President Biden’s focus on creating more manufacturing and union jobs is propelled by the steady and persistent decline in lifetime earnings for American men since he graduated from law school in the late 1960s.
The big picture: The lifetime earnings of the median male worker declined by at least 10% for those who entered the workforce at age 25 in 1967, compared to those who entered the workforce at the same age in 1983.
The Federal Reserve's efforts to create jobs will naturally benefit Wall Street even if it's not the priority, Atlanta Federal Reserve Bank president Raphael Bostic told Dion Rabouin in an "Axios on HBO" interview.
The big picture: Bostic told "Axios on HBO" that he focuses on "getting as many people a job as possible."
Oklahoma, Indiana and Texas are the latest Republican-led states to say they'll prematurely cut off the more generous unemployment benefits next month.
The big picture: The money has kept millions of Americans afloat while the pandemic took a historic toll on the economy. The states' governors say slimmed-down payments will help with widespread reports of worker shortages in their states.
A growing number of companies are facing investor backlash against fat C-suite pay packages.
Why it matters: Shareholders are eyeing pay more closely after a year that crushed the economy, decimated some businesses (and displaced their workers) — but still left some top executives with hefty payouts.
Why it matters: President Biden wants 70% of U.S. adults vaccinated by July 4.
Working long hours can increase risk of death, according to a first-of-its-kind study by the World Health Organization and the International Labour Organization.
Why it matters: The study does not cover the pandemic, but its authors say that working long hours is now the risk factor with the largest occupational disease burden.
More than a dozen Republican-led states have announced they are terminating their involvement in federal pandemic-related unemployment programs early.
Driving the news: Many of the states' governors cited worker shortages. But some experts say it's the job climate, including pandemic-era factors, and not unemployment benefits that is determining when and how people return to work.
Women prefer remote work at a higher rate than men, according to a new study by the jobs platform FlexJobs.
By the numbers: About 68% of women said their preferred post-pandemic workplace would be remote, compared with 57% of men. And 80% of women ranked remote work as a top job benefit, compared with 69% of men.
McDonald's on Thursday announced it will be increasing hourly wages for current employees at company-owned restaurants, with entry-level staff eligible to earn up to $17.
Why it matters: The company said it hopes the move will attract new applicants as it looks to hire 10,000 new employees ahead of the "busy summer season."