• PRESIDENT Sep 10, 2019

    Share of Uninsured Americans Rises for 1st Time in a Decade

    The proportion of Americans without health insurance edged up in 2018 — the first evidence from the government that coverage gains under President Barack Obama’s health care law might be eroding under President Donald Trump. The Census Bureau also said in an annual report Tuesday that household income rose last year at its slowest pace in four years and finally...

  • Donald Trump Jul 2, 2019

    Why Wealth Gap Has Grown Despite Record-Long Economic Growth

    As it enters its 11th year, America’s economic expansion is now the longest on record — a streak that has shrunk unemployment, swelled household wealth, revived the housing market and helped fuel an explosive rise in the stock market. Yet even after a full decade of uninterrupted economic growth, the richest Americans now hold a greater share of the nation’s...

  • NEW YORK Jun 1, 2019

    ‘The Algorithm Is Our Boss': Uber Drivers Face Long Hours, No Benefits and Sometimes Danger

    At 3 a.m., Sonam Lama’s alarm goes off. In his house in Queens, New York, while his wife and baby son sleep, he pulls on his clothes and makes coffee. Then he turns on his Uber app and waits. On this morning, a warm but windy Tuesday in May, an hour passes without a passenger request. “You’re just thinking, ‘When...

  • Donald Trump May 4, 2019

    Record Unemployment Helps Trump's Reelection Chances

    The lowest unemployment rate in a half century. More than 260,000 new jobs. And higher hourly wages....
    “I’ll be running on the economy,” President Donald Trump declared on Friday. And why wouldn’t he?...
    The day’s new round of sunny employment figures offered fresh evidence of a strong national economy — and a big political advantage for Trump just as the 2020 presidential...

  • Donald Trump Mar 24, 2019

    Indiana Mayor Pete Buttigieg Talks Marriage, Millennials

    Democratic presidential hopeful Pete Buttigieg told voters Saturday that his marriage to his husband exists “by the grace of a single vote on the U.S. Supreme Court.” The South Bend, Indiana, mayor visited South Carolina for the first time since announcing his presidential exploratory committee. The 37-year-old would be the first openly gay presidential nominee from a major political party....

  • Donald Trump Mar 14, 2019

    Fact Check: How Much Will the ‘Green New Deal' Cost?

    Since the ambitious and controversial Green New Deal debuted last month, Republicans and Democrats have sparred over the cost of the measure — a nonbinding resolution that broadly outlines how the U.S. should address climate change over the next decade. But sometimes the politicians have erred in their descriptions of the proposal and the costs of climate action and inaction.

  • NEW YORK Dec 31, 2018

    Prices Rise as the Minimum Wage Increases in Several States

    At Granny Shaffer’s restaurant in Joplin, Missouri, owner Mike Wiggins is reprinting the menus to reflect the 5, 10 or 20 cents added to each item. A two-egg breakfast will cost an extra dime, at $7.39. The price of a three-piece fried chicken dinner will go up 20 cents, to $8.78. The reason: Missouri’s minimum wage is rising. Wiggins said...

  • NEW YORK Oct 3, 2018

    Ripple Effect? Amazon's $15 Wage May Help Lift Pay Elsewhere

    After years of sluggish pay gains, the economy may be starting to work for America’s low-wage workers. Amazon’s announcement Tuesday that it will raise its minimum wage to $15 an hour will intensify pressure on other companies to lift their pay levels as well. Among the most likely to do so: Amazon’s rival retailers and warehouse operators, many of which...

  • CEO Sep 6, 2018

    Trying to Get a Big Raise? You May Have to Quit Your Job

    Despite one of the best job markets in decades, workers across the U.S. economy are struggling with a common frustration: What does it take to finally get a decent raise? It turns out you might have to quit your job. Americans who leave their employers to take a new job are enjoying pay raises that are one-third larger than raises...

  • Arizona Aug 9, 2018

    ‘A Struggle': 18 Percent of Teachers Work Multiple Jobs

    Jennifer Williams can’t afford to work just one job. In addition to teaching 10th grade English full time in Baltimore, the single mother works four side jobs, including a waitressing gig on nights and weekends. She also runs her school’s literary magazine, coaches volleyball and supervises the speech and debate team. In the U.S., about 18 percent of public school...

  • Facebook Aug 1, 2018

    The US Economy's Doing Great, But Not Everyone's Doing Well. Here's Why

    “The economy,” Federal Reserve Chairman Jerome Powell declared this week, “is doing very well.” And it is. Steady hiring has shrunk unemployment to 3.8 percent — the lowest since the 1960’s. Consumers are spending. Taxes are down. Inflation is tame. Factories are busy. Demand for homes is strong. Household wealth is up. Yet the numbers that collectively sketch a picture...

  • Donald Trump Jun 14, 2018

    Weak Pay Growth Puzzles Fed Chief, Just Like Everyone Else

    Halfway through a news conference Wednesday, the head of the world’s most powerful central bank was asked a question weighing on the minds — and the checking accounts — of Americans everywhere: When will people finally start getting meaningful pay raises? Jerome Powell, the chairman of the Federal Reserve, had no satisfactory answer. He called it a “puzzle.” And then,...

  • Maryland Feb 6, 2018

    Federal Proposal Would Give Restaurants Servers' Tips

    A proposal from the Department of Labor that would give employers more discretion over tips could have a big financial impact on workers in the area who get tips.

  • Feb 6, 2018

    DC Servers React to Tipping Proposal

    A federal proposal would give companies control over the tips workers receive. News4’s Chris Gordon spoke with a waiter and an economist.

  • Donald Trump Mar 10, 2017

    Robust February Jobs Report Points to Resilient US Economy

    U.S. employers added a robust 235,000 jobs in February and raised pay at a brisk pace — signs that a resilient economy has given many companies the confidence to hire in anticipation of solid growth ahead. With the unemployment rate dipping to a low 4.7 percent from 4.8 percent, the job market appears to be fundamentally healthy or nearly so.

  • Donald Trump Sep 14, 2016

    Americans Got a Raise Last Year for the 1st Time Since 2007, Census Bureau Says

    Americans finally got a raise last year after eight years of stagnating incomes. The typical U.S. household’s income rose 5.2 percent in 2015 to $56,516, the Census Bureau said Tuesday. Even with the solid gain, that remains below the median household income of $57,423 in 2007, when the Great Recession began. The median is the point where half of households...

  • New Jersey Jun 24, 2015

    Ikea Raises Minimum Wage for U.S. Workers 2nd Year in a Row

    Ikea’s U.S division is raising the minimum wage for the second year in a row as the Swedish ready-to-assemble furniture chain looks to improve its relations with workers and reduce worker turnover. Starting Jan. 1, Ikea’s average minimum hourly wage will increase to $11.87, which is $4.62 above the current federal wage and marks a $1.11 increase, or 10 percent,...

  • CEO Mar 28, 2014

    Putin Calls Obama to Talk Ukraine Crisis

    Russian President Vladimir Putin called President Barack Obama on Friday to discuss the proposal for a diplomatic resolution in Ukraine, whose Crimea Russia has annexed, the White House announced.

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