Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "Age Labor"


25 mentions found


This trend bucked the overall unemployment rate, which inched lower to 4.1% in September, down just 0.1 percentage point from August. In September, Black men saw their jobless rate fall to 5.1% from 5.9% in the month prior. The jobless rate similarly fell for Hispanic men to 4.1% from 4.8% last month. The unemployment rate for men in Black and Hispanic racial groups declined in September while staying little-changed for other racial groups, according to data released Friday by the Department of Labor. "Black unemployment typically holds about two times higher than White unemployment, among the first to be laid off.
Persons: Sarah Foster, Foster, Organizations: Amerant Bank, Department of Labor Locations: Florida, Sunrise , Florida, Black
Now, the retail giant is turning to generative AI to drive more same-day shipping. But not all the changes that generative AI may bring to the e-commerce giant are positive. Robots and new rolesThe number of Amazon warehouse robots grew from 350,000 in 2021 to more than 750,000 in 2023, according to the company. "They're using generative AI and computer vision to avoid obstacles and find the right place to stop," Armato said. Amazon's AI is three times better at identifying damaged products than humans are, the company said.
Persons: Steve Armato, Armato, Lisa Setyon, Tom Forte, Forte, it's, Katie Tarasov Organizations: Amazon, CNBC, Amazon's, Maxim, Senate Locations: California, Tracy, U.S, Tracy , California, Richmond , California
There are cracks forming in the US jobs market
  + stars: | 2024-08-02 | by ( Alicia Wallace | ) edition.cnn.com   time to read: +9 min
CNN —The pandemic threw the US job market into chaos, but four years later, things finally seem to be back to normal. Most indicators support the idea that the labor market is no longer overheated and could easily maintain a new normal of steady, but slower growth. The unemployment rate is expected to hold steady at 4.1%, according to FactSet consensus estimates. “This is a labor market that’s otherwise moderated,” Nick Bunker, director of North American economic research at Indeed, told CNN. The same goes for the prime-age labor force participation rate, which at 83.7% also is the highest in 23 years.
Persons: hasn’t, Jerome Powell, Nick Bunker, Powell, Nancy Vanden Houten, , , , , Madhavi Bokil, Indeed’s Bunker, Bunker, ” Elise Gould, ” Bunker, “ It’s, Julia Pollak, ” Pollak, can’t Organizations: CNN, Federal, of Labor, Challenger, Economic Policy Institute, Locations: Oxford
CNN —The pandemic threw the US job market into chaos, but four years later, things finally seem to be back to normal. Most indicators support the idea that the labor market is no longer overheated and could easily maintain a new normal of steady, but slower growth. “This is a labor market that’s otherwise moderated,” Nick Bunker, director of North American economic research at Indeed, told CNN. Labor force participation/employment to population ratio: These metrics are key reasons why Bunker and others believe the labor market remains in good shape. The same goes for the prime-age labor force participation rate, which at 83.7% also is the highest in 23 years.
Persons: hasn’t, Jerome Powell, Nick Bunker, Powell, Nancy Vanden Houten, , , , , Madhavi Bokil, Indeed’s Bunker, Bunker, ” Elise Gould, ” Bunker, “ It’s, Julia Pollak, ” Pollak, can’t Organizations: CNN, Federal, of Labor, Challenger, Labor, Economic Policy Institute, Locations: Oxford
New York CNN —The American dream of homeownership is looking more like a nightmare. With inflation heating up again, the Federal Reserve is in no position to consider lowering interest rates at its upcoming meetings. That’s according to a New York Fed survey gauging consumers’ expectations of the housing market, released Monday. Consumers are gearing up for even bigger increases compared to the expected rise in mortgage rates over the next year, the New York Fed survey found. The issue of rent affordability is particularly pronounced in New York City, where housing costs have always been notoriously high compared to other parts of the country, absent a brief respite during the pandemic.
