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☆ It's getting really hard to find a job that pays well
▼ + stars: | 2024-05-03 | by ( Juliana Kaplan | Madison Hoff | ) www.businessinsider.com time to read: +5 min

Job growth in April was concentrated in traditionally low-paying sectors like healthcare and retail. Wage growth, though slower, still outpaces inflation, which is still a boon for workers. That's because the industries that led job growth in April are traditionally low-paying. Indeed, job growth is concentrated in industries that are historically low-paying — and continue to pay less than the average across private industries. As Pollak notes, "wage growth has come down sharply, but it's mostly come down in industries where it was very rapid before."

Persons: —, it's, Jobs, that's, Labor Julie Su, Julia Pollak, It's, Kate Bahn, Insider's Aki Ito, Pollak, ALICE, They're, Nick Bunker, Bunker Organizations: Service, Federal Reserve, Labor, Healthcare, Institute for Women's, North, Business Locations: Bahn, North America

☆ Workers earning up to $58K a year could soon become eligible for overtime pay
▼ + stars: | 2024-04-24 | by ( Jennifer Liu | In Jljenniferliu | ) www.cnbc.com time to read: +2 min

Millions more Americans could become eligible for overtime pay. Here's what to know:The new salary limitsStarting July 1, 2024, people earning less than $43,888 per year, or $844 per week, would be eligible for overtime pay. It could also cause businesses to adjust their procedures so people work fewer overtime hours, giving employees more time back. Roughly 15% of salaried workers are currently entitled to overtime pay, and that will roughly double under the new salary limits. However, it's far lower than the 60% of salaried workers who were entitled to overtime pay in the 1970s, per the EPI.

Persons: Harris, Trump, Labor Julie Su, Who's Organizations: Biden, Labor, Fair Labor, Labor Department, Institute

☆ Overtime pay: Millions more salaried workers will be eligible under final Biden administration rule
▼ + stars: | 2024-04-23 | by ( Tami Luhby | ) edition.cnn.com time to read: +3 min

CNN —Millions of salaried workers will soon qualify for overtime pay under a final rule released by the US Department of Labor on Tuesday. The new rule raises the salary threshold under which salaried employees are eligible for overtime in two stages. About 4 million more workers will qualify for overtime when the rule is fully implemented in January, the agency estimates. “Too often, lower-paid salaried workers are doing the same job as their hourly counterparts but are spending more time away from their families for no additional pay. The salary threshold will be updated every three years, starting July 1, 2027, the agency said.

Persons: Julie Su, Trump, Obama, “, ”, Ted Hollis, Brady, Sean Kennedy, DOL, Ben Brubeck, Barack Obama Organizations: CNN, US Department of Labor, Labor, Quarles, National Restaurant Association, Associated Builders and Contractors, Labor Department Locations: South, Texas

☆ What the new Goldilocks job market means for you
▼ + stars: | 2024-04-13 | by ( Madison Hoff | ) www.businessinsider.com time to read: +8 min

Business Insider looked at how components of the labor market have settled down, like wage growth. And that more boring but steady labor market could be great news for workers and job seekers. The US could be in a Goldilocks job market. Job switchers are seeing higher wage growth than people staying, according to the 12-month moving average of median wage growth from the Atlanta Fed's Wage Growth Tracker. So what will happen to the Goldilocks job market?

Persons: Nick Bunker, Bunker, —, That's, Julia Pollak, ZipRecruiter's, " Pollak, Pollak, Job, Julie Su, switchers, Eugenio Alemán, Raymond James, Juliana Kaplan Organizations: Service, North America, BLS Locations: Atlanta

☆ Acting Labor Sec. Julie Su: Going to move 'heaven and earth' to help respond to bridge collapse
▼ + stars: | 2024-04-02 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailActing Labor Sec. Julie Su: Going to move 'heaven and earth' to help respond to bridge collapseActing U.S. Labor Secretary Julie Su joins 'Squawk Box' to discuss the latest developments in the Baltimore bridge collapse, the economic impact of the disaster, how much federal funds should be spent to rebuild the bridge, the importance of Port of Baltimore, and more.

