labor

Indicators

Inflation Report Will Test Fed’s Plans and Bull Market’s Steam

Photo by Glen Scarborough via CC BY-SA 2.0

The market’s sunny optimism, set against wintry December, will face a Game of Thrones-like test this Wednesday: an inflation report is coming.

2 min read
International Economics

How Long Can China’s Bull Market Last?

Photo by Edward He via Unsplash

China is grappling with a depressed job market, a struggling property sector, weak consumer spending, geopolitical tensions, and debt.

2 min read
Industrials

Dock Workers Agree to Pause Historic Strike To Negotiate New Contract

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Three days into a historic work stoppage, dockworkers at East and Gulf Coast ports reached a tentative deal with their employer.

2 min read
Industrials

Supply Chain Crisis Looms Amid Port Strike Threats

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The International Longshoremen’s Association is set to strike if a new contract can’t be reached with the United States Maritime Alliance.

2 min read
Policy & Power

50 Years Before Women are Properly Represented in the Workplace, Report Says

Photo by Christina via Unsplash

Despite strides, it will be almost another 50 years before their representation matches their share of the US population.

1 min read
Industrials

Boeing Weathers Serious Turbulence Amid Worker Strike

Photo by Luca Cavallin via Unsplash

Days after industrial workers in its Pacific Northwest plants voted to approve a labor strike, Boeing instituted a hiring freeze.

2 min read
Big Tech

A Small Union Win Casts a Big Shadow Over Amazon

Photo by Todd Van Hoosear via CC BY-SA 2.0

Prosecutors for the NLRB concluded that a group of 84 unionized Amazon drivers in Palmdale, California are employed by Amazon.

2 min read
Banking

The EU Wants to Make Its Bankers More Fireable

Photo by Kremlin.ru via CC BY 4.0

The German government is planning to make it easier for companies in the financial sector to fire high-earning employees.

1 min read
International Economics

Canadian Railway Shutdown Threatens US Supply Chains

Photo by Sangkeun Park via CC BY-SA 4.0

Canadian National Railway and Canadian Pacific Kansas City came to a halt after locking out 9,300 employees over a contract dispute.

2 min read
Big Tech

Amazon has to Reckon with the Teamsters Now

Photo by Joe Piette via CC BY-SA 2.0

The independent union representing Amazon workers in Staten Island announced on Tuesday it is now officially affiliated with the Teamsters.

2 min read
Inflation & Prices

Hooray? The US Economy May Finally Be Slowing

(Photo by Federal Reserve Board of Governors via Flickr)

It has taken a while, but recent data suggests that the Federal Reserve’s rate hikes may finally be taming inflation.

2 min read
Big Tech

Samsung Faces Strike Action as Big Tech Labor Mobilization Goes Global

Photo via Samsung Newsroom

Its biggest union announced Wednesday that it will stage a one-day walkout on June 7 with workers using their paid annual leave.

2 min read
Big Tech

Amazon Reignites its Warehouse and Logistics Expansion

Photo via Amazon Press Center

The e-commerce king has either leased, bought, or announced the addition of 16 million square feet of warehouse space this year.

2 min read
Personal Finance

More Working People Feel Good About Their Finances

Photo by Amy Hirschi via Unsplash

The percentage of US employees who think their financial well-being is good or excellent rose to 47%, up from 42% a year ago.

1 min read
Inflation & Prices

Fed Official Hints That Future Rate Hikes Are Off the Table

Photo by Federal Reserve Board of Governors via Public Domain Mark 1.0

Christopher Waller said that the high interest rates may finally have the fight against inflation back on track.

2 min read
Consumer

Temu Gets Spooked by Possible TikTok Ban

Photo illustration by Connor Lin / The Daily Upside

The-commerce app, which has spent a fortune marketing itself in America, is reportedly starting to hedge its reliance on the US market.

2 min read
Economics

Is the US Seeing a Startup Boom?

Photo by Growtika via Unsplash

After a slump through the latter half of the last decade, the US is experiencing a startup tsunami, according to The Economist.

2 min read
International Economics

Europe Wants to Fix Its Widening Productivity Gap With the US

Photo by Tiger Lily via Pexels

European productivity has increased only about 20% since 2000, about one-third the rate of the US.

2 min read
Inflation & Prices

Fed Keeps Interest Rates Steady Amid Solid Job Growth

Photo by Federal Reserve Board of Governors via Public Domain Mark 1.0

The central bank held the funds rate at 5.25% to 5.5%, citing a “lack of further progress toward the Committee’s 2% inflation objective.”

2 min read
Regulation

Business Groups Sue FTC Over New Noncompete Regulations

Photo by Ian Hutchinson via Unsplash

The FTC estimates its ban will help create 8,500 new businesses and increase average annual worker wages by $524.

2 min read