Latest Labor economy News

Iowa Democrats worry 'Medicare for All' hurts key industry

Dec. 14, 2019 2:49 PM EST

DES MOINES, Iowa (AP) — Kim Motl doesn’t work in the health insurance industry. But her friends and neighbors do. So when she saw Sen. Elizabeth Warren recently in Fort Dodge, Iowa, Motl pressed the Democratic presidential candidate about her “Medicare for All” plan, which would...

AP FACT CHECK: Trump's impeachment rage, Bloomberg on coal

Dec. 14, 2019 9:56 AM EST

WASHINGTON (AP) — As near-certain impeachment closes in on him, President Donald Trump raged at his accusers, the Democrats. In the process, he offered a highly selective account of the testimony of a damning witness and misrepresented the facts of a phone call at the heart of the constitutional showdown....

University forecasts economic slowdown in Georgia in 2020

Dec. 14, 2019 9:27 AM EST

ATLANTA (AP) — An economic forecast predicts fewer jobs will be created in Georgia next year as the state's economy continues to grow, but at a slower pace. The unemployment rate is forecast to rise to 4.2% in 2020, compared to an estimated 3.7% for all of 2019, according to the Georgia Economic Outlook....

Labor shortage makes MD construction projects more costly

Dec. 13, 2019 6:01 PM EST

ANNAPOLIS, Md. (AP) — Some construction projects in Maryland are costing tens of millions of dollars more than original estimates, in large measure because of a lack of skilled trades in the region. The increase in price for just two large projects at the University of Maryland? About $64 million....

South Korean firm to set up Tennessee facility with 410 jobs

Dec. 13, 2019 2:30 PM EST

MEMPHIS, Tenn. (AP) — A South Korean manufacturer of electric power equipment plans to set up its first U.S. production operations in Memphis, Tennessee, where the company aims to invest $86.9 million and create 410 jobs over seven years. Gov. Bill Lee and his economic development team announced Friday...

Holiday shopping off to slow start, US retail sales up 0.2%

Dec. 13, 2019 10:03 AM EST

WASHINGTON (AP) — U.S. retail sales rose at a modest pace in November as the holiday shopping season appeared to have a slow start. The Commerce Department said Friday that retail sales increased a seasonally adjusted 0.2% in November, down from 0.4% in the previous month. Healthy car sales lifted the...

Auto parts maker to create 153 jobs in Tennessee expansion

Dec. 13, 2019 4:52 AM EST

HENDERSON, Tenn. (AP) — A company that makes automotive parts announced plans on Thursday to expand operations in southwest Tennessee that would yield 153 new jobs over five years. The project by Arvin Sango, Inc. involves expansion of its existing manufacturing facility in Henderson, where the company has...

Wholesale prices unchanged in November as energy prices cool

Dec. 12, 2019 8:44 AM EST

WASHINGTON (AP) — U.S. wholesale prices were unchanged in November as the rise in energy costs slowed following a big gain in the previous month. The Labor Department said Thursday that the flat reading in November on its producer price index, which measures inflation pressures before they reach the...

Asian shares mixed as Fed leaves rates unchanged

Dec. 11, 2019 9:58 PM EST

TOKYO (AP) — Asian shares were mixed Thursday, after a wobbly day on Wall Street following the Federal Reserve announcement it would leave interest rates unchanged. Japan's benchmark Nikkei 225 edged up 0.2% in early trading to 23,433.83, while Australia's S&P/ASX 200 lost 0.7% to 6,706.90. South...

Fed leaves low rates alone and sees no moves in near future

Dec. 11, 2019 6:24 PM EST

WASHINGTON (AP) — Chairman Jerome Powell made clear Wednesday that the Federal Reserve is prepared to keep its benchmark interest rate very low through at least next year — and possibly longer. Fueling that expectation is the growing belief of Fed officials that inflation will remain tame even as...