Labor

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40-Hour Workweek Actually 47 Hours Long

Only about four of 10 U.S. workers actually work a 9-to-5, 40-hour a week job. A full 50% say they work more than 40 hours a week, and just 8% ...
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LA Minimum Wage Could Be Among Highest in U.S.

Los Angeles could become the third California city to take action on a proposal to raise its minimum wage. The city’s mayor, Eric Garcetti, is expected to announce a plan ...
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America’s Fastest Growing Jobs

After the recession wiped out millions of jobs, the American labor market has at least partially recovered. So far this year, the United States has added roughly 1.6 million jobs. ...
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Yellen Sees Negative Labor Market, Undermines Rate Hike Chances

After reciting the current reasonably upbeat data on the labor market, Federal Reserve Chair Janet Yellen reminded her audience at the Fed’s annual retreat in Jackson, Wyo., that the labor ...
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jobs

Minimum Wage Battle Not Over in San Diego

With a population of around 1.34 million, San Diego is the largest city in the United States to have passed an ordinance to raise the minimum wage beyond the federally ...
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States With Unemployment Under 5%

The national jobless rate continues to hover above 6% and, based on several government forecasts, will not drop below the 5% that marks a complete economic recovery for several years. ...
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WMT strike Black Friday 2012

Do Walmart’s Low-Paid Workers Hurt the Bottom Line?

Without giving any details, Wal-Mart Stores Inc. (NYSE: WMT) said Thursday morning that it is cutting its earnings guidance for the 2015 fiscal year as a result of “incremental investments ...
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factory

Unit Labor Costs and Productivity Very Mixed, With Crazy Revisions

Economists and market watchers want to know if labor costs are truly rising or not. After all, there has been very mixed data. Now a report on second quarter non-farm productivity ...
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factory

Will Unit Labor Costs Confirm Wage Inflation Fears?

Friday morning will bring the quarterly report on nonfarm productivity and unit labor costs. With the Employment Cost Index from last week having shown a pop much higher for the ...
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Will Weekly Jobless Claims Continue to Grow?

Thursday will mark yet another Labor Department report covering weekly jobless claims. The question we and others will be asking is whether we have seen a cycle peak in jobless ...
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Will Labor Uprisings Deter New Restaurant Franchises or Hurt Sales?

The pressure for higher wages in low-cost labor has been front and center in the fast-food and casual dining industry. A recent ruling from the National Labor Relations Board (NLRB) ...
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Do Layoffs in Biotech Send the Right Message?

Investors could be facing a new future in biotech. After years and years of growth and after massive gains in recent years, is it possible that biotech giants are simply ...
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WWE Fires 7% as Business Implodes

When World Wrestling Entertainment Inc. (NYSE: WWE) reported second-quarter results this morning, the company was able to beat the consensus analyst estimate for an earnings per share loss of $0.20, ...
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WMT strike Black Friday 2012

Walmart Employees Group Cites Simon’s Leadership Failures

A labor group made up of employees of Wal-Mart Stores Inc. (NYSE: WMT) has been pushing the company for nearly two years to raise its minimum annual wage for full-time ...
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global economy

OECD Projects Slowing Global Growth, Rising Income Equality to 2060

A new study from the Organisation for Economic Co-operation and Development (OECD) projects that global economic growth will slow and income inequality will continue to rise to 2060. The "Policy ...
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