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Twitter is already facing a proposed class action claiming the layoffs are imminent and will violate U.S. and California laws if employees are not given advance notice or severance pay. The law defines mass layoffs as those affecting at least 500 employees during a 30-day period, or at least 50 employees if layoffs impact at least one-third of a company's workforce. The lawsuit claims the layoffs violate the WARN Act and a similar California law. The law firm behind that case, Boston-based Lichten & Liss-Riordan, also represents the Twitter workers who sued on Thursday. Enterprise Rent-A-Car, Hertz Corp (HERTZ.UL), restaurant chain Hooters and Florida hotel operator Rosen Hotels and Resorts Inc all settled WARN Act lawsuits over pandemic-related layoffs.

☆ Futures rise with all eyes on key jobs data
▼ + stars: | 2022-11-04 | by ( ) www.reuters.com time to read: +3 min

Nonfarm payrolls is expected to have increased by 200,000 jobs last month after rising 263,000 in September, according to a Reuters survey of economists. The U.S. central bank on Wednesday hiked its benchmark rate by 75 basis points as expected while hinting at smaller increases ahead. However, Fed Chair Jerome Powell said the "ultimate level" of policy rate would likely be higher than previously estimated. ET, Dow e-minis were up 197 points, or 0.62%, S&P 500 e-minis were up 29 points, or 0.78%, and Nasdaq 100 e-minis were up 84.5 points, or 0.79%. Reporting by Shubham Batra, Shreyashi Sanyal and Sruthi Shankar in Bengaluru; Editing by Sriraj KalluvilaOur Standards: The Thomson Reuters Trust Principles.

☆ Worker complaints alleging anti-union shutdowns rise as organizing surges
▼ + stars: | 2022-11-04 | by ( Eli M. Rosenberg | Eli Rosenberg Is An Investigative Tech Reporter For Nbc News. | ) www.nbcnews.com time to read: +13 min

The company, G&D Integrated, had closed the factory, saying it had suddenly lost its decade-old contract with a Japanese company, workers said. Starbucks closed multiple stores this year following union activity. Trader Joe’s, for example, abruptly closed a wine shop in the center of New York City where workers had been organizing. Demonstrators protest outside a closed Starbucks in Seattle on July 16. More than 40 percent of the stores had union campaigns, according to data from Starbucks Workers United, the union that has been organizing the workers.

☆ Morning Bid: Laboring markets get China fillip
▼ + stars: | 2022-11-04 | by ( ) www.reuters.com time to read: +4 min

A look at the day ahead in U.S. and global markets from Mike Dolan. With one eye on the U.S. employment report at the end of a dour week of rising interest rates, world markets were spurred by another slightly mysterious Chinese stock surge. None of these reports have yet been confirmed, but some former officials appeared to encourage the speculation on Friday. The Shanghai Composite (.SSEC) rose 2.7% and was headed for a 5.6% weekly gain, the largest in more than two years. U.S. stock futures were up marginally ahead of the open, however, after another round of heavy index losses on rising interest rate fears on Thursday.

☆ Jobs Report Shows Payrolls Grew 261,000 in October
▼ + stars: | 2022-11-04 | by ( David Harrison | ) www.wsj.com time to read: 1 min

U.S. employers added 261,000 jobs in October, a sign of continued resilience in the labor market, and the jobless rate rose to 3.7%. The October payrolls number marked a decline from the prior month’s upwardly revised 315,000 jobs, the Labor Department said Friday.

☆ U.S. job growth seen smallest in nearly two years in October, unemployment rate up
▼ + stars: | 2022-11-04 | by ( Lucia Mutikani | ) www.reuters.com time to read: +5 min

"The labor market is basically OK, but it does seem to be slowing," said Guy Berger, principal economist at LinkedInin San Francisco. "The Fed is going to try to thread the needle where they slow down the labor market enough to put downward pressure on wages and inflation, without causing a recession." Still, the labor market remains tight, with 1.9 job openings per unemployed person at the end of September. Stripping out any distortions from the weather and calendar quirk, wage growth is cooling. "We believe we've seen wage growth peak," said Michelle Green, principal economist at Prevedere in Columbus, Ohio.

