SEATTLE (AP) — Seattle activists celebrated a successful campaign to gradually increase the city’s minimum wage to $15 by calling for a national movement to close the income and opportunity gaps between rich and poor. The Seattle City Council unanimously passed an ordinance Monday that would give the city the highest minimum wage in the […]
WASHINGTON (AP) — The number of Americans seeking unemployment benefits fell last week to nearly the lowest level in seven years, a sign hiring may be picking up. The Labor Department says weekly applications for unemployment aid dropped 27,000 to a seasonally adjusted 300,000. That’s just above a seven-year low reached three weeks ago. The […]
According to a new study, African-Americans face a particularly difficult situation when it comes to finding a job after school. The 2013 unemployment rate for recent college grads who are black was almost twice that of recent college grads overall, according to a report released Tuesday by the Center for Economic and Policy Research, a […]
WASHINGTON (AP) — U.S. employers added a robust 288,000 jobs in April, the most in two years, the strongest evidence to date that the economy is picking up after a brutal winter slowed growth. The Labor Department also said Friday that the unemployment rate sank to 6.3 percent, its lowest level since September 2008, from […]
WASHINGTON (AP) — The number of Americans applying for unemployment benefits rose last week to the highest level since February, more disappointing news for an economy that is supposed to be gaining momentum. The Labor Department says a seasonally adjusted 344,000 people applied for jobless aid, up 14,000 from the previous week and the most […]
LOS ANGELES (AP) — Toyota delivered a surprise pink slip to California on Monday, announcing the company would move its U.S. headquarters and about 3,000 jobs from the Los Angeles suburbs to the outskirts of Dallas. The world’s largest automaker will keep a foothold in the Golden State – about 2,300 jobs will remain in […]
Credit card companies know there’s no free lunch, but they’re letting more customers get a taste as an enticement by gouging their existing card members. The NY Post reports: The average credit card interest rate for people with fair credit has hit a shocking 21 percent, up more than 2 percent from only a year […]
WASHINGTON (AP) — People with old Social Security debts are getting a reprieve — for now. The Social Security Administration had been participating in a program in which thousands of people were having their tax refunds seized to recoup overpayments that happened more than a decade ago. On Monday, Acting Social Security Commissioner Carolyn W. […]
LUBBOCK, Texas (AP) — The highest beef prices in almost three decades have arrived just before the start of grilling season, causing sticker shock for both consumers and restaurant owners — and relief isn’t likely anytime soon. A dwindling number of cattle and growing export demand from countries such as China and Japan have caused […]
The National Urban League‘s 38th annual “State Of Black America” report highlights that job creation in the country is of smaller benefit to Black and…
MILWAUKEE (AP) — A virus never before seen in the U.S. has killed millions of baby pigs in less than a year, and with little known about how it spreads or how to stop it, it’s threatening pork production and pushing up prices by 10 percent or more. Estimates vary, but one economist believes case […]
Nigeria has become Africa’s biggest economy, leapfrogging South Africa, after the government announced a long-overdue rebasing of the country’s GDP. The new calculations take into account changes in production and consumption since the last time the exercise was carried out in 1990 and indicated that the economy grew to $453-billion in 2012, instead of $264-billion […]
