The high number of involuntary part-time workers is consistent with an average workweek that was unchanged at 34.5 hours for the fourth straight month in June, says Bernard Baumohl, chief global economist of The Economic Outlook Group.

“It stands to reason that if the economy is improving, we would see employees put in more time on the job,” Baumohl says. “This is usually a leading indicator of both future hiring and pay increases.”

Instead, he notes, the economy has been running in place this year. Second-quarter growth will likely offset a 2.9% first-quarter contraction caused partly by bad weather.

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If you have a job, you know some people take their job titles way too seriously. Many of them just sit around and do the bare minimum all day long.

Whether you’re a sales associate taking on a retail position at a high-end store, or a director at a major corporation, there’s a high chance you should just be called a more simplified name rather than whatever your business card says you are.

In a recent photo series released by Someecards, we’re all exposed to the harsh reality of what our job titles actually entail.

These are really good and deserve a careful look–KSH.

Traci Butler and her husband cut out vacations after the U.S. recession five years ago. This week, the couple is taking their two boys on a weeklong trip that includes a July 4th visit to the nation’s capital, just a few weeks after touring Italy on their own.

In the aftermath of the recession, “things were much tighter,” said Butler, a special education teacher from Washington, Illinois, whose husband works for construction machinery maker Caterpillar Inc. “We didn’t have bonuses for a while. The last two years have been better.”

About 34.8 million people plan to drive 50 miles or more from home during the five days ending July 6, up from 34.1 million last year and the most since 2007, AAA, the biggest U.S. motoring organization, said June 26. The travel recovery is boosting sales for hotels and attractions, a sign that consumer confidence and consumer spending are on the mend, said Mark Zandi, chief economist at Moody’s Analytics Inc. in West Chester, Pennsylvania.

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Britons spend more than 130 million hours per week working from cafés, dubbed “coffices” by some, while more than one in four workers would choose to work there if they had the option, according to a survey by O2 Business.

New legislation, which takes effect today, will give workers the right to request more flexible working arrangements, but more than half of those surveyed by O2 were unaware of the changes.

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Passions on both sides of the birth control debate were inflamed Monday after the U.S. Supreme Court ruled that some businesses can hold religious objections that allow them to opt out of the new health law requirement that they cover contraception for women.

But one University of South Carolina law professor called the Hobby Lobby ruling “not a huge surprise.”

“It could have gone different ways, but the court has, in recent years, been very pro-corporation,” said health care attorney and professor Jacqueline Fox.

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One in ten deaths among working-age adults in the U.S. is caused by drinking too much, according to the report by the Centers for Disease Control and Prevention.

Binge drinking (more than four drinks at a time for men or more than three for women) is responsible for the majority of alcohol-related deaths. Some 71% of deaths related to excessive drinking involved men, and 5% involved those under the age of 21.

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When I share these [sobering] statistics [on the discontent and discouragement among parish minsiters and their families] with pastors, they slowly, knowingly nod their heads.

Yet when I share these statistics with non-clergy, they are shocked: “How can this be? I had no idea!” A widespread Super Pastor mentality has led us to believe that pastors never struggle, never doubt, never get discouraged, and never wrestle with feelings of failure ”” just because they’re pastors.
Read more in Briggs’ recent book Fail.Read more in J.R. Briggs’ latest book.

But pastors are people, too. Ministry is a significant calling and it is involves broken, sinful, and scandalously ordinary people God calls and uses to shepherd souls. These broken ordinaries are called pastors.

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They’re living at home in growing numbers. They’re not buying homes, which creates ripple effects throughout the housing market. They’re having more babies out of wedlock than in it. Why can’t millennials get it together?

The first and most obvious answer is “jobs.” If you can’t find a stable job, it’s hard to move out of Mom’s basement. It’s hard to commit to a mortgage or a spouse. It’s hard, in other words, to launch into the middle-class life that constitutes the American Dream.

