labor

The number of U.S. citizens filing new claims for unemployment benefits fell more sharply than expected last week, underpinning the Federal Reserve’s faith in the resilience of the country’s labor market. Data from the Department of Labor on Thursday showed that in the week ending Feb....

Australia is set to implement laws that will allow workers to disregard unreasonable calls and messages from their employers outside of work hours without facing any repercussions. This is part of a broader set of changes to industrial relations laws proposed by the federal government. What...

General Motors was riding high today following its announcement on Wednesday of further shareholder returns and the reinstatement of its full-year guidance. Shares in General Motors Co (NYSE:GM) were up 0.76% at $31.83 on Thursday, following a 9.4% surge in the previous trading session. The company...

UAW President Shawn Fain did not mince words in a Thursday pushback against General Motor Company’s (NYSE: GM) wage offer, branding it as "insulting" during tense negotiations between the United Auto Workers union and Detroit's automotive giants. What Happened: GM's offer...

The Teamsters union reached a deal with United Parcel Service Inc (NYSE: UPS) in what the package delivery company is calling a "win-win-win agreement." What Happened: The International Brotherhood of Teamsters, which represents approximately 330,000 UPS employees...

Private sector employment in the U.S. surged in April, with a total of 296,000 jobs added during the month, according to data issued in the ADP National Employment Report. What Happened: The job additions are a significant increase compared to the revised 142,000 jobs added in March, and are more...

The number of Americans submitting new claims for unemployment benefits grew last week. For the week ending March 4, initial claims for state unemployment benefits jumped 21,000 to a seasonally adjusted 211,000, according to Labor Department statistics released Thursday. Read on for a breakdown of...

The notion of a four-day work week is gaining traction, as a pilot program in the U.K. proved unexpectedly successful last week. Could this new scheme ever reach the meat grinder corridors of Wall Street? “We have observed some interest in compressing the workday in the stock market, but...

The number of Americans submitting new claims for unemployment benefits grew marginally last week, marking the eighth straight week of flat or higher continuing jobless claims, the longest trend since the 2009 financial crisis. What Happened: For the week ending Dec. 3, initial claims for state...

The SPDR S&P 500 ETF Trust (NYSE: SPY) traded lower Friday morning after the Labor Department reported soft U.S. jobs market numbers from September. What Happened: The U.S. added 263,000 jobs last month, outpacing average economist estimates of 250,000 jobs, according to Benzinga Pro.  New...

With layoffs affecting the national workforce, cannabis staffing leaders forecast that more dismissals are expected in the sector over the next few months. Layoffs in recent months have included the likes of Aurora Cannabis Inc (NASDAQ: ACB) and Dutchie, among numerous others. Karson...

Millions of Americans quit their jobs in 2021 and 2022 in what has been dubbed “The Great Resignation.” July was no different, with 5.9 million workers departing from their employers, according to the Bureau of Labor of Statistics.  Read more about the Great Resignation here....

Microsoft Corporation (NASDAQ: MSFT) President Brad Smith expressed concern about the future of the workforce in a recent interview with Reuters. U.S. companies are in a “new era,” with few people entering the workforce and employees pressuring employers to pay higher salaries, he...

According to a new report, a leaked Amazon.com, Inc (NASDAQ: AMZN) internal memo from mid-2021 suggests that the company may face a resource crunch and may run out of people to hire at the company's U.S.-based warehouses by 2024. The memo estimated that Amazon would exhaust its labor...

By Dmitriy Zubkov Since we decided to go global, our lives were not the same anymore. I wouldn’t say that it was extremely difficult, but it was completely different from the experience we used to have. The level of complexity has been significantly increased because now we have to take into...