Latest Labor economy News

AP Interview: Sanders details plan to 'end corporate greed'

Oct. 14, 2019 6:01 AM EDT

WASHINGTON (AP) — Bernie Sanders has released a major proposal to "end corporate greed and corruption" by requiring large companies to give ownership stakes to their workers. The proposal also would ensure that many of the nation's most profitable firms pay more in federal taxes and government authorities...

Federal grant to help develop workers in west Alabama

Oct. 13, 2019 12:35 PM EDT

LIVINGSTON, Ala. (AP) — A $2.5 million federal grant will help develop new workers with a goal of expanding economic development in rural west Alabama. The money is going to the University of West Alabama for work in a 10-county region. The area includes some of the state's poorest counties, and officials...

UAW-GM strike proving costly to more than workers, automaker

Oct. 11, 2019 12:29 AM EDT

DETROIT (AP) — Zack Bazzi is not seeing workers from a nearby General Motors plant swing through the gas station where he works on Detroit's east side since they went on strike nearly a month ago. Business is "slow," Bazzi said from behind the counter of the empty Marathon station within a short walk of...

US consumer prices unchanged in September

Oct. 10, 2019 12:55 PM EDT

WASHINGTON (AP) — Overall consumer prices were unchanged in September as a big decline in energy costs offset small gains in other areas. The flat reading in the Consumer Price Index for September followed a tiny 0.1% August increase and left prices over the past 12 months rising at a modest annual rate of...

US job openings slip 1.7% in August as labor market slows

Oct. 9, 2019 11:22 AM EDT

WASHINGTON (AP) — U.S. job openings fell 1.7% in August and hires edged down, bolstering views that the labor market may lose momentum as economic uncertainty and a manufacturing recession squeeze employers. The Labor Department says employers advertised 7.1 million available jobs in August, down from 7.2...

US dips in competitiveness index as Singapore takes top spot

Oct. 8, 2019 9:38 PM EDT

GENEVA (AP) — The United States is less competitive than it was a year ago and the global economy remains hobbled by low productivity despite a decade of cheap money from central banks, the World Economic Forum said Wednesday. In its latest assessment of the factors behind productivity and long-term...

GM talks hit snag as union seeks products for UAW factories

Oct. 8, 2019 8:26 PM EDT

DETROIT (AP) — Talks between General Motors and the United Auto Workers union hit a snag Tuesday over what the union says is a lack of commitment by GM to build new vehicles in U.S. factories. In a letter to members, union Vice President Terry Dittes wrote that the union has told GM that it doesn't see a...

Powell sees cooler US hiring in possible hint of rate cuts

Oct. 8, 2019 5:05 PM EDT

WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell said Tuesday that U.S. job growth since early last year was not as robust as thought, a hint that the Fed may be ready to keep cutting interest rates to support the economy. Powell also said the Fed will soon announce plans to buy Treasurys, likely...

Fed's odd dilemma: Low unemployment but pressure to do more

Oct. 8, 2019 6:42 AM EDT

WASHINGTON (AP) — With the nation's unemployment rate at its lowest point since human beings first walked on the moon, you might expect the Federal Reserve to be raising interest rates to keep the economy from overheating and igniting inflation. That's what the rules of economics would suggest. Yet the Fed...

Asian shares rise despite worries on US-China talks

Oct. 7, 2019 11:32 PM EDT

TOKYO (AP) — Asian shares rose Tuesday despite continuing worries about the health of the global economy ahead of trade talks between the U.S. and China. Japan's benchmark Nikkei 225 gained 1.1% to 21,604.16 in early trading. Australia's S&P/ASX 200 added nearly 0.6% to 6,599.60, while South Korea's...