Latest Labor economy News

Teacher shortage, protests complicate educator pay dynamics

Aug. 23, 2019 10:56 AM EDT

SALT LAKE CITY (AP) — First-grade teacher Hillary Madrigal jumped to a nearby school district last year, lured by higher salaries that would allow her to quit her second job as a housekeeper and buy a new car. "I have a college degree. I felt I could make a difference in people's lives as a teacher, but to...

AP-NORC poll: 62% disapprove of how Trump's handling his job

Aug. 22, 2019 2:56 PM EDT

NEW YORK (AP) — About 6 in 10 Americans disapprove of President Donald Trump's overall job performance, according to a new poll released Thursday by The Associated Press-NORC Center for Public Affairs Research, which finds some support for the president's handling of the U.S. economy but gives him weak...

Watchdog warns of 'alarming' conditions in Nebraska prison

Aug. 21, 2019 5:00 PM EDT

LINCOLN, Neb. (AP) — Nebraska's largest prison faces "alarming" conditions driven by staffing shortages, record overtime and inmates who are secretly using synthetic drugs and contraband cellphones, according to the state's watchdog for correctional services. The state's Inspector General of Corrections...

US has 501,000 fewer jobs than first reported

Aug. 21, 2019 12:47 PM EDT

WASHINGTON (AP) — The U.S. job market isn't quite as strong as originally believed — with revised figures showing that the economy had 501,000 fewer total jobs this March than initially reported. The Labor Department said Wednesday that nearly two-thirds of the downward revision came from the retail...

White House insists fundamentals of US economy 'very strong'

Aug. 20, 2019 11:56 AM EDT

WASHINGTON (AP) — The "fundamentals" of the U.S. economy are solid, the White House asserted, invoking an ill-fated political declaration of a decade ago amid mounting concern that a recession could imperil President Donald Trump's reelection. Exhibiting no such concern, senior adviser Kellyanne Conway...

Top US CEOs rethink the meaning of shareholder value

Aug. 19, 2019 8:49 PM EDT

The "shareholder comes first" has for years been the mantra of the Business Roundtable, a group that represents the most powerful CEOs in America and their thinking. The group's new principles on the role of a corporation released Monday imply a foundational shift, putting shareholders on more equal footing with...

Signs of recession worry Trump ahead of 2020

Aug. 17, 2019 6:29 AM EDT

WASHINGTON (AP) — President Donald Trump is warning of an economic crash if he loses reelection, arguing that even voters who personally dislike him should base their ballots on the nation's strong growth and low unemployment rate. But privately, Trump is growing increasingly worried the economy won't look...

California's 113-month job growth ties record set in 1960s

Aug. 16, 2019 6:11 PM EDT

SACRAMENTO, Calif. (AP) — California's job growth is now in its 113th month, tying the expansion of the 1960s as the longest on record as the world's fifth largest economy continues its recovery from the Great Recession, officials announced Friday. The country's most populous state needs between 8,000 and...

Trump ties US success to 2nd term: 'You have to vote for me'

Aug. 16, 2019 7:18 AM EDT

MANCHESTER, N.H. (AP) — President Donald Trump sought to reassure his supporters about the state of the U.S. economy despite the stock market volatility and told rallygoers in New Hampshire, a state that he hopes to capture in 2020, that their financial security depends on his reelection. "Whether you love...

US retail sales rise strongly in sign of consumer optimism

Aug. 15, 2019 10:41 AM EDT

WASHINGTON (AP) — Americans spent more at retail stores and restaurants in July, a sign that concerns over weakening economic growth and a persistent trade war that have roiled financial markets have yet to dampen consumer confidence. Retail sales rose a healthy 0.7% last month after a 0.3% gain in June,...