Articles About Labor Department

Author:
Tom Silva
Posted:
04.13.2011

Nearly Half of Americans Have Saved Only $25,000 For Retirement

Americans’ confidence in having adequate money to retire on has hit a 20-year low, according to a survey by the Employee Benefits Research Institute (EBRI).  “We’re getting the most pessimistic results we’ve ever seen,” said Jack VanDerhei, EBRI’s research director and the study’s co-author.  “Those that are not well prepared are finally starting to get […]

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Author:
James I. Clark III
Posted:
05.12.2010

Is the Fed About to Hike Its Federal Fund Rates?

The recent release of minutes from the Federal Reserve’s March meeting may hint that the nation is experiencing a sustainable recovery and is possibly facing upwards inflationary pressure.  The yield on 10-year Treasury notes has already surpassed four percent for the first time since last June; oil and copper traded at their highest prices in […]

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Author:
James I. Clark III
Posted:
04.29.2010

Fed Governor: U.S. Faces “Significant Economic Challenges”

The United States still faces “significant economic challenges”, with unemployment at “stubbornly” high levels and businesses that are reluctant to spend as government deficits rise.  This is the opinion of Federal Reserve Governor Kevin Warsh, who said “Taking account of the broad range of economic and financial conditions, there is no wonder that the electorate […]

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Author:
Tom Silva
Posted:
04.28.2010

Increased Worker Productivity Putting Brakes on New Hires

Worker productivity increased 3.8 percent in 2009, the best record since 2002. Writing in the Washington Post, Neil Irwin notes, “That means high-level gains in productivity – which in the long run is the key to a higher standard of living but in the short run contributes to sky-high unemployment.  So long as employers can […]

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