Persons: Julie Su Organizations: Labor Locations: Baltimore, Port of Baltimore

☆ Premarket stocks: What customers are telling banks they care about in this election year
▼ + stars: | 2024-03-11 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +8 min

Fears about the health of the real estate market, and a confusing economic landscape, leave commercial banks questioning what comes next. The commercial real estate market is definitely under some pressure because of the rising rate environment. So I think banks are watching all that closely and working closely with regulators. How long do you think commercial real estate woes will weigh on banks? It definitely persists, and it depends on the banks’ weighting of real estate as a percentage of their portfolio.

Persons: New York CNN — It’s, Bell, Chris Giamo, we’ll, They’re, It’s, That’s, Philip Wang, —, Xavier Becerra, Julie Su, Eva Rothenberg Organizations: CNN Business, Bell, New York CNN, Silicon Valley Bank, TD Bank, Sunday, Healthcare, UnitedHealth, CNN, Human Services, Labor Locations: New York, Silicon, United States, Canada

☆ Job growth beats estimates, unemployment rate hits 2-year high
▼ + stars: | 2024-03-08 | by ( Madison Hoff | Juliana Kaplan | ) www.businessinsider.com time to read: +5 min

Read previewFebruary's job growth was strong and similar to January's revised job gain. According to Friday's news release from the Bureau of Labor Statistics, the US experienced job growth of 275,000 in February. Additionally, December's job growth of 333,000 stated in the February release was updated to 290,000 in the new report. Leisure and hospitality saw large job growth in February, with an increase of 58,000. Pollak also pointed out the large job gains seen in December and January were revised downward and an increase in the unemployment rate in February.

Persons: —, Labor Julie Su, Julia Pollak, Pollak, Nick Bunker, Bunker, That's Organizations: Service, Bureau of Labor Statistics, Business, Labor, BLS, North, Labor Statistics Locations: America, North America

☆ Joe Biden is looking for ways to get his message to break through. He’s hoping his Cabinet can play a key role.
▼ + stars: | 2024-02-10 | by ( Betsy Klein | Camila Dechalus | ) edition.cnn.com time to read: +12 min

Nevertheless, the Biden White House and legal team has taken pains to ensure compliance – an effort to highlight its commitment to ethics and draw a sharp contrast with Trump, who skirted the rule with abandon. And the Biden White House has issued “extensive guidance to and conducts trainings for agencies” on the Hatch Act and how to avoid potential missteps, the official said. Secretary of State Mike Pompeo, for instance, delivered a speech to the Republican National Convention while on official travel in Jerusalem. “Voters of color can see themselves in leaders like Secretary Cardona, Secretary Fudge, and (EPA) Administrator (Michael) Regan. President Biden was intentional about assembling a Cabinet that reflects the diversity of America, and we continue to see how that diversity translates into real political strength,” he told CNN.

Persons: Washington CNN — Janet Yellen isn’t, Joe Biden’s, Biden, SSRS –, Donald Trump, Trump, ”, Yellen, Robert Hur’s, Pete Buttigieg, Gina Raimondo, Jennifer Granholm, Miguel Cardona, they’ve, “, Biden’s, they’re, Jeff Zients, “ Biden, ” Caitlin Legacki, Granholm, Buttigieg, Raimondo, “ We’re, ” Buttigieg, That’s, Mike Pompeo, Biden White, – you’ve, ” Legacki, Julie Su, Isabel Casillas Guzman, Marcia Fudge –, –, Marjory Stoneman, Gevin Reynolds, Kamala Harris, Secretary Cardona, Fudge, Michael, Regan, Young, Tom Vilsack Organizations: Washington CNN, CNN, Economic, of Chicago, Midwest, Treasury, White, Transportation, Democratic, GOP, Cabinet, Biden White, Republican National Convention, Coalition, SSRS, Biden, Trump, Labor, Democrats, Small, Urban, Alpha Kappa Alpha, Palmetto State’s, Education, Marjory Stoneman Douglas High School, “ Locations: Yellen, Wisconsin, New Hampshire, Michigan, Georgia, Florida, Tennessee , Louisiana , California, Delaware, New York, Jerusalem, American, Pacific Islander, Nevada, South Carolina, Iowa

