Oil Tanker

Forget Inflation, Labor Department CPI Shows Deflation From Energy Prices

The U.S. Labor Department has confirmed what most of us have suspected for some time: deflationary pressure from the cost of energy and commodities falling has turned into deflation. Whether ...
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Labor Department Shows Huge Jump in Weekly Jobless Claims

The U.S. Labor Department has released a somewhat disappointing reading for weekly jobless claims. Claims rose by a sharp 31,000 to a seasonally adjusted reading of 313,000. The Wall Street ...
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Shell Port Arthur TX refinery

US Refinery Strike Widens to 15 Plants

The strike by the United Steelworkers Union (USW) against U.S. refiners widened at midnight Sunday morning to include three Motiva refineries and a Royal Dutch Shell PLC (NYSE: RDS-A) chemical ...
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ten dollars

Can McDonald’s Afford to Raise Worker Pay?

Wal-Mart Stores Inc. (NYSE: WMT) raised minimum worker pay to $9 an hour, which should rise to $10 next year. By some estimates, Wal-Mart's plan will cost it $1 billion a ...
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shopping cart

Wal-Mart Wage Hike Gets Mixed Reaction

When Wal-Mart Stores Inc. (NYSE: WMT) announced earnings Thursday morning and said at the same time that it would raise its hourly wages for full- and part-time associates, we can ...
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Higher Wages, Higher Dividend May Not Be Good Enough for Wal-Mart

Wal-Mart Stores Inc. (NYSE: WMT) reported fourth-quarter and fiscal year 2015 results before markets opened Thursday. The retailing giant posted adjusted diluted earnings per share (EPS) of $1.61 on total ...
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Weekly Jobless Claims Blow Out Estimates

The U.S. Department of Labor has released its most recent report on weekly jobless claims. For the week ended February 14, initial claims came in 21,000 below the previously revised ...
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Boeing 787 museum copy

Boeing Target of Bills Aimed at Keeping Jobs in Washington State

In 2014 the state of Washington had 93,400 aerospace jobs and the aerospace industry supported 267,000 direct and indirect jobs that paid $22 billion in wages. The total could have ...
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Connecticut Lagged US in Job Creation in 2014

Connecticut fell below every other state in the nation in terms of job creation in 2014. North Dakota led the list. Clearly that could change this year as oil prices ...
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Oil refinery

Refiners Post New 52-Week Highs

Two of the country’s largest oil refiners posted new 52-week highs Tuesday, even as both saw picket lines outside their plant gates. Tesoro Corp. (NYSE: TSO) has picketers outside three ...
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Labor Department JOLTS Report: Highest Job Openings Since 2001

The U.S. Department of Labor has released its Job Openings and Labor Turnover Summary, or the JOLTS report, for December 2014. There is a lag here to the traditional employment ...
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Lawn mower

Home Depot Adds 80,000 Workers for Spring Season

The spring gardening and home fix-up season mirrors for home improvement stores the December holiday season for most other retailers. To underline the importance of the spring season, Home Depot ...
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oil storage terminal

Refinery Strike Not Likely to Boost Crude Oil Prices

Contract negotiations between the United Steelworkers union and oil companies fell apart on Saturday and workers went out on strike Sunday. About 3,800 workers are affected at seven refineries and ...
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worker using torch cutter to cut through metal

Union Membership Keeps Falling — BLS Data Summary

Looking back over the past several years, it seems the union movement has shriveled, both in size and influence. Federal government data show that to be true. Union membership has ...
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10 Fired McDonald’s Workers File Civil Rights Lawsuit

In a federal civil rights lawsuit filed in the district court for western Virginia on Thursday, 10 former employees of McDonald’s Corp. (NYSE: MCD) are alleging a pattern of racial ...
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