Personnel
Fed close to pulling off the elusive economic soft landing in 2024 after great September jobs report
A hiring sign is posted on the exterior of Urban Outfitters at the Tysons Corner Center mall on August 22, 2024 in Tysons, Virginia. Anna Rose Layden | Getty Images September’s outsized payrolls boost takes the U.S. economy out of the shadows of recession and gives the Federal Reserve a fairly open glide path to […]
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The East and Gulf coast ports strike could be a no-win situation for the Biden administration
Mario Tama | Getty Images News | Getty Images President Joe Biden and his administration are sticking to their position of not invoking the Taft-Hartley Act to force International Longshoremen’s Association dock workers back on the job at East and Gulf coast ports where a strike is hitting day two on Wednesday, a political decision […]
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The East and Gulf coast ports strike could be a no-win situation for the Biden administration
Mario Tama | Getty Images News | Getty Images President Joe Biden and his administration are sticking to their position of not invoking the Taft-Hartley Act to force International Longshoremen’s Association dock workers back on the job at East and Gulf coast ports where a strike is hitting day two on Wednesday, a political decision […]
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The big catalyst for the week: How to trade Friday’s job report
The best-case scenario for stocks is if Friday’s jobs report comes in slightly above consensus, according to JPMorgan. Investors will be closely scrutinizing the September labor market report, due for release on Friday morning. The numbers come at a precarious time for the economy, after Federal Reserve Chair Jerome Powell has emphasized the U.S. central […]
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Young Chinese are ‘retiring’ in the countryside as China’s unemployment woes grate
A girl hugging a young cattle at a breeding farm in Chongqing, China. Vcg | Visual China Group | Getty Images Fed up with China’s employment situation, young people on the mainland are retreating to the countryside. China’s Gen Z and millennials are increasingly documenting their rural day-to-day “retirement” lives on social media after declaring […]
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500 Starbucks locations have voted to unionize as labor talks continue
Demonstrators protest outside a closed Starbucks Corp. location at 505 Union Station in Seattle, Washington, US, on Saturday, July 16, 2022. David Ryder | Bloomberg | Getty Images Baristas at a Starbucks in Bellingham, Washington, became the 500th store to join the Starbucks Workers United union on Monday. Since the first location voted to unionize […]
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New Starbucks CEO Brian Niccol commits to working with union as talks move forward
A Starbucks worker wears a t-shirt and button promoting unionization on April 7, 2022, in Chicago. John J. Kim | Chicago Tribune | Tribune News Service | Getty Images Starbucks CEO Brian Niccol said the coffee chain is committed to bargaining in good faith with the union that represents many of its baristas, as the […]
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Fed Governor Bowman explains dissent on rate vote, says she’s worried about inflation
Key Points Fed Governor Michelle Bowman said Tuesday she thought her colleagues should have taken a more measured approach to last week’s half percentage point interest rate cut. The jumbo cut “could be interpreted as a premature declaration of victory on our price-stability mandate,” she said in remarks to a bankers’ group in Kentucky. Source
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China’s youth unemployment hits fresh high amid economic slowdown and restrictive hiring policies
A job fair in China’s southwestern city of Chongqing on April 11, 2023. Str | Afp | Getty Images China’s youth unemployment rate in August rose to the highest level since the new system of record-keeping began in December, data from the National Bureau of Statistics showed, amid an economic slowdown. The jobless rate for […]
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Boeing machinists on picket lines prepare for lengthy strike: ‘I can last as long as it takes’
Boeing factory workers gather on a picket line during the first day of a strike near the entrance of a production facility in Renton, Washington, U.S., September 13, 2024. Matt Mills Mcknight | Reuters RENTON, Wash. — Cash-strapped Boeing is facing mounting costs from an ongoing machinist strike as workers push for higher pay. A […]
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