the fact that the progressive city ties its minimum wage to inflation and the quite-high cost of living in the area. But with wage hikes, various fees and the sagging economy, employers might have to start laying off workers again to keep up.
Posted by samimain • 0 Comments • Permalink

04 Feb 2011 14:19

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Biz, U.S.: Unemployment rate: How did it fall with such low job creation?

  • 36,000new jobs in January (really freaking low)
  • 9.8% November’s really high unemployment rate
  • 9.4% December’s falling unemployment rate
  • 9.0% January’s rate; how did it dip so far? source
  • » Explaining exactly what happened: We’ve seen three perfectly valid arguments for why this disparity between slow job growth and deep unemployment decline took place. The first is pointed out by a Gallup chart that shows that non-seasonally-adjusted unemployment is actually at 9.8 percent – suggesting seasonal adjustment is skewing the numbers. The second suggested reason is much more sinister-sounding: Unemployment benefits for so-called 99ers are starting to run out, and they aren’t looking for jobs, meaning that they are no longer covered as part of the total amount. Finally, the weather sucked in January, with snow covering most of the country, so that could be a possible explanation too. So, which one is the case, anyway?
Posted by Ernie Smith • 0 Comments • Permalink

13 Jan 2011 09:50

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Biz: With 2011 in full swing, so are fresh jobless claims

  • 35,000 the rise in jobless claims last week source
Posted by Ernie Smith • 0 Comments • Permalink

04 Mar 2009 10:33

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Biz, U.S.: Job-wise, February sucked worse than January

  • 697,000 jobs were lost in the private sector in February source
Posted by Ernie Smith • 4 Comments • Permalink
 
 
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