Employers stuck the landing in 2024, finishing the year with a bounce of hiring after a quarter filled with disruption. The economy added 256,000 jobs in December, seasonally adjusted, the Labor Department reported on Friday. It was a better-than-expected number amid a labor market that has been slowly cooling for two years. The unemployment rate edged down to 4.1 percent. …
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Retailers may be taking a more staggered approach to holiday hiring.
Every year, retailers race to hire workers to staff their stores and distribution centers to meet the demand that comes with millions of Americans shopping for Christmas and other winter holidays. This seasonal hiring is often seen as a measure of the health of the retail industry and the U.S. economy more broadly. On Wednesday, November data released by the …
Read More »Can Low Unemployment Last Under Trump?
For a time, not too long ago, it was the central question animating economic forecasts and bets laid by investors in financial markets: Will the U.S. economy avoid a recession? Now, for many in the business world, that question feels almost passé, part of an earlier, more fretful era of narratives. After a superlative run of hovering below 4 percent …
Read More »SEIU Joins Forces With AFL-CIO Ahead of New Trump Era
Two prominent labor groups are joining forces in an attempt to expand union membership and protect members’ interests as they face the likelihood of a less union-friendly federal government under Donald J. Trump. The Service Employees International Union, which represents nearly two million workers in industries like home health care and janitorial services, said on Wednesday that it would become …
Read More »Port Workers Could Strike Again if No Deal Is Reached on Automation
Ports on the East and Gulf Coasts could close next week if dockworkers and employers cannot overcome their big differences over the use of automated machines to move cargo. The International Longshoremen’s Association, the union that represents dockworkers, and the United States Maritime Alliance, the employers’ negotiating group, on Tuesday resumed in-person talks aimed at forging a new labor contract. …
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