Black and Hispanic Americans are more than twice as likely as white Americans to be unbanked or underbanked, meaning they either don’t have a bank account or mostly use things like check cashing services or payday lenders.
Jul 22 2022
CNBC: The cost of gun violence in America
CNBC’s Ylan Mui joins Shep Smith to report on the economic toll of gun violence in the United States. Medical bills alone can top $1billion a year.
Along with the incalculable toll on victims and their families, gun violence in the U.S. also exacts another heavy cost: More than $1 billion a year in medical bills.
Workers in a union are paid over 10% more than non-union workers, according to a report authored by US House labor and economic committee Democrats.
A recent study from the congressional joint Economic Committee found union members earn on average 10% more than their non-union peers. The difference is even greater for Black and Latino unionized workers, whose wages were 17% and 23% higher on average.
A new report by the U.S. Congress explores “persistent structural barriers” that limit economic opportunity in Indigenous communities.
New applications for unemployment benefits in the U.S. fell last week to a fresh half-century low as employers held on to their workers in the midst of a labor shortage.
U.S. job growth accelerated in February, pushing the unemployment rate to a two-year low of 3.8% and raising optimism that the economy could withstand mounting headwinds from geopolitical tensions, inflation and tighter monetary policy.
The US economy added 678,000 jobs in February, exceeding economists' expectations.
The U.S. economy grew last year at its fastest pace since 1984, rebounding from a sharp but brief coronavirus-induced recession in March 2020.
