Labor

Watch for Unemployment Increase in July

June unemployment numbers will be out today. Experts expect a 3.8% unemployment rate and the addition of 200,000 jobs. The employment situation has not been this good since 2000. However, ...
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ADP Sets Cautious Tone for Friday’s Labor Department Report on Job Growth

There may be a bit of a more muted expectations for Friday's key payrolls and unemployment report from the U.S. Department of Labor. The private sector payrolls report from ADP ...
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Layoffs, Low Today, Expected to Rise

One well-known research firm that tracks monthly layoffs by large private employers remarked that in June they remained relatively low. However, they are rising, and tariffs could accelerate the trend. ...
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US Problem: Can a Country Without Wage Growth Continue to Grow?

A new Organisation for Economic Co-operation and Development report titled "OECD Employment Outlook 2018" makes a point that has been made elsewhere. While U.S. unemployment is at historic lows, wage ...
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UPS, Teamsters Shake Hands on 5-Year Contract

United Parcel Service Inc. (NYSE: UPS) said Friday morning that the company has reached a tentative agreement with the Teamsters union on a five-year contract covering union employees involved in ...
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6 Most Important Things in Business Today

China may put tariffs on U.S. crude. According to Reuters: China’s threat to impose duties on U.S. oil imports will hit a business that has soared in the last two ...
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Amazon’s Chinese Contract Manufacturer Faulted for Worker Treatment

China Labor Watch (CLW), a watchdog organization based in New York and China, issued a report Sunday morning on worker treatment at a Chinese factory that assembles consumer electronics products ...
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What’s Changed in the April JOLTS Report

The Bureau of Labor Statistics (BLS) has issued its Job Openings and Labor Turnover Summary, or the JOLTS report, for the month of April. This includes the number of job ...
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Boeing to Challenge Union Victory in South Carolina

A group of 176 flight readiness technicians at the Boeing Co. (NYSE: BA) North Charleston, South Carolina, assembly plant voted to unionize on Thursday. The final tally was 104 to ...
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United Airlines Battles With Kitchen Workers Over Union Representation

Unlike its competitors, United Continental Holdings Inc. (NYSE: UAL) employs many of its own kitchen staff to prepare in-flight meals. The company operates five kitchens in the United States that ...
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Walmart Offers Employees Financial Help to Attend College

In advance of its annual shareholders meeting later Wednesday, mega-retailer Walmart Inc. (NYSE: WMT) announced a new employee benefit: financial assistance for employees seeking an associate's or bachelor's degree in ...
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The Gig Economy, Uber and Jobs

For a while there a couple of years ago, it appeared as though we should all be considering giving up our day jobs and turning to the gig economy, where ...
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Why Are CEOs Paid 361 Times More Than Their Average Employees?

In 1980 the average CEO-to-worker pay ratio was 42:1. In 2017 the ratio was 361:1. Total CEO compensation averaged $13.94 million last year, compared to just $38,613 for the average ...
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6 Most Important Things in Business Today

Tesla Inc. (NASDAQ: TSLA) dropped the prices of its cars sold in China after the nation cut some auto import tariffs. According to Reuters: Tesla Inc has slashed up to ...
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Workers File Harassment, Retaliation Charges Against McDonald’s

Over the past several days, workers at McDonald's Corp. (NYSE: MCD) restaurants have filed 10 charges with the U.S. Equal Employment Opportunity Commission alleging illegal conduct at McDonald's stores in ...
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