☆ Instant View: Strong Oct US payrolls do not give Fed much scope to relax
▼ + stars: | 2022-11-04 | by ( ) www.reuters.com time to read: +6 min

ROSS MAYFIELD, INVESTMENT STRATEGY ANALYST, BAIRD, LOUISVILLE, KENTUCKY"It's just another data point that proves the labor market is too strong to accommodate what the Fed wants. They're looking for a situation where you don't just have unemployment rate coming up a little bit. You may have it coming up a little bit more." "They may also be looking for lighter jobless claims and a little bit less in the way of average hourly earnings growth. This tightness in the labor market is probably reaching its peak.

☆ Fed seen sticking to rate rises after jobs report
▼ + stars: | 2022-11-04 | by ( ) www.reuters.com time to read: +1 min

[1/2] Federal Reserve Board Chairman Jerome Powell speaks during a news conference after Powell announced the Fed raised interest rates by three-quarters of a percentage point as part of their continuing efforts to combat inflation, following the Federal Open Market Committee meeting on interest rate policy in Washington, U.S., November 2, 2022. REUTERS/Elizabeth FrantzNov 4 (Reuters) - The Federal Reserve is seen taking its benchmark policy rate upward after a government report Friday showed U.S. employers hired more workers than expected last month, but also signaled some signs of slack in the labor market. Futures contracts that settle to short-term U.S. interest rates added to losses immediately after the report, as traders priced in a bigger chance of higher interest rates, and then reversed course. The unemployment rate rose to 3.7%, from 3.5%, the report showed. Futures prices currently reflect close to even odds of a half-point rate hike versus a 75-basis point increase in December, about the same as seen before the report, and a subsequent continued march upward into next year, to a policy rate in the 5.00%-5.25% range.

☆ How NYC's pay transparency law could help millions across the U.S. earn more money
▼ + stars: | 2022-11-04 | by ( Jennifer Liu | ) www.cnbc.com time to read: +7 min

A new pay transparency law is now in effect in New York City, and it's set to help millions of workers across the U.S. earn more money. It could also make sense for companies to publicize pay ranges on all jobs if they plan to allow any work to be done remotely. The law's start date was delayed from the spring after fierce opposition from New York City business groups. Starting January 2023, states including California, Rhode Island and Washington will require companies to list salary ranges in job ads. jobs.citi.comThe problem with basing salary ranges for a current listing on what people previously made is that it could be outdated.

☆ U.S. weekly jobless claims fall; layoffs pick up in October
▼ + stars: | 2022-11-03 | by ( ) www.reuters.com time to read: +3 min

Initial claims for state unemployment benefits slipped 1,000 to a seasonally adjusted 217,000 for the week ended Oct. 29, the Labor Department said on Thursday. Economists polled by Reuters had forecast 220,000 claims for the latest week. Fed Chair Jerome Powell told reporters that the labor market "remains extremely tight," and "continues to be out of balance." The claims report also showed the number of people receiving benefits after an initial week of aid, a proxy for hiring, rose 47,000 to 1.485 million in the week ending Oct. 22. Still, announced layoffs so far this year are down 16% to243,338, the lowest January-October total since Challenger began tracking the series in 1993.

☆ U.S. labor market unwavering despite stiff interest rates hikes
▼ + stars: | 2022-11-03 | by ( Lucia Mutikani | ) www.reuters.com time to read: +7 min

But annual revisions to the data showed productivity much stronger in 2020 and 2021 than previously reported. Unit labor costs - the price of labor per single unit of output - increased at a 3.5% rate after accelerating at a pace of 8.9% in the second quarter. Unit labor costs advanced at a 6.1% rate from a year ago. Growth in unit labor costs was much slower than previously estimated in 2020 and 2021. Labor costs"Both productivity growth and labor cost growth may be understated," said Conrad DeQuadros, senior economic advisor at Brean Capital in New York.

☆ Here's how the Fed's rate hike can move markets and whether to expect a central bank pivot
▼ + stars: | 2022-11-02 | by ( Phil Rosen | ) www.businessinsider.com time to read: +6 min

That bank thinks the Fed is going to skirt any talk of a pivot, and opt for continued rate hikes albeit at a slower pace. Goldman Sachs listed three reasons the Fed will carry on with rate hikes:US inflation will remain "sticky" so a pivot won't be justified. Keeping rate hikes going until March 2023 will set up the central bank for a future pivot. US stock futures rise early Wednesday, as eyes turn toward the Fed's rate hike decision later today. Here's what you want to know about the 1920 rule that's still moving markets more than a century later.

