Job openings, number of workers quitting drop in November
U.S. employers announced 8.8 million job openings in November, down slightly from October and the lowest number since March 2021. But despite rising interest rates, demand for workers remains strong by historical standards. The number of job openings fell from 8.9 million in October, according to a Wednesday report from the Labor Department. It was […]
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 […]
Job Openings Decline in Sign of Cooler Demand for Workers
The red-hot labor market that has warmed the economy in recent months showed signs of cooling in November, with employers hiring fewer positions, fewer workers retiring and fewer people hiring. According to the Bureau of Labor Statistics' monthly report on job openings and turnover survey (JOLTS), the number of job vacancies was 8.79 million as […]
Cheddar News furloughs workers days after being sold by Altice USA
Financial news channel Cheddar News reportedly laid off several staff members on Tuesday, days after the millennial-targeted network was sold to cable company Altice USA. “While we would have liked to have communicated more about this action, this decision has been necessitated by unforeseen internal and external factors that require rapid adjustments to our business […]
New York’s minimum-wage bump goes into effect — here’s how much Big Apple workers will be making
New Year's wasn't the only thing New York's minimum wage workers celebrated on Monday. That's because the drop of the ball began a series of salary increases that will take effect when the clock strikes midnight. The minimum wage in New York City, Long Island and Westchester County increased by $1, from $15 to $16. […]