Persons: That’s, Kenny Lee, Aditya Bhave, Neel Kashkari, Bhave, ” Bhave, , Perdue “, , Read, TikTok, Joe Biden, Brian Fung, Bytedance Organizations: CNN Business, Bell, New York CNN, Federal, New, Fed, Zillow, Bank of America, CNN, Minneapolis, Bloomberg, United States Department of Labor, Seaboard Triumph Foods, Perdue, Labor Department, Seaboard, Labor, Packers Sanitation Services, Appeals, District of Columbia Circuit Locations: New York, New York City, Fayette, DOL, Sioux City , Iowa, Accomac , Virginia, China
New York CNN —A janitorial company has been fined $649,000 after an investigation found it hired minors for dangerous jobs cleaning slaughterhouses, the United States Department of Labor said Monday. Fayette Janitorial Service had employed at least 24 children, including those as young as 13, according to the DOL investigation. The minors had been working overnight shifts at two separate slaughter facilities, according to the DOL. The company said in February that it had ended all of its contracts with Fayette, according to the Sioux City Journal. Instances of illegal child labor have been growing in recent years, and other contractors have been fined over employing minors.
Persons: ” Fayette, , Perdue “, , – CNN’s Melissa Alonso, Ramishah Maruf Organizations: New, New York CNN, United States Department of Labor, CNN, Seaboard Triumph Foods, Perdue, Labor Department, Seaboard, Sioux City, Packers Sanitation Services Locations: New York, Fayette, DOL, Sioux City , Iowa, Accomac , Virginia
Despite the blue-collar affectations of some of its most visible leaders or the populist rhetoric of its most vocal cheerleaders, it has never been more obvious that the Republican Party is the party of the boss, and in particular the party of the small-business tyrant. Who or what is the small business tyrant? It’s the business owner whose livelihood rests on a steady supply of low-wage labor; who opposes unions, resents even the most cursory worker protections and employee safety regulations, and who views those workers as little more than extensions of himself, to use as he sees fit. The small-business tyrant is, to borrow an argument from the writer and podcaster Patrick Wyman, an especially reactionary member of America’s landowning gentry: local economic elites whose wealth comes primarily from their ownership of physical assets. Those assets, Wyman explains, “vary depending on where in the country we’re talking about; they could be a bunch of McDonald’s franchises in Jackson, Mississippi, a beef-processing plant in Lubbock, Texas, a construction company in Billings, Montana, commercial properties in Portland, Maine, or a car dealership in western North Carolina.”To look at Republican politics at the state level is to see an economic agenda dominated by the worst of this particular class.
Persons: podcaster Patrick Wyman, Wyman Organizations: Republican Party, Republican Locations: Jackson , Mississippi, Lubbock , Texas, Billings , Montana, Portland , Maine, North Carolina
I thought I would follow up my Tuesday column on abortion rights with this report from The Associated Press, on the state of emergency services for pregnant women. One woman miscarried in the lobby restroom of a Texas emergency room as front desk staff refused to check her in. And in North Carolina, a woman gave birth in a car after an emergency room couldn’t offer an ultrasound. shows, is needless suffering:The staff at Person Memorial Hospital in Roxboro, N. C., told a pregnant woman who was complaining of stomach pain that they would not be able to provide her with an ultrasound. Republican lawmakers do not seem too concerned with the fact that there are no real exceptions to their abortion laws.
Persons: Roe, Wade, you’ve, You’ve, , John Ganz Organizations: Associated Press, U.S, Supreme, The Associated Press, , Person Memorial, United Auto Workers Locations: Texas, Florida, North Carolina, Roxboro
Mark Zandi, chief economist at Moody's Analytics, said the increase in foreign-born workers is "taking pressure off the economy." The growth in foreign-born workers comes amid a contentious immigration policy debate in the U.S. Immigrants' share of the labor force has increased since 1996, when the Bureau of Labor Statistics began collecting such data. A growing population and labor force are key components of a healthy economy and the nation's ability to pay its bills, economists said. In other words, the economy is both absorbing immigrants and generating job opportunities for U.S.-born workers, the institute said.