☆ The tech sector is pouring billions of dollars into AI. But it keeps laying off humans
▼ + stars: | 2024-01-13 | by ( Catherine Thorbecke | ) edition.cnn.com time to read: +6 min

More than 5,500 tech layoffs less than two weeks into 2024The latest rounds of tech job cuts are occurring across a range of roles and in both Big Tech companies and smaller startups. There were some 262,682 tech industry layoffs recorded in 2023, per Layoffs.fyi data, after 164,969 cuts the previous year. Against that backdrop, the tech industry went on a remarkable hiring spree. Disparate impacts of tech job cuts come under scrutinyAs the tech industry layoffs continue, labor advocates and even lawmakers are taking notice. “Recent findings have consistently shown that minorities and women are vastly overrepresented in industry layoffs,” the letter said.

Persons: Roger Lee, Lee, Dropbox, Goldman Sachs, Parul, Koul, ”, Emanuel Cleaver, Missouri, Barbara Lee of, Julie Su Organizations: CNN, Big Tech, Tech, Google, Unity Software, ”, Chegg, IBM, Alphabet Workers, CWA, Democratic, American, Labor, Department of Labor Locations: Silicon Valley, Barbara Lee of California

☆ Most delivery gig work workers won't be impacted by the new fed rule — yet
▼ + stars: | 2024-01-09 | by ( Alex Bitter | ) www.businessinsider.com time to read: +3 min

But gig delivery companies like DoorDash and Instacart say they don't plan to make any changes. AdvertisementIf you make deliveries as a gig worker, don't expect any changes from a new federal rule — at least, not immediately. But companies that rely on gig workers to make deliveries say they won't need to make any changes. Amazon, which employs gig workers through its Flex delivery arm, did not immediately respond to Business Insider's request for comment. Do you work for Instacart, DoorDash, Walmart Spark, Uber Eats, or another gig delivery service and have a story idea to share?

Persons: —, Julie Su, Uber, Loyola University Chicago Professor Peter Norlander, I'm, Norlander Organizations: Service, Department of Labor, Labor, Department, Flex, Loyola University Chicago Professor, Wall Street, Walmart Locations: DoorDash

☆ 10 industry leaders transforming business in 2023
▼ + stars: | 2023-12-11 | by ( ) www.businessinsider.com time to read: +20 min

In 2023, Business Insider's annual list of People Transforming Business highlights key players across the advertising, ESG, finance, AI, and labor sectors. Increasingly, they're turning to more opaque private credit markets to borrow money. The world of private credit sits outside the traditional banking system. Analysts expect the private credit market to balloon in size — likely keeping lawyers like Breen very busy. Muthukrishnan is trying to make sense of how risky these private credit loans are by overseeing what is so far the most comprehensive look at vulnerabilities in the industry.

Persons: Mira Murati, who's, Vince Toye, Eileen Fisher, Eileen Fisher Fisher, Guerin Blask, Eileen Fisher Eileen Fisher, she's, Fisher, Janelle Jones, Jones, Lexey, —, She's, Justin Breen, Proskauer Breen, Proskauer Justin Breen, he's, Breen, Ares Capital, He's, McLaren, Julie Su, Labor Julie Su, Department of Labor Julie Su, Su, Marty Walsh, Murati, Jim Wilson, Neal Mohan, YouTube Mohan, Katie Thompson, YouTube It's, YouTube isn't, Mohan, Muthukrishnan, Satya Nadella, Microsoft Satya Nadella, Ben Kriemann, Nadella, Steve Ballmer, Mathias Döpfner, Axel Springer, Tim Cook, Apple Cook, Justin Sullivan, Cook, Steve Jobs, Jobs, JPMorgan Chase Toye, JPMorgan Chase, Toye, they'll, Vince Toye's, Bella Sayegh, Rebecca Ungarino, Lara O'Reilly, Juliana Kaplan, Alex Nicoll, Tim Paradis, Stephanie Hallett, Michelle Abrego, Josée Rose, Ryan Joe, Emily Canal, Kaja Whitehouse, Alyssa Powell, Davis, Jonann Brady Organizations: JPMorgan, Service Employees International, SEIU, New York, Ford, Service Employees International Union, United Auto Workers Union, Spelman College, US Department of Labor, Economic Policy Institute, Center for Economic, Research, Department of Labor, The New York Times, Ares, Churchill Asset Management, European, Atlético Madrid, Labor, Labor Department, MacArthur Foundation, New York Times, Dartmouth, OpenAI, Associated Press, YouTube, NFL, DirecTV, Federal, Microsoft, Manipal Institute of Technology, University of Wisconsin -, University of Chicago, Apple, Apple Watch, Google, Time, JPMorgan Chase, National Housing Trust, Trenton Almgren Locations: McDonald's, Lorain , Ohio, Atlanta, California, Los Angeles, Albania, Canada, Muthukrishnan, Hyderabad, India, University of Wisconsin - Milwaukee, OpenAI, Virginia, Wells Fargo, Trenton

