WashU Expert: H-1B visa restrictions unlikely to impact unemployment rates

WashU Expert: H-1B visa restrictions unlikely to impact unemployment rates

President Donald Trump issued a presidential proclamation this week that will suspend most new H-1B and other visas through the end of the year — a move the administration said was to protect jobs for unemployed Americans affected by COVID-19. The industries most reliant on visas to fill open positions, however, have relatively low unemployment rates, according to an Olin Business School expert at Washington University in St. Louis.

Study: Black millennials’ world view shaped by violence

More than half of black youth report that they or someone they know was harassed by or experienced violence from the police, compared with one third of white youth and one quarter of Latino youth, according to a new report on black millennials co-authored by researchers at Washington University in St. Louis and the University of Chicago.

Hire Heroes Act will help change perceptions of veterans entering tough job market

Veterans are returning home to an abysmal economy and a tough job market. “After World War II, employers used to snap up veterans because of their tremendous skills sets gained in the service — whether that be technical, leadership, or other job specific aptitudes,” says Monica Matthieu, PhD, research assistant professor at the Brown School at Washington University in St. Louis and an expert on veteran mental health. “But now, veterans are facing higher unemployment rates than civilians as employers may be concerned about veterans’ struggle with the mental and physical health aftereffects of military service,” she says.

It’s the wave of the future: The economy thrives, but the employment rate doesn’t

Recovering from a recession doesn’t include the entire economy.The “jobless recovery” that befuddled observers after the recession in the early 2000s was no fluke. It’s actually a pattern that we can expect to continue thanks to technology’s uneven impact across sectors of the economy. What’s more, this new trend in business cycles is as important in making policy decisions as it is in ensuring the stability of the country’s economy. More…

Weidenbaum memoir offers inside look at rise of Reaganomics

For nearly a quarter century, Murray Weidenbaum has said little about what it was like to serve as the first chairman of President Ronald Reagan’s Council of Economic Advisers, a role in which he was a primary architect of policies later known as “Reaganomics.” Now, one year after Reagan’s passing, Weidenbaum has issued a brief memoir detailing his years as the president’s chief economic adviser.

Corporate recruiting on the rise; biggest hiring increases in financial services and healthcare industries

David Kilper/WUSTL PhotoHiring outlook looking good for 2004 grads.Overall hiring activity has increased in all industry sectors this year, according to Gregory Hutchings, Associate Dean and Executive Director of Career Resources at the Olin School of Business at Washington University in St. Louis. “Last year was probably one of the worst hiring markets for newly minted grads in the last 10 or 15 years, but we have seen a substantial increase in employers coming to campus this year with about a 30 to 40 percent increase,” says Hutchings.