Persons: Mark Zandi, it's, Alejandro Mayorkas, John Moore, Muzaffar Chishti, Jack Malde, Qian Weizhong, Steven Camarota, Camarota, Paul Ratje, Eric Thayer, Malde, EPI, Zandi, There's, Luis Alvarez Organizations: U.S . Bureau of Labor Statistics, Moody's, Republicans, U.S, Department of Homeland, U.S . Border Patrol, U.S . Department of Homeland, Getty, Migration Policy Institute, CNBC, Foreign, U.S . Immigrants, Bureau of Labor Statistics, Pew Research Center, Social Security, Congressional, Office, Center, Immigration, . Border Patrol, Getty Images, Federal Reserve Bank of San, Center for Immigration Studies, Afp, Bloomberg, Economic Policy Institute, National Academies of Sciences, Engineering, Medicine, Digitalvision Locations: U.S, Mexico, Eagle Pass , Texas, San Diego , California, Federal Reserve Bank of San Francisco, Paso, Ciudad Juarez , Mexico, Los Angeles
NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Market confidence can rebound if Beijing is less hesitant about implementing solutions, specifically those targeting its spanning property sector and domestic consumption. Lower rates would depreciate the yuan, some fear, but this risk would diminish alongside an economic support package, Wang said. Advertisement"The benefit of rate cuts is likely to far outweigh the negative impact of modestly widening the US-China rate gap," she noted.
Persons: Tao Wang, , Wang Organizations: UBS, FT, Service, Financial Times Locations: China, Beijing, Shanghai
“Minors were used to clean dangerous kill floor equipment such as head splitters, jaw pullers, meat bandsaws, and neck clippers,” the Labor Department said in a news release Wednesday. CNN has reached out to Fayette Janitorial Services and STF for comment. To fulfill janitorial service contracts, the janitorial company employed at least 24 children between the ages of 13 and 17 to work overnight shifts cleaning dangerous equipment, the complaint says. According to the filing, the janitorial company employed 15 children, as young as 13-years-old, in Virginia and at least nine children in Iowa on its overnight sanitation shifts. On January 10, 2022, Fayette hired one minor “to work the overnight sanitation shift at the Perdue Facility, when he was 13 years old,” said the complaint.
Persons: , Perdue, , Fayette, Seema Nanda, ” Nanda Organizations: CNN, U.S . Labor Department, Labor Department, Labor, Seaboard Triumph Foods, Perdue, , Perdue Facility, Fair Labor Locations: Tennessee, Fayette, Sioux City , Iowa, Accomac , Virginia, Virginia, Iowa
Another AI medical records startup, DeepScribe, raised a $30 million Series A round in January 2022. AbridgeThe investor descent on medical-scribe startups reflects a blatant potential of automation tech to alleviate healthcare’s most critical issues. “This market is screaming hot,” said Bryan Roberts, a partner at Venrock and an investor in medical-scribe startup Suki. AdvertisementStill, as health systems increasingly adopt AI solutions to manage labor costs, these startups have room to grow into their valuations. Medical-scribe startups vying for the remaining slice of the pie are “in a pitch to the death,” Roberts said.
Persons: , , Kleiner Perkins, Andreessen Horowitz, Suki, Punit Soni, Shiv Rao, , Bryan Roberts, ” Roberts, Annie Case, Case, Hermann, Keith Srakocic, Roberts, there’s, Organizations: Service, Business, Healthcare, Fund, Optum Ventures, Medical, Cathay Innovation, Microsoft, University of Pittsburgh Medical Center, University of Kansas Health, AP
Car repairs are getting more expensive. Here's why
  + stars: | 2024-02-11 | by ( Robert Ferris | In | ) www.cnbc.com   time to read: +4 min
Your eyes aren't fooling you — your car repair bill really is getting more expensive. Repair costs are rising relative to the overall rate of inflation. Motor vehicle maintenance and repair costs increased 4.1% per year from November 2013 to November 2023, compared with just 2.8% for the overall consumer price index. Meanwhile, talent to repair cars is scarce. Many in the auto space think costs can't continue to rise at these rates.
