Ludwig Cancer Research

Labor Participation Up But So is 'Functional Unemployment'

Retrieved on:

Thursday, September 14, 2023

Well, Bureau, Bureau of Labor Statistics, Workforce, Unemployment, TRU, Woman, Ludwig Cancer Research, White, Face, Nursing

WASHINGTON, Sept. 14, 2023 /PRNewswire/ -- In spite of a higher labor participation rate in August, many of these new workforce participants are finding themselves without full-time jobs paying a living wage, according to the August True Rate of Unemployment (TRU) report by the Ludwig Institute for Shared Economic Prosperity (LISEP).

Key Points:

While the increase might seem small, that increase – combined with a 0.2 percentage point increase in the labor force participation rate – indicates that even though more Americans are working, many are unable to find jobs paying over the poverty line.
Similarly, the official U.S. unemployment rate issued by the Bureau of Labor Statistics also increased, from 3.5% to 3.8%.
"Federal policy to slow inflation has focused on raising interest rates to slow business expansion, and by extension, wage and job growth.
The TRU for women improved by 0.3 percentage points (from 27.7% to 27.4%), while the TRU for men increased by 0.3 percentage points, from 18.9% to 19.2%.

Erosion in Buying Power Extends Beyond Blue-Collar Jobs, says LISEP

Retrieved on:

Thursday, August 24, 2023

Dental assistant, Food, Housing, Occupation, CPI, Education, Health, Firefighter, Lawyer, Dentist, TLC, Nursing, Consumer, Transport, Ludwig Cancer Research, Health insurance

WASHINGTON, Aug. 24, 2023 /PRNewswire/ -- It's not just a blue collar or low-wage job phenomenon: the majority of occupations in the U.S. saw a decline in buying power over the last 20 years when adjusted for the rising cost of basic necessities, according to a study released by the Ludwig Institute for Shared Economic Prosperity (LISEP).

Key Points:

Many of these items – such as rental cars and hotel rooms – are of little or no relevance for most households.
Accountants, engineers, architects, even doctors and lawyers, saw their effective buying power erode, some by up to 20% of their income, according to LISEP.
Overall, an overwhelming majority of professions saw declines, according to LISEP.
"We now see that even among professions that are considered high-paying and stable, households are losing buying power, and it has been progressing for more than two decades," Ludwig said.

Living-Wage Job Market Takes a Hit; Hispanic Workers Bear the Brunt

Retrieved on:

Wednesday, August 16, 2023

Bureau of Labor Statistics, BLS, Policy, Employment, Woman, Ludwig Cancer Research, White, Black, Insurance, TRU

WASHINGTON, Aug. 16, 2023 /PRNewswire/ -- Even though inflation has moderated significantly in recent months, it appears to have been at the expense of low-wage workers, with the "functional unemployment" rate jumping by 1.2 percentage points for July, according to the True Rate of Unemployment (TRU) report by the Ludwig Institute for Shared Economic Prosperity (LISEP).

Key Points:

By contrast, the U.S. Bureau of Labor Statistics (BLS) reported a decrease in the official jobless rate, from 3.6% to 3.5%.
"While boosting interest rates has had the intended effect of curbing higher prices, it has had a detrimental impact on those who can least afford it.
It's a situation where the cure may be just as deadly as the ailment."
"When one demographic group continues to be disproportionately affected by current economic conditions, it's a concerning trend well worth watching," Ludwig said.

This Week in Finance News: 13 Stories You Need to See

Retrieved on:

Friday, July 21, 2023

NEW YORK, July 21, 2023 /PRNewswire/ -- With thousands of press releases published each week, it can be difficult to keep up with everything on PR Newswire. To help journalists covering the finance industry stay on top of the week's most newsworthy and popular releases, here's a roundup of stories from the week that shouldn't be missed.

