Pound Sterling falls on backfoot amid caution ahead of UK labor market data – FXStreet
share: Sterling fell as investors turned their attention to the UK jobs report. Weak wage growth data will soften the inflation outlook and raise expectations that the Bank of England will cut interest rates. Market volume remains thin in the US market as the weekend drags on. Pound Sterling (GBP) is facing a […]
Orthodox Jewish students used migrant labor for secret tunnel
Radical student groups in the ultra-Orthodox Hasidic sect secretly hired immigrant workers to help build a controversial tunnel into the sect's world headquarters in Crown Heights – all over the holy site. He did so to fulfill what he felt was a religious obligation to expand, the Post reported. Six rebels from the Chabad-Lubavitch Hasidic […]
Biden picks Julie Su again as labor secretary despite Dem opposition
President Biden on Tuesday nominated Julie Hsu to be labor secretary after she failed to receive a Senate confirmation vote in the previous Congress due to opposition from members of Biden's own party. Suh, who has served as acting labor secretary since March, was re-elected after his initial nomination stalled for 281 days, one of […]
Biden Admin Releases New Labor Rule Cracking Down On Independent Contractors
The Labor Department on Tuesday announced the final version of a rule that will force companies to recognize some workers as employees rather than independent contractors. The new rules go into effect on March 11 and rescind previous rules that established independent contractors as a separate class of workers under the Fair Labor Standards Act, […]
Michigan cosmetology school reaches $2.8M settlement in unpaid labor case
A judge has approved a $2.8 million settlement in a dispute over unpaid work by aspiring cosmetologists at a Michigan cosmetology school. Attorney John Philo said Monday that about 1,500 people who worked as students at the Douglas J. Aveda Institute, such as sweeping floors, washing towels and stocking shelves, will receive compensation. The Sugar […]
SpaceX sues to dismantle ‘unconstitutional’ US labor board after it accused company of illegally firing workers
Elon Musk's SpaceX turned the tables on the National Labor Relations Board. file a lawsuit On Thursday, it accused the agency of violating its structure. The lawsuit is aimed at blocking the NLRB's complaint Wednesday that SpaceX illegally fired several employees in retaliation, Blaze News previously reported. What is your background? In June 2022, eight […]
December jobs report may show ‘cooling trend’ in the labor market
FreedomWorks Senior Economist Steve Moore provides insight into the current state of the economy on How to Make Money. All eyes will be on the December jobs report, released Friday morning, as investors look for clues about the health of the labor market in the face of rising interest rates and persistently high inflation. A […]
Argentine court suspends labor changes in a blow to President Milei’s economic plan
BUENOS AIRES, Argentina (AP) – President Javier Millei announced Wednesday that a court will block changes to labor rules he recently announced as part of sweeping deregulation and austerity measures aimed at reviving Argentina's struggling economy. This resulted in a judicial blow. The three-judge court's decision came in response to a legal challenge brought by […]
National Labor Relations Board issues complaint against SpaceX
The National Labor Relations Board (NLRB) on Wednesday filed a complaint accusing Elon Musk's rocket company SpaceX of wrongfully firing eight former employees who drafted and distributed an open letter detailing workplace concerns. submitted. letter, Distribution in 2022, criticized Musk's actions and the sexual harassment allegations against him, arguing that they were negatively impacting the […]
SpaceX illegally fired workers critical of Elon Musk: labor agency
Rocket and satellite maker SpaceX on Wednesday illegally charged eight employees with distributing a letter that it said “distracted and embarrassed” founder and CEO Elon Musk. He was accused by the U.S. Department of Labor of dismissing him. Regional officials from the National Labor Relations Board believe that SpaceX violated workers' rights under federal labor […]