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Abstract labour and concrete labour refer to a distinction made by Karl Marx in his critique of political economy.It refers to the difference between human labour in general as economically valuable worktime versus human labour as a particular activity that has a specific useful effect within the (capitalist) mode of production.
Unit labor costs - the price of labor per single unit of output - increased at a 0.8% annualized rate last quarter, the Labor Department's Bureau of Labor Statistics said.
Supplier delivery times lengthened a bit, which was blamed on labor shortages. A gauge of prices paid by manufacturers for inputs vaulted to 59.1. That was the highest level since November 2022 ...
U.S. hiring bounced back in November with employers adding 227,000 jobs as the adverse toll on payrolls from two Southeast hurricanes and worker strikes largely reversed. The unemployment rate ...
Julie A. Su (Chinese: 蘇維思; born February 19, 1969) [1] is an American attorney and government official who is serving as acting United States Secretary of Labor since 2023 [2] and the 37th United States Deputy Secretary of Labor since 2021.
The Bureau of International Labor Affairs was formed October 10, 1947, during the administration of President Harry S. Truman under the direction of Lewis B. Schwellenbach as a means to formally institutionalize the international directives of the Department of Labor. [4]
Trump’s plan for mass deportations could shrink the labor force in the construction sector, putting strain on an already tight supply of housing and in turn causing higher prices, Auerbach said.
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 ]