Money
After Years of Cuts, Cities and States Are Hiring Again
Public employment, long seen as a secure job with good benefits, took a series of hits during the recession, with state and local governments implementing hiring freezes and layoffs. But job-seekers can take solace: Many states and localities are now hiring, buoyed by an improving economy and better-than-expected revenue. State and local governments are having trouble filling jobs involving accounting, information technology, finance, mental health, skilled trade work, social work, water treatment and some others, the report said. more »
States to Colleges: Prove You’re Worth It
The idea of using outcomes — not enrollments — to guide public funding of higher education has so much bipartisan backing that both President Barack Obama and Florida's Republican Gov. Rick Scott support it. Just last week, the Florida Board of Education approved a performance-funding system for state colleges, adding to its existing system for state universities. more »
Hear Ye, Hear Ye: Middle Class Economics Rewarding Hard Work by Restoring Overtime Pay
President Obama announced that the Department of Labor will propose extending overtime pay to nearly 5 million workers. The proposal would guarantee overtime pay to most salaried workers earning less than an estimated $50,440 next year. The number of workers in each state who would be affected by this proposal can be found here. more »
Couples Study Uncovers Disconnects on Retirement Expectations, Social Security — and Even How Much the Other Half Makes
Although the overwhelming majority of couples (72 percent) say they communicate exceptionally or very well when it comes to financial matters, more than four in 10 (43 percent, up from 27 percent in 2013) couldn't correctly identify how much their partner makes — and of that, 10 percent were off by $25,000 or more. Which begs the question: if so many couples can't get this most basic item in their financial lives correct, what other disconnects exist that are unknowingly causing cracks in their financial foundation? more »