Latest Labor economy News

Fed’s Powell sees steady growth, signals pause in rate cuts

Nov. 13, 2019 4:27 PM EST

WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell said Wednesday that the Fed is likely to keep its benchmark short-term interest rate unchanged in the coming months, unless the economy shows signs of worsening. But for now, in testimony before a congressional panel, Powell expressed optimism about...

The Latest: Powell sees job participation as major problem

Nov. 13, 2019 12:09 PM EST

WASHINGTON (AP) — The Latest on Federal Reserve Chairman Jerome Powell’s testimony before the Joint Economic Committee about the outlook for the U.S. economy (all times local): ___ 11:55 a.m. Federal Reserve Chairman Jerome Powell says two major long-term issues facing the U.S. economy are sluggish...

Truckers file 1st suit contesting California gig economy law

Nov. 12, 2019 9:24 PM EST

SACRAMENTO, Calif. (AP) — The California Trucking Association on Tuesday filed what appears to be the first lawsuit challenging a sweeping new labor law that seeks to give wage and benefit protections to workers in the so-called gig economy, including rideshare drivers at companies such as Uber and Lyft....

First death reported in nationwide protests wracking Lebanon

Nov. 12, 2019 6:17 PM EST

BEIRUT (AP) — A local official for a Lebanese political party was shot dead by soldiers trying to open a road closed by protesters in southern Beirut late Tuesday, the army reported, marking the first death in 27 days of nationwide protests. An army statement said the man was shot in the Khaldeh...

Trump claims credit for economy, jobs in New York speech

Nov. 12, 2019 2:54 PM EST

NEW YORK (AP) — Despite a slowing economy, President Donald Trump declared Tuesday that the United States was enjoying a "boom the likes of which we have never seen before!" Trump told the Economic Club of New York that "we have delivered on our promises — and exceeded our expectations by a very...

Brazil launches job program amid mass unemployment

Nov. 11, 2019 7:43 PM EST

BRASILIA, Brazil (AP) — President Jair Bolsonaro launched a jobs program Monday largely based on tax reductions as Brazil struggles to put more than 12 million people back to work. The pension and labor secretary said the administration aims to create 1.8 million jobs for people ages 18-29 and almost 1...

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...