Millennials are some of the biggest victims of the financial crisis. Those without a college degree face high rates of unemployment, while those who have a sheepskin are more and more likely to be underemployed in a job that doesn’t require their degree. Even if the student loan crisis has been overstated, the rising cost of college tuition certainly doesn’t help.

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Despite Americans being more secure in their jobs and more comfortable with their debt since the recession ended, their savings capacity remains weak even among those with highest-income household. Only 46% of those with annual income of $75,000 or above have enough savings to cover six months of expenses.

“People are not making progress. Incomes are stagnating and expenses are high,” said Greg McBride, Bankrate.com’s chief financial analyst. He said that many people are still struggling with payments from the past years and high household costs.

The report also indicates that the segment of the population aged between 30 and 49 are the most likely to have no emergency fund compared with younger people. “That is alarming because those are the people with a house, two cars and a dog but still with no emergency savings. You need emergency savings,” he added.

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A blueprint to lift one million people out of low pay by 2020 is published…[this week], and could adopted by Labour if it wins power at next year’s general election.

A commission chaired by Dr John Sentamu, the Archbishop of York, calls on the Government to champion the gradual introduction of a living wage higher than the national minimum wage in sectors that could afford it. But it rejects the idea of imposing a higher wages floor by law.

The living wage is currently £8.80 an hour in London and £7.65 an hour outside the capital. The minimum wage is £6.31 an hour.

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One in five people in their 20s and early 30s is currently living with his or her parents. And 60 percent of all young adults receive financial support from them. That’s a significant increase from a generation ago, when only one in 10 young adults moved back home and few received financial support. The common explanation for the shift is that people born in the late 1980s and early 1990s came of age amid several unfortunate and overlapping economic trends. Those who graduated college as the housing market and financial system were imploding faced the highest debt burden of any graduating class in history. Nearly 45 percent of 25-year-olds, for instance, have outstanding loans, with an average debt above $20,000. (Kasinecz still has about $60,000 to go.) And more than half of recent college graduates are unemployed or underemployed, meaning they make substandard wages in jobs that don’t require a college degree. According to Lisa B. Kahn, an economist at Yale University, the negative impact of graduating into a recession never fully disappears. Even 20 years later, the people who graduated into the recession of the early ’80s were making substantially less money than people lucky enough to have graduated a few years afterward, when the economy was booming.

Some may hope that the boomerang generation represents an unfortunate but temporary blip ”” that the class of 2015 will be able to land great jobs out of college, and that they’ll reach financial independence soon after reaching the drinking age. But the latest recession was only part of the boomerang generation’s problem. In reality, it simply amplified a trend that had been growing stealthily for more than 30 years. Since 1980, the U.S. economy has been destabilized by a series of systemic changes ”” the growth of foreign trade, rapid advances in technology, changes to the tax code, among others ”” that have affected all workers but particularly those just embarking on their careers. In 1968, for instance, a vast majority of 20-somethings were living independent lives; more than half were married. But over the past 30 years, the onset of sustainable economic independence has been steadily receding. By 2007, before the recession even began, fewer than one in four young adults were married, and 34 percent relied on their parents for rent.

These boomerang kids are not a temporary phenomenon. They appear to be part of a new and permanent life stage.

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“…from wages and retirement plans to vacation policies and commutes””workers are less content with their jobs than they were in 1987, when the research group started tracking the topic. Back then, 61.1% of workers said they were satisfied with their work.

The decline suggests a steady erosion of trust and loyalty between employers and employees, said Rebecca Ray, leader of the organization’s human capital research unit.

“Certainly, the employer contract is dead for the most part,” she said, noting that benefits such as pension plans, 401(k) matches and robust healthcare coverage, which once glued employers and their employees together in a long-term relationship, are disappearing.

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Four years ago, 6.8 million Americans were out of work for six months or longer. Half as many are now. That might sound like good news, but it isn’t.

