RSS FeedA Closer Look at the Rising Unemployment Rate - Coordination Problem
Is probably picking up a significant increase in the labor force participation rate resulting from high school and college students going into the labor market with the end of school. The civilian labor force grew by 577,000, comprising 2/3rds of the 861,000 increase in the number of unemployed (the remainder were those who lost jobs they had). But what only one or two people have noted is the two groups where the jump in the unemployment rate was the largest: teenagers, where the rate went up 3.3 percentage points and blacks, where the rate went up 1.1. The unemployment rate for adult men is 4.9% and 4.8% for adult women, but for teenagers it is 18.7% and 9.7% for African-Americans. It is at least possible that in addition to the more general problems in the US economy, last summer's increase in the federal minimum wage as well as the next jump coming in late July are behind the particulars here. Last July, the federal minimum wage increased to $5.85/hr and it will go up to $6.55 on July 24 of this year . With a sluggish economy, it certainly seems possible that the higher minimum wage is discouraging employers from hiring lower-skill workers whose productivity cannot justify paying them that wage, particularly if they know they will have to give them a raise come late July. Economic theory predicts that minimum wage laws will disproportionately harm lower-skill workers such as teenagers and non-whites (not, it is worth noting, because the latter are inherently less-skilled, but because they have not had the same educational opportunities or other ways to increase their human capital as have whites). This effect of the minimum wage is why higher-skill workers have long supported it as a way to shut out cheaper competition (e.g., US unions shutting out immigrants and blacks 60 years ago, white South Africans shutting out black natives 100 years ago, etc.). It would seem that this prediction is born out by some of...
Adjustment Clerk jobs - News
|
Take this job and love it Amaro, who works as a clerk in the city of Belen water department, handles a variety of issues from taking payments for water bills to sending out workers |
|
Six more candidates for council join race Miller, who worked in the city clerk's office for a time, was one of the homeowners who filed a class action lawsuit against the city after her home was |
|
Employee Furloughs Are Reinstated By Commission Another routine piece of business was to make an on-paper-only adjustment to the county's budget, covering a deficit with $1.1 million in fund balance money |
|
The Permian shuffle The new system has been an adjustment, but Marta Morris, formerly an attendance clerk at Bonham, said she likes her new environment. |
|
IN RE SCHNEIDER In June 2009, Mr. Almgren moved to adjust his child support obligation based on a claim that he lost his job due to cutbacks. |