Latest Labor economy News

AP-NORC poll: Many youths say high school diploma is enough

Nov. 11, 2019 2:12 PM EST

Although most young Americans believe in the value of higher education, many still consider a high school diploma alone to be enough for success, according to a survey of teens and young adults by The Associated Press-NORC Center for Public Affairs Research. The findings alarm some experts who say young Americans...

Australia defeated party urged to keep strong climate policy

Nov. 7, 2019 2:47 AM EST

CANBERRA, Australia (AP) — An opposition review of the Australian conservative government's shock election win has urged the dispirited Labor Party to stick with strong policies on climate change. Senior Labor Party figures Craig Emerson and Jay Weatherill on Thursday released their report on the reasons...

US productivity falls for first time in nearly 4 years

Nov. 6, 2019 12:57 PM EST

WASHINGTON (AP) — American workers were less efficient in the July-September quarter, pushing down productivity for the first time since late 2015. With economic growth slowing, in part because the stimulus from Trump administration tax cuts is fading, many economists worry that worker productivity will...

Zimbabwe police stop protest march by civil servants

Nov. 6, 2019 9:11 AM EST

HARARE, Zimbabwe (AP) — Zimbabwe police Wednesday blocked government workers from marching to protest for better salaries, a day after dozens of public hospital doctors were fired for striking for more pay. Strikes have become frequent in the southern African country in recent weeks as the economy...

Asia stocks mixed on possible US-China trade snag

Nov. 5, 2019 11:47 PM EST

BEIJING (AP) — Asian stock markets were mixed Wednesday after investors were rattled by a possible snag in a U.S.-Chinese trade truce following reports Beijing wants Washington to life punitive tariffs. Shanghai and Sydney declined while Tokyo and Hong Kong advanced. Beijing wants 15% tariffs imposed in...

US job openings decline in September though remain healthy

Nov. 5, 2019 11:01 AM EST

WASHINGTON (AP) — U.S. employers advertised fewer open jobs in September compared with the previous month, but the number of available positions remains high by historic standards. The Labor Department said Tuesday that employers listed 7 million jobs, down from 7.3 million in August. Job openings peaked...

Germany's highest court curbs cuts to jobless benefits

Nov. 5, 2019 5:11 AM EST

BERLIN (AP) — Germany's highest court has limited how drastically authorities can cut benefits to jobless people who refuse to cooperate in seeking a new job. The Federal Constitutional Court's ruling Tuesday stemmed from a case in which an unemployed man had his benefits cut because he rejected a job...

Why Trump tariffs haven't revitalized American steelmakers

Nov. 4, 2019 12:40 PM EST

WASHINGTON (AP) — President Donald Trump's move last year to tax imported steel triggered jeers but also cheers. Its goal — to raise steel prices — threatened to hurt the legions of U.S. manufacturers that depend on steel. But at least it would benefit U.S. steel companies and the Americans...

Why Trump tariffs haven't revitalized American steelmakers

Nov. 4, 2019 12:20 PM EST

WASHINGTON (AP) — President Donald Trump's move last year to tax imported steel triggered jeers but also cheers. Its goal — to raise steel prices — threatened to hurt the legions of U.S. manufacturers that depend on steel. But at least it would benefit U.S. steel companies and the Americans...

Global markets rise amid hopes for trade talks, earnings

Nov. 4, 2019 7:05 AM EST

BEIJING (AP) — Global stock markets rose Monday on hopes for progress in trade talks between the United States and China and on the back of strong economic data. London and Frankfurt opened higher while Shanghai, Hong Kong and Seoul also rose. Japanese markets were closed for a holiday. Market sentiment...