"We have a business to run and unfortunately the economies of a restaurant are such that your payroll is your largest expense and if you can’t control it you have problems with the bottom line."
After years of falling employment rates, the share of teens with jobs has been rising nationally... but California is seeing a decline in teen workers and an exodus of the teen workforce from the state.
John Maynard Keynes would be thrilled to hear about the brilliant solution Chicago has come up with to help solve its pension deficit: issue a $10 billion bond and take on more debt.
Here are some facts to consider before American "democratic socialists" look to Denmark for guidance, as Senator Bernie Sanders did during the 2016 presidential campaign...
Deutsche Bank's CFO has urged employees to "take every opportunity to restrict non-essential travel" until the end of the year adding that "with your help, we will meet our cost-reduction targets."
CEOs of major corporations got an average pay rise of 17.6% over the last year while rank-and-file employee compensation rose just 0.3% over the same time.
A new study shows that automatically enrolled 401 (k) participants carry higher balances than those who opt-in on their own. However, auto-enrollees are more likely to borrow against, or simply withdraw, from these accounts.
In Philadelphia, most of the wage growth is driven by health-care and pharmaceutical companies that demand strong millennial talent from higher education institutions around the region...
The places where most of your paycheck goes to rent is actually cities with high salaries but very high rent. Only College Station and Orlando have relatively low rent and make the list because of low salaries.
"The GPIF’s biggest problem is it can’t keep taking in domestic bonds - especially government bonds - as a staple with Japanese interest rates so low. The fund needs to sample a wider variety of dishes."
In a US economy, in which there was a perfect match between worker skills and employer needs, there would be zero unemployed workers for the third consecutive month.