☆ The workplace is transforming because workers want good jobs, not just jobs
▼ + stars: | 2023-12-05 | by ( Juliana Kaplan | ) www.businessinsider.com time to read: +7 min

Despite threats to job security such as layoffs, the rise of return-to-office mandates, and the prospect of artificial intelligence taking over jobs, workers have realized what's akin to letting a genie out of the bottle: Their jobs don't have to be just jobs. The push to make jobs back into careers, and good jobs, is just beginning. "And we've also seen just the massive gap between CEO salaries and frontline worker pay." Even so, there's been what Bruno called a "national consciousness raising" around what a quality job is. And thinking toward a future full of quality jobs is a message workers are taking to heart.

Persons: Ingrid Vilorio, She's, Vilorio, It's, Rob Bruno, Bruno, what's, —, Julie Su, Biden, Biden administration's, Su, there's, Zers —, Federal Reserve Banks, Keith Wardrip, Wardrip Organizations: University of Illinois, Workers, Treasury Department, Gallup, United Auto Workers, BI, Federal Reserve, Federal Reserve Bank of Philadelphia Locations: California, University of Illinois Urbana, Champaign, America, Philadelphia, Atlanta

Gene Sperling, the White House liaison for the strike talks, was in daily contact with executives at the UAW and the three automakers. By that point, there was enough trust that the misunderstanding did little from the White House perspective to hurt the relationship. The UAW president declined to endorse the president who had engaged in the historic outreach. So as I said we’ll do that when it’s time.”Still, the White House saw itself as building trust with the UAW as the talks progressed. As soon as a tentative agreement was in place, Barra told the gathered negotiators that she needed to text the White House.

Persons: Joe Biden, Shawn Fain, Biden, Fain, Gene Sperling, Sperling, We’re, Donald Trump, “ I’m, ” Biden, ”, Julie Su, Su, umbrage, “, ” Fain, “ We’ll, Ford, Stellantis, Mary Barra, Barra, Tom Krisher Organizations: WASHINGTON, United Auto Workers, General Motors, UAW, GM, Ford, Chrysler, Democratic, White, Democratic White Houses, Associated Press, Democrats, AP VoteCast, Republican, Labor, Biden, AP Locations: Delaware, Michigan, Pennsylvania, Wisconsin, Detroit

Bond yields fell, and traders of contracts tied to the Fed's policy rate now see only a 12% chance of a rate hike by January, down from 30% before the release of the employment report. Rate futures pricing now reflects a better-than-even chance of a Fed rate cut by May of 2024, with several more cuts expected later next year. U.S. central bankers themselves are not even thinking about rate cuts, Fed Chair Jerome Powell said this week after the Fed kept its benchmark overnight interest rate steady in the 5.25%-5.50% range. "Continued upward momentum would be troubling, and hopefully this recent rise levels off as the labor market recovery continues," said Indeed.com's Nick Bunker. Still for now, most of the worries about the labor market appear to be focused on what might, or might not, happen next rather than on the evidence so far.