☆ Premarket stocks: Why America's job market hasn't imploded
▼ + stars: | 2022-11-01 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +6 min

Mortgage rates are at their highest levels since 2002, consumer spending and business investment is falling and the Federal Reserve is fighting persistent inflation with higher interest rates. “While job openings should continue to fall in the months ahead, the fact that they remain well above normal levels should continue to support strong job growth, possibly all the way into 2023,” said David Kelly, chief global strategist at JPMorgan Funds. The job market is good for workers but it’s not good for inflation. The problem is that this time around, the shape of the job market is different. Oil stocks and health care companies are leading the market, with Chevron (CVX), Merck (MRK) and Amgen (AMGN) topping the Dow leaders list.

☆ 'The more transparency, the better': How NYC job seekers say visible pay ranges will help them
▼ + stars: | 2022-11-01 | by ( Jennifer Liu | ) www.cnbc.com time to read: +9 min

CNBC Make It wants to hear from workers in New York City who will be impacted by the city's new salary transparency law. Once salary numbers are out, job seekers say public ranges will help them focus on applying to jobs that actually pay what they want — saving them time and anguish of finding out during interviews that the pay is too low. Job seekers say employer fears of losing applicants are overblownMany businesses that oppose the new law say that if they're required to list their pay ranges, competitors can outbid them and scoop up talent, especially in today's tight market. Job seekers say those concerns are overblown. Businesses should be more concerned about how not being transparent could put them on the outs with job seekers, she says.

☆ New York City employers are now required to list salary ranges in their job posts. Here's how that will affect candidates and companies.
▼ + stars: | 2022-11-01 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +5 min

A new law takes effect today requiring most New York City employers to disclose salary ranges in job postings. A lot of New Yorkers are about to find out, as a new salary transparency law takes effect today in New York City. "Employers really want to start to think about how to create a salary range that reflects your current workforce," said Farrell Fritz employment attorney Domenique Camacho Moran. Employers found to be non-compliant will get a first warning, without a monetary penalty, and have 30 days to list salary ranges. Beyond New York, pay transparency legislation is taking hold in other parts of the country.

☆ A state-by-state guide to where you're guaranteed paid time off for voting—and where you aren't
▼ + stars: | 2022-11-01 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +4 min

Federal law doesn't require employers to give employees any time off to vote, much less paid time off. Instead, the laws vary from state to state: Just 29 states and the District of Columbia currently require employers to give employees time off to vote in general elections. Only 23 of them require that you actually get paid for that time, and those rules also vary by state. Some require up to three hours of paid time off, while other states leave it up to employers to determine what constitutes a "reasonable amount of time to vote." That leaves 21 states where your employer is not required to offer you any time off in order to cast your ballot next week.

☆ Salary ranges are coming to NYC job ads on Nov. 1—here's what to know
▼ + stars: | 2022-10-31 | by ( Jennifer Liu | ) www.cnbc.com time to read: +4 min

Experts say legislation that promotes salary transparency from the employer's side is key to closing racial and gender wage gaps. What the law requiresThe law specifically states that beginning Nov. 1, "employers advertising jobs in New York City must include a good faith salary range for every job, promotion, and transfer opportunity advertised." It covers job ads calling for full- or part-time employees, interns, domestic workers, independent contractors or any other category of worker protected by the New York City Human Rights Law. What to expect on Nov. 1Some major companies began including their pay ranges on job ads prior to the Nov. 1 deadline. If a company isn't complying with the law, job seekers and workers can file complaints or leave an anonymous tip with the city's Commission on Human Rights, which may initiate an investigation.

☆ Audi supports one-off staff payments over permanent wage hikes
▼ + stars: | 2022-10-30 | by ( ) www.reuters.com time to read: +1 min

BERLIN, Oct 30 (Reuters) - German carmaker Audi is in favour of offering employees one-off tax-free payments instead of permanent wage increases, its human resources director said, as unions across Europe's biggest economy demand higher wages in light of rising inflation. Workers' purchasing power in Germany has already taken a hit, with consumer price inflation at 11.6% in October. Employers, however, do not see much scope for wage increases due to the rising costs of material and energy. But such payment could be a way to reach an agreement, Audi HR Director Xavier Ros said, adding that responding to rising consumer prices with significant wage increases would harm the economy in the long-term. Audi, a Volkswagen Group (VOWG_p.DE) brand, is not itself a direct partner in the wage negotiations, but it adopts the talks outcomes in a collective wage agreement.

