Search results
Results from the WOW.Com Content Network
Typically, as labor markets cool, they don't just stop in a "stable" range. They keep cooling until a recession comes and the cycle starts over. But recessions don't simply come from old age.
The Job Openings and Labor Turnover Survey (JOLTS) showed the hiring rate held flat at 3.4% in December and is hovering near its lowest levels of the past decade.
A Labor Department report showing the unemployment rate edged down to 4% last month and employers adding 143,000 jobs is "consistent with a healthy labor market that is neither weakening nor ...
United States labor law sets the rights and duties for employees, labor unions, and employers in the US. Labor law's basic aim is to remedy the " inequality of bargaining power " between employees and employers, especially employers "organized in the corporate or other forms of ownership association". [ 3 ]
A labor strike is a work stoppage, caused by the mass refusal of employees to work, usually in response to employee grievances, such as low pay or poor working conditions. Strikes can also take place to demonstrate solidarity with workers in other workplaces or to pressure governments to change policies.
In July 2022, a Presidential Emergency Board was convened under the Railway Labor Act by President Joe Biden. [11] His Executive order stated, "I have been notified by the National Mediation Board that in its judgment these disputes threaten substantially to interrupt interstate commerce to a degree that would deprive a section of the country of essential transportation service."
The latest data from the Bureau of Labor Statistics released Tuesday underscored some of these labor market trends, with the hiring rate holding steady at 3.4%, well below its 2022 peak of 4.6% ...
Labor market resilience is the driving force behind the economic expansion and has given the U.S. central bank room to pause rate cuts while policymakers assess the impact of the fiscal, trade and ...