Persons: David Goldsmith, Mitchell, hasn't, Matt Moore, Goldsmith, Ryan Mandell, Mandell, Alan Amici Organizations: Urban, Data, Insurance Institute for Highway, Mitchell, Technicians, Center for Automotive Research Locations: Brooklyn, New York City, U.S
Opinion | Can America Survive a Party of Saboteurs?
  + stars: | 2024-02-08 | by ( Paul Krugman | ) www.nytimes.com   time to read: +1 min
Almost four years have passed since Congress approved and Donald Trump signed a huge relief bill designed to limit the financial hardship created by the Covid-19 pandemic. The CARES Act did its job. Furthermore, fears that generous aid during the pandemic would undermine America’s work ethic — that adults would leave the labor force and never come back — proved totally wrong. So the CARES Act was a huge policy success. But given recent political developments, I’ve found myself thinking: What would have happened if Democrats in 2020 had behaved like Republicans in 2024?
Persons: Donald Trump, , San Francisco Fed, I’ve Organizations: Federal Reserve, San Francisco, Age Labor
___Their recommendations include securing land rights for women, promoting women's cooperatives and encouraging women to lead on developing climate policy. The link between phenomena like uterine prolapse and climate change is indirect but significant, said Seema Bhaskaran, who tracks gender issues for the nonprofit Transform Rural India Foundation. “It must prioritize awareness programs that emphasize the specific health challenges women face in the wake of climate change as a critical step towards increasing public knowledge. These efforts will also serve as a call to action for governments, institutions, and communities to prioritize women’s health and well-being as a central component of their climate initiatives,” she added. “Definitely there is a very clear recognition that climate has a health impact and health needs to be considered more seriously,” she said.
Persons: Manju Devi, Devi, hadn’t, ___, Seema Bhaskaran, Bhaskaran, Savita Singh, Singh's, Singh, , Babita Kumari, Kumari, Poonam, COP28, Anjal Prakash, Shweta Narayan Organizations: DELHI, India Climate Journalism, Associated Press, Stanley Center for Peace, Security, Press Trust of India, India's, Transform Rural, Foundation, Climate Central, Population Foundation of India, Bharat Institute of Public, Indian School of Business, United Nations, Health, AP Locations: Delhi, Dubai, India, New Delhi, Syaraul, Uttar Pradesh, Nanu, U.S
REUTERS/Kamil Krzaczynski/File Photo(Reuters) -Walmart corporate staff are getting new titles and pay packages in the coming weeks to manage labor costs and simplify the structure of the company’s workforce, the Wall Street Journal reported on Saturday. Starting in November, many corporate workers at Walmart and Sam’s Club, its warehouse chain, will be reclassified into fewer groups of possible titles and pay. Base pay and total bonus benefits won’t fall for any workers. Around 4%, or 2,000, will receive an eventual reduction in stock-option awards as part of the change, the report added. Earlier this month, Walmart changed the hourly starting wage structure for entry-level store workers.
Persons: Kamil Krzaczynski, Kim Lupo Organizations: REUTERS, Walmart, Wall Street, Sam’s, Base Locations: Chicago , Illinois, U.S
REUTERS/Kamil Krzaczynski/File Photo Acquire Licensing RightsCompanies Walmart Inc FollowSept 30 (Reuters) - Walmart (WMT.N) corporate staff are getting new titles and pay packages in the coming weeks to manage labor costs and simplify the structure of the company's workforce, the Wall Street Journal reported on Saturday. Starting in November, many corporate workers at Walmart and Sam's Club, its warehouse chain, will be reclassified into fewer groups of possible titles and pay, the report added. Around 4%, or 2,000, will receive an eventual reduction in stock-option awards as part of the change, the report said. The change is "good compensation hygiene," and ensures Walmart is "appropriately rewarding similar levels of work," Lupo said. Earlier this month, Walmart changed the hourly starting wage structure for entry-level store workers.
