Despite Stock Market Gains, Workers Worry About Retirement
The stock market has climbed back to a record high, but workers remain pessimistic about having enough money for retirement, a survey finds.
The stock market has climbed back to a record high, but workers remain pessimistic about having enough money for retirement, a survey finds.
The economy has been saved...but what about workers? Studies show that, when it comes to the spoils of economic growth, workers are getting the short end of the stick.
For many of the most desperately unemployed, credit checks may be standing between them and a job, a new study shows.
As the Labor Department reported, employers added 163,000 jobs last month -- far more than the 100,000 forecast and the biggest gain since February. But the nation's unemployment rate ticked up to 8.3 percent. Here are four pieces of good news buried in the report.
This year, for the seventh time in the past decade, Walmart is No. 1 on the Fortune 500. But how big is it? The numbers listed for largest American company are too immense to grasp in the abstract, so we've found some comparisons to put them on a more comprehensible human scale.
A century after the Triangle Shirtwaist Factory fire claimed the lives of 146 seamstresses in New York, worker protections are eroding around the world. As government and corporate interests from Bangladesh to Wisconsin wage war on the rights of labor, have the lessons of the Triangle disaster been forgotten?
The Republicans are winning this year's budget battle: Discretionary spending will decrease. But this is hardly the time for the GOP to take a victory lap: Next, the GOP will have to lower unemployment and improve the average American's daily life -- two areas where the party has historically come up short.
Everyone knows that the typical American household has been running in place or falling behind financially, thanks to stagnant wages and rising prices. But a new study from the the Economic Policy Institute shows that the problem has been endemic not for years, but for decades.
During the past three decades, businesses of all sizes have shifted away from traditional defined-benefit plans to defined-contribution plans, also known as 401(k)s. Now, states and local governments are doing the same, even though many workers lack the necessary investing savvy.
Since the 1930s, when the National Labor Relations Board was established, no state has ever sought to prohibit workers from organizing. But in Wisconsin, collective-bargaining rights are under "assault," in President Obama's words. And other states are watching.
Veterans with disabilities have a staggering 41% unemployment rate. That's especially true for veterans who return from Iraq and Afghanistan with two signature disabilities: post-traumatic stress disorder and traumatic brain injury, which frequently go undiagnosed.
It's hard to fathom that something as mundane as weather could affect employment statistics. But it clearly does. And it also has big impact on how much work actually gets done. And beyond the snows of winter, there's distractions like the Super Bowl that keep worker from their duties.
After increases during 2007 and 2008 in the number of unionized workers, 2010 is following 2009 in showing a big drop. Governments now employ more union labor than the private sector does, but both categories showed declines in 2010. It's a far cry from labor's glory years.









