Labor economy
10-year Treasury yield spikes to highest level since late 2023 after hotter-than-expected jobs report
U.S. Treasury yields jumped to their highest level since November 2023 after the latest jobs data came in stronger than economists had forecast. The 10-year Treasury yield added nearly six basis points at 4.745%. The 2-year Treasury surged more than 10 basis points at 4.369%. One basis point is equal to 0.01% and yields and […]
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High-cost weight loss drugs are sending employers to nutrition counseling in a boost for startups
Packages of weight loss drugs Wegovy, Ozempic and Mounjaro. Picture Alliance | Getty Images A few years ago, when Virta Health founder and CEO Sami Inkinen approached employers about leveraging the company’s nutrition-oriented digital diabetes program for obesity-related weight loss, most companies weren’t ready to commit. Now, more employers are all in on nutritional counseling […]
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Park City Mountain ski patrol strike ends in Utah
Members of Lovelands Professional Ski Patrol Union along with Eldora Professional Ski Patrol Union protested outside Vail Resorts Headquarters in Broomfield, Colorado on December 30, 2024. RJ Sangosti | Denver Post | Getty Images Members of the Park City Mountain ski patrol in Utah were back at work Thursday after the resort agreed to raise their pay […]
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Friday’s jobs report could present a mixed view of the labor market. Here’s what to expect
The December jobs report is likely to provide only limited clarity on where the labor market is headed, with experts differing on how pronounced a slowdown there is in hiring. From a consensus view, economists expect the Bureau of Labor Statistics on Friday morning to report a gain of 155,000 in nonfarm payrolls, a step […]
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Private sector companies added 122,000 jobs in December, less than expected, ADP says
A worker adjusts hiring signage at a job and resource fair hosted by the Mountain Area Workforce Development Board in partnership with NCWorks in Hendersonville, North Carolina, US, on Tuesday, Nov. 19, 2024. Allison Joyce | Bloomberg | Getty Images Private sector job creation eased more than expected in December while wages grew at the […]
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What is a VPN and do you need one?
Almost nothing you do on the internet is private. Whether it’s your internet service provider tracking your browsing activity or a company collecting data for targeted ads, your digital footprint is constantly under scrutiny. That’s where VPNs come in. A VPN, short for virtual private network, is a tool that can help shield your internet […]
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Brazil says workers at BYD construction site victims of human trafficking
A drone view shows BYD’s new electric vehicle (EV) factory’s construction site in Camacari, Brazil December 26, 2024. Joa Souza | Reuters Chinese workers found at a construction site for a factory owned by China’s electric vehicle producer BYD in Brazil’s Bahia state are victims of human trafficking, Brazilian labor authorities said on Thursday. BYD and contractor Jinjiang Group have agreed to assist […]
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Starbucks baristas strike in three U.S. cities during pre-Christmas rush
Starbucks Workers United union members and supporters on a picket line outside a Starbucks coffee shop in New York, US, on Thursday, Nov. 16, 2023. Victor J. Blue | Bloomberg | Getty Images Starbucks baristas in some locations are planning to strike through Christmas Eve, starting with cafes in Los Angeles, Chicago and Seattle on […]
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Amazon workers strike at seven U.S. facilities ahead of Christmas rush
Striking workers picket outside of the Amazon DAX5 warehouse, in City of Industry, California, U.S., December 19, 2024. Daniel Cole | Reuters Amazon.com workers at seven U.S. facilities walked off the job early on Thursday during the holiday shopping rush, aiming to pressure the retailer into contract talks with their union. Warehouse workers in cities […]
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Starbucks union votes to authorize strike ahead of this year’s last scheduled bargaining session
A Starbucks worker boards the Starbucks union bus after Starbucks workers stood on the picket line with striking SAG-AFTRA and Writers Guild of America members in solidarity outside Netflix studios in Los Angeles on July 28, 2023. Mario Tama | Getty Images Starbucks Workers United said Tuesday that 98% of union baristas have voted to […]
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