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Google is celebrating International Women’s Day with a new feminist feature

Google is celebrating International Women’s Day with a new feminist feature

20thCentFox/Courtesy Everett Collection Looking for a local law firm, hair salon or restaurant run by women?
Check Google Maps.
Tech giant Google GOOG, -1.20% is rolling out a new feature this week in honor of International Women’s Day to assist people in finding women-led businesses on its map.The female gender symbol will be listed under details about the business, next to other “highlights,” such as whether it has outdoor seating or whether it has high ratings, according to a Google blog post.
Google isn’t labeling the businesses themselves; it’s up to the business owners to do so.
They can do it from the “Google My Business” dashboard, the company said.
The new feature is a part of Google’s campaign called “Womenwill” to spur economic opportunities and change for women in the workplace and digital literacy.
About 11.6 million U.S. businesses are owned by women, and they employ almost 9 million people and generated more than $1.7 trillion in revenue as of January 2017, according to the State of Women-Owned Businesses Report commissioned by American Express AXP, +1.29% The number of women-owned businesses has jumped 114% in the last 20 years, and women-owned businesses now make up 39% of all U.S. firms.
Of the new women-owned businesses created every day, the majority are minority-owned.
Because women of color face higher unemployment rates, long-term unemployment and a larger wage gap than non-minority women, the report found.
WFC, -1.64% Women are more likely to launch small businesses, rather than growth-oriented ones, according to a 2017 report called “Empowering Equality: 5 Challenges Faced by Women Entrepreneurs.” Some of the issues women face are more social in nature — having the right networks or lacking role models.

Last Week in Numbers: Singapore’s Local Labour Market Expands

Last Week in Numbers: Singapore’s Local Labour Market Expands

At the same time, the combined unemployment rate for Singaporeans and permanent residents declined to 3% from 3.2% a year ago.
The rate of re-entry into employment within six months was about 65%.
The median income for a Singaporean in full-time work, including CPF, also increased to $4,050 last June, up 5.9% from the previous year.
New private home sales in Singapore declined 61.5% in February from a year ago.
On a monthly basis, there was a 28% decline in sales from the 524 units sold in January.
Singapore had a score of 116.
China’s fixed asset investment growth also expanded 7.9% during that time.
Private sector fixed-asset investment rose 8.1%, an increase from 6% a year ago.
Theranos had a peak valuation of US$9 billion.
The SEC has charged Holmes and former Teranos president, Ramesh Balwani, with raising more than US$700 million by exaggerating or lying about their business and technology.

Nebraska’s Secret Gem: A Recession-Proof City

Nebraska’s Secret Gem: A Recession-Proof City

Caption There are certain things you can count on.
For instance, on Saturdays in the fall, the state capital of Nebraska will swell with Cornhusker pride, as tens of thousands of fans fill a college football stadium that has sold out nearly 400 straight games over almost four decades.
And in the spring, Nebraska’s unique, nonpartisan unicameral legislature will meet for a different kind of contest: the grappling over bills, a legislative wrangling the state has undergone in some form for long over a century.
The consistency of its traditions on the gridiron and in politics has also extended to the workforce.
That’s compared to the current 4.1 percent national unemployment rate, which hit as high as 10 percent countrywide in October 2009.
But the Great Plains stronghold has remained remarkably stable for decades.
Even at the height of the 1980s farm crisis, the unemployment rate never rose higher than 6.3 percent, according to the U.S. Bureau of Labor Statistics.
That may seem surprising: After all, Nebraska is nicknamed the Cornhusker State for a reason, and that’s mostly due to its reputation for agrarian output.
However, the University of Nebraska-Lincoln and the industry surrounding the workings of the state legislature have created a buffer that’s kept the 300,000-person city working, even amid downturns.
Nebraska has had historically low unemployment and a high labor force participation rate, but those come with what Vokal calls a few red flags.

Prime Minister visits Birmingham today as Government launches £90 million programme to tackle youth unemployment

Prime Minister visits Birmingham today as Government launches £90 million programme to tackle youth unemployment

Theresa May was due to visit a youth employment charity, which has helped thousands of young people find work since 2010.
The visit coincides with the launch of a project to address ethnic disparities in youth unemployment and to help disadvantaged young people get into work.
The Prime Minister said: “Youth unemployment blights communities and wastes talent and potential. “Too many young people from deprived and ethnic minority backgrounds face barriers preventing them from entering the world of work.
The programme will offer young people the chance to work directly with educators and youth and community organisations – who will consider how their skills can benefit their local communities and businesses.
Young people will feed into the programme’s design, working with educators, youth and community organisations and businesses to demonstrate how their skills and talents can benefit their local economies.
Dawn Austwick, Chief Executive of the Big Lottery Fund, said: “Young people who are facing multiple barriers to employment are the best placed to tell us what needs to change for them. “They will be at the heart of the process to shape solutions and create a dormant accounts youth programme that works for them, by working with employers, educators, youth and community organisations.”
The £90 million youth programme, designed jointly by the Big Lottery Fund, DCMS, DfE and DWP, has been funded by dormant bank accounts.
The Big Lottery Fund will invite funding applications later this year.

