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The Brave New World of European Labor: European Trade Unions at the Millennium (1999) online; Montgomery, David. "Strikes in Nineteenth-Century America," Social Science History (1980) 4#1 pp. 81–104 in JSTOR, some comparative data; Murillo, Maria Victoria. Labor Unions, Partisan Coalitions and Market Reforms in Latin America (2001) online
There is a substantial wage gap between union and nonunion workers in the U.S.; unionized workers average higher pay than comparable nonunion workers (when controlling for individual, job, and labor market characteristics); research shows that the union wage gaps are higher in the private sector than in the public sector, and higher for men ...
However, labor union participation rates have declined steadily in the United States. According to the Bureau of Labor Statistics annual Union Members Summary: "In 2012, the union membership rate—the percent of wage and salary workers who were members of a union—was 11.3 percent, down from 11.8 percent in 2011. The number of wage and salary ...
The decline in job openings reflects a labor market that has slowed back to a pre-pandemic pace after experiencing years of blockbuster growth: The rate of openings as a percentage of total ...
"The market has taken rate hikes down off the table for this year, but for how long if the labor market remains tight." Job openings, a measure of labor demand, were up 56,000 to 9.553 million on ...
The labor market is steadily rebalancing in the wake of 525 basis points worth of rate hikes from the U.S. central bank since March 2022 to cool demand in the overall economy.
Under US labor law, the National Labor Relations Act 1935 is the primary statute which gives US unions rights. The rights of members are governed by the Labor Management Reporting and Disclosure Act 1959 .
"Labor market conditions remain very strong, and the economy is returning to a better balance between the demand for and supply of workers," Fed Chair Jerome Powell said in a speech on Dec. 1.