☆ Opinion | Science Has a Nasty Photoshopping Problem
▼ + stars: | 2022-10-29 | by ( Elisabeth Bik | ) www.nytimes.com time to read: +14 min

One evening in January 2014, I sat at my computer at home, sifting through scientific papers. Manipulated imagery in scientific papers can look ordinary at first glance. However, this ability, combined with my — what some might call obsessive — personality, helped me when hunting duplications in scientific images by eye. So when a scientist’s research shows a negative result, cheating can be tempting. Legitimate criticism of scientific research should receive legal protection.

☆ Here are the best ways to convince your boss to let you work from home forever
▼ + stars: | 2022-10-28 | by ( Shana Lebowitz | ) www.businessinsider.com time to read: +7 min

For the past two years, remote work has been in a state of will they or won't they. We asked Greenberg and other career experts about the best ways to convince your boss to let you work remotely. Make a strong business caseConvincing your boss to let you work remotely is like convincing them of anything else. "Oftentimes you're more productive and effective when you're working remotely because you're better able to focus," Reynolds said. Pitch remote work as an experimentLet your boss know you're willing to reevaluate and adjust your work circumstances as necessary.

☆ Searches for seasonal jobs are up 33%—but stores like Walmart and Macy's are pulling back on hiring
▼ + stars: | 2022-10-27 | by ( Kamaron Mcnair | ) www.cnbc.com time to read: +3 min

Searches for seasonal jobs jumped 33% in September compared the previous year, according to an Indeed study published earlier this month. But employer demand for seasonal workers dropped 8.2% in the same time period, meaning more workers could be competing for fewer roles. Despite fewer job postings this year compared to 2021, Indeed still found more seasonal job listings than in 2019 and 2020. Walmart and Macy's are among several major retailers that have announced major cuts to their seasonal hiring target numbers. Also in September, Macy's announced it would hire more than 41,000 seasonal workers, compared to the 48,000 seasonal positions it planned for in 2021.

Employees at General Motors Co. balked at a request to return to the office. At Meta Platforms bosses are asking workers to get more done with fewer resources. Some CEOs say things are so tense that handing out modest raises can spark a backlash in an era of rising inflation. The workplace is in the middle of an unusual collision between what bosses and workers want. Employees feel empowered after two years of changing their work habits and leverage gained in a tight labor market.

The exterior of the Marriner S. Eccles Federal Reserve Board Building is seen in Washington, D.C., U.S., June 14, 2022. Yet even as markets point to another large increase at the final policy meeting of the year in December, sentiment is building within the Fed to take a breather. Even with the existing rate outlook, it was a "closer call than normal" whether recession can be avoided. Inflation, officials acknowledge, has become broader and more persistent than anticipated, and may be slow to decline. Recent staff estimates, recounted in the minutes of the last Fed meeting, indicated the economy may be much "tighter" than anticipated as high demand strains against potential output that may be more limited than thought.

☆ How the warehouse boom devoured America's workforce
▼ + stars: | 2022-10-19 | by ( Aki Ito | ) www.businessinsider.com time to read: +12 min

It all happened so fast, we never got a chance to ask the most fundamental question: Is the sudden and dramatic shift to warehouse work a good thing? Has the explosion in warehouse jobs, taken as a whole, left us better off than before? As my colleague Katherine Long outlines in her story about musculoskeletal disorders, warehouse work is dangerous. "Warehouse workers," he says, "are the assembly-line workers of contemporary capitalism." That experience has given him hope that warehouse jobs, like their assembly-line predecessors, could wind up being a source of both personal pride and economic advancement.

☆ Check out the pitch deck that payroll startup Comprehensive used to raise a $6 million seed round from investors like Inspired Capital
▼ + stars: | 2022-10-17 | by ( Madeline Renbarger | ) www.businessinsider.com time to read: +2 min

Comprehensive is a new HR startup that wants to simplify employee compensation and raises. The startup just launched from stealth and raised a $6 million seed round led by Inspired Capital. Employers can also easily toggle to view employee compensation data by gender and race, along with the dates of each last employee's raise to increase transparency around pay equity. Comprehensive has already secured high profile clients like fintech startups Mercury and Titan, which attracted the attention of the venture team at Inspired Capital. Here's an exclusive look at the 10-slide pitch deck Comprehensive used to raise $6 million from Inspired Capital, Floodgate, SV Angel, and several angel investors:

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