Key Points:

Franchisors and franchisees must be compliant in the state where they are headquartered and, in the states where the franchises are located.
HUB Franchise Insurance Solutions helps ensure franchisors and franchisees understand these complexities and are insured appropriately.
Oklahoma takes a significant step towards educational empowerment with the state's Parental Choice Tax Credit Act.
Related Resources: Read and subscribe to our journalist- and blogger-focused blog, Beyond Bylines , for media news roundups, writing tips, upcoming events, and more.

Living-Wage Job Market Improves in May, Says Ludwig Institute

Retrieved on:

Wednesday, June 14, 2023

Lifting, Bureau of Labor Statistics, BLS, Poverty, Male, Employment, TRU, Woman, Optimism, Ludwig Cancer Research, White, Ridesharing, Unemployment

WASHINGTON, June 14, 2023 /PRNewswire/ -- The percentage of Americans with living-wage jobs improved significantly from April to May, with "functional unemployment" dropping to its lowest level in months for all major demographic groups, according to the monthly True Rate of Unemployment (TRU) report by the Ludwig Institute for Shared Economic Prosperity (LISEP).

Key Points:

By contrast, the U.S. Bureau of Labor Statistics (BLS) reported an increase in the official jobless rate, from 3.4% to 3.7%.
"This month is a perfect example of the shortcomings of government headline statistics in assessing the status of the economy," said LISEP Chairman Gene Ludwig.
According to LISEP, a cooling of inflation combined with wage gains for low-income earners helped increase the availability of living-wage jobs across all demographics.
"That said, this optimism must be tempered with reality: there are key demographic groups that still have functional unemployment rates in excess of 25%.

Functional Unemployment Down for Black Workers, but so is Workforce Participation

Retrieved on:

Wednesday, May 17, 2023

Bureau of Labor Statistics, BLS, Workforce, Poverty, TRU, Woman, Transport, Ludwig Cancer Research, White, Clockmaker, Unemployment, Black

WASHINGTON, May 17, 2023 /PRNewswire/ -- The percentage of Black workers in the labor market with living-wage jobs is at an all-time high, according to the Ludwig Institute for Shared Economic Prosperity (LISEP). But the improvement in April may be less about getting better jobs, and more about workers dropping out of the job market.

Key Points:

But the improvement in April may be less about getting better jobs, and more about workers dropping out of the job market.
In LISEP's monthly True Rate of Unemployment (TRU) report for April, the overall "functional unemployment" rate increased from 22.9% to 23.1% but was mixed among demographic groups.
During this same time period, TRU OOP only improved 0.1 percentage points for Black workers.
Now it is up to policymakers to determine the 'why' and begin the discussion toward a reasonable solution."

HUTCHMED Announces Appointment of Independent Non-executive Director and Member of Board Committees

Retrieved on:

Wednesday, May 10, 2023

The Board of HUTCHMED is of the view that Professor Peters will make significant contributions to the Company.

Key Points:

The Board of HUTCHMED is of the view that Professor Peters will make significant contributions to the Company.
Mr Simon To, Chairman of HUTCHMED said “On behalf of the Board, I would like to extend a warm welcome to Professor Peters to the Company.
Professor Peters is also an independent director of Galenica AG, which is listed on the SIX Swiss Exchange.
The director’s fees of Professor Peters as an Independent Non-executive Director, member of the Technical Committee and member of the Audit Committee of the Company under her appointment letter are US$76,000, US$8,000 and US$13,500 per annum respectively.

Florida's Space Coast Leads Nation in Living-Wage Jobs; West Texas Lags

Retrieved on:

Wednesday, April 26, 2023

Workforce, Food, Housing, Harrisburg–Carlisle metropolitan statistical area, TRU, Metropolitan statistical area, MSA, Palm, Growth, Ludwig Cancer Research, Renewable energy, Creative industries, Unemployment, MD, Space Coast

WASHINGTON, April 26, 2023 /PRNewswire/ -- Driven by a booming tech sector and ample affordable housing, the Space Coast of Florida leads the nation in the percentage of workers with living-wage jobs, while two west Texas regions lead the nation in "functional unemployment," with one community approaching 50%, according to an analysis released by the Ludwig Institute for Shared Economic Prosperity (LISEP).

