Latest Labor economy News

EU plan to boost gig economy workers is latest blow to apps

Dec. 09, 2021 09:13 AM EST

LONDON (AP) — A European Union plan to improve conditions for the growing number of gig economy workers could mean millions more of them are classified as employees entitled to benefits, the latest setback for digital platforms that rely on independent contractors to deliver food and offer rides....

US jobless claims drop 52-year low amid seasonal volatility

Dec. 09, 2021 08:59 AM EST

WASHINGTON (AP) — The number of Americans applying for unemployment benefits plunged last week to the lowest level in 52 years, more evidence that the U.S. job market is recovering from last year's coronavirus recession. Unemployment claims dropped by 43,000 to 184,000 last week,...

Kroger e-commerce warehouse, nearly 700 jobs coming to NC

Dec. 08, 2021 17:01 PM EST

CONCORD, N.C. (AP) — The Kroger Co. plans to build a high-tech warehouse in central North Carolina designed to carry out delivery orders for its customers in the growing e-commerce market, creating nearly 700 jobs over five years, Gov. Roy Cooper announced on Wednesday. The...

Editorial Roundup: Minnesota

Dec. 08, 2021 13:19 PM EST

Minneapolis Star Tribune. December 1, 2021. Editorial: Biden brings good news to Minnesota Infrastructure investments will yield generational benefits. Minnesota stands to benefit from the recently passed, bipartisan infrastructure bill in a way that...

Recovery yields more tax revenue than anticipated in Nevada

Dec. 08, 2021 12:46 PM EST

CARSON CITY, Nev. (AP) — Nevada’s economy is rebounding more quickly than in some past recessions, but coronavirus variants continue to raise questions about the state’s path toward full recovery. The five-member panel responsible for economic forecasts on Tuesday said the...

US businesses advertised near-record 11 million open jobs

Dec. 08, 2021 11:37 AM EST

WASHINGTON (AP) — U.S. employers posted 11 million open jobs in October, nearly matching a record high reached in July and a sign that companies were confident enough in the economy to expand. The government report Wednesday also showed that the number of people quitting their...

Noem proposes big salary raises, over $1B in projects

Dec. 07, 2021 19:30 PM EST

SIOUX FALLS, S.D. (AP) — South Dakota Gov. Kristi Noem laid out a plan Tuesday to spend an unprecedented amount of money in raises for state employees, teachers and health care providers, as well as boost infrastructure projects as the state receives billions in federal pandemic relief and sees...

Audit: Colorado paid $73 million in bogus unemployment aid

Dec. 06, 2021 17:45 PM EST

DENVER (AP) — A state audit has found that Colorado likely or potentially paid $73.1 million in fraudulent unemployment claims during the coronavirus pandemic's first year, including $3.9 million on behalf of dead people and $5 million on behalf of people who were unqualified because they were...

Survey: Business economists foresee persistent inflation

Dec. 06, 2021 00:07 AM EST

WASHINGTON (AP) — The nation's business economists have sharply raised their forecasts for inflation, predicting an extension of the price spikes that have resulted in large part from bottlenecked supply chains. A survey released Monday by the National Association for...

Asian shares mixed after China Evergrande warns of cash woes

Dec. 05, 2021 23:54 PM EST

BANGKOK (AP) — Shares were mixed in Asia on Monday after troubled Chinese property developer Evergrande warned late Friday it may run out of money. Hong Kong dropped 1.2% but the Shanghai Composite index rose. South Korea’s benchmark advanced but Tokyo and Sydney...