Teens face tight summer job market and rising wait times
Washington based Pizza Factory CEO Mary Jane Riva warns customers to expect longer waits as stores run short of workers. Across hospitality, open positions outnumber willing applicants, though summer may boost applications from teens. Drexel researchers forecast 33 percent teen employment June through August, the highest since 2007, with many teens juggling multiple offers.
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Mary Jane Riva
Pizza Factory
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Center For Labor Markets and Policy
Lara Beckius
Connecticut College
Beckius
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Maine Botanical Gardens
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Google
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Connecticut
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COVID
Corinthian College debt wiped for over half a million borrowers
The Education Department will cancel 5.8 billion dollars in federal student loans for more than 560000 borrowers who enrolled at Corinthian Colleges, ending a major fraud case. Vice President Harris calls it a milestone toward justice, with broader debt forgiveness questions remaining unresolved.
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Joe Biden
Corinthian Colleges
Education Department
Kamala Harris
Cal
Biden
NAACP
Derrick Johnson
Corinthian
Everest
WyeTech
Heald
Harris
California
Obama
Stocks end higher after wobbly start on Wall Street
The S&P 500 rose 1.8 percent, the Dow climbed 1.3 percent, and the Nasdaq gained 2.7 percent as technology shares led a broad rally. The market paused after a choppy week with inflation worries and Fed rate fears, while gasoline prices hit a record $4.71 per gallon.
MENTIONED IN THIS ARTICLE
New York
Wall Street
Microsoft
U.S
Motoring Club Federation Aaa
Go-broke dates for Social Security and Medicare delayed
The 2023 Social Security and Medicare trustees report shows Social Security’s fund depleting in 2035, one year later than before, and Medicare hospital insurance funding pushed to 2028 from 2026. Stronger fiscal recovery and pandemic effects shift projections, while rising cases and inflation influence assumptions. Public trustees seats remain vacant.
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Washington
Medicare
Social Security and Medicare
Aduheim
Tigard
Oregon
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