Persons: Jerome Powell, Kevin Lamarque, nonfarm, Bond, Powell, Thomas Barkin, Barkin, Michael Feroli, Nick Bunker, Sharif, Julie Su, Ann Saphir, Shristi Achar, Tomasz Janowski, Christina Fincher, Paul Simao, Chris Reese Organizations: Federal, Committee, Federal Reserve, REUTERS, Labor Department, U.S, Fed, Reuters Graphics Reuters, Richmond Fed, CNBC, JPMorgan, Reuters Graphics, Labor, Thomson Locations: Washington , U.S

☆ Job growth slowed in October as the economy settled into a new normal
▼ + stars: | 2023-11-03 | by ( Madison Hoff | Juliana Kaplan | ) www.businessinsider.com time to read: +7 min

AdvertisementAdvertisementThe US economy added 150,000 jobs in October, based on nonfarm payroll employment growth from the Bureau of Labor Statistics or BLS. That's less than September's revised job growth of 297,000. After two straight months of an unemployment rate at 3.8%, the unemployment rate rose slightly to 3.9%. Some of the industries that saw job growth from September to October included healthcare, construction, and leisure and hospitality. "The labor market remains tight, but supply and demand conditions continue to come into better balance," Powell said.

Persons: Jerome Powell, —, payrolls, Biden, Labor Julie Su, Aaron Terrazas, Nick Bunker, that's, Bunker, might've, Terrazas, Powell Organizations: Service, Bureau of Labor Statistics, BLS, Labor, That's, North America, Gross, Bureau, Board, Conference Board

☆ Acting Labor Secretary Julie Su on October jobs report: Entering the stage of steady, stable growth
▼ + stars: | 2023-11-03 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailActing Labor Secretary Julie Su on October jobs report: Entering the stage of steady, stable growthActing Labor Secretary Julie Su joins 'Squawk on the Street' to discuss the October jobs reports, strength of the labor market, and more.

Persons: Julie Su Organizations: Labor

☆ Biden administration wants to kill ‘junk’ fees in retirement investments and advice
▼ + stars: | 2023-10-31 | by ( Jeanne Sahadi | ) edition.cnn.com time to read: +5 min

The DOL’s proposed rule seeks to ensure “all retirement investors receive the same quality of investment advice regardless of product or services,” said DOL Acting Secretary Julie Su in a call with reporters. Across all retirement products, “requiring advisers to make recommendations in the savers’ best interest can increase retirement savers’ returns by between 0.2% and 1.20% per year. Industry pushback expectedThe new proposed rule follows earlier attempts by the Labor Department to broaden and standardize the circumstances in which financial advisers must act in retirement savers’ best interests. It is not clear yet whether the changes called for in the latest proposed rule will be sufficient to quell the opposition earlier versions faced. But industry pushback is expected, including from the Insured Retirement Institute, a trade association for the insured retirement industry.

Persons: Biden, “, ”, Julie Su, —, ’, DOL Organizations: New, New York CNN, Department of Labor, Securities and Exchange Commission, White, Industry, Labor Department, IRI, CNN, — Locations: New York, DOL

☆ Biden administration to crack down on ‘junk fees’ in retirement plans
▼ + stars: | 2023-10-31 | by ( Greg Iacurci | ) www.cnbc.com time to read: +5 min

Tom Williams | CQ-Roll Call, Inc. | Getty ImagesThe Biden administration is cracking down on so-called "junk fees" in retirement accounts. The "hidden costs" of financial conflicts in retirement plans amount to "junk fees," Lael Brainard, director of the White House National Economic Council, said during a press call Monday evening. watch now"It's time to get junk fees out of the retirement savings market," said Julie Su, acting secretary of the Labor Department, during the call. However, the Labor Department can regulate them if sold in a retirement account, according to a Biden administration official speaking on background. It's time to get junk fees out of the retirement savings market.

Persons: Julie A, Su, Tom Williams, Biden, There's, Lael Brainard, Julie Su, Sen, Bill Cassidy, Virginia Foxx, Anna Moneymaker, Obama Organizations: Labor, Health, Education, Washington , D.C, CQ, Inc, Getty, U.S . Department of Labor, Finance, Securities and Exchange Commission, Congressional Research Service, White, National Economic Council, Labor Department, Rep, Economic, SEC, Biden, Department of Labor Locations: Washington ,

Energy Secretary Jennifer Granholm will be in Arizona to talk about power grid and clean energy investment in the rural Southwest. Veterans Affairs Secretary Denis McDonough plans to visit Iowa to discuss improving access to medical care for veterans in rural areas. Health and Human Services Secretary Xavier Becerra will be in North Carolina talking about health care access in rural areas. Acting Labor Secretary Julie Su will be in Pennsylvania to discuss boosting employment opportunities in rural areas. U.S. Trade Representative Katherine Tai will head to Indiana to discuss how international trade can benefit rural farmers and producers.

