Latest Labor economy News

FILE- In this Oct. 24, 2017, file photo, the logo for 3M appears on a screen above the trading floor of the New York Stock Exchange. A profound slump in manufacturing and a trade war that has slowed economic growth in China has led to a second round of layoffs at 3M, the Minnesota company that, in addition to Post-it notes, makes industrial coatings and ceramics. (AP Photo/Richard Drew, File)

In grinding manufacturing slump, 3M cuts another 1,500 jobs

Jan. 28, 2020 4:39 PM EST

A profound slump in manufacturing and a trade war that has slowed economic growth in China has led to a second round of layoffs at 3M, the Minnesota company that makes Post-it notes as well as industrial coatings and ceramics. The 1,500 job cuts come on top of the 2,000 jobs the company trimmed less than a year...

In this Monday, Jan. 27, 2020 photo a passer-by walks near stoves, front, at a Home Depot store location, in Boston. On Tuesday, Jan. 28, the Conference Board reports on U.S. consumer confidence for January.  (AP Photo/Steven Senne)

US consumer confidence shows solid gain in January

Jan. 28, 2020 10:36 AM EST

WASHINGTON (AP) — U.S. consumer confidence showed a strong gain in January, bolstered by continued strength in the job market. The Conference Board said Tuesday that its consumer confidence index rose to a reading of 131.6 this month, up from 128.2 in December. Lynn Franco, senior director of economic...

Britain's Prime Minister Boris Johnson, center, visits the Department of Mathematics at King's Maths School, part of King's College London University, in London, Monday Jan. 27, 2020. (Daniel Leal-Olivas/Pool via AP)

Experts say UK should lower salary threshold for immigrants

Jan. 28, 2020 8:32 AM EST

LONDON (AP) — A panel of immigration experts says Britain should lower the salary threshold for immigrants after Brexit and urged the government to quickly set up new migration rules once the U.K. leaves the European Union. The Conservative government asked the Migration Advisory Committee to come up with...

President Donald Trump pauses as he walks with Israeli Prime Minister Benjamin Netanyahu to a meeting in the Oval Office of the White House, Monday, Jan. 27, 2020, in Washington. (AP Photo/ Evan Vucci)

Trump rally on Jersey shore shows loyalty beyond heartland

Jan. 27, 2020 3:05 PM EST

WILDWOOD, N.J. (AP) — President Donald Trump is holding his next rally in a county with almost no factory jobs to save, a reliance on immigrant workers and an economy built in part by coastal elites who summer there. Cape May County on the southern tip of New Jersey reflects just how much loyalty Trump...

FILE - In this Dec. 11, 2019, file photo Federal Reserve Chair Jerome Powell arrives to speak at a news conference after the Federal Open Market Committee meeting in Washington. For the first time in years, Federal Reserve officials will hold their latest policy meeting this week feeling broadly satisfied with where interest rates are and with seemingly no inclination to change them anytime soon. Powell has expressed a sense of gratification with Fed policy. (AP Photo/Jacquelyn Martin, File)

Fed seems content with low rates but confronts challenges

Jan. 27, 2020 11:28 AM EST

WASHINGTON (AP) — For the first time in years, Federal Reserve officials will hold their latest policy meeting this week feeling broadly satisfied with where interest rates are and with seemingly no inclination to change them anytime soon. Chairman Jerome Powell has expressed a sense of gratification with...

Survey of business economists finds slight rise in optimism

Jan. 27, 2020 12:02 AM EST

WASHINGTON (AP) — U.S. business economists are slightly more optimistic about economic growth than they were three months ago, and most foresee sales at their companies remaining solid. Those findings emerge from the latest survey by the National Association for Business Economics being released Monday. It...

FILE - In this Jan. 22, 2020, file photo, President Donald Trump leaves after a news conference at the World Economic Forum in Davos, Switzerland. It's been a week packed with rhetoric from President Donald Trump. This, as his Senate impeachment trial unfolded and the economic forum in Davos, Switzerland, played out. An AP Fact Check put his statements under scrutiny and found distortions on a range of topics. (AP Photo/Evan Vucci, File)

AP FACT CHECK: Trump's fusillade of misfires on fateful week

Jan. 25, 2020 3:21 PM EST

WASHINGTON (AP) — Abroad, at home and in Twitter's ether, President Donald Trump unleashed a fusillade of statements over the past week as the Senate impeachment trial unfolded and the Davos economic forum played out in Switzerland. On impeachment, the state of the country, abortion, pollution and more,...

FILE - This Oct. 16, 2019, file photo shows a sign at a General Motors facility in Langhorne, Pa. Fiat Chrysler is moving to dismiss a racketeering lawsuit filed by rival General Motors, denying allegations that it bribed union officials to impose higher labor costs on GM. In papers filed Friday, Jan. 24, 2020 with the federal court in Detroit, FCA argued that GM’s lawsuit is not based on facts. (AP Photo/Matt Rourke, File)

Fiat Chrysler denies union bribery allegations in GM lawsuit

Jan. 24, 2020 7:52 PM EST

DETROIT (AP) — Fiat Chrysler is moving to dismiss a racketeering lawsuit filed by rival General Motors, denying allegations that it bribed union officials to impose higher labor costs on GM. In papers filed Friday with the federal court in Detroit, FCA argued that GM’s lawsuit is not based on...

Tennessee ends 2019 with record low unemployment rate

Jan. 24, 2020 4:43 AM EST

NASHVILLE, Tenn. (AP) — Tennessee officials say unemployment rates continue to sear near record low levels. The state Department of Labor and Workforce Development announced Thursday that the unemployment rate for December 2019 remained 3.3% for the second consecutive month. The unemployment level was same...

Kosovo's President Hashim Thaci, right, and  U.S. ambassador to Germany Richard Grenell pose for a photograph, in Kosovo capital Pristina, Wednesday, Jan. 22, 2019. Grenell, who is U.S. President Donald Trump's special envoy for Serbia and Kosovo visited Kosovo in an effort to urge both countries to resume negotiations and reach a final reconciliation agreement. (AP Photo/Visar Kryeziu)

U.S. envoy urges Kosovo, Serbia turn eyes on economy, jobs

Jan. 22, 2020 4:17 PM EST

PRISTINA, Kosovo (AP) — U.S. President Donald Trump’s special envoy for talks between Balkan rivals Serbia and Kosovo was in Pristina on Wednesday in an effort to urge both countries to resume negotiations and reach a final reconciliation agreement. Richard Grenell, the U.S. ambassador to Germany,...