Key Points:

In this year's TRU by MSA report, LISEP found that the Palm Bay-Melbourne-Titusville MSA on Florida's Space Coast had the lowest TRU in the nation for 2022 at 11.1%, dropping 4.3% from 2021.
This leaves a large portion of the economy reliant on low-paying business clusters, such as food and beverage production and retail.
Similarly, another west Texas region – the El Paso MSA – ranked among the highest for functional unemployment, with the second highest TRU among the most populous 100 MSAs at 31.7%.
This improvement can be attributed in part to its large manufacturing hub, which grew at a 4% clip last year.

Percentage of Living-Wage Jobs Rises in February, But Gender Gap Grows

Retrieved on:

Wednesday, March 22, 2023

Bureau of Labor Statistics, BLS, Male, Growth, TRU, Woman, Ludwig Cancer Research, White, Face, Unemployment

WASHINGTON, March 22, 2023 /PRNewswire/ -- The overall percentage of workers with living-wage jobs improved for the month of February, but the gap between men and women grew by two full percentage points, according to the monthly True Rate of Unemployment (TRU) report issued by the Ludwig Institute for Shared Economic Prosperity (LISEP).

Key Points:

LISEP's overall TRU dropped from 23.1% to 22.9% from January to February, an indication that more workers are finding full-time, living-wage jobs.
TRU tracks the "functionally unemployed," defined by LISEP as the jobless, plus those seeking, but unable to find, full-time employment paying above the poverty line after adjusting for inflation.
By contrast, the U.S. Bureau of Labor Statistics (BLS) reported an increase in the official jobless rate, from 3.4% to 3.6%.
The rate for Latino workers, however, jumped 1.8 percentage points – from 26.8% to 28.6%.

Transgene Appoints John C. Bell and Pedro Romero as Key Scientific Advisors

Retrieved on:

Thursday, March 9, 2023

Oncology, Health, Other Health, Clinical Trials, Pharmaceutical, Biotechnology, Swiss Cancer League, MD, Virology, McGill University, University School, The Ottawa Hospital, Oklahoma State University College of Agricultural Sciences and Natural Resources, Jennerex, Journal, CD8, Therapy, Euronext Paris, University of Ottawa Faculty of Medicine, Ottawa Hospital Research Institute, Research, School, OHRI, Medical Research Council, Potyvirus, Publication, New York University Grossman School of Medicine, National university, Agriculture Network Information Center, Clinical, Biochemistry, University, LICR, CTL, Immunotherapy, University of Lausanne, OV, Faculty, Doctor of Philosophy, Medical Research Council (United Kingdom), Épalinges, Ludwig Cancer Research, McMaster University, Pharmaceutical industry, Science, Medicine, Biology, Cancer, Nature

Transgene (Euronext Paris: TNG) (Paris:TNG), a biotech company that designs and develops virus-based immunotherapies for the treatment of cancer, announces the appointment of Dr. John C. Bell and Dr. Pedro Romero as key scientific advisors.

Key Points:

Transgene (Euronext Paris: TNG) (Paris:TNG), a biotech company that designs and develops virus-based immunotherapies for the treatment of cancer, announces the appointment of Dr. John C. Bell and Dr. Pedro Romero as key scientific advisors.
“John and Pedro are world leaders in cancer immunotherapy, and will bring considerable expertise to Transgene,” said Hedi Ben Brahim, Transgene’s CEO.
He formed, and continues to lead, the Canadian Oncolytic Virus Consortium, a trans-Canadian, multidisciplinary group developing virus-based cancer therapeutics.
Pedro obtained his MD at the School of Medicine of the National University of Colombia in Bogota.