Posts Tagged ‘workforce’

The Recession: 10 Years Later

Posted on December 08, 2017 by Laura Lam

In December 2007, employment peaked and started to head south – for two long years.  What followed: The loss of more than 8 million jobs, half the value of the Dow and the S&P 500, and trillions of dollars in retirement accounts and household wealth. Lives and businesses were ruined and whole neighborhoods emptied out, as banks took back homes bought on badly underwritten credit. A decade later, the American economy has recovered in many ways. Employers have been steadily adding jobs since early 2010, the stock market is booming and home prices have reached new all-time highs.  But in…

Labor Day 2017: Facts and Figures

Posted on September 04, 2017 by Laura Lam

Today is Labor Day – the holiday will be celebrated by families around the country with picnics, barbecues, road trips, and sports events.  It is the last blast of the summer vacation season.  Labor Day is a federal holiday and most Government offices, schools, and, businesses are closed.  Here are 10 Labor Day Facts. Labor Day in Canada began in 1872 in Toronto but quickly made its way south to the U.S.  Originally it began as a significant demonstration demanding rights for workers. The first U.S. Labor Day was celebrated on Tuesday, September 5, 1882, in New York City, planned by the Central Labor Union. …

Banks See Slower Loan Growth, Higher Charge-Offs

Posted on June 12, 2017 by Laura Lam

FDIC-insured banks reported that the pace of loan growth slowed in the first quarter and that charge-offs on loans to individuals increased. But banks still recorded robust earnings for the period.  Total loans and leases fell by $8.1 billion, or 0.1% year-over-year, in the 3 months ended March 31, led by credit card loans, which posted a seasonal decline of $43.7 billion, or 5.5%. In its Quarterly Banking Profile, the FDIC attributed the decline to cardholders paying down outstanding balances, but residential mortgages also fell, by 0.5%. Credit to businesses offset some of the decline, with commercial and industrial loans up…

Get Out of Town! Americans Suffer from Vacation Deficit Disorder

Posted on May 31, 2011 by Saldutti

Americans work 100 more hours per year than the Japanese. We’re also the only country in the world that doesn’t require paid vacation leave. In his book, Work to Live:  The Guide to Getting a Life, Joe Robinson says that most of us suffer from “vacation deficit disorder.”  Ever since the early 80s, a false sense of urgency has loomed over American workers — creating “a world with no boundaries,” he tells Psychology Today.  Combine that with the fact that more of us are doing multiple jobs since the recession, and there’s a high burnout factor. To medicate this, vacation is necessary….