Latest Labor economy News

Q&A: Does a manufacturing slump threaten the US economy?

Dec. 7, 2019 10:52 AM EST

WASHINGTON (AP) — Defying fears and predictions, the U.S. economy is still shrugging off President Donald Trump’s trade conflicts. Employers added a sizzling 266,000 jobs in November, and unemployment matched a 50-year low of 3.5% — all while the Trump administration is waging a bruising...

US firms keep hiring, easing worries of weakening economy

Dec. 6, 2019 5:45 PM EST

WASHINGTON (AP) — American businesses have complained for years that they can’t find the workers they need to fill available jobs. November’s robust hiring gain suggests that at least some have found a way to do so. With the unemployment rate now at a half-century low of 3.5%, many economists...

S&P notches weekly gain as jobs growth blows past forecasts

Dec. 6, 2019 5:38 PM EST

A surprisingly strong U.S. jobs report put investors in a buying mood Friday, driving stocks on Wall Street broadly higher and extending the market’s winning streak to a third day. The rally pushed the Dow Jones Industrial Average up by more than 300 points and erased the S&P 500's losses from earlier...

Markets Right Now: Hiring gains send stock indexes higher

Dec. 6, 2019 4:12 PM EST

NEW YORK (AP) — The latest on developments in financial markets (all times local): 4 p.m. Major stock indexes are ending a choppy week with solid gains after the government reported that hiring in the U.S. jumped last month to the highest level since January. Companies that stand to benefit the most from a...

Stocks advance as investors eyes jobs report, trade talks

Dec. 6, 2019 8:05 AM EST

BANGKOK (AP) — Global shares rose Friday as investors awaited what's expected to be a healthy U.S. jobs report, while monitoring the China-U.S. trade talks as more tariffs are due to go into effect this month. One sign that talks between the world's two biggest economies could be thawing came Friday when...

US jobs data to give clues to economy amid trade uncertainty

Dec. 6, 2019 7:57 AM EST

WASHINGTON (AP) — Friday’s November jobs report will provide insight into whether steady hiring remains a source of strength for the U.S. economy even as the Trump administration’s trade conflicts have heightened uncertainties for employers. Economists have forecast that the government will...

France’s Macron faces decisive test over economic policies

Dec. 6, 2019 6:29 AM EST

PARIS (AP) — Massive strikes against a planned overhaul of the pension system are sending a powerful warning to French President Emmanuel Macron. Half-way through his term, the 41-year-old centrist is still determined to push through the reform and keep remodeling the French economy. Macron is facing a...

Asian shares advance after meager gains on Wall Street

Dec. 5, 2019 11:22 PM EST

BANGKOK (AP) — Shares swung higher in Asia on Friday after a wobbly day of trading on Wall Street as investors awaited a U.S. government jobs report and kept an eye out for developments in China-U.S. trade talks. Hong Kong’s Hang Seng rose 0.7% to 26,401.47, while the Nikkei 225 in Japan picked up...

Michigan victims wrongly accused of fraud win again in court

Dec. 5, 2019 6:07 PM EST

LANSING, Mich. (AP) — Residents who were falsely accused of defrauding Michigan's unemployment benefits system won another victory Thursday when the state appeals court ruled 3-0 that their lawsuit seeking financial damages should proceed. The Michigan Supreme Court decided in April to allow the affected...

Klobuchar returns to Iowa with plan for a changing economy

Dec. 5, 2019 6:33 AM EST

CHICAGO (AP) — Democratic presidential candidate Amy Klobuchar on Thursday rolled out a plan to help Americans succeed in a changing economy, as she returns to Iowa looking to quickly build support with weeks to go before the first votes are cast for the party's 2020 nomination. The Minnesota senator's...