Drop in U.S. Jobless Claims Shows Labor Market Remains Firm

In this article Applications for U.S. unemployment benefits declined for the second time in three weeks, indicating the labor market is holding steadfast in the face of slower global demand and trade tensions. Jobless claims fell to 209,000 in the week ended Aug. 3, according to Labor Department figures Thursday that were better than the most optimistic projection in Bloomberg’s […]

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Labor complaint charges Bernie Sanders’ campaign retaliated against employees for union activity

Bernie blasted for slashing hours after staff wage hike; Beto challenges staffers to push-up competition ‘The Five’ weigh in on Democratic candidates’ fight for their party’s presidential nomination. A former campaign employee from the 2020 presidential bid of Sen. Bernie Sander filed a labor complaint this week, alleging that some employees faced retaliation for involvement in organizing for a collective bargaining agreement. The employee, […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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