Nearly four-fifths of those who became long-term unemployed during the worst period of the downturn have since migrated to the fringes of the job market, a recent study shows, rarely seeking work, taking part-time posts or bouncing between unsteady jobs. Only one in five, according to the study, has returned to lasting full-time work since 2008.

The plight of these millions is now at the center of a contentious debate among top U.S. officials over how to spur jobs without stirring inflation.

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Recent college grads, take note: Mentioning a campus religion group on your resume ”” particularly a Muslim club ”” may lead to significantly fewer job opportunities.

Two new sociology studies find new graduates who included a religious mention on a resume were much less likely to hear back from potential employers.

The studies used fictitious resumes ”” with bland names that signaled no particular race or ethnicity. These were sent to employers who posted on the CareerBuilder website to fill entry-level job openings in sales, information technology and other fields suitable for first jobs out of college.

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When it comes to work and career, more than anything this generation wants to be inspired. Finding a job they are passionate about is the career priority Millennials ranked highest (42%). They don’t want a job merely for the sake of a paycheck, and they are willing to wait to find the right job. Some may interpret this willingness to wait as a sign of courage, while others may view it as colossal irresponsibility. Having grown up in an era where parents and teachers were constantly telling them they could “be whatever you want to be,” many Millennials see this decision as their prerogative, even if it means having to live off unemployment benefits or parental assistance.

Because job satisfaction and fulfillment are so important to this generation, Millennials refuse to compromise on what they want out of work, which is a lot: They cite working for themselves, a job adaptable to their strengths, having a lot of variety, and the freedom to take risks as essential career priorities, in addition to being able to fund their personal interests. Working in a positive work environment where their input is valued is extremely important to them, suggesting Millennials prefer to work in organizations where the structure is “flatter” and less hierarchical.³ Millennials want regular feedback and expect to be praised when they do a good job. They also want to work in a stimulating atmosphere, where they can release their creative passions. For many who are older, these characteristics and expectations make the Millennials a challenge to work with.

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A 2011 study of the long-term unemployed published by the Heldrich Center for Workforce Development at Rutgers University also found that half of participants experienced shame and embarrassment that led them to isolate themselves from friends and associates. Among the long-term unemployed, 31.1 percent reported spending two hours or less with family or friends the previous day, versus 21.5 percent among short-term unemployed adults.

Long-term unemployment is not just a mental health crisis; it’s also a spiritual crisis. And the church is the only institution in American that can adequately respond. “Fortunately, the church is in a unique place to explain Christ’s restoration of work,” says Michael Jahr, “the meaning of suffering, and the hope and peace that result from putting our trust in him.”

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“I sincerely hope,” he continued, “that the international community can offer social protection to minors to defeat this plague.” The Holy Father went on to say, “Let us all renew our commitment, especially families, to ensure the tutelage of every boy’s and girl’s dignity and the chance to grow up healthy.”

“A serene childhood,” he concluded, “allows children to look with confidence to the life and future.”

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This artificial conception of money perhaps lies behind the pathological tendencies of high finance which are destructive of real wealth. Our governments and finance sectors are so often permitted to act in a criminal manner because we assume that money is amoral, disconnected from any right order, and thus open to manipulation by the masters of high finance. If we are to change this situation in a lasting way, we need to change the way we think about money, wealth and power.

We are not, of course, going to banish extortion or amoral instrumentalism just by having better metaphysics. Criminals, extortionist and abusers of power were as common and as powerful in the Middle Ages as they are today. Yet if we do not appreciate the relationship between the prevailing order of wealth and power and the metaphysical assumptions upon which they rest, we will be condemned to repeat the same cycle of inequity and instability.

The main game, indeed, is the struggle for our minds. Plato saw this most clearly. As long as we believe that illusions are reality, we are controlled by those who manipulate the collective illusions that structure the operational norms of the world as we know it.

