Labor

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Wal-Mart Is Largest Employer in 20 States

With 1.3 million employees, Wal-Mart Stores Inc. (NYSE: WMT) is the largest private employer in the United States. The company operates more than 4,500 Wal-Mart stores and nearly 650 Sam’s ...
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Union Seeks Election at Boeing 787 Plant in South Carolina

The International Association of Machinists & Aerospace Workers (IAM) filed a petition Monday morning with the U.S. National Labor Relations Board (NLRB) to hold an election at Boeing Co.’s (NYSE: ...
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Youth Unemployment at an Amazing 17.1%

In Friday’s report on the employment situation in the United States, the Bureau of Labor Statistics (BLS) disclosed that the unemployment rate for young people aged 16 to 19 remained ...
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Black Unemployment at 10.4%

In February, the unemployment rate among black or African American persons was 10.4%, nearly double the national rate of 5.5%. The unemployment rate among blacks or African Americans between ages ...
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A Fifth of Americans Do Not Plan to Retire

Whether it comes from financial necessity or potential boredom, a fifth of Americans do not plan to retire. The decisions could substantially alter the landscape of the U.S. job market, ...
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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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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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