Labor

Will a $3 Billion-Plus Cost for the GM Strike Be Worth It?

Posted: October 17, 2019 at 11:35 am

General Motors Co. (NYSE: GM) reportedly has finalized a settlement to end a multiweek strike by the United Auto Workers (UAW) union. As of midday on October 17, neither a ...
Read Full Story »

GM, Union Reach Tentative Deal but Strike May Not End

Posted: October 16, 2019 at 1:45 pm

In a statement loaded with qualifiers, United Autoworkers (UAW) Vice President Terry Dittes announced "the achievement of a Proposed Tentative Agreement" with General Motors Co. (NYSE: GM). Union negotiators voted ...
Read Full Story »

Job Openings and Quits Show Signs of Less Robust Job Market

Posted: October 9, 2019 at 10:50 am

The media reports that recession risks are rising every day. If a recession is going to arrive, it's going to take a major blow to the consumer — and the ...
Read Full Story »

Why Investors Like the GM Strike

Posted: October 5, 2019 at 8:45 am

The shares of General Motors Co. (NYSE: GM) trade higher than they did at the start of the year. The United Automobile Workers' strike against the big car company started ...
Read Full Story »

Slow Payrolls Gains Still Good Enough to Ease Many Recession Fears

Posted: October 4, 2019 at 9:15 am

After weaker manufacturing and non-manufacturing data inserted some caution in payroll growth this week, and considering a weaker than expected ADP private sector payrolls report, the expectations were low coming ...
Read Full Story »

Job Losses in 2019 Highest in 4 Years as Manufacturing and Auto Industries Falter 

Posted: October 3, 2019 at 8:25 am

The outplacement firm of Challenger, Gray & Christmas on Thursday released its job-cuts report for September, showing that a total of 41,557 planned U.S. job cuts were announced last month, ...
Read Full Story »

ADP Payrolls Data Shows Some Caution in Jobs Market

Posted: October 2, 2019 at 10:00 am

After a weak ISM Manufacturing report on Tuesday, there had been some concerns that the job market might be taking a hit from the U.S./China trade war and slowing global ...
Read Full Story »

GM Backs Off on Decision to Make Union Pay Workers’ Health Care Costs; Other Issues Unresolved

Posted: September 27, 2019 at 11:15 am

46,000 United Auto Workers (UAW) members who have been striking General Motors Co. (NYSE: GM) for the past 11 days will continue to receive health care coverage following the company's ...
Read Full Story »

Continuing Jobless Claims Remain Near 50-Year Low

Posted: September 26, 2019 at 10:15 am

New claims for unemployment benefits rose by 3,000 in the week ending September 21, according to the weekly report from the U.S. Department of Labor. The seasonally adjusted total rose ...
Read Full Story »

US Firms to Hire Fewer Seasonal Workers This Year

Posted: September 19, 2019 at 8:40 am

Citing data from the U.S. Bureau of Labor Statistics (BLS), outplacement firm Challenger, Gray & Christmas is predicting that the number of seasonal jobs offered this year will be no ...
Read Full Story »

Will UAW Strike Against GM End Sooner Rather Than Later?

Posted: September 16, 2019 at 8:20 am

At one minute before midnight Sunday, nearly 50,000 members of the United Auto Workers (UAW) union went on strike against General Motors Co. (NYSE: GM), the first time in a ...
Read Full Story »

Target, UPS Set Seasonal Hiring Plans

Posted: September 10, 2019 at 10:35 am

It's nearly that time of year again. Now that back-to-school shopping is behind us, U.S. retailers are looking ahead to the holiday season, which generates as much as 30% of ...
Read Full Story »

Black Unemployment in America Is Almost 50% Above the National Average

Posted: September 7, 2019 at 9:35 am

Most experts believe that the August jobs report showed some pressure on the economy due to trade wars, especially with China. The unemployment rate was steady at 3.7% compared to ...
Read Full Story »

BLS Data Shows the Endless Gains in Payrolls Are Becoming More Muted

Posted: September 6, 2019 at 9:50 am

After seeing the tally of weekly jobless claims and a stronger than expected private sector payrolls gain for August from ADP, the stage was set for a stronger than expected ...
Read Full Story »

ADP and Layoff Data Bring Stronger Expectations for BLS Unemployment and Payrolls Gains

Posted: September 5, 2019 at 10:45 am

The first week of every month brings a new round of employment and payrolls data regarding the U.S. economy. While the biggest and most widely watched report is the Employment ...
Read Full Story »