labor

The U.S. services sector expanded in February 2025 with all four main subindexes expanding for the third consecutive month. However, concerns persist around the impact of tariffs and federal spending cuts.  The Details: The ISM Services PMI unexpectedly increased to 53.5% in February 2025, up...

Rep. Lori Chavez-DeRemer (R-Ore.), a moderate who lost her House seat this month, has been selected by President-elect Donald Trump to lead the Labor Department in his new term. Trump praised Chavez-DeRemer, who first won her seat with just 51% of the vote in 2022 and lost it by a two-point margin...

Analysts regard Boeing Co.’s (NYSE:BA) plans to raise as much as $25 billion through a mixed offering of common stock as a “positive.” What Happened: Alongside this capital raise, the aerospace manufacturer has secured a $10 billion credit agreement with a consortium of leading...

Longshoremen are expected to drop their cargo hooks Tuesday, potentially freezing activity at some of the U.S.’s busiest ports. What Happened: According to the New York Times, a union showdown on the East and Gulf coasts with their employers could halt billions of dollars worth of goods,...

Last week’s jobs report sent the stock market into one of the worst weeks for Wall Street since the start of the year. While hiring appears to be weakening, the trend is going in the opposite direction for executive-level positions. That's according to data shared by headhunting firm Korn...

Friday’s lower unemployment figure is a strong indication that the Federal Reserve may cut rates by 0.25% instead of 0.50% when it meets in less than two weeks, economists say. “This is the moment we've all been waiting for and, based on the data, it looks like the Fed won't need to...

Canada’s railway strike could have major impacts on various sectors and companies in the U.S. that rely on goods and commodities from the second-largest company in the world. Canadian National Railway Company (NYSE:CNI) and Canadian Pacific Kansas City Ltd. (NYSE:CP) said they locked out...

Transatlantic container shipping volumes into the U.S. are making a comeback as U.S. retailers look to replenish inventories ahead of possible strike action at U.S. ports. “There is some temptation by customers to bring in goods ahead of the labor contract expiry on Sept. 30,” Hapag-...

Weekly jobless claims rose in the week ending July 27 to a 2024 high. Is this a signal for the state of the labor market or simply noise? The Data: The U.S. Department of Labor released its weekly jobless claims report on Thursday, returning numbers worse than expected. The figure for seasonally-...

The United Auto Workers (UAW)union is calling out the Biden administration for not pursuing accusations of labor abuses by a Mexican subsidiary of Caterpillar Inc. (NYSE:CAT), a U.S. manufacturer of earth-moving equipment. In late June, the administration told a group of unions that it would not...

Alaska Air Group Inc (NYSE:ALK) flight attendants are poised to receive a pay increase of 32% on average as part of a new three-year tentative labor agreement. The agreement marks a milestone by making boarding pay legally binding for unionized flight attendants. U.S. flight attendants are...

Tesla, Inc. (NASDAQ:TSLA) China teams are reportedly reinstating laid-off employees, focusing primarily on roles in sales and service. Recently, Tesla implemented its largest global layoffs since 2017, with over 14% of its workforce affected, CnEV Post reported, citing local media. In China, the...

OpenAI Chief Technology Officer Mira Murati spoke at Dartmouth College on June 19 and discussed the ongoing development of the organization’s flagship artificial intelligence (AI) product, GPT. “These systems are already human-level in specific tasks, and of course in a lot of tasks,...

Square Enix Holdings Co (OTC:SQNXF) is reportedly preparing for layoffs as part of ongoing restructuring efforts. According to VGC, citing an internal meeting held on Monday, Square Enix president Takashi Kiryu informed staff that layoffs would affect the company’s American and European...

Workers at Mercedes Benz Group AG (OTC:MBGYY) (OTC:MBGAF) factory in Vance, Alabama, petitioned U.S. regulators for a union election, the United Auto Workers (UAW) announced on Friday. The SUV plant is the second to seek an election petition with the National Labor Relations Board (NLRB) in recent...