Labor Day marks the unofficial end of summer, and for many teens and young adults, it also means the conclusion of the worst summer for finding seasonal employment in decades. Our affiliate, the Employment Policies Institute (EPI), has released an analysis of new Census Bureau data showing unemployment among people ages 16 to 19 at or [...]
Last weekend, D.C. Mayor Vincent Gray granted an audience to high-school and college students in the Nation’s Capital to discuss the high teen-unemployment rate. At the beginning of the summer, the Bureau of Labor Statistics reported that teen unemployment had skyrocketed, with half the states showing unemployment rates above 25 percent. Even more depressing, the jobless rate [...]
This week was the first Personal Finance Online Summit, held on Wednesday to give personal-finance experts the opportunity to discuss with the president the major financial issues affecting both the country at large and individual households on a smaller scale. At the end, President Obama shared the tenets he says he personally lives by. Here it [...]
[youtube]http://www.youtube.com/watch?v=PTUY16CkS-k[/youtube] You may have heard the words “quantitative easing” or “QE II” thrown around on the news (and even here at Econ4U). But if you don’t fully understand the economic ramifications of this concept — involving the Federal Reserve’s plans to print an additional $600 billion to buy government bonds back from banks and other [...]
Today we hosted our first webinar: What is a Credit Default Swap Anyway? The Financial Crisis for Capitol Hill Staffers. We had a great group for the presentation (check out the presentation here). For those that were interested and unable to attend we will be hosting a make-up session on Tuesday, September 1, 2009 at [...]
Suffice to say, a trillion of anything is a lot. Since most people we’ve talked to aren’t entirely clear on how big it really is, for visual learners (like myself) we put together these graphics to illustrate the enormity of a trillion dollars. Want more visualizations? MightyBargainHunters.com has even more ways to wrap your head [...]
Everyone knows that people in the banking, real-estate, and retail industries are likely to be looking for work these days. But the newest profession to fall victim to the recession? Child care. A columnist for the San Francisco Chronicle is balking at the high cost of finding a competent babysitter so she can enjoy a night [...]
An unfortunate side effect of a recession is that it provides easy pickings for opportunistic scammers. Thieves earn their bread and butter when people are in a panic over their finances, so it’s important to recognize the warning signs of a deal that’s too good to be true. The FBI recently compiled this list of [...]
Megan McArdle wrote this poignant article for The Atlantic this morning about how to nurture your friendships and relationships when you’ve lost your job and your former social life starts to look expensive. Her trick to staying afloat instead of going into debt for late night drinks or Chinese takeout? Telling friends: “I can’t afford [...]
Good clip on the Today Show this weekend reminding us that starting your own business isn’t just an option for adults. At a time when summer jobs are harder to find, it may be the perfect time to become your own boss. Check out the clip at the MSNBC website.