Universal Basic Income: Half of Americans Think Government Should Pay Workers Who Lose Out to Artificial Intelligence

Universal Basic Income: Half of Americans Think Government Should Pay Workers Who Lose Out to Artificial Intelligence

The hypothetical universal basic income (UBI) would have the federal government give every adult below a certain income threshold an annual allowance of money.
The survey of more than 3,000 U.S. adults showed that almost three-quarters predicted that artificial intelligence (AI) will lead to a loss of more jobs than it creates.
Of respondents with a bachelor’s degree or higher, almost 60 percent did not support a UBI, while just under half of those without a college education opposed the idea.
Asked if they would be willing to pay higher personal taxes to fund a UBI, 46 percent of those who favored the proposal said yes.
Business figures such as Elon Musk have voiced their support for a UBI, which has already been tested on a small scale in countries such as Canada and Finland.
Dr. Luke Martinelli of the University of Bath’s Institute for Policy Research, who is an expert in UBI, told Newsweek that there is a lot of uncertainty around whether UBI is the best way to deal with labor market disruption arising from automation. “In previous waves of automation and technological innovation, new jobs have been created to offset the destruction of old ones.
“More likely than mass technological unemployment is that automation will lead to increased polarization between ‘lovely’ and ‘lousy’ jobs, and increasing numbers of workers in precarious and intermittent employment,” Martinelli said.
The downsides could include hefty fiscal costs, an effect on incentives to work and perceived issues of fairness.
“[Bringing in AI] has inevitable broader effects—on consumer spending, on local communities and their social vitality, or health and well-being outcomes, on local and national government income and payments,” she said.

Robots Are Coming For Our Jobs. Here Are 5 Ways To Prepare.

Robots Are Coming For Our Jobs. Here Are 5 Ways To Prepare.

Data entry and call centre jobs are also likely to be hit, along with other professions that can easily be automated by robots and algorithms.
Here are five ways people can prepare themselves for work in the face of a robot revolution.
Many regions have been losing jobs — think Columbus, Ohio, hard hit by the loss of manufacturing and steel jobs; Detroit, Michigan, hit by the offshoring of automotive jobs; or Reno, Nevada, which saw a big decline in its gambling industry.
EDAWN has helped woo companies such as automaker Tesla to the area, and worked with local junior colleges to train the labor force those companies need.
Take A “Nanodegree” Universities have moved quickly to offer massive online open courses, but have been slower to find ways to provide hands-on skills training, according to a recent Pew Research Center report on the future of work.
The Bureau of Labor Statistics predicts the U.S. economy will add more than 250,000 coding jobs in the next 10 years.
School 42, a code school with campuses in Paris and Silicon Valley (along with other licensed schools around the world) was founded by French billionaire and technology entrepreneur Xavier Niel and promises a completely free education.
“The most complex problems require collaboration to solve, so people need to be able to communicate.” Being able to both establish a value above that of a robot and be capable of using the power of robots to some benefit requires uniquely human skills like communication, collaboration, creativity, problem-solving, and empathy.
A recent Harvard Business School study found that men are entering health jobs that don’t need degrees, such as surgical or radiology technicians.
These don’t necessarily have the stigma associated with being seen as “women’s jobs.” The percentage of these health jobs occupied by men rose from 16 percent in 1996 to 26 percent in 2008.

Employment Falls In September After Hurricanes Harvey And Irma Undercut Economic Activity

Employment Falls In September After Hurricanes Harvey And Irma Undercut Economic Activity

