Latest Labor economy News
AP FACT CHECK: Trump's compulsive claims of 'biggest' ever
WASHINGTON (AP) — Size matters to President Donald Trump. So much that he exaggerates continually, sometimes spectacularly, the size of what he does. Just as his tax cuts are far from the biggest in history, the economy isn't the best ever and his election victory in 2016 was no landslide of historic...
Employers post fewer jobs in November
WASHINGTON (AP) — The number of available jobs fell sharply in November, dropping to 6.8 million, a decline of 7.6% from the October level. The Labor Department reported Friday that the job openings number for November was down by 561,000 from the October level of 7.36 million. Some economists took the big...
Kansas says it's better prepared now for aviation layoffs
Kansas Labor Secretary Delia Garcia said Thursday that the state is better prepared to respond to layoffs stemming from the grounding of the troubled Boeing 737 Max than it was during the Great Recession, when it had to borrow money to prop up its unemployment insurance trust fund. That fund now has about $1...
Labor Department limits news outlets' use of embargoed data
WASHINGTON (AP) — The Labor Department will begin restricting news organizations' use of economic data by barring computers from the rooms where reporters receive such data before its public release, department officials announced Thursday. The early access to embargoed data allows news services to prepare...
Nation's largest retail trade group: holiday sales rose 4.1%
NEW YORK (AP) — The nation's largest retail trade group says holiday sales increased 4.1%, the top end of its forecast. The National Retail Federation had expected growth in a range of 3.8% to 4.2% for the November and December period. The growth is nearly double the 2.1% growth seen during the holiday...
Think tank says UAW deals increased automakers' labor costs
DETROIT (AP) — New contracts between the United Auto Workers union and Detroit's three automakers substantially increased the cost gap between Detroit and foreign automakers with U.S. factories, an industry think tank says. The Center for Automotive Research calculated that General Motors and Ford will see...
AP FACT CHECK: Trump distorts data, Dems cut some corners
WASHINGTON (AP) — Rallying in swing-state Wisconsin, President Donald Trump used misleading economic data to claim he’s created a “blue collar boom" while Democrats vying to replace him cut some corners on the facts in their latest presidential debate. Here’s a look at some statements...
Rising energy costs lift US consumer prices 0.2% in December
WASHINGTON (AP) — Rising energy costs drove U.S. consumer prices higher in December, and American workers’ earnings couldn’t keep up. The Labor Department said Tuesday that its consumer price index rose 0.2% last month, lifted by a 2.8% increase in gasoline prices. Over the past year,...
New Boeing CEO inherits crisis created under his predecessor
Changing CEOs was the easy part. Now it's up to Boeing's new leader to deal with a crisis caused by two crashes and the grounding of the company's best-selling plane. David Calhoun took over Monday as Boeing's third CEO in the last five years, following the firing last month of Dennis Muilenburg. Calhoun will...
Global markets subdued ahead of US-China trade pact signing
BEIJING (AP) — Global stock markets were subdued Monday ahead of the signing of an interim U.S.-Chinese trade pact and as concerns about U.S.-Iranian tensions eased. Indexes in Europe were mixed after Shanghai, Hong Kong and South Korea finished higher. Japanese markets were closed for a holiday and...
LOADING MORE STORIES
