Latest Labor economy News

President Donald Trump speaks at a campaign rally Friday, Oct. 30, 2020, in Rochester, Minn. (AP Photo/Bruce Kluckhohn)

Expect a lot more of the same if Trump wins a second term

Oct. 31, 2020 12:18 PM EDT

Expect to see a lot more of the same if there's a second Trump administration. President Donald Trump has consistently pointed to tax cuts and regulatory relief as key successes of his first four years in office. He has repeatedly pushed for the end of the Obama-era health law but has yet to deliver a plan to...

Kinoy Miller prepares food at the Love Life Cafe Thursday, Oct. 29, 2020, in the Wynwood neighborhood of Miami. Florida voters decide Tuesday whether to raise the state's minimum wage to $15 an hour over six years, which advocates say will benefit hundreds of thousands of workers in the Sunshine State's service-heavy economy but which opponents say will stifle industry growth. (AP Photo/Lynne Sladky)

In service-heavy Florida, minimum wage boost is on ballot

Oct. 31, 2020 9:50 AM EDT

ORLANDO, Fla. (AP) — Joseph Gourgue wishes he could help out his children and grandchildren financially, but his $9 an hour wage as a wheelchair attendant at Orlando International Airport doesn't let him. Gourgue, 61, is hoping a gradual increase in Florida's minimum wage paves the way for him to be able...

FILE - In this Nov. 6, 2013, file photo Sharon Hilliard speaks during an Assembly Insurance Committee hearing at the state Capitol in Sacramento, Calif. Employment Development Department Director Hilliard announced Friday, Oct. 30, 2020, that she will retire at the end of the year. Hilliard, who has worked in state government for nearly 40 years, has led the department through the coronavirus pandemic, which saw an unprecedented number of people file for unemployment benefits. The agency has struggled to weed out fraud while keeping up with demand, leading to a backlog of more than 1 million cases. (AP Photo/Genevieve Ross, File)

California unemployment chief to retire amid claims backlog

Oct. 30, 2020 9:09 PM EDT

SACRAMENTO, Calif. (AP) — The director of California's unemployment benefits department said Friday she will retire at the end of the year following an explosion of more than 15 million claims that overwhelmed the agency and resulted in months of frustrating delays for people who lost their jobs because of...

A passer-by walks past a store closing sign, right, in the window of a department store, Tuesday, Oct. 27, 2020, in Boston.  Americans may feel whiplashed by a report Thursday, Oct. 29,  on the economy's growth this summer, when an explosive rebound followed an epic collapse.  The government will likely estimate that the economy grew faster on an annualized basis last quarter than in any such period since record-keeping began in 1947.(AP Photo/Steven Senne)

US consumer spending rose a moderate 1.4% in September

Oct. 30, 2020 1:54 PM EDT

WASHINGTON (AP) — U.S. consumers increased their spending by 1.4% in September, a modest gain but far less than the big increases of late spring, adding to concerns that Americans remain cautious with the viral pandemic resurging across the country and impeding the economy. The September gain marked the...

Foxconn objects to Wisconsin's denial of tax credits

Oct. 30, 2020 12:54 PM EDT

MADISON, Wis. (AP) — Foxconn Technology Group notified the state of Wisconsin on Friday that it objects to the state's denial of job-creation tax credits. The Wisconsin Economic Development Corp. earlier this month said Foxconn did not qualify for tax breaks based on capital investments and hiring done in...

FILE - In this July 12, 2020, file photo, a waiter wears a protective face mask and gloves while working at the il bolognese restaurant along Ocean Drive during the coronavirus pandemic, in Miami Beach, Fla.  Wages and benefits for U.S. workers rose at the slowest pace in three years in the April-June quarter, a sign that businesses are holding back on pay as well as cutting jobs in the coronavirus recession.   (AP Photo/Lynne Sladky, File)

US wages and benefits grow at sluggish pace amid pandemic

Oct. 30, 2020 9:31 AM EDT

WASHINGTON (AP) — Wages and benefits for U.S. workers grew slowly this summer as employers sought to hold the line on pay gains in the midst of the pandemic. U.S. workers’ total compensation rose 0.5% in the July-September quarter, the second straight quarter of slower growth in wages, the Labor...

Global travel and tourism projected to shed 174 million jobs

Oct. 30, 2020 8:41 AM EDT

LONDON (AP) — The global travel and tourism industry is on course to lose 174 million jobs this year if current restrictions to curb the spread of the coronavirus remain in place, a leading industry group warned Friday. While alarming, the projection from the World Travel & Tourism Council was lower...

FILE - In this Oct. 12, 2020 file photo, signs showing anti-coronavirus guidance measures are displayed in the Dispensary pub in Liverpool, England. Hundreds of thousands of jobs in Britain hang in the balance as employers try to plot their way through a resurgence of the coronavirus without the backstop of a national salary support program. (AP Photo/Jon Super, file)

UK jobs market at crossroads as key support program ends

Oct. 30, 2020 7:16 AM EDT

LONDON (AP) — Hundreds of thousands of jobs hang in the balance as coronavirus cases surge in Britain and the government scales back its support for workers. Through the pandemic, a generous government salary support scheme kept unemployment in check, but it ends Saturday. It will be replaced by a less...

Gun parts maker plans Tennessee facility with 110 new jobs

Oct. 30, 2020 4:35 AM EDT

NASHVILLE, Tenn. (AP) — A company that makes handgun accessories and parts plans to invest $7 million in a new Tennessee headquarters, which is expected to create 110 new jobs. The state Department of Economic and Community Development says GS Performance LLC will relocate its headquarters, manufacturing...

A currency trader walks by screens showing the foreign exchange rates and the Korean Securities Dealers Automated Quotations (KOSDAQ) at the foreign exchange dealing room in Seoul, South Korea, Friday, Oct. 30, 2020. Asian stocks sank Friday as investors looked ahead to next week's U.S. presidential election and weighed the chances of economic stimulus from Washington and Europe.(AP Photo/Lee Jin-man)

Asian shares fall back after Wall Street rebound

Oct. 29, 2020 11:36 PM EDT

BEIJING (AP) — Asian stocks sank Friday as investors looked ahead to next week's U.S. presidential election and weighed the chances of economic stimulus from Washington and Europe. Benchmarks in Tokyo, Hong Kong and Seoul all retreated. Shanghai swung between gains and losses. Investors have been dismayed...