Word: downturns
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...just at men ages 25 to 54, the picture is much more dire. Their employment-to-population ratio of 80.6% in November is the lowest since the BLS began keeping track in 1948. It's 4 percentage points lower than it was in the depths of the early-1980s downturn...
...orders from top." But burnishing his security acumen and resting on his military accomplishments might not be enough to assure Fonseka an electoral victory. Many Sri Lankan voters have moved on to more immediate concern - steeply rising inflation and jobs threatened by a deep global recession and a downturn in major export earners including tea and the garment industry. Fonseka had little to say about economic policy other than to promise "development...
King, 63, has served as one of Gettelfinger's, top lieutenants in recent years and handled several rounds of delicate negotiations with the Ford Motor Co. as the union tried to navigate the big downturn in the U.S. auto industry and the changes it forced in union contracts. Gettelfinger, 65, will relinquish the presidency at the UAW's next convention in June. (See the best business deals...
However, King will inherit a union that has watched big contract gains made over the last two generations simply melt away as the auto industry downturn worsened. Union members hired prior to the current downturn continue to make $28 per hour. But when the industry recovers and the Detroit Three will hire new employees, they will only be guaranteed $14 per hour...
...hiring credits, the government will hopefully bring down the remarkably high unemployment rate. According to Obama’s plan, tax credits will be given to industries that employ a certain number of low-skilled workers who would otherwise likely be fired as a result of the economic downturn. Historically, similar plans to keep workers employed during recessions have worked. The 1977 New Jobs Tax Credit was immediately followed by an 11.2 percent rise in employment—a record for the United States at the time. And there’s no reason to believe that it won?...