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The decline of job creation at new establishments
By Haley Klundt and Kevin Cooksey “Creative destruction” is often said to be one of the main drivers of economic growth.1 New businesses, innovative ideas, and modern technology replace outdated processes and production to support healthy economic systems. Similarly, the creation and destruction of businesses and jobs provided by those businesses facilitate robust and resilient […]
Markets suffered in September, but October holds promise
01/10/2021 Comments Off on Markets suffered in September, but October holds promise
MANHATTAN (CN) — A perfect storm of negative news pummeled investors this week, as markets closed out the typically volatile month of September on a sour note with potential for a better Octoberon the horizon. The decline on Wall Street began early in the week: On Tuesday, the Dow Jones Industrial Average fell 571 points […]
Continue reading …Bond yields, debt-ceiling stalemate cause market fall
28/09/2021 Comments Off on Bond yields, debt-ceiling stalemate cause market fallMANHATTAN (CN) — Markets tumbled on Tuesday, as a mixture of spiking bond yields and worries about the U.S. debt ceiling caused investors to reassess their positions. The selloff began early and never relented, with the Dow Jones Industrial Average losing 571 points by the day’s end, a 1.6% decline. The S&P 500 and Nasdaq […]
Continue reading …Wall Street courts, then skirts, disaster as Evergrande bonds loom large
24/09/2021 Comments Off on Wall Street courts, then skirts, disaster as Evergrande bonds loom largeMANHATTAN (CN) — A rollercoaster of gains and losses rollicked Wall Street this week in an unexpected echo of the wild swings of early 2020, when the Covid-19 pandemic first struck. It began Monday with the Dow Jones Industrial Average falling 614 points — which was an improvement from the point that day when it […]
Continue reading …Heightened US-China tensions present economic opportunities for Mexico
22/09/2021 Comments Off on Heightened US-China tensions present economic opportunities for MexicoMEXICO CITY (CN) — Seeing the intensifying friction between the United States and China as an opportunity to deepen economic ties with its second-biggest trading partner, Mexico’s newly appointed ambassador to China, Jesús Seade, announced in early September that he intends to “strengthen bonds of friendship” with the Asian nation. His plan includes promoting Chinese […]
Continue reading …Investors tread water, surprised by retail sales and inflation
17/09/2021 Comments Off on Investors tread water, surprised by retail sales and inflationMANHATTAN (CN) — Major U.S. indices did not move much from last week, despite some good news creeping through the usual soup of economic data. By the week’s end, the Dow Jones Industrial Average closed only 24 points lower than last Friday. The S&P 500 and Nasdaq fared similarly, gaining some early in the week […]
Continue reading …California adds nearly 50% of new US jobs in August
17/09/2021 Comments Off on California adds nearly 50% of new US jobs in AugustSACRAMENTO, Calif. (CN) — California’s unemployment rate remains stubbornly high at 7.5% but its months-long hiring spree continues as the state accounted for nearly half of the nation’s new jobs in August. Buoyed by big gains in the government and leisure and hospitality sectors, California employers added 104,000 new jobs —more than any state — […]
Continue reading …Biden tells rich to ‘pay your fair share’
16/09/2021 Comments Off on Biden tells rich to ‘pay your fair share’WASHINGTON (CN) — President Joe Biden on Thursday bit back at Republicans who’d described his economic recovery plan as excessive spending, pointing to their support of his predecessor’s nearly $2 trillion in tax cuts for big corporations and the wealthy. “Almost none of that $2 trillion tax cut was paid for,” Biden said of former […]
Continue reading …Judge rules California gig workers law is unconstitutional
20/08/2021 Comments Off on Judge rules California gig workers law is unconstitutional(CN) — A California Superior Court judge ruled Friday evening that a 2020 ballot measure that considered California gig workers as independent contractors with limited benefits is unconstitutional. The movement behind Proposition 22 was supported by gig economy companies such as Uber, Lyft and DoorDash, who spent more than $200 million to promote the ballot […]
Continue reading …California jobless rate steady at 7.6%, but experts say labor market picking up steam
20/08/2021 Comments Off on California jobless rate steady at 7.6%, but experts say labor market picking up steam(CN) — California’s unemployment rate remained at 7.6% in July, with employers adding 114,400 payroll jobs. That rate remains above the national 5.4% unemployment rate, according to numbers released Friday by the U.S. Bureau of Labor Statistics and the California Employment Development Department. July’s numbers mirror the state’s unemployment rate for June, which was initially […]
Continue reading …- Celebrating the Resilience of Low-Income Women
- CEOs Get to Retire Comfortably. Workers Like Me Deserve the Same.
- Jobs Increased 339,000 In May, Unemployment Up 0.3% To 3.7%
- The decline of job creation at new establishments
- Contractor faces 2 serious citations after US Department of Labor finds safety failures led to welder’s death at Bonner Bridge demolition project
- Investigation into worker’s severe arm injury finds Cusseta auto parts manufacturer, supplier willfully ignored safety precautions
- ‘It’s a sweat factory’: Instacart workers ready to strike for pay and conditions
- Ships backed up outside US ports pumping out pollutants as they idle
- Privacy fears as Moscow metro rolls out facial recognition pay system
- ‘We are not machines’: Hollywood workers poised to strike for better conditions
- Boeing pilot indicted for allegedly deceiving US regulators over 737 Max
- Ipswich apprentice butcher encourages others to consider industry
- Ipswich apprentice butcher encourages others to consider industry
- Over 10,000 John Deere workers strike over ‘years’ of poor treatment
- Corporations are pledging to be ‘water positive’. What does that mean?
- US Department of Labor investigation of crane collapse, double fatality on Interstate 10 finds Lufkin company failed to assemble crane properly
- For the 6th time in 7 years, federal inspectors find Illinois contractor putting construction workers at risk of industry’s deadliest hazard
- US Department of Labor proposes $83K in fines to healthcare facility for failing to protect workers from coronavirus hazards
- Facebook says it will do more to prevent online hate, harassment
- As U.S. prepares to reopen border, some urge Canada to relax testing requirement
- Biden orders companies to ease supply chain bottlenecks or he’ll ‘call them out’
- What is the ‘new model’ the EU is proposing for Northern Ireland?
- Apple to make 10 million fewer iPhones due to microchip shortage
- US Department of Labor, Mexican Consulate in Boston enter alliance to promote workplace safety, health among New England’s workers
- US Department of Labor sues Austin luxury car dealer that retaliated against employee who raised concerns of coronavirus hazards
- Vaccine hesitant New Yorkers consider leaving the city as mandates take effect
- Carbon emissions ‘will drop just 40% by 2050 with countries’ current pledges’
- House passes bill to raise US debt ceiling through early December
- ‘The stakes couldn’t be higher’: GE urged to invest in green US jobs
- Zellers returns — kind of — but the lowest price isn't quite the law
- Cement makers across world pledge large cut in emissions by 2030
- India faces electricity crisis as coal supplies run critically low
- California justice department to investigate enormous oil spill