Latest Labor economy News

Stocks shake off a wobbly start, end higher on Wall Street

Aug. 03, 2021 17:02 PM EDT

Technology and health care companies led a broad rally on Wall Street Tuesday that helped stocks overcome a wobbly start and recoup their losses from a day earlier. The S&P 500 rose 0.8% after having been down 0.3% in the early going. The gain inched the benchmark...

This Week: Construction spending, GM earns, nonfarm payrolls

Aug. 02, 2021 01:11 AM EDT

A look at some of the key business events and economic indicators upcoming this week: EYE ON CONSTRUCTION Economists project that spending on construction projects increased nationally in June after falling the previous month. ...

US consumers boost spending 1% as inflation remains high

Jul. 30, 2021 11:18 AM EDT

WASHINGTON (AP) — American consumers increased their spending by 1% in June — a dose of energy for an economy that is quickly rebounding from the pandemic recession but is facing new risks led by the delta variant of the coronavirus. At the same time, a key inflation...

Worker pay rises strongly as businesses fight to fill jobs

Jul. 30, 2021 09:46 AM EDT

WASHINGTON (AP) — Wages and salaries rose at a healthy pace in the three months ended in June as employers competed to find enough workers to fill millions of available jobs. Pay increased 1% in the second quarter for workers in the private sector, the Labor Department...

Deliveroo eyes Spain exit amid legal changes for its workers

Jul. 30, 2021 07:02 AM EDT

MADRID (AP) — Food delivery platform Deliveroo says it is considering shuttering its operations in Spain, ahead of a deadline to comply with a new law that requires it to hire workers who are freelancing for the company. Deliveroo's announcement Friday came as the...

Biden push to vaccinate feds forces uncomfortable questions

Jul. 30, 2021 00:28 AM EDT

WASHINGTON (AP) — President Joe Biden’s requirement for federal workers to reveal their COVID-19 vaccination status is likely to force uncomfortable questions not only at government agencies but at private companies as well. Right now, there's a lack of clear answers....

Connecticut minimum wage increases to $13 an hour on Sunday

Jul. 29, 2021 15:28 PM EDT

HARTFORD, Conn. (AP) — Minimum wage earners in Connecticut are poised to get a raise. Beginning Sunday, the state's current $12 an hour rate will increase to $13 an hour. It's the latest step toward gradually increasing the rate to $15 an hour. The...

South Carolina unemployment claims continue to drop

Jul. 29, 2021 14:48 PM EDT

COLUMBIA, S.C. (AP) — First-time claims for unemployment benefits are continuing the drop, South Carolina officials said. The South Carolina Department of Employment and Workforce reported a total of fewer than 1,500 first-time claims for the week ending Saturday. That...

Louisiana turning off federal unemployment aid Saturday

Jul. 29, 2021 12:29 PM EDT

BATON ROUGE, La. (AP) — Louisiana is ending federal pandemic unemployment aid for its residents Saturday, booting nearly 200,000 people off benefits and cutting the payments to thousands more in the middle of a worsening COVID-19 surge across the state. Louisiana...

Lawsuit filed over Lee dropping federal unemployment aid

Jul. 29, 2021 11:54 AM EDT

NASHVILLE, Tenn. (AP) — Seven unemployed Tennessee residents have filed a lawsuit over Gov. Bill Lee's decision to opt out of the federal unemployment benefits programs earlier this year. They said in a federal complaint filed this week against Lee and Department of...