Latest Labor economy News

In this Jan. 15, 2020, photo, President Donald Trump hands a pen to Chinese Vice Premier Liu He after signing

AP FACT CHECK: Trump's compulsive claims of 'biggest' ever

Jan. 18, 2020 8:11 AM EST

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...

FILE - In this Nov. 6, 2019, file photo, a sign advertises job opportunities at Harry's Pizzeria in the Coconut Grove neighborhood in Miami. On Friday, Jan. 17, 2020, the Labor Department reports on job openings and labor turnover for November. (AP Photo/Lynne Sladky, File)

Employers post fewer jobs in November

Jan. 17, 2020 11:32 AM EST

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...

ARCHIVO - En imagen de archivo del 3 de octubre de 2019, los fuselajes del Boeing 737 MAX, fabricados por Spirit Aerosystems en Wichita, Kansas, se encuentran cubiertos pr lonas cerca de la fábrica. (Travis Heying/The Wichita Eagle vía AP, archivo)

Kansas says it's better prepared now for aviation layoffs

Jan. 16, 2020 6:31 PM EST

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...

FILE - In this Nov. 15, 2019, file photo a microphone stands at the entrance to a secure area during a closed-door interview with David Holmes, a career diplomat and the political counselor at the U.S. Embassy in Kyiv, Ukraine, on Capitol Hill in Washington. 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, Jan. 16, 2020. (AP Photo/Jose Luis Magana, File)

Labor Department limits news outlets' use of embargoed data

Jan. 16, 2020 5:08 PM EST

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...

FILE - In this Nov. 27, 2019, file photo Robin Hazal shops at a Kohl's ahead of Black Friday in Las Vegas. The nation's largest retail trade group said Thursday, Jan. 16, 2020, that holiday sales increased 4.1%, near the top end of its forecast. (AP Photo/John Locher)

Nation's largest retail trade group: holiday sales rose 4.1%

Jan. 16, 2020 12:32 PM EST

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

Jan. 15, 2020 3:40 PM EST

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...

President Donald Trump speaks at a campaign rally Tuesday, Jan. 14, 2020, in Milwaukee. (AP Photo/Jeffrey Phelps)

AP FACT CHECK: Trump distorts data, Dems cut some corners

Jan. 14, 2020 11:49 PM EST

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...

FILE - In this Sept. 17, 2019, file  photo, a sign outside a gas station displays current prices for fuel in Orlando, Fla. The Labor Department said Tuesday, Jan. 14, 2020, that its consumer price index rose 0.2% last month, lifted by a 2.8% increase in gasoline prices. (AP Photo/John Raoux, File)

Rising energy costs lift US consumer prices 0.2% in December

Jan. 14, 2020 1:29 PM EST

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,...

FILE - In this Jan. 26, 2011 file photo, Nielsen Company CEO David Calhoun, center, watches progress as he waits for the company's IPO to begin trading, on the floor of the New York Stock Exchange. Calhoun took over Monday, Jan. 13, 2020, as Boeing's third CEO in the last five years, following the firing last month of Dennis Muilenburg. (AP Photo/Richard Drew, File)

New Boeing CEO inherits crisis created under his predecessor

Jan. 13, 2020 7:57 PM EST

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...

A currency trader walks by the screen showing the Korea Composite Stock Price Index (KOSPI) at the foreign exchange dealing room in Seoul, South Korea, Monday, Jan. 13, 2020. Asian stocks have risen as investors shrug off weaker-than-expected American jobs data and look ahead to the signing of a U.S.-China trade deal. Benchmarks in Shanghai, Hong Kong and Southeast Asia all advanced. (AP Photo/Lee Jin-man)

Global markets subdued ahead of US-China trade pact signing

Jan. 13, 2020 7:33 AM EST

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...