Latest Labor economy News

A woman with a child casts her ballot at a polling station during the second round of a parliamentary election in Vilnius, Lithuania, Sunday, Oct. 25, 2020. Polls opened Sunday for the run-off of national election in Lithuania, where the vote is expected to bring about a change of government following the first round, held on Oct. 11, which gave the three opposition, center-right parties a combined lead. (AP Photo/Mindaugas Kulbis)

Lithuania holds parliamentary vote as pandemic hits jobs

Oct. 25, 2020 10:01 AM EDT

VILNIUS, Lithuania (AP) — Lithuanians voted Sunday in a parliamentary runoff where the winner will have to tackle a growing health crisis and high unemployment due to the coronavirus pandemic. The election is widely expected to bring a change of leadership for the southernmost Baltic nation, which has...

Democratic presidential candidate former Vice President Joe Biden speaks during the second and final presidential debate Thursday, Oct. 22, 2020, at Belmont University in Nashville, Tenn., with President Donald Trump. (AP Photo/Julio Cortez)

Biden calls for 'transition' from oil, GOP sees opening

Oct. 23, 2020 3:20 PM EDT

Democrat Joe Biden's remark that he would “transition” away from oil in the U.S. in favor of renewable energy drew quick attention Thursday night from President Donald Trump, who saw it as a boon to his election chances in key states. “I would transition away from the oil industry, yes,"...

People shop for clothing at the used-clothes market in Baghdad, Iraq, Tuesday, Oct. 20, 2020.  Iraq is in the throes of an unprecedented liquidity crisis, as the cash-strapped state wrestles to pay public sector salaries and import essential goods while oil prices remain dangerously low. (AP Photo/Khalid Mohammed)

Bloated public salaries at heart of Iraq's economic woes

Oct. 23, 2020 1:55 PM EDT

BAGHDAD (AP) — Long-time Iraqi civil servant Qusay Abdul-Amma panicked when his monthly salary was delayed. Days of waiting turned to weeks. He defaulted on rent and other bills. A graphic designer for the Health Ministry, he uses about half his salary to pay his rent of nearly 450,000 Iraqi dinars a...

A currency trader watches monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Friday, Oct. 23, 2020. Shares were mostly higher in Asia on Friday after President Donald Trump and his challenger former Vice President Joe Biden faced off in their second and final debate before the Nov. 3 election. (AP Photo/Ahn Young-joon)

Asian shares, US futures gain after last Trump-Biden debate

Oct. 23, 2020 1:50 AM EDT

Shares were mostly higher in Asia on Friday after President Donald Trump and his challenger former Vice President Joe Biden faced off in their second and final debate before the Nov. 3 election. Stocks rose in Tokyo, Hong Kong and Seoul but fell in Shanghai. Sydney's benchmark ended flat. In their debate late...

FILE - In this Jan. 12, 2016, file photo, a ride share car displays Lyft and Uber stickers on its front windshield in downtown Los Angeles. A California appeals court has upheld an order requiring Uber and Lyft to treat their California drivers as employees instead of independent contractors, less than two weeks before voters will be asked to exempt the ride-hailing giants from the state's gig economy law. The decision on Thursday, Oct. 22, 2020, won't have any immediate impact because it doesn't take effect for at least 30 days, well after the Nov. 3 vote on Proposition 22. (AP Photo/Richard Vogel, File)

California court says Uber, Lyft drivers are employees

Oct. 22, 2020 10:13 PM EDT

SAN FRANCISCO (AP) — A California appeals court on Thursday upheld an order requiring Uber and Lyft to treat their California drivers as employees instead of independent contractors, less than two weeks before voters will be asked to exempt the ride-hailing giants from the state's gig economy law. The...

Members of the public walk through central Manchester, England, Thursday Oct. 22, 2020, as strict coronavirus restrictions on England's second-largest urban area, Greater Manchester, will start at midnight. (AP Photo/Jon Super)

UK boosts business aid amid pressure to ease virus impact

Oct. 22, 2020 5:46 PM EDT

LONDON (AP) — U.K. Treasury chief Rishi Sunak is increasing subsidies for bars, pubs and restaurants hammered by strict new measures to slow the spread of COVID-19, amid criticism that the government has failed to protect small businesses and workers from the economic hardship caused by the pandemic. The...

FILE - In this June 11, 2020, file photo, information signs are displayed at the closed Illinois Department of Employment Security WorkNet center in Arlington Heights, Ill. U.S. employers advertised for slightly fewer jobs in August while their hiring ticked up modestly. The Labor Department said Tuesday, Oct. 6, 2020, that the number of U.S. job postings on the last day of August dipped to 6.49 million, down from 6.70 million July. (AP Photo/Nam Y. Huh, File)

US jobless claims drop to 787,000, but layoffs remain high

Oct. 22, 2020 12:40 PM EDT

WASHINGTON (AP) — The number of laid-off Americans seeking unemployment benefits fell last week to 787,000, a sign that job losses may have eased slightly but are still running at historically high levels. Last week's figure was down from 842,000 the previous week, the Labor Department said Thursday. The...

US jobless claims drop to 787,000, though layoffs remain high 7 months after virus struck economy

Oct. 22, 2020 8:32 AM EDT
WASHINGTON (AP) — US jobless claims drop to 787,000, though layoffs remain high 7 months after virus struck economy.
A health officer collecting swab samples from rail commuters to test for COVID-19 drinks water during a break at a railway station in Colombo, Sri Lanka, Monday, Oct. 12, 2020. (AP Photo/Eranga Jayawardena)

The Latest: Sri Lanka orders more curfews over virus cluster

Oct. 21, 2020 11:49 PM EDT

COLOMBO, Sri Lanka — Authorities in Sri Lanka have closed the country’s main fish market and widened the curfew in many parts of the island nation following a surge of coronavirus infections related to a new cluster centered on a garment factory. The government imposed a curfew Thursday in parts of...

An ambulance brings a COVID-19 patient to a specialized hospital in Warsaw, Poland, Tuesday, Oct. 20, 2020. Poland is seeing a sharp spike in new cases daily of coronavirus infections, filling up hospital beds. Poland's government is transforming the National Stadium in Warsaw into a field hospital to handle the surging number of people infected with the coronavirus, and expects it to be operational within days, officials said. (AP Photo/Czarek Sokolowski)

Poland faces restriction upgrade, but no lockdown, PM says

Oct. 21, 2020 3:47 PM EDT

WARSAW, Poland (AP) — Poland’s prime minister signaled Wednesday that the whole country faces being placed on the highest restriction level short of a full lockdown, as health authorities registered a record in new confirmed COVID-19 infections. Mateusz Morawiecki said he would like the current "red...