After all, to the untrained observer, the economic landscape appears studded with eyesores. Twenty-seven major U.S. companies declared bankruptcy in May, the highest monthly total since the Great Recession. Nearly half of all commercial retail rents went unpaid that same month, threatening the solvency of many landlords and sending commercial real-estate prices into freefall. Meanwhile, more than 21 million Americans are collecting unemployment, and analysts warn that a second wave of layoffs – this one, inundating white-collar workplaces – is about to crest. May’s encouraging payroll gains were compromised entirely of workers returning from furlough; permanent job losses actually rose last month. And it’s far from clear that the freshly rehired won’t wash back out of the labor market in short order: Many of these Americans’ owe their resuscitated jobs to the Paycheck Protection Program, which covers the … [Read more...] about Is This What a Recovery Looks Like?
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CL: I think it's important to look at the economic recovery as a whole. When the president came into office in January 2009, we were in the middle of the greatest recession in our lifetime. Since that period of time, because of the actions that the president took, we've now had 75 consecutive months of job growth. We've created 14.5 million jobs. So we are proud of our economic record, but there's probably more that needs to be done. And the Department of Labor plays a central role in helping to train people for jobs and helping them get those jobs. … [Read more...] about Interview: Top US Labor Official Talks Job Creation, TPP
In a press release, Coca-Cola calls it "the single-largest voluntary effort by an industry to help fight obesity." The company points to smaller "mini-cans" and 8 oz bottles and an "expanding portfolio of low- and no-calorie beverages -- from Unsweetened Gold Peak Tea to Powerade ZERO to Diet Coke" as examples of success in reducing sugar in drinks. … [Read more...] about Billions spent on ads encouraging minority youth to drink sugar-laden beverages despite health consequences