Persons: Kamil Krzaczynski, Kim Lupo, Lupo, Gursimran Kaur, Andrea Ricci, Marguerita Choy Organizations: REUTERS, Walmart, Wall Street, Sam's, Base, Workers, Thomson Locations: Chicago , Illinois, U.S, Bengaluru
A Wisconsin sawmill operator has agreed to stop hiring children after the death of a teenager. Michael Schuls, 16, died of "traumatic asphyxia" after an accident at Florence Hardwoods. The company also employed nine children, some as young as 14, "to illegally operate machinery," including saws for processing lumber. AdvertisementAdvertisement"While we did not knowingly or intentionally violate labor laws, we accept the findings and associated penalties," Florence Hardwoods said in a statement provided to Insider. In May, a pair of Wisconsin Republicans began circulating a bill that would allow 14-year-olds to serve alcohol; earlier, the state's Republican-led legislature legalized children working as late as 11 p.m.
Persons: Michael Schuls, Labor Julie Su, Schuls, Seema Nanda, , Kim Reynolds, May, Reynolds, cdavis@insider.com Organizations: Labor, Service, US Department of Labor, Green Bay Press, Gazette, Sheriff's, Press - Gazette, Department of Labor, Wisconsin Republicans, Republican, Des Moines Register Locations: Wisconsin, Florence, Wall, Silicon, Mississippi, Iowa
The United Auto Workers union is negotiating new four-year contracts with Ford, GM, and Stellantis. UAW President Shawn Fain isn't ruling out a strike, potentially at more than one company. The White House has weighed in as the automotive industry's labor union, the United Auto Workers, is gearing up for a fight with Detroit's Big Three car companies this summer and fall. The average labor costs for the Detroit Three heading into contract talks four years ago hovered between $55 and $60 per hour. Correction: July 27, 2023 — An earlier version of this story incorrectly said workers at GM's Ultium plant were not represented by a Union.
Persons: Shawn Fain isn't, Detroit's, Joe Biden, Biden, Ford, Shawn Fain, He's, Fain, Biden's, John Deere, Tesla Organizations: United Auto Workers, Ford, GM, Detroit, UAW, Morning, Chrysler, Jeep, Facebook, University of California, EV, Lordstown, Labor, Center for Automotive Research, Union Locations: Tennessee
A recent report by the Bank of America Institute compared population with housing supply. San Antonio, Dallas, Orlando, and Houston have high population growth and low housing supply. Anna Zhou, an economist at the Bank of America Institute, said in a recent report that housing supply is unusually constrained right now, as measured by months' supply. Finally, cities in the upper-left quadrant identified in red have high housing supply but a declining population, putting them in the "cold" group. Zhou highlighted San Antonio, Dallas, Orlando, and Houston as among the "hot" cities experiencing high population growth coupled with low housing supply.
Persons: Anna Zhou, Zhou, That's, US . Bank of America Zhou Organizations: Bank of America Institute, Houston, Bank of America, National Association of Realtors, US . Bank of America, BofA Global Research, Jacksonville, Las Vegas, Portland , Oregon ., Portland , Oregon . Los Angeles Locations: San Antonio, Dallas, Orlando, Cities, Tampa, Jacksonville, Antonio, Houston, 2Q24, St, Louis, Detroit, Miami, droves, Jacksonville , Florida, Columbus , Ohio, Charlotte, Nashville, San Francisco , New York, Boston, Portland , Oregon, Portland , Oregon . Los
Private education and health services saw a one-month job gain of 100,000, with healthcare and social assistance seeing a gain of 87,100. Leisure and hospitality, construction, and financial activities are some of the other industries that saw job growth. Julia Pollak, chief economist at ZipRecruiter, told Insider Friday's report from BLS showed a slowing labor market but one that's "still very solid." Different data points before Friday's jobs report suggest that the labor market is still a strong jobs market for workers and job seekers. Pollak described the labor market as sustainable, and Bunker described it as robust. So this is still a strong, resilient, robust labor market."
