Latest Employment costs News

US productivity falls for first time in nearly 4 years

Nov. 6, 2019 12:57 PM EST

WASHINGTON (AP) — American workers were less efficient in the July-September quarter, pushing down productivity for the first time since late 2015. With economic growth slowing, in part because the stimulus from Trump administration tax cuts is fading, many economists worry that worker productivity will...

US worker annual compensation rose 2.8% in third quarter

Oct. 31, 2019 10:18 AM EDT

WASHINGTON (AP) — Annual wages and benefits for U.S. workers continued to rise at a modest pace in the third quarter, even as unemployment stays near a half-century low. The Labor Department said Thursday that growth in pay and benefits for all U.S. workers rose 2.8% in the July-September quarter, compared...

Ford, auto workers union reach tentative contract agreement

Oct. 31, 2019 12:47 AM EDT

DETROIT (AP) — The United Auto Workers union has reached a tentative contract agreement with Ford after three days of intense bargaining. The union said the deal was reached Wednesday night but didn't give details. The deal still has to be approved by committees of national union leaders and local...

Despite labor costs, GM averts financial woes of its past

Oct. 18, 2019 2:16 PM EDT

DETROIT (AP) — A decade ago, high labor costs helped drag a bloated and debt-ridden General Motors into a government-funded bankruptcy. Now, a contract deal reached this week with the United Auto Workers union will raise the company's costs once again, at a time when the auto industry is facing the...

GM strike in 2nd week: Some progress but no end in sight

Sep. 23, 2019 6:11 PM EDT

NEW YORK (AP) — The strike against General Motors by 49,000 United Auto Workers entered its second week Monday with progress reported in negotiations but no clear end in sight. Bargainers met all weekend and returned to talks Monday morning as the strike entered its eighth day. Talks continued even as GM...

AP Explains: Why auto workers went on strike against GM

Sep. 16, 2019 5:11 PM EDT

DETROIT (AP) — More than 49,000 union auto workers at General Motors are walking picket lines, silencing more than 50 company factories and parts depots in a strike over contract negotiations. The strike that began early Monday crippled production of Chevrolet, Cadillac, GMC and Buick vehicles made by the...