Category: labor
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US producer inflation trends higher; labor market remains stable
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Lucia Motikani WASHINGTON (Reuters) -The prices of producers in the United States increased in January, as it provided more evidence that inflation was increasing again and strengthening the financial market views that the Federal Reserve would not reduce interest rates before the second half of the year. The widespread rise…
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Trump chooses Bessent to be treasury secretary, Vought as budget chief, Chavez-DeRemer for Labor
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Trump also said he would nominate Russell Vought to lead the Office of Management and Budget, a position Vaught held during Trump’s first presidency. Vought was closely involved in Project 2025It is a conservative plan for Trump’s second term that he tried to distance himself from during the election campaign.…
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Trump chooses Bessent to be treasury secretary, Vought as budget chief, Chavez-DeRemer for Labor
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Trump also said he would nominate Russell Vought to lead the Office of Management and Budget, a position Vaught held during Trump’s first presidency. Vought was closely involved in Project 2025It is a conservative plan for Trump’s second term that he tried to distance himself from during the election campaign.…
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U.K. Labor Market Update: Wages Cool But Unemployment Rose Above Expectations
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The UK labor market showed mixed signs in the quarter ending September, with wage growth moderating but the unemployment rate rising more than expected. The Office for National Statistics (ONS) reported that regular wage growth (excluding bonuses) fell to 4.8% in the three months to September from 4.9% in August,…
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Bitcoin’s Short-Term Direction Hinges On This Week’s Labor Market Data Release
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Bitcoin It is showing a strong upward movement, rising all the way to the $70,000 price level. However, despite the renewed bullish momentum, there are several upcoming macro events to watch out for that could impact Bitcoin’s price trajectory in the short term. Will the release of labor market data…
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Bitcoin’s Short-Term Direction Hinges On This Week’s Labor Market Data Release
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Bitcoin It is showing a strong upward movement, rising all the way to the $70,000 price level. However, despite the renewed bullish momentum, there are several upcoming macro events to watch out for that could impact Bitcoin’s price trajectory in the short term. Will the release of labor market data…
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Trump Pitches Detroit Renaissance While Biden Courts Labor Vote
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Breadcrumb links BMN Business Donald Trump and Kamala Harris are moving through “blue wall” states expected to decide the outcome of the US election, and are betting on high-profile events over the weekend to help push voters to the polls on November 5. Article writer: Bloomberg News Riley Griffin, Jenny…
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Trump Pitches Detroit Renaissance While Biden Courts Labor Vote
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Breadcrumb links BMN Business Donald Trump and Kamala Harris are moving through “blue wall” states expected to decide the outcome of the US election, and are betting on high-profile events over the weekend to help push voters to the polls on November 5. Article writer: Bloomberg News Riley Griffin, Jenny…
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No end for Boeing labor strike as workers reject latest contract proposal
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Breadcrumb links PMN BMN Business Article writer: Associated Press David Koenig and Manuel Valdes Published on October 24, 2024 • 5 minute read You can save this article by registering for free here. Or log in if you have an account. Article content SEATTLE (AP) — Boeing factory workers voted…
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US Inflation Is Set to Reassure a Labor Market-Focused Fed
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Breadcrumb links BMN Business US inflation is likely to have moderated at the end of the third quarter, reassuring the Federal Reserve as it shifts more of its policy focus towards protecting the labor market. Article writer: Bloomberg News Vince Juhl and Craig Sterling Published on October 05, 2024 •…
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US Inflation Is Set to Reassure a Labor Market-Focused Fed
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Breadcrumb links BMN Business US inflation is likely to have moderated at the end of the third quarter, reassuring the Federal Reserve as it shifts more of its policy focus towards protecting the labor market. Article writer: Bloomberg News Vince Juhl and Craig Sterling Published on October 05, 2024 •…
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Amazon hit with US labor board complaint over ‘joint employment’ of drivers By Reuters
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Written by Danielle Wiesner (Reuters) – Amazon.com has been charged by the U.S. Labor Council for illegally refusing to negotiate with a union representing drivers working for a contractor, the U.S. labor agency announced on Wednesday. The complaint filed by the National Labor Relations Board (NLRB) alleges that Amazon (NASDAQ:)…
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Fed Pres. Bosic: Is open to another 50 bp cut if labor market shows continued weakness
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High risk warning: Foreign exchange trading involves a high level of risk that may not be suitable for all investors. Leverage creates more risk and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience and risk tolerance. You may lose some or…
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Australia’s August Labor Market Data Shows Strength Despite High Interest Rates
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Data from the Australian Bureau of Statistics reflects the resilience of the Australian labour market in a high interest rate environment. The economy added a net 47.5K jobs in August, above the expected gain of 28.0K and slightly below the downwardly revised gain of 48.9K in July. The gains came…
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Boeing labor deal angers many union workers ahead of vote, official says By Reuters
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Written by Alison Lambert (Reuters) – A temporary labor contract agreed between Boeing Co (NYSE:BA) and one of its largest labor unions has angered many workers who had hoped for higher wage increases and better pensions, an official who negotiated the deal said on Monday. The International Association of Machinists…
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Boeing reaches labor deal with 25% pay hike, new plane commitment By Reuters
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By Alison Lambert and David Shepardson Boeing Co said Sunday it has reached a tentative agreement with a union representing more than 32,000 workers in the U.S. Pacific Northwest, in a deal that could help avert a potential strike that could begin on Sept. 13. The proposed four-year deal, which…
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Mixed U.S. Labor Market Reports Sent The U.S. Dollar All Over The Charts
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As markets debate the Fed’s next policy steps, updates on the U.S. labor market — which Fed members said they are watching closely — are sure to make market participants nervous. On Thursday, a report was issued by Challenger, Gray and Christmas reversed 75,891 job cuts in Augustthe highest August…
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Dow slumps, Nasdaq whipsaws amid more soft labor market data
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U.S. stocks fell on Thursday as investors digested more weaker-than-expected labor market data that could help set the outlook for both interest rate cut hopes and the health of the U.S. economy. The S&P 500 (^GSPC) fell about 0.6%, while the Dow Jones Industrial Average (^DJI) fell more than 350…
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Acting US labor secretary encourages Boeing and workers to reach ‘fair contract’ By Reuters
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Written by Alison Lambert NEW YORK (Reuters) – Acting U.S. Labor Secretary Julie Su on Wednesday encouraged Boeing Co. and more than 30,000 workers at the planemaker’s plant to close the gap in negotiations and reach a fair contract as a Sept. 12 vote on a new deal approaches. Boeing…