Latest Labor economy News

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...

Labor department launches website for unemployment insurance

Dec. 04, 2021 10:00 AM EST

PROVIDENCE, R.I. (AP) — Rhode Island's labor department is allowing people to apply for unemployment insurance online. The department said this week it's rolling out a new unemployment insurance platform, UI Online, to allow people to apply online and track their claim....

Stocks slump after murky jobs report as markets swing

Dec. 03, 2021 16:46 PM EST

A week of volatile swings on Wall Street ended Friday with more losses for stocks, as a mixed batch of U.S. job market data triggered another bout of dizzying trading. The S&P 500 closed 0.8% lower after erasing a 0.7% gain in the early going. The benchmark index was...

AP Source: NSO Group spyware used to hack State employees

Dec. 03, 2021 16:06 PM EST

WASHINGTON (AP) — The phones of 11 U.S. State Department employees were hacked with spyware from Israel's NSO Group, the world's most infamous hacker-for-hire company, a person familiar with the matter said Friday. The employees were all located in Uganda and included...

EXPLAINER: 5 key takeaways from the November jobs report

Dec. 03, 2021 15:49 PM EST

WASHINGTON (AP) — At first glance, the November jobs report was a sour one. U.S. employers added just 210,000 jobs. That was the lowest monthly gain since December — and not even half the total that economists had expected. It meant that hiring had decelerated even...

US jobless rate sinks to 4.2% as many more people find jobs

Dec. 03, 2021 14:38 PM EST

WASHINGTON (AP) — America's unemployment rate tumbled last month to its lowest point since the pandemic struck, even as employers appeared to slow their hiring — a mixed picture that pointed to a resilient economy that's putting more people to work. The government...

Growth in US service sector reaches new heights in November

Dec. 03, 2021 11:40 AM EST

WASHINGTON (AP) — Growth in the services sector, where most Americans work, hit an all-time high in November, overtaking a record that was set the previous month. The Institute for Supply Management reported Friday that its monthly survey of service industries...

US employers added a sluggish 210,000 jobs in November as economy contends with inflation and shortages

Dec. 03, 2021 08:43 AM EST
WASHINGTON (AP) — US employers added a sluggish 210,000 jobs in November as economy contends with inflation and shortages.

Australian opposition promises deeper emission reductions

Dec. 02, 2021 23:54 PM EST

CANBERRA, Australia (AP) — Australia would set a more ambitious target of reducing its greenhouse gas emissions by 43% by the end of the decade if the government changes hands in elections early next year, the opposition leader said on Friday. Center-left Labor Party...