Latest Employment costs News

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...

FILE - In this July 18, 2019, file photo speaker of the House Nancy Pelosi, D-Calif., joins fellow Democrats and activists seeking better pay as the House approved legislation to raise the federal minimum wage for the first time in a decade _ to $15 an hour, at the Capitol in Washington. As of Jan. 1, 2020, there are higher minimum wages in a quarter of the states, and new federal overtime rules. (AP Photo/J. Scott Applewhite, File)

2020 brings higher labor costs for small businesses

Jan. 3, 2020 6:06 PM EST

NEW YORK (AP) — Small business owners have plenty of changes to deal with as 2020 begins — higher labor costs for many companies, and some owners will discover that they have to comply with new laws that aren’t on the books in their own states. As of Jan. 1, there are higher minimum wages in...

In this Nov. 4, 2019, file photo cargo cranes are used to take containers off of a Yang Ming Marine Transport Corporation boat at the Port of Tacoma in Tacoma, Wash. President Donald Trump says he “will make a decision very soon’’ about whether to impose tariffs on imported cars and auto parts. (AP Photo/Ted S. Warren, File)

US productivity edges down 0.2% in third quarter

Dec. 10, 2019 8:51 AM EST

WASHINGTON (AP) — U.S. productivity fell in the summer, the first decline in nearly four years, underscoring the struggles companies are facing in boosting worker efficiency. The Labor Department said Tuesday that productivity edged down at a seasonally adjusted annual rate of 0.2% in the July-September...

FILE - In this Feb. 14, 2019, file photo, the Fiat logo is mounted on a 2019 500 L on display at the 2019 Pittsburgh International Auto Show in Pittsburgh.  argainers for the United Auto Workers union and Fiat Chrysler are close to reaching a tentative deal on a new four-year contract, a person briefed on the matter said Saturday, Nov. 30.  The deal, which could be announced Saturday, includes a $9,000 signing bonus, a promise not to close any factories for the next four years and a commitment to keep making vehicles at a plant in Belvidere, Illinois, said the person, who spoke on condition of anonymity because the talks are confidential.  (AP Photo/Gene J. Puskar, File)

Fiat Chrysler, auto union reach tentative deal on contract

Nov. 30, 2019 12:53 PM EST

DETROIT (AP) — The United Auto Workers and Fiat Chrysler reached a tentative agreement Saturday on a new four-year contract, which includes a total of $9 billion in investments but still needs final approval from workers. Both sides declined to offer details on the deal, but it includes a $9,000 bonus for...