How do we get money tied to the realities of real human life so that it becomes a fair function of the actual production and distribution of real wealth?

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Last week, funeral director Caleb Wilde wrote a blog post about who to seek out when dealing with grief. His basic advice: find a therapist before you seek out your pastor. The reasoning goes that therapists, with their training in the psychological aspects that arise in times of grief, are better qualified than clergy to deal with things like depression.

I agree. In fact, this article caused me to think about a few roles that pastors are expected to take on to varying degrees, but ultimately are unqualified to fulfill. Beyond a few continuing education classes that help us better understand some of the issues that inevitably arise in ministry with individuals or organizations, to be a pastor is to be one thing and not another. A certain amount of dabbling is inevitable and a certain amount of understanding is necessary, but there come points when certain issues are best left to the experts.

So I present three things that pastors are not, even though at times maybe we or our parishioners think we are or want us to be. In the interest of balance, I’ll present a similar list of things that we are later this week.

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The longer that Americans are unemployed, the more likely they are to report signs of poor psychological well-being. About one in five Americans who have been unemployed for a year or more say they currently have or are being treated for depression — almost double the rate among those who have been unemployed for five weeks or less.

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This year’s college graduates will have to be more creative to land a job they want.

The unemployment rate for college graduates ages 22 to 27 fell to 5.6 percent in 2013 from 6.4 percent at the recession’s peak in 2009. Among 22-year-old degree holders who found jobs in the past three years, more than half were in roles not requiring a college diploma, said John Schmitt, a labor economist for the Center for Economic and Policy Research in Washington.

Many graduates have traveled nontraditional pathways to find employment in their desired fields. Rory Molleda, 22, started an unpaid internship at Washington’s D.C. United soccer team a week after finishing Guilford College in Greensboro, North Carolina, a year ago.

Forty job applications later, he networked his way to a paid position at another company that wasn’t exactly what he wanted. In January, he landed his “dream job” as a team operations coordinator for D.C. United and said he feels lucky.

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The European Central Bank cut its deposit rate below zero and said it would announce further measures later today as policy makers try to counter the prospect of deflation in the world’s second-largest economy.

ECB President Mario Draghi reduced the deposit rate to minus 0.10 percent from zero, making the institution the world’s first major central bank to use a negative rate. Policy makers also lowered the benchmark rate to 0.15 percent from 0.25 percent.

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The summer driving season is upon us, a time when road-trip dreams meet the open road. There’s just one thing standing in the way: the gas station.

Think filling up is expensive? It’s all relative. The cost of filling up the 39-gallon tank of a Chevrolet Suburban in [one country] is $381.81. In [another country], it’s just $1.56.

Read it all and try to guess your country’s rank before you look. Note also that the % of an average daily wage for one gallon of gas is yet another difference across the globe.

The bond markets have grasped something that continues to elude many economists. We live in a confused world. Yet the underlying story is simple. The US middle continues to hollow out, even as the economy continues to grow.

But the latter’s upside is limited by the crisis in the former. Unless the middle class starts to post healthy income gains, we will be stuck in what has been annoyingly named the “new normal”.

Neither the Democratic nor the Republican party ”“ nor most of their European counterparts ”“ appears to have an answer. President Barack Obama pushes for a higher minimum wage, which would certainly help the poorest sections of the US labour force. But it would do nothing to fix the central problem. And Republicans keep arguing for lower taxes on the wealth creators. Ditto. They have argued each other to a standstill.

Both parties might find it instructive to look north to Canada, which has endured its harshest winter in 20 years.

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So what can leaders do to improve their chances of successfully implementing organizational change? They should use an intentional, structured approach to determine where they are now, where they want to be in the future, and how they will bridge the gap.

