Tags Unemployment

Tag: unemployment

Budget Effect Studies Show $15 Minimum Wage Boost not Necessarily Boon for Workers

This month, the Congressional Budget Office (CBO) reported on its findings regarding the proposal to increase the federal minimum wage to $15 per hour. The current federal minimum wage stands at $7.25 per hour, but the Biden administration has proposed to increase the amount to $15 per hour gradually over the next several years in […]

January 2021 Unemployment Figures

The Bureau of Labor and Statistics (BLS) reported National unemployment numbers for January 2021. It showed an increase of 49,000 nonfarm jobs. The increase was lower than the expectations projected by Dow Jones Economists of 50,000 jobs and Citigroup projections of 250,000 new jobs.   Sectors showing the largest increase in new hires were Professional Business […]

Coronavirus Lockdown ‘Medicine’ Killing Its Patients: Global Experts

Experts and scientists around the world are vehemently sounding the alarm that totalitarian-style government measures enacted under the guise of stopping the spread of the Novel Coronavirus (SARS-CoV-2) pandemic are doing more harm than COVID-19 (Coronavirus Disease 2019) itself.  A paper authored by researchers from Duke, Harvard, and John Hopkins Universities and published by the […]

Biden Unveils Pandemic Spending Package Featuring $15 Minimum Wage, Expanded Unemployment

President-elect Joe Biden unveiled his $1.9 trillion pandemic spending package on Thursday, dubbed the America Rescue Plan (ARP), according to the Biden-Harris website, buildbackbetter.gov. According to the plan’s Fact Sheet, the “pandemic has shined a light on the persistence of racial injustice in our healthcare system and our economy,” and so the plan intends “to […]

Hidden Unemployment Crisis Looms in China

China’s unemployment rate in June was revealed to be 5.7 percent, which is lower than the February peak of 6.2 percent. The country’s unemployment...

CCP Virus Pushes Labor Market Into Chaos and Laborers Into Desperation

According to the International Labor Organization (ILO), there are more than 3.3 billion participants in the global workforce, with almost 1.6 billion employed in...

3 Points Explaining the Economic Fallout Caused by the CCP Virus

Many people think that the economic downturn caused by the CCP coronavirus outbreak will soon subside once the lockdowns are lifted. Unfortunately, this is...

Helping India’s Unemployed

Despite its growing economy, India continues to struggle with unemployment. Since the current government took office in 2014, India’s unemployment rate has stagnated at 3.5...

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