Oct 09 2 Federal Reserve officials say spike in bond yields may allow central bank to leave rates alone By Christopher Rugaber, Associated Press That's because a surge in long-term interest rates has made borrowing more expensive and could help cool inflation without further action by the central bank. Continue reading
Oct 09 Union workers at Mack Trucks go on strike after voting to reject new contract deal By Tom Krisher, Associated Press Union workers at Mack Trucks are on strike after voting down a tentative five-year contract agreement that negotiators had reached with the company. Continue reading
Oct 08 WATCH: Nobel economics prize goes to professor for research on labor market gender gap By David Keyton, Michael Casey, Mike Corder, Associated Press Goldin has studied 200 years of women’s participation in the workplace, showing that despite continued economic growth, women’s pay did not continuously catch up to men’s and a divide still exists despite women gaining higher levels of education than men. Continue reading
Oct 08 Gov. Newsom signs new law requiring big companies in California to disclose emissions By Sophie Austin, Associated Press/Report for America Large businesses in California will have to disclose a wide range of planet-warming emissions under a new law Gov. Gavin Newsom signed Saturday — the most sweeping mandate of its kind in the nation. Continue reading
Oct 06 Watch 5:43 Job growth defies expectations but questions remain about overall health of economy By Paul Solman, Shoshana Dubnow The strength of the jobs market stunned again with a report surpassing most expectations. Employers added 336,000 jobs in September while unemployment remained at 3.8 percent. We also learned that nearly 120,000 more jobs were created in July and August… Continue watching
Oct 06 Auto workers won’t expand strikes against Detroit Three after GM battery plant concession By Tom Krisher, Associated Press The announcement of the pause in expanding the strikes came shortly after GM agreed to bring electric vehicle battery plants into the UAW's national contract, essentially assuring that they will be unionized. Continue reading
Oct 06 In a sign of economic resilience, U.S. employers added 336,000 jobs in September By Christopher Rugaber, Associated Press Friday's report from the Labor Department showed that hiring last month jumped from a 227,000 increase in August, which was revised sharply higher. Continue reading
Oct 05 Average long-term U.S. mortgage rate reaches 7.49 percent, highest level in over two decades By Alex Veiga, Associated Press The cost of financing a home surged again this week, further dimming the affordability outlook for many would-be homebuyers. Continue reading
Oct 05 Everything you need to know about the largest strikes happening in the U.S. today By Associated Press It's been a big year for labor organizing in the U.S. And from auto production lines to Hollywood, all eyes are on strikes taking the world of work by storm. Continue reading
Oct 04 Health care workers kick off 3-day strike in multiple states By Stefanie Dazio, Damian Dovarganes, Associated Press Tens of thousands of Kaiser Permanente workers took to picket lines on Wednesday, launching a massive strike that the company warned could cause delays at its hospitals and clinics that serve nearly 13 million Americans. Continue reading