U.S. Jobless Claims Rise to Five-Week High, Exceed Forecast

Filings for U.S. unemployment benefits unexpectedly increased, rising to a five-week high and adding to signs of potential cooling in the labor market. Jobless claims rose to 222,000 in the week ended June 8, according to Labor Department figures released Thursday. The four-week average, a less-volatile measure, edged up to 217,750. Key Insights The third-straight increase follows May job growth […]

Read more

Australia Conservatives Snatch Unwinnable Election on Economy

In this article Australia’s center-right government clung to power in a surprise victory, with voters backing its stewardship of a slowing economy for another three years and rejecting the opposition’s progressive agenda. Despite trailing in most opinion polls for years, Scott Morrison’s Liberal-National coalition closed down the gap with a relentless attack on Labor’s pledge to take tougher action on […]

Read more

Amazon labor critic rips free one-day shipping plan, citing workplace conditions

Amazon vs Intel: Which stock to pick, which to ditch Surevest CEO Rob Luna and FBN’s Kristina Partsinevelos on Amazon’s strong first-quarter earnings, why investors should avoid Intel and Ford’s earnings beat. As Amazon prepares to roll out free one-day shipping for members of its Prime subscription service, a leading union attacked the e-commerce giant over potential workplace practices that could […]

Read more

Older workers helped fuel recent U.S. growth. Can it last?

MILWAUKEE, Wis. (Reuters) – As a record-breaking economic expansion nears the decade mark, people like Marty Groth may determine whether it is forced into a lower gear. Not long ago, the 60-year-old Groth found himself out of a job and considered retiring on a pension built over a career of maintaining computer servers and printers. Instead, he returned to school […]

Read more

Dow locks union workers out of Houston-area plant

HOUSTON (Reuters) – Dow Inc locked 226 employees out of its Houston-area chemical plant in Deer Park, Texas, on Monday afternoon after United Steelworkers union (USW) workers rejected the latest labor contract proposal, USW officials said. “Our Deer Park site will continue to operate in the safe and reliable manner our neighbors, employees and customers have come to expect of […]

Read more

Democrats Try to Smooth Trade Deal Passage With Labor Proposal

Two top Senate Democrats, including longtime free-trade foe Sherrod Brown are crafting a labor enforcement proposal that could help ease the way for passage of President Donald Trump’s new North American trade agreement. Brown of Ohio and Ron Wyden of Oregon are floating ideas to address Democrats’ concerns about the U.S.-Mexico-Canada Agreement and build a consensus that could help get […]

Read more

The World’s Richest Countries Are Full of Anxious, Alienated People

The people of the world’s richest economies are anxious about everything from money and taxes, to healthcare to pensions — and they’ve little faith in their governments to do anything about it. According to a survey of 22,000 people in 21 OECD countries, there’s a “clear sense of dissatisfaction and injustice” in advanced economies. A majority believe they wouldn’t easily […]

Read more

In letter to AOC, Big Labor says Green New Deal would cause 'immediate harm' to union workers

Ocasio-Cortez unveils new details about upcoming ‘Green New Deal’ Big Labor is not buying the Democrats' Green New Deal, saying the proposed economic and energy reforms would cause “immediate harm” to millions of union employees and threaten their livelihoods. The AFL-CIO, which represents 12.5 million union workers, outlined its opposition to the proposal in a recent letter to its leading sponsors: U.S. […]

Read more
1 2 3 5