Persons: Joe Biden, Dean Phillips of, Biden, Phillips, Tom Vilsack, White, Vilsack, Deb Haaland, Jennifer Granholm, Denis McDonough, Isabel Guzman, Miguel Cardona, Xavier Becerra, Julie Su, Katherine Tai Organizations: WASHINGTON, Democratic Rep, Dean Phillips of Minnesota, Administration, White, Smart Commodities, Agriculture Department, Farmers of, Energy, Southwest . Veterans, Small Business Administration, Education, Human Services, Labor, U.S . Trade Locations: Minnesota, America, Indiana, Farmers of America, Wyoming, Colorado, New Mexico, Arizona, Southwest, Iowa, Georgia, New Hampshire, North Carolina, Pennsylvania, U.S

Oct 13 (Reuters) - A union coalition for Kaiser Permanente healthcare workers reached a tentative labor deal with the hospital system on Friday that included across-the-board wage increases after 75,000 members took part in a three-day strike last week. The strike was the largest recorded among medical workers and included nurses, medical technicians and support staff at hundreds of Kaiser hospitals and clinics from California to Virginia. "I’m heartened to see healthcare workers and their employers take this critical step towards securing the pay, benefits, and working conditions these heroes deserve," President Joe Biden said in a statement. The Kaiser union coalition had threatened to strike again for a week starting Nov. 1. The union had said Kaiser would need to hire 10,000 new healthcare workers to fill current vacancies.

Persons: Julie Su, Biden, Joe Biden, Kaiser, Su, Manas Mishra, Leroy Leo, Steve Gorman, Arun Koyyur, Shinjini, Maju Samuel, Jonathan Oatis Organizations: Kaiser Permanente, Labor, Tenet Healthcare, District of Columbia, Writers Guild of America, United Auto Workers, Detroit, Thomson Locations: California, Virginia, San Francisco Bay, Bengaluru, Los Angeles

☆ Kaiser Permanente, union reach tentative agreement after biggest healthcare strike
▼ + stars: | 2023-10-13 | by ( ) www.reuters.com time to read: +2 min

"We are excited to have reached a tentative agreement with the frontline health care workers of the @UnionCoalition this morning," Kaiser Permanente said on social media platform X. Kaiser Permanente and its coalition of healthcare workers unions did not immediately respond to requests for details on the agreement. The unions had said Kaiser outsourcing healthcare duties to third-party vendors and subcontactors also was a major sticking point in talks that have dragged on for six months. Company and union spokespersons had said on Thursday the two sides met in person late in the day at a San Francisco Bay-area hotel. "We are thankful for the instrumental involvement of Acting U.S. Labor Secretary," Kaiser said on X.

Persons: Kaiser, Kaiser Permanente, subcontactors, Julie Su, Manas Mishra, Leroy Leo, Steve Gorman, Shounak Dasgupta, Sriraj Organizations: Kaiser Permanente, Labor, U.S, Unions, U.S . Bureau of Labor Statistics, Thomson Locations: U.S, San Francisco Bay, Bengaluru, Los Angeles

☆ Kaiser Permanente, workers union reach tentative agreement
▼ + stars: | 2023-10-13 | by ( ) www.reuters.com time to read: +2 min

Oct 13 (Reuters) - Kaiser Permanente's healthcare workers union has reached a tentative deal with the company, the union said in a social media post on Friday, moving toward settling a dispute over staffing levels and pay that sparked the largest strike in the U.S. medical sector. Terms of the agreement were not immediately disclosed, but higher pay and increased hiring to address what union officials called crisis-level staffing shortages topped the workers' list of demands. The company has acknowledged staffing shortages plaguing the entire healthcare sector, a consequence of occupational "burnout" from the pandemic, leading to more than 5 million medical workers leaving their jobs. Kaiser Permanente and its coalition of healthcare workers unions did not immediately respond to Reuters' request for details on the agreement. Company and union spokespersons had said on Thursday the two sides met in person late in the day at a San Francisco Bay-area hotel.

