The Bureau of Labor Statistics released its tabulation of the monthly unemployment rate, showing the jobless rate dipped to 7.5 percent in April. But that leaves out one major segment of the population: Those forced into retirement. While older Americans were less likely to lose their jobs in the recession, it's... Read More »
The tax package that Congress passed in the final hour of New Year's Day will protect 99 percent of Americans from an income tax increase, but almost every person will still see a hit to their paychecks.
That's because the legislation did nothing to prevent a reduction in the Social Security payroll tax from... Read More »
By Jose Pagliery
Everyone's paycheck is about to take a hit, and it's not the boss's fault. But some business owners say it's a tough talk to have.
The rate of workers' payroll taxes, which fund Social Security, has been 4.2 percent for the past two years. As of Jan. 1, it's back to 6.2 percent, on the first... Read More »
Despite a slight drop in the unemployment rate among older workers last month, many are finding that it still takes a long time to find work after being laid off. The length of joblessness among workers 55 and older rose to 52.7 weeks in August, much higher than the 36.1 weeks for younger workers, the Labor... Read More »
By Tom Raum
WASHINGTON (AP) -- Fifty percent of U.S. workers earned less than $26,364 last year, reflecting a growing income gap between the nation's rich and poor, the government reported Thursday.
There were fewer jobs, and overall pay was trending down - except for the nation's wealthiest. The number of... Read More »
By Andrew Taylor
WASHINGTON (AP) -- President Barack Obama's jobs bill, facing a critical test in the Senate, appears likely to die at the hands of Republicans opposed to stimulus spending and a tax surcharge on millionaires. Read More »
By THOMAS BEAUMONT
JEFFERSON, Iowa (AP) -- Republican presidential candidate Rick Perry said Thursday the health care bill GOP rival Mitt Romney enacted in Massachusetts paved the way for President Barack Obama's federal health law last year and cost the state jobs.
Perry's criticism was his sharpest yet... Read More »
By DAVID ESPO
WASHINGTON (AP) -- Wasting no time, President Barack Obama is pitching to the public his $447 billion jobs program of tax cuts and new spending after bluntly telling Congress to "stop the political circus" and fix the economy. Read More »
By PAUL WISEMAN
WASHINGTON (AP) -- First, do no harm. Economists say the most important part of the jobs plan President Barack Obama will unveil Thursday night is the renewal of two measures already in place - a cut in Social Security taxes and emergency aid for the unemployed.
His new proposals, like... Read More »
By BEN FELLER
WASHINGTON (AP) -- Facing a frustrated public and a skeptical Congress, President Barack Obama will pitch at least $300 billion in jobs proposals aimed at getting Americans back to work quickly and forcing Republicans to take a share of the responsibility for solving the country's economic... Read More »
By PAUL WISEMAN and CHRISTOPHER LEONARD
WASHINGTON (AP) -- The job market is even worse than the 9.1 percent unemployment rate suggests.
America's 14 million unemployed aren't competing just with each other. They must also contend with 8.8 million other people not counted as unemployed - part-timers who... Read More »
Americans may have shot themselves in the foot when it comes to retiring in a timely fashion. A recent study conducted by the Center for Retirement Research at Boston College recently reported that American workers (ages 32-64) are a stunning $6.6 trillion short of budget. Read More »
If a potential employer asks you to "Give me ten good reasons why you should get this job," thanks to the recently passed HIRE Act, you can now give up to 6,621.00 good reasons. That's the size of the tax break a company could gain by hiring you.
The HIRE Act was passed in March to give employers an incentive to... Read More »