Show

Hot Topics 9/11/2014

September 11th, 2014

 

Fast food workers throughout 150 cities walked off the job Sept. 4. Workers representing McDonald’s, Burger King, Wendy’s and KFC have been fighting for a pay raise to $15 an hour, and allowing them to join a union. Currently, the average pay for a service worker is $8.74, equaling $18,000 a year—which is $5,000 below the poverty line for a family of four. Nearly 500 people were reported as arrested from the demonstrations.

 

BizFin Fast Food

McDonald’s workers protest their inability to unionize and demand a pay rise in New York City on Sept. 9.

 

 

For the first time in six months, the Federal Reserve reported less than 200,000 jobs added to the economy. While the unemployment rate fell from 6.2 percent to 6.1, only 142,000 jobs were added. While Phil Orlando, chief equity strategist for the Federal Investors, believes that August is simply inconsistent with the rest of the economy, there is a general attitude among Americans that the job market has yet to recover from the Great Recession.

 bizfin unemployment

Former employees line up to register for unemployment benefits earlier this month.