Employment
From the Census Bureau: Income, Poverty and Health Insurance Coverage in the United States: 2016
The 2016 real median earnings of men ($51,640) and women ($41,554) who worked full- time, year-round were not statistically different from their respective 2015 medians. The female-to-male earnings ratio was 0.805, an increase of 1.1 percent from the 2015 ratio of 0.796. This is the first time the female-to-male earnings ratio has experienced an annual increase since 2007.Between 2015 and 2016, the total number of people with earnings increased by about 1.2 million. In addition, the total number of full-time, year-round workers increased by 2.2 million between 2015 and 2016, suggesting a shift from part-year, part-time work status to full-time, year-round work status. more »
Labor Day 2017: The International Ladies' Garment Workers' Union (ILGWU) Was Once One of the Largest in the US
Through the years the nation gave increasing emphasis to Labor Day. The first governmental recognition came through municipal ordinances passed during 1885 and 1886. From these, a movement developed to secure state legislation. The first state bill was introduced into the New York legislature, but the first to become law was passed by Oregon on February 21, 1887. During the year four more states — Colorado, Massachusetts, New Jersey, and New York — created the Labor Day holiday by legislative enactment. By the end of the decade Connecticut, Nebraska, and Pennsylvania had followed suit. By 1894, 23 other states had adopted the holiday in honor of workers, and on June 28 of that year, Congress passed an act making the first Monday in September of each year a legal holiday in the District of Columbia and the territories. more »
Janet Yellen: Financial Stability a Decade After the Onset of the Crisis
Because of the reforms that strengthened our financial system, and with support from monetary and other policies, credit is available on good terms, and lending has advanced broadly in line with economic activity in recent years, contributing to today's strong economy. At the same time, reforms have boosted the resilience of the financial system. Banks are safer. The risk of runs owing to maturity transformation is reduced. Efforts to enhance the resolvability of systemic firms have promoted market discipline and reduced the problem of too-big-to-fail. And a system is in place to more effectively monitor and address risks that arise outside the regulatory perimeter. Nonetheless, the scope and complexity of financial regulatory reforms demand that policymakers and researchers remain alert to both areas for improvement and unexpected side effects. more »
American Psychological Association: Celebrating Diversity Was a Major Theme of Their 125th Meeting
Jo Freeman writes: Unlike the other social sciences, psychology is thriving. While the supply of trained psychologists in the labor force has remained constant since 2005, the demand has grown. Quite a few employers purchased booths in the exhibit area just to advertising that they were hiring and interview potential recruits. They ranged from clinics in Hattiesburg, MS to New Zealand. more »