Labor market nearing pre-pandemic conditions, Fed report says
Olu Omodunbi, chief economist at Huntington Private Bank, told Craman Countdown that the jobs report points to a slowdown in the labor market. of Federal Reserve The U.S. labor market has returned to the “tight but not overheated” conditions it was in before the coronavirus pandemic threw the economy into turmoil, the Treasury Secretary said […]
Biden's labor secretary laughs off 25th Amendment question
Acting Labor Secretary Julie Su, in an interview with Fox News after Friday’s latest jobs report, laughed off a question about whether members of President Biden’s Cabinet had invoked the 25th Amendment to the Constitution. “Have there been any discussions among your Cabinet colleagues about invoking the 25th Amendment?” Fox Business’ Edward Lawrence asked Su […]
‘The Labor Market Is Supported by Government Payrolls’
Good news in a vacuum The U.S. economy added 206,000 new jobs in June, and even the left and mainstream media were quick to acknowledge that. The overall numbers weren’t that great.. The Bureau of Labor Statistics announced on Friday that nonfarm payrolls rose more than forecasters expected in June. On the surface, this sounds […]
Labor market keeps cooling as applications for unemployment benefits rise
While new claims for unemployment benefits rose last week, the number of unemployed people rose further toward the end of June to a 2-1/2-year high, reflecting a gradual cooling in the labor market. Weakening labor market momentum and fading inflationary pressures are likely to lead the Federal Reserve to begin cutting interest rates later this […]
The Australian senator dividing the ruling Labor party over Palestinian statehood | Australia news
aAn Australian senator has accused colleagues of intimidation after he was expelled from the ruling Labor caucus after voting in favour of a motion to recognise the state of Palestine. Afghanistan-born Fatima Peyman, an outspoken opponent of the Gaza war and champion of the Palestinian cause, ignored her party’s decision to oppose the Greens’ motion […]
California Mayor Says He’s ‘Living The Dream’ Visiting Chinese Region Tied To Slave Labor, ‘Genocide’
“I’m dreaming,” the California mayor said during a visit to an area in China allegedly linked to slave labor practices and human rights abuses. Dr. Paul Courtney, Mayor of Barstow, California, expressed his excitement to be participating in the 8th China Eurasia Expo, which began in Xinjiang, China last week, saying: media He said he […]
The ‘Great Hesitation:’ Fewer Americans are switching jobs lately as labor market cools
Crossmark Global Investments’ Chief Market Strategist Victoria Fernandez analyzes the state of the consumer ahead of the “money grabs” FOMC meeting in June. Over the past few years, tens of millions of Americans have switched jobs, lured by big pay raises and abundant job opportunities, a trend economists have dubbed “the Great Quitting.” But as […]
Amazon labor union votes to join Teamsters
Amid rising labor activism after soaring inflation, unionized Amazon workers voted by a staggering 98.3 percent to join the Teamsters. The newly chartered ALU-International Teamsters Fraternal Union (IBT) Local 1 will represent about 5,500 warehouse workers at an Amazon facility in Staten Island, New York, the Teamsters announced Tuesday. “The Teamsters and ALU will fight […]
Michigan worker pushes back against labor union membership
Four months after Michigan repealed its right-to-work law, a growing number of workers are filing lawsuits against employers for trying to force them to join a union. Right-to-work laws ensure that employees cannot lose their jobs for refusing to join a union. Even without these laws, the U.S. Supreme Court in Janus v. AFSCME (2018) […]
Labor market lies: Full-time jobs collapse, part-time work surges
This is not your grandfather’s labor market. On paper, we just ended a 27-month streak with the unemployment rate below 4 percent, longer than some of the years of the post-World War II economic boom. But in the real world, the streak of job growth was an illusion. In fact, we were in a labor […]