25 Friday Apr 2014
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Interesting, so 93% of the employees in the federal bank regulatory agencies earned more than the average banker’s salary. Why? In 1989 an act was passed allowed federal bank regulatory agencies to establish their own compensation which only a few government can set employee pay independent of governments general scale, according to the Wall Street Journal.
24 Thursday Apr 2014
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A good way to measure the labor markets strength is by total hours worked not by the number of people employed. Here is what happens when you consider hours worked compared to number employed.
A reduction from 34.3 to 34.2 is equivalent to losing 340,000 private sector jobs. In addition, the economy gained 900,000 jobs since September , however, the reduction of hours worked during that same period is equivalent to a loss of 1 million jobs!
24 Thursday Apr 2014
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Less than 25% of workers plan to retire before 65 yet 67% do retire prior to 65 years of age mainly due to health or business downsizing.
