2022 has brought some of the most noteworthy victories for organized labor in the U.S. in a number of years. Workers at major corporations like Starbucks, Amazon, and Apple have led successful union drives. Petitions for union elections filed at the National Labor Relations Board are up by more than 50% over last year. And

With numerous economic experts predicting that the U.S. is headed toward recession, one of the many concerning signals is a sharp decline in labor productivity. After more than a decade of below-average productivity growth, the COVID-19 pandemic raised the prospect of a productivity boom. Many low-productivity jobs were eliminated early in the pandemic, while major

On the surface, the economy of the last two years has been extremely favorable to workers. After spiking to nearly 15% early in the COVID-19 pandemic, the unemployment rate today sits around 3.6%. Despite employers’ urgency to hire, labor force participation has been slower to recover, and the “Great Resignation” has workers quitting at historic

Small businesses are the heart of the U.S. economy. Small businesses represent 99.9% of all businesses in the U.S., collectively employing nearly half of all U.S. employees and generating nearly half of U.S. annual GDP, according to data from the U.S. Small Business Administration. But the past two years have been treacherous for many small

Entrepreneurs, economic experts, public officials, and many more tout the benefits of innovation in the modern economy. Innovation can drive economic growth by creating new jobs or industries, improving efficiency and productivity, and raising quality of life. Some economists have calculated that innovation contributes approximately 50% of annual U.S. GDP growth. Jobs in STEM (science,

Amid rising inflation, consumers nationwide are now facing increased prices for a wide variety of goods. The COVID-19 pandemic disrupted global supply chains at the same time that many households had more to spend from government stimulus funds, increased savings, and rising incomes. The economy is now seeing the effects, with significantly higher prices for

Following months of rapid inflation, the U.S. Federal Reserve recently announced its first federal funds rate increases in more than three years. Federal Reserve Chair Jerome Powell followed this action with remarks several days later signaling that more rate increases are in store for 2022. The Federal Reserve’s recent moves were noteworthy because the U.S.

As the American population becomes more diverse, so does the population of school-aged children. However, teacher diversity is not keeping up, and the diversity gap between students and teachers continues to widen. According to 2020 data from the U.S. Census Bureau, 51% of students are not white. In comparison, non-white teachers account for less than

America’s population of racial and ethnic minorities is growing faster than ever, poising nonwhite Americans to be an increasingly large force in the U.S. economy. The results of the most recent decennial Census released last year showed divergent population trends for America’s white and nonwhite populations. While white Americans still represent a majority of the

While the COVID-19 pandemic has undoubtedly exacerbated stressful work conditions for frontline and essential workers, workers in a wide range of other occupations must also contend with stress at work on a regular basis. According to data from the Bureau of Labor Statistics and the Occupational Information Network (O*NET), nearly 8% of U.S. workers are