Labor economy
Boeing, union reach sweetened contract offer in bid to end strike, vote scheduled for Monday
Boeing workers from the International Association of Machinists and Aerospace Workers District 751 gather on a picket line near the entrance to a Boeing production facility on the day of a vote on a new contract proposal during an ongoing strike in Renton, Washington, U.S. October 23, 2024. David Ryder | Reuters Boeing and its […]
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How the stock market will react to Friday’s jobs report, according to JPMorgan
JPMorgan’s trading desk has some ideas on how much the stock market might move following Friday’s all-important jobs report. Friday’s data on nonfarm payrolls, the unemployment rate and wages are the last major economic release before next week’s presidential election and Federal Reserve policy meeting. Economists polled by Dow Jones expect jobs to have grown […]
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Boeing strike will dent last jobs report before election
Boeing workers gather on a picket line near the entrance to a Boeing facility during an ongoing strike on October 24, 2024 in Seattle, Washington. David Ryder | Getty Images Boeing‘s more than seven-week machinist strike is set to hit Friday’s U.S. jobs report — the last one that will be released before Nov. 5 […]
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Boeing machinists reject new labor contract extending more than 5-week strike
People hold sings during a strike rally for the International Association of Machinists and Aerospace Workers (IAM) at the Seattle Union Hall in Seattle, Washington, on October 15, 2024. Jason Redmond | AFP | Getty Images Boeing machinists rejected a new labor deal that included 35% wage increases over four years, their union said Wednesday, […]
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China’s youth unemployment rate falls after climbing for two straight months
A person rides a bicycle with a child sitting in the basket in Beijing, China July 14, 2024. Tingshu Wang | Reuters The jobless rate for 16-to-24-year olds in China, excluding students, fell to 17.6% in September from 18.8% a month prior, official data showed on Tuesday, offering officials relief after youth unemployment hit fresh highs for two […]
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Trump plan would make Social Security insolvent in just 6 years, budget group says
Former President Donald Trump’s campaign plans would significantly accelerate the already-fast-approaching date when Social Security is projected to run out of money, a nonpartisan budget group said Monday. Trump’s agenda would make the popular government program, relied upon by millions of American seniors, insolvent in six years — shrinking the current timeline by a third, […]
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Trump tax plans could exempt 93 million Americans from income taxes
Former President Donald Trump’s tax reform ideas could offer total or partial income tax exemptions to roughly 93.2 million Americans, or just under half of the U.S. electorate, according to CNBC’s analysis of several estimates. As part of his economic pitch to voters, Trump has floated a sweeping tax overhaul, including a slate of income […]
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McDonald’s tells U.S. restaurants it’s not a ‘political brand’ after Trump visit
Republican presidential nominee and former U.S. President Donald Trump works behind the counter during a visit to McDonalds in Feasterville-Trevose, Pennsylvania, U.S. October 20, 2024. Doug Mills | Via Reuters Though President Donald Trump visited a Pennsylvania McDonald’s location on Sunday, the fast-food giant is trying to stay neutral in the presidential race. “As we’ve […]
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Trump works McDonald’s drive-thru, Harris campaign scoffs at stunt
The McDonald’s logo is displayed at a McDonald’s restaurant in Burbank, California, on July 22, 2024. Mario Tama | Getty Images Within minutes of former President Donald Trump’s brief appearance at a McDonald’s, where he served up French fries to drive-thru customers in Feasterville, Pennsylvania, the Republican nominee took to searing his election opponent, Vice […]
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Op-ed: The financial toxicity of cancer is growing. Here’s what can be done to reduce it
Medical personnel use a mammogram to examine a woman’s breast for breast cancer. Hannibal Hanschke | dpa | Picture Alliance | Getty Images Cancer drains individuals of their physical, emotional, and financial health. Given the impact on both patients and the people in their lives — including their employer — it’s time that CEOs take […]
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