Latest Labor economy News

FILE - Terence Blanchard poses for a portrait at the 91st Academy Awards Nominees Luncheon on Feb. 4, 2019, in Beverly Hills, Calif. The Metropolitan Opera will skip an entire season for the first time in its nearly 140-year history due to the novel coronavirus and intends to start the 2021-22 season with Terence Blanchard's

Met Opera skips this season, 1st Black composer opens '21-22

Sep. 23, 2020 5:38 PM EDT

NEW YORK (AP) — The Metropolitan Opera will skip an entire season for the first time in its nearly 140-year history and intends to return from the pandemic layoff next September with the company’s first presentation of a Black composer, Terence Blanchard’s “Fire Shut Up in My...

Federal Reserve Chair Jerome Powell testifies during a House Select Subcommittee on the Coronavirus Crisis hearing on Capitol Hill in Washington on Wednesday, Sept. 23, 2020. (Kevin Dietsch/Pool via AP)

Powell faces lawmakers' skepticism on some Fed aid programs

Sep. 23, 2020 1:54 PM EDT

WASHINGTON (AP) — Chairman Jerome Powell on Wednesday defended the Federal Reserve's efforts to support the economy during the pandemic-induced recession from assertions that its programs bungled aspects of its response. A House subcommittee released a staff analysis that found that a program in which the...

UN labor agency: Growing rich-poor gap amid COVID pandemic

Sep. 23, 2020 7:00 AM EDT

GENEVA (AP) — The U.N. labor agency warned Wednesday that the coronavirus pandemic has led to a massive drop in income for workers around the world and of rising inequality between rich countries that have injected government cash into their economies and poorer countries that can’t. In a report...

FILE - This Nov. 4, 2019, file photo shows cargo cranes at the Port of Tacoma in Tacoma, Wash. U.S lawmakers are pushing for a ban on exports from an area of northwest China following a report that found widespread use of forced labor. (AP Photo/Ted S. Warren, File)

Congress seeks to block goods from China over forced labor

Sep. 22, 2020 5:23 PM EDT

WASHINGTON (AP) — A bipartisan bill aimed at keeping goods out of the U.S. that are made with the forced labor of detained ethnic minorities in China passed overwhelmingly Tuesday in the House of Representatives despite concerns about the potential effects on global commerce. The House voted 406-3 to...

Federal Reserve Chair Jerome Powell testifies during a House Financial Services Committee hearing about the government’s emergency aid to the economy in response to the coronavirus on Capitol Hill in Washington on Tuesday, Sept. 22, 2020. (Caroline Brehman/Pool via AP)

Powell and Mnuchin voice optimism but back more economic aid

Sep. 22, 2020 1:13 PM EDT

WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell and Treasury Secretary Steven Mnuchin expressed cautious optimism Tuesday that the U.S. economy is rebounding from the pandemic-induced recession with federal support but that more help from the government is likely needed. Powell told the House...

FILE - In this Jan. 3, 2020 file photo, the Wall St. street sign is framed by American flags flying outside the New York Stock Exchange in New York.  Stocks are falling early on Wall Street Thursday, Sept. 17,  as the late selling from the previous day carries over.  (AP Photo/Mary Altaffer, File)

Soaring wealth during pandemic highlights rising inequality

Sep. 21, 2020 2:56 PM EDT

WASHINGTON (AP) — Americans' household wealth rebounded last quarter to a record high as the stock market quickly recovered from a pandemic-induced plunge in March. Yet the gains flowed mainly to the most affluent households even as tens of millions of people endured job losses and shrunken incomes. The...

The crescent moon sets behind the Commerzbank building in Frankfurt, Germany, late Saturday, Sept. 19, 2020. (AP Photo/Michael Probst)

Public sector strikes to hit Germany next week over wages

Sep. 20, 2020 9:44 AM EDT

BERLIN (AP) — Public sector workers in Germany will start staging short-term warning strikes after the latest round of wage negotiations failed to produce an agreement, their union said Sunday. The Ver.di union, which represents around 2.3 million federal and local employees, said strikes will start...

South Korean K-pop group BTS members salute to their national flag during a ceremony marking the National Youth Day at the presidential Blue House in Seoul, South Korea, Saturday, Sept. 19, 2020. (Lee Jin-wook/Yonhap via AP)

The Latest: South Korea's daily virus total drops slightly

Sep. 19, 2020 10:30 PM EDT

South Korea __ South Korea’s new coronavirus tally has fallen below 100 for the first time in more than a month, as the country’s recent viral resurgence is gradually easing. The Korea Disease Control and Prevention Agency said Sunday that the newly counted 82 cases took the country’s total...

Indian passengers queue up to test for COVID-19 at a facility erected at a railway station to screen people coming from outside the city, in Ahmedabad, India, Friday, Sept. 18, 2020. India's coronavirus cases jumped by another 96,424 in the past 24 hours, showing little sign of leveling. India is expected to have the highest number of confirmed cases within weeks, surpassing the United States, where more than 6.67 million people have been infected. (AP Photo/Ajit Solanki)

The Latest: U of Colorado shifting students for virus cases

Sep. 18, 2020 7:04 PM EDT

DENVER — The University of Colorado has forced some students to move out of their dorms to create more isolation housing for students with coronavirus infections as case numbers continue to increase at the Boulder campus. The Denver Post reported that the university said in an email to affected students...

FILE - In this July 18, 2020 file photo a closed sign hangs in the window of a barber shop in Burbank, Calif. California's unemployment rate has fallen to 11.4% in August. The Employment Development Department says the state added 101,900 jobs in August. Most of those were government jobs, including temporary positions for the U.S. Census. California lost more than 2.6 million jobs in March and April because of the coronavirus. (AP Photo/Marcio Jose Sanchez, File)

California jobless rate falls with help of temporary jobs

Sep. 18, 2020 4:28 PM EDT

SACRAMENTO, Calif. (AP) — A raft of temporary government jobs for the U.S. Census boosted California's economy in August as the state added 101,900 jobs as the unemployment rate fell below the high-water mark of the Great Recession for the first time since March. But experts warned that other indicators...