–Assess the current state to understand where the organization is starting from as it begins the change process. What are the organization’s strengths? What are its barriers to change? Are employees ready and willing to embrace the change and adopt new behaviors?
–Paint a clear, compelling picture of the future state and explain why change is necessary. Employees are more motivated to change if leaders can give them hope and inspiration. Workers need to envision the change and understand how their efforts will contribute to achieving it.
–Create a plan of action to bridge the gap between the current and future state. This plan serves as a road map for the journey and identifies the specific steps required to achieve the desired change.

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Many employers had thought they could shift health costs to the government by sending their employees to a health insurance exchange with a tax-free contribution of cash to help pay premiums, but the Obama administration has squelched the idea in a new ruling. Such arrangements do not satisfy the health care law, the administration said, and employers may be subject to a tax penalty of $100 a day ”” or $36,500 a year ”” for each employee who goes into the individual marketplace.

The ruling this month, by the Internal Revenue Service, blocks any wholesale move by employers to dump employees into the exchanges.

Under a central provision of the health care law, larger employers are required to offer health coverage to full-time workers, or else the employers may be subject to penalties.

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India, a giant economic mediocrity, is cursed by having too many economists. Its outgoing prime minister, Manmohan Singh, has a doctorate from Oxford, ran the central bank in the 1980s and led the liberalisation programme that India put in place in 1991 after a currency crisis. Yet as prime minister Mr Singh had little grip or public support, serving at the pleasure of Sonia Gandhi, the populist leader of the Congress party. By the end of his ten-year term he admitted he had failed. In August, as the rupee tumbled, he addressed a gathering of India’s policymaking elite at his house in Delhi. The economy faced “very difficult circumstances”, he whispered.

Mr Singh’s successor could not be more different. Narendra Modi’s economic views have been formed while running the business-friendly state of Gujarat for the past 12 years. Asked some time ago about his economic influences, he described his homespun framework, jotting diagrams on a pad as he spoke. He has studied Singapore and China, but thinks that “India is a democracy and has different requirements”. Striking a balance between farming, small firms and global companies is required, with limited but muscular administration and populist appeal: “Men, machines and money must work together.”

Having run Gujarat well, Mr Modi now faces the far harder task of running India. He has big advantages””administrative competence, control over his party and a majority in Parliament””that should ease decision-making. Unlike Mr Singh, he has also campaigned and won on a platform of aspiration and economic reform. India needs “less government and more governance”, he declared on the campaign trail.

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The most important change in the world over the past 30 years has been the rise of China. The increase in its average annual GDP per head from around $300 to $6,750 over the period has not just brought previously unimagined prosperity to hundreds of millions of people, but has also remade the world economy and geopolitics.

India’s GDP per head was the same as China’s three decades ago. It is now less than a quarter of the size. Despite a couple of bouts of reform and spurts of growth, India’s economy has never achieved the momentum that has dragged much of East Asia out of poverty. The human cost, in terms of frustrated, underemployed, ill-educated, unhealthy, hungry people, has been immense.

Now, for the first time ever, India has a strong government whose priority is growth. Narendra Modi, who leads the Bharatiya Janata Party (BJP), has won a tremendous victory on the strength of promising to make India’s economy work. Although we did not endorse him, because we believe that he has not atoned sufficiently for the massacre of Muslims that took place in Gujarat while he was chief minister, we wish him every success: an Indian growth miracle would be a great thing not just for Indians, but also for the world.

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Twenty percent of Americans name unemployment or jobs as the most important problem facing the country in May, up from 14% who mentioned these issues in April. Dysfunctional government (19%) and the economy in general (17%) also rank among the top problems.

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Years before Narendra Modi won this month’s election that now allows him to become India’s next leader, the former tea-stall worker asked this question on behalf of the world’s second most-populous nation:

“It is often said that India does not dream big and that is the root cause of all our problems. Why can’t we dream like China, Europe or America?”

Note how Mr. Modi compares India to other continental powers. This reveals just how much today’s 1.25 billion Indians, who are digitally hitched to the global flow of ideas, have adopted new views of their capacity for progress ”“ not only for India but for themselves.

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