Education Secretary Miguel Cardona has unveiled a significant new federal initiative in New York City designed to assist millions of Americans with their student loans. This ambitious plan represents a critical component of President Joe Biden’s commitment to fulfilling a major campaign promise. Reworking How Student Loans Operate The newly proposed federal student debt relief […]
Career
Retirement Uncertainty for Boomers: Working Past 65
As the Baby Boomer generation approaches retirement, the promise of golden years filled with leisure and security seems more like a pipe dream for many. This demographic faces unique challenges that could redefine what it means to retire. Here’s a stark look at the realities shaping the retirement outlook for one of America’s largest generations. […]
Spirit Airlines Acts Firmly: Pilots Furloughed, Aircraft Orders Pushed Back
Joining a long list of companies making employment cuts, Spirit Airlines has announced furloughs for a large group of pilots. Spirit Airlines Looks to Save Money Budget airline Spirit Airlines has been a preferred option for years for many people who prefer to travel light. Their hefty baggage fees offset the low flight prices, but […]
Black Unemployment Surge Sparks Concerns for U.S. Economy
In March, the government released new data on unemployment among Black Americans. The increase, especially among black women, has drawn attention from policymakers and economists. The disparity in joblessness rates between groups continues to be a significant concern. Employment Situation Breakdown Recent data from the Department of Labor reveals mixed results in the U.S. job […]
New Student Loan Forgiveness Plan Brings Relief to Millions
Revisions to federal plans to forgive student loans could have a major impact on millions of Americans. President Looks to “Plan B” to Fight Student Debt After the Supreme Court rejected President Biden’s $400 billion plan to forgive student loans for millions of borrowers, the administration has announced what they’re calling “Plan B” — a […]
99 Cents Only Stores Cease Operations, Closing 371 Outlets
Another discount retailer bites the dust in the U.S. due to compounding economic stresses, leaving West Coast dollar store shoppers bereft. 99 Cents Ending Shoppers in states like California and Nevada are flooding into the iconic 99 Cents Only discount stores after the chain announced last Friday that it would be closing all 371 of […]
Layoffs Sweep U.S. Job Market: Employers Cut Workforces
The close of the year’s first quarter reveals a disappointing trend in the U.S. job market. Employers announced a notable rise in job cuts, hoping to do more with fewer resources to cope with these uncertain economic times. Despite the widespread job cuts, the resilience of the job market remains intact. A Surge in Layoffs […]
2024 Sees Amazon and Google Hit by Large Layoffs
In recent months, there have been massive layoffs from major corporations in a bid to navigate the harsh economic times. These strategic initiatives have triggered discussions around cost-cutting measures and the evolving industry dynamics. Nike The famous athletic clothing brand Nike announced a plan in December to lower costs, aiming to save up to $2 […]
Shutdowns and Layoffs Leave Illinois Factories and 1000 Workers Struggling
While the job market seems to be in relatively good shape, some states are feeling the burn – Illinois being one of them. Here’s the full story. Factories in Crisis In the last three months, factories in Illinois have been struggling. Layoffs and Shutdowns There have been a lot of layoffs, and in total, four […]
Best U.S. States for Finding Work
Let’s face it, the idea of finding your dream job right out of the gate is about as likely as finding a unicorn at your local grocery store. But hey, in the land of opportunity (also known as the U.S.), the job market is as varied as the flavors of potato chips. So, whether you’re […]