Employment
Jo Freeman's Convention Diary: Where Was the Luncheon for Melania? Keep It Made in America and the Donald Trump Bobblehead Were in Cleveland
Jo Freeman writes: I went to that party after writing this story in a tent sponsored by the Alliance for American Manufacturing, which has comfortable couches and free drinks. The AAM is an alliance of the National Association of Manufacturers and several unions, including the United Auto Workers, of which I am a member (via Local 1981 — the National Writers Union). Their slogan is KEEP IT MADE IN AMERICA. The Donald might agree with that. more »
Helping High Schoolers Connect Degrees to Dollars: Engineering or Plumbing and Water Supplying?
States' detailed data systems have revealed that more education doesn't always mean higher earnings. More technical programs generally have a greater payoff in the labor market. If a journalism major instead chose an associate's degree program and learned to repair industrial equipment, she could be earning $58,000 three years out of school. State data systems that track post-graduate employment rates have their limits. Only a handful of states include student debt information, for instance. more »
Chair Janet L. Yellen: "My Message Will Be Largely Favorable, Although Recent Developments Have Been Mixed"
"Inflation has been lower than our objective of 2 percent, but I expect it to move up over time for reasons that I will describe. If incoming data are consistent with labor market conditions strengthening and inflation making progress toward our 2% objective, as I expect, further gradual increases in the federal funds rate are likely to be appropriate and most conducive to meeting and maintaining those objectives. However, I will emphasize that monetary policy is not on a preset course and significant shifts in the outlook for the economy would necessitate corresponding shifts in the appropriate path of policy." more »
On The Trail: Bernie Calls for Free Tuition Despite Opposition
Sanders declined to comment on the Democratic National Convention, where the party's candidate could be selected if the candidates do not secure enough delegates. He repeated his conviction that there is a path forward to make a university education more affordable. We are the richest country in the history of the world," Sanders said. "We will not succeed unless we have the best-educated workforce in the world." more »