New York joins a growing number of states and jurisdictions in limiting employers from using credit history to make hiring or job decisions, like compensation.
“Businesses say they would have raised wages by roughly an additional percentage point” had it not been for rising health insurance costs, said senior economics contributor Chris Farrell.
Fed Chair Jay Powell said there’s been essentially no job creation in the private sector in the last six months. But unemployment also remains low. What does this mean for the labor market, and the economy?
Long-term unemployment is defined as six months or more without work. The number of Americans in that group is up more than 300,000 over the past year, even as the overall jobless rate holds at 4.3%.