Labor

Black Unemployment Rates 82% Higher Than White

Most experts believe that the July jobless report showed some pressure on the economy due to trade wars, especially with China. The unemployment rate was steady at 3.7% compared to ...
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Will July Employment Report Lift Hopes of Further Fed Rate Cuts?

Friday's key economic data point came from the Bureau of Labor Statistics (BLS) employment situation report for July. The unemployment rate remained unchanged at 3.7% and the U.S. economy added ...
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A $15 Minimum Wage Could Cost 3.7 Million People Their Jobs

The U.S. House of Representatives has passed a bill to take the federal minimum wage to $15 an hour in stages. The final stage would be in 2025. Since the current ...
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Kohl’s to Bring on Thousands of Workers

Kohl’s Corp. (NYSE: KSS) announced on Wednesday that it plans to take on more employees during the back-to-school, fall and holiday seasons. As of Wednesday, Kohl’s is now hiring for ...
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Almost 40% of Amazon Workers Want a Union

Amazon.com Inc. (NASDAQ: AMZN) workers in Minnesota and Germany have gone on strike or walked out of their jobs during Prime Day, the e-commerce company's 48-hour event created to trigger ...
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How Much Will Unhappy Amazon Workers Disrupt Prime Day?

Amazon's Prime Day, during which members of its subscription services get deals on hundreds of thousands of products and appearances by famous artists, kicks off at 3 a.m. ET on ...
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This Famous Newspaper Will Fire Its Entire Staff

Call it part of the implosion of the American newspaper industry. A 126-year-old, Pulitzer Prize-winning daily newspaper will lay off its entire staff as it changes ownership. It is one ...
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More Than 7.3 Million Job Openings Need Filling

It's theoretically not possible to have a negative unemployment rate in society. After all, there are always some people who are in transition between jobs or waiting to start a ...
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How Facebook Is Leading the Way Through Diversity

Facebook Inc. (NASDAQ: FB) is leading the way for social media companies, and it wants to be a leader in diversity as well. The social media giant recently announced that ...
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Newspaper Newsroom Employment Dropped by Almost Half in Past Decade

As more and more newspapers close, and others cut staff to the point where they cannot be effective at the examination and reporting of local events and politics, the industry's ...
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US Payrolls Rise More Than Expected in June, and the Market Is Disappointed

This week may have been broken up by the 4th of July holiday, but the global financial markets were open even as U.S. markets were being run by skeleton crews. ...
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ADP Sets Soft Trend for Friday’s Payroll Report From the Labor Department

Each month's ADP employment report gets to act as a preview and bias-setting event for the U.S. Department of Labor's report on payrolls and national unemployment. The numbers are never ...
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American Companies Post Most Layoffs Since the Financial Crisis

The U.S. job market has been a growth engine of the U.S. economy since the Great Recession. The unemployment rate in May was 3.6%, near the lowest levels in decades, ...
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Teachers Are 3 Times More Likely to Need a Second Job to Make Ends Meet

One frequent criticism of the U.S. school system, particularly public schools, is that teachers are paid less than people in many other professions. New research shows some teachers cannot make ...
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Careful What You Wish For: Weak May Payrolls Meet Lower Revisions for April and March

It has to be an interesting time when the stock market is hoping for slower growth and weaker economic news. That's a recipe that might just tempt Jerome Powell and ...
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