Latest Labor economy News

Slightly fewer Americans apply for jobless claims last week

Jun. 30, 2022 08:41 AM EDT

WASHINGTON (AP) — Slightly fewer Americans applied for unemployment benefits last week, reflecting a robust job market despite rising job cuts in some sectors of the economy that have cooled in recent months. Applications for jobless aid for the week ending June 25 ticked down to...

Powell: 'No guarantee' Fed can tame inflation, spare jobs

Jun. 29, 2022 12:28 PM EDT

WASHINGTON (AP) — Federal Reserve Chair Jerome Powell said there's “no guarantee'' the central bank can tame runaway inflation without hurting the job market. Speaking Wednesday at a European Central Bank forum in Sintra, Portugal, Powell repeated his hope that the Fed can...

NLRB's top prosecutor seeks big changes, faces uphill battle

Jun. 26, 2022 20:07 PM EDT

As workers at major companies increasingly move to unionize, the political environment for labor couldn’t be more ripe. Perhaps nowhere is that more accurate than at the National Labor Relations Board, the agency that enforces the country’s labor laws and oversees union...

Abortion ruling thrusts companies into divisive arena

Jun. 25, 2022 10:18 AM EDT

The Supreme Court's decision to end the nation’s constitutional protections for abortion has catapulted businesses of all types into the most divisive corner of politics. Some companies that stayed silent last month — when a draft opinion by Justice Samuel Alito was leaked to...

Here we go again: Strike snarls UK trains for a third day

Jun. 25, 2022 07:57 AM EDT

LONDON (AP) — Train stations were all but deserted across Britain on Saturday, as the third day of a national strike snarled the weekend plans of millions. Train companies said only a fifth of passenger services would run, as about 40,000 cleaners, signalers, maintenance workers...

Inflation sparks global wave of protests for higher pay, aid

Jun. 25, 2022 03:33 AM EDT

Rising food costs. Soaring fuel bills. Wages that are not keeping pace. Inflation is plundering people's wallets, sparking a wave of protests and workers’ strikes around the world. This week alone saw protests by the political opposition in Pakistan, nurses in Zimbabwe, unionized...

A world apart, Lebanon and Sri Lanka share economic collapse

Jun. 24, 2022 00:10 AM EDT

BEIRUT (AP) — Lebanon and Sri Lanka may be a world apart, but they share a history of political turmoil and violence that led to the collapse of once-prosperous economies bedeviled by corruption, patronage, nepotism and incompetence. The toxic combinations led to disaster for both:...

Kentucky governor declares emergency over high gas prices

Jun. 23, 2022 20:37 PM EDT

FRANKFORT, Ky. (AP) — Gov. Andy Beshear took action Thursday to combat any signs of price gouging at the pump, touting it as a consumer protection measure amid sky-high gas prices straining Kentuckians' budgets. The Democratic governor signed an executive order declaring a state of...

Fewer Americans file for jobless aid

Jun. 23, 2022 08:47 AM EDT

WASHINGTON (AP) — Fewer Americans applied for jobless benefits last week as the U.S. job market remains robust despite four-decade high inflation and a myriad of other economic pressures. Applications for jobless aid for the week ending June 18 fell to 229,000, a decline of 2,000...

Widespread strikes disrupt services in North Macedonia

Jun. 22, 2022 09:05 AM EDT

SKOPJE, North Macedonia (AP) — A strike by government workers in North Macedonia disrupted services Wednesday over a pay dispute between unions and the country’s center-left government fueled by high inflation. Police associations, health care workers, municipal employees and...