Persons: Julie Su, Manas Mishra, Leroy Leo, Shounak Dasgupta Organizations: Kaiser Permanente, Reuters, Union, Kaiser, . Company, Labor, Unions, U.S . Bureau of Labor Statistics, Thomson Locations: U.S, San Francisco Bay, Bengaluru

Oct 13 (Reuters) - Kaiser Permanente's frontline healthcare workers union reached a tentative deal with the company on Friday, moving toward settling a payment and staffing dispute that had sparked the largest recorded strike in the U.S. medical sector. The strike by 75,000 workers last week had put Kaiser at the forefront of a growing labor unrest in the healthcare industry, including among employees of pharmacies and other hospital chains like Tenet Healthcare (THC.N). "What they've achieved here in Oakland (San Francisco Bay Area) is great news for frontline workers, for Kaiser and the patients in their collective care," Su said. Spokespersons for Kaiser Permanente and its coalition of healthcare workers unions said they would provide further details on the agreement later in the day. Kaiser is one of the largest U.S. medical employers with 24,000 doctors, 68,000 nurses, 213,000 technicians, clerical workers and administrative staff.

Persons: Kaiser, Julie Su, Su, Kaiser Permanente, Manas Mishra, Leroy Leo, Steve Gorman, Shounak Dasgupta, Sriraj Kalluvila, Arun Koyyur Organizations: Tenet Healthcare, Labor, Kaiser Permanente, District of Columbia, United Auto Workers, Detroit, U.S . Bureau of Labor Statistics, Thomson Locations: U.S, San Francisco Bay, Oakland, Bengaluru, Los Angeles

☆ Having fun is more expensive than ever. It's making people feel worse about the economy.
▼ + stars: | 2023-10-12 | by ( Noah Sheidlower | Juliana Kaplan | ) www.businessinsider.com time to read: +4 min

Even as inflation cools and the economy stays strong, people still feel uneasy about the current outlook. Now, price growth is slowing down, but not necessarily for the things Americans want. But prices on things Americans want to do — like go to movie theaters, buy alcohol, or care for their pets — are still persistently high. Even with wages going up, inflation is making it more costly to go out to eat or even Netflix and chill. AdvertisementAdvertisementEven as more Americans land jobs, high inflation has left some Americans in dire straits and disproportionately hits the country's lowest earners.

Persons: —, there's, Labor Julie Su Organizations: Service, Student, Suffolk University Sawyer Business School, USA, Labor, Bureau of Labor Statistics, Census Bureau, Survey

☆ Kaiser healthcare unions say weeklong strike possible early next month
▼ + stars: | 2023-10-09 | by ( Steve Gorman | ) www.reuters.com time to read: +3 min

[1/2] Healthcare workers strike in front of Kaiser Permanente Los Angeles Medical Center, as more than 75,000 Kaiser Permanente healthcare workers go on strike from October 4 to 7 across the United States, in Los Angeles, California, U.S. October 4, 2023. The Coalition of Kaiser Permanente Unions said on Monday it has served the company notice that a weeklong "follow-up strike is possible" starting Nov. 1 unless the two sides come to a settlement beforehand. The company did not have an immediate response to the unions' latest strike deadline. The strike, which ran for three days, marked the largest work stoppage to date in the healthcare sector. Kaiser said it kept its hospitals and emergency departments open during the walkout, staffed by doctors, managers and "contingency workers."

Persons: Julie Su, Su, Kaiser, Steve Gorman, Sriparna Roy, Caroline Humer, Shinjini Ganguli, Matthew Lewis Organizations: Healthcare, Kaiser Permanente Los Angeles Medical Center, Permanente, REUTERS, Kaiser Permanente, Coalition, Kaiser Permanente Unions, Union, Kaiser, District of Columbia, Thomson Locations: United States, Los Angeles , California, U.S, Kaiser, California, California , Oregon, Washington, , Colorado, Virginia, Seattle, Los Angeles, Bengaluru

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