House panel probes Labor Department’s leak of revised jobs data to Wall Street firms
A Republican-led House committee is seeking an explanation from the Labor Department over how the federal agency leaked revised employment data to several Wall Street firms last month before it was released to the public, The Washington Post has learned. The House Education and Labor Committee, chaired by Rep. Virginia Foxx (R-N.C.), sent a letter […]
Boeing strike costs set to soar if labor dispute drags on
Third Bridge's head of global analyst Peter McNally talks to The Big Money Show about how the Boeing factory worker strike is affecting business. Boeing's tough year was compounded last week when some 33,000 union workers went on strike, a move that is expected to cost the embattled aerospace company big if it continues. According […]
Republicans, Democrats Talk Up Cheap Migrant Labor in Charleroi, PA, in Light of Donald Trump’s ‘Divisive Rhetoric’
Former President Donald Trump has been heavily criticized by local Republican and Democratic politicians for focusing media attention on the government-subsidized busloads of migrants in Charleroi, Pennsylvania. In September, news of an immigration crisis in a small town just south of Pittsburgh made national headlines as thousands of Liberian and Haitian immigrants poured in and […]
Boeing begins layoffs amid labor union strike, controversy over CEO’s home purchase: ‘Very difficult time’
Boeing CEO Kelly Ortberg traveled to Seattle while 33,000 Boeing employees stood on the picket line. (Photos by Derrick Louis, Clarity Northwest Photography, and Laura Halliday, Realogix Sotheby's International Realty and KCPQ) Boeing is launching a series of layoffs in response to a strike by the company's largest labor union, it said in a statement […]
GBP/USD flat after UK labor market data, eyes on US CPI – FXStreet
GBP/USD remains under pressure around the 1.3050 region as cautious market sentiment masks a near-term recovery sparked by the UK employment data. US CPI data will be a focus on Wednesday. Markets will also be focused on the US presidential debate on Tuesday. The GBP/USD pair remains on the defensive, dropping towards 1.3050 during the […]
Approval of labor unions near record high: Gallup
According to a new Gallup poll, roughly 7 in 10 Americans say they support labor unions, bringing support for them to an all-time high. According to a Gallup survey, Released on Monday, The survey found that 70% of Americans support labor unions, 23% disapprove, and 7% had no opinion — just one percentage point lower […]
Boeing strikes tentative labor deal with union representing over 32K workers
Bank of America senior aerospace analyst Ron Epstein shared his thoughts on the current state of aerospace giant Boeing as the company names a new CEO. Boeing Co. announced Sunday that it had reached a tentative agreement with unions representing about 33,000 workers in the Pacific Northwest, days before a strike scheduled for later this […]
Outraged heckler jeers NYC Mayor Eric Adams at Labor Day Parade over slew of fed probes on admin: ‘Come get him!’
During Saturday's Labor Day Parade, angry onlookers blasted Mayor Adams over a series of federal investigations into his administration, while Gov. Hockle and other politicians snubbed Mr. Hizzoner during the sparsely attended parade. “FBI, Mayor Adams is right there!” a female spectator yelled as the march crossed West 46th Street and Fifth Avenue. “He's here […]
Acting Labor Sec’y on Why Manufacturing Jobs Fell: They’re Up ‘Cumulatively’
In an interview with Bloomberg on Friday, Acting Labor Secretary Julie Su, when asked why manufacturing jobs are declining, said that manufacturing jobs have increased since the Biden-Harris administration took office, which she said is “part of our promise to make things in America again” and is “coming from real investment and a commitment to […]
Labor unions largely popular in US, but Americans divided on impact: Survey
a Recent Research Labor unions are widespread in the United States, but Americans are divided on how influential they are. According to a YouGov survey, Released on FridayAccording to the survey, 59 percent of Americans have a “very” or “somewhat” positive view of labor unions. Conversely, 26 percent say they have a “somewhat” or “very” […]