WASHINGTON, Oct 6 (Reuters) – U.S. employment fell in September for the first time in seven years as Hurricanes Harvey and Irma left displaced workers temporarily unemployed and delayed hiring, the latest indication that the storms undercut economic activity in the third quarter.
The drop in payrolls was the first since September 2010.
The Department said Harvey and Irma, which wreaked havoc in Texas and Florida in late August and early September, had reduced “the estimate of total nonfarm payroll employment for September.” Economists polled by Reuters had forecast payrolls increasing by 90,000 jobs last month.
Leisure and hospitality payrolls dived 111,000, the most since records started in 1939, after being unchanged in August.
Harvey and Irma did not have an impact on the unemployment rate, which fell two-tenths of a percentage point to 4.2 percent, the lowest since February 2001.
It showed 1.5 million people stayed at home in September because of the bad weather, the most since January 1996.
About 2.9 million people worked part-time as a result of the bad weather.
With the hurricane-driven temporary unemployment concentrated in low paying industries like retail and leisure and hospitality, average hourly earnings increased 12 cents or 0.5 percent in September after rising 0.2 percent in August.
Annual wage growth of at least 3.0 percent is need to raise inflation to the Fed’s 2 percent target, analysts say The mixed employment report should not change views the Federal Reserve will raise interest rates in December.
Growth estimates for the July-September period are as low as a 1.8 percent annualized rate.

The Current Conflict In Spain Has A Lot To Do With Economic Failure

The Current Conflict In Spain Has A Lot To Do With Economic Failure

And Rajoy’s Popular Party (PP) in particular has deep roots in political forces and people who were part of the Franco dictatorship.
If Rajoy follows through with his threatened takeover of Catalonia, we will see more of this Francoist repression of basic civil rights and liberties.
As many have noted, the independence movement in Catalonia has deep roots — it goes back at least 300 years, and Catalans were denied even to the right to their language during the dictatorship.
But unemployment will still be at about 16 percent.
The yield on Spain’s 10 year bonds is just 1.6 percent — the same as its current rate of inflation.
Pundits rant about Spain’s public debt, but when a government can lock in borrowing at zero real interest rates, it’s a good time for public investment that can create jobs and increase the productivity of the economy.
The other argument for austerity was that tightening the budget and implementing structural reforms would lower interest rates and payments on Spain’s public debt, by restoring market confidence.
Under these conditions, it is no wonder that many Catalans think they could do better economically as an independent country.
The European authorities, and those governments who either choose to go along with them or are forced to do so (as in Greece), are essentially committed to mass unemployment — as well as a number of regressive economic reforms — for the foreseeable future.
It is in this deep structural and practical sense that separatist movements, as well as those who want to leave the eurozone or the European Union, have a real economic basis in the failed economic policies of the European authorities and most eurozone governments.

Why Trump’s Pick For Chair Of The Federal Reserve Matters To Workers

Why Trump’s Pick For Chair Of The Federal Reserve Matters To Workers

Although the latest news is that Trump will choose Jerome Powell as Fed Chair, Trump has led us to believe that he will stack the rest of the Fed with individuals who will dissolve the protections put in place to prevent another financial crash – people who have no trouble disregarding the well-being of American workers to promote the interests of Wall Street.
I am one of the millions of people that continue to work and struggle in this economy every single day.
My sister was also underemployed, so we moved in together to make rent.
John Taylor was screaming about inflation and arguing we should care about that instead of jobs while nearly 10% of us were unemployed.
I found a full-time job and was able to move out on my own again, spend more time with my daughter, and build us a better life.
Meanwhile, Taylor, Trump’s rumored favorite for Fed Vice-Chair, was wrong about every major policy question the Fed faced prior to and during the great recession.
John Taylor still supports rolling back the financial protections that Yellen and others put in place after Wall Street wrecked the economy, and is best known for proposing the Fed set interest rates through the so-called “Taylor Rule.” Economists estimate that if the “Taylor Rule had been in place over the past five years, 2.5 million fewer jobs would have been created.
Whoever is the next Fed Chair, people like John Taylor, who have been wrong about rate hikes, inflation, and what working families need, should not be allowed anywhere near the Federal Reserve in any position.
It’s the difference between a full recovery and another financial crisis.
For families like mine, John Taylor is the wrong choice.

The Congressional Black Caucus Wasn’t Having It When Trump Mentioned Black Unemployment

The Congressional Black Caucus Wasn’t Having It When Trump Mentioned Black Unemployment

“And something I’m very proud of, African-American unemployment stands at the lowest rate ever recorded,” Trump said as the crowd packed into the U.S. Capitol on Tuesday night went wild.
Vice President Mike Pence and House Speaker Paul Ryan (R-Wis.) gave the line a standing ovation.
But members of the Congressional Black Caucus, dressed in kente cloth, were unmoved.
They didn’t clap.
They didn’t emote at all.
The White House hasn’t detailed which of the Trump administration’s policies are to thank for the drop in black unemployment.
Black unemployment fell fairly consistently from 2010 on, as did the rates for whites and Hispanics,” wrote Philip Bump for The Washington Post.
“From January to December 2017, the unemployment rate among black Americans fell 1 percentage point.
In 2015, it fell 1.9 points.
The year before that, it fell 1.8 points,” Bump said.