Persons: payrolls, Daniel Zhao, Julia Pollak, Pollak, it's, Nick Bunker, Tuesday's, Bunker, Labor Julie Su, we're Organizations: payrolls, Service, of Labor Statistics, BLS, Friday's BLS, North America, Bureau of Labor Statistics, Labor Locations: Wall, Silicon, Friday's
The prime-age participation rate, for one, focuses on the 25-to-54 age group cohort. watch now"The durability of this labor market largely comes because we simply don't have the people," said Rachel Sederberg, senior economist for job analytics firm Lightcast. They don't even come close to the Baby Boomers who have left the labor market." Those measures include job data from alternative sources, the job openings count from the Labor Department, and the firm's own employer surveys. The trick, said Lightcast economist Sederberg, is for the labor market to be cooling but not crashing.
Persons: Jeff Greenberg, Jeffrey Roach, Roach, , Covid, Rachel Sederberg, We've, X, Tom Garretson, Garretson, Goldman Sachs, Goldman, Spencer Hill, Hill, Sederberg, we've Organizations: Miami, Universal, Getty, Federal Reserve, LPL, Baby Boomers, RBC Wealth Management, RBC, Labor Department Locations: Miami Beach , Florida, Normandy Isle, 7ty, U.S
JBS has said that they do not tolerate child labor and that they would stop using PSSI at every location where the child labor violations were alleged to have occurred. In addition, the Wage and Hour Division of the Labor Department is currently pursuing more than 700 open child labor cases. Officials at the Labor Department emphasized in a press call this week that the increase in child labor violation findings is partially due to “significantly enhanced child labor enforcement efforts” in recent months. The fight to weaken child labor lawsThe Department of Labor on Thursday said its interagency task force on child labor has begun cross-training with other governmental agencies like Health and Human Services and the Office of Refugee Resettlement to identify and report possible incidences of child labor exploitation. But at the same time that violations of child labor protections are rising, states across the country are introducing legislation to weaken child labor laws.
Persons: it’s, , Labor Julie Su, Jordan Barab, Obama, Barab, JBS, Cargill, ” PSSI, PSSI, , That’s, DOL, Karen Garnett, Tiffanie Boyd, there’s, David Weil, Weil, Jaehoon, Jay, Chang, ” McDonald’s, they’re, Biden, Sen, Rich Draheim, “ That’s Organizations: New, New York CNN, Labor Department, Packers Sanitation Services Inc, Cargill, JBS, Department of Labor, Labor, Occupational Safety, Health Administration, PSSI, Blackstone Group, CNN, McDonald’s, of, “ Employers, Heller School for Social Policy, Management, Brandeis University, Hyundai, Kia, Health, Human Services, Refugee Resettlement, US Department of Agriculture, Economic, Institute, Minnesota, Republican Locations: New York, Nebraska, JBS USA, Minnesota, Louisiana, Texas, Louisville , Kentucky, McDonald’s, United States, DOL, Alabama, Colombia, El Salvador, Guatemala, Honduras, Mexico, Missouri , Ohio, South Dakota, Arkansas, Iowa, America
Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. The unemployment rate dropped to 3.6% in the most recent month. In many states, unemployment is at or near record lows, with the unemployment rate in South Dakota at just 1.8%. Construction spending on manufacturing is soaring, while manufacturing employment recently hit its highest level in 15 years. And the dream scenario for the economy, to get inflation down without a sharp spike in unemployment or a recession, is looking more likely by the day.
Persons: It's Organizations: Service Locations: Wall, Silicon, South Dakota
The UAW is negotiating new four-year contracts with Ford, GM, and Stellantis. UAW President Shawn Fain isn't ruling out a strike, potentially at more than one company. The automotive industry's labor union, the United Auto Workers, is gearing up for a fight with Detroit's Big Three car companies this summer and fall. Fain has said he is not ruling out a strike in this round of talks, potentially at more than one company. The average labor costs for the Detroit Three heading into contract talks four years ago hovered between $55 and $60 per hour.
Persons: Shawn Fain isn't, Detroit's, Shawn Fain, He's, Fain, John Deere, Tesla Organizations: UAW, Ford, GM, Detroit, Morning, United Auto Workers, Chrysler, Jeep, Facebook, University of California, EV, Lordstown, Labor, Center for Automotive Research Locations: Tennessee
Total: 25