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U.S. Economy Snapshot September 2021 U.S. Economy Snapshot is a monthly presentation of the New York Federal Reserve Bank branch designed to give you a quick and accessible look at developments in the economy. Overview of the September 2021 Snapshot Data over the month showed slower employment growth and some easing of inflation pressures. Output […]
Continue reading …Last week the number of Americans filing new claims for jobless benefits fell to the lowest level in nearly 18 months further evidence that job growth is being slowed by labor shortages rather than declining demand. In the week ending September 4, the advance figure for seasonally adjusted initial claims was 310,000, a decrease of […]
Continue reading …Sept. 9, 2021 — A 2.7 percent consumer spending decline is yet another ominous sign the COVID-19-ravaged US economy is in trouble. The report comes just as millions have lost extended federal unemployment benefits, joining millions more in Republican-led states that cut off enhanced unemployment benefits early. The consumer spending decline comes after last week’s […]
Continue reading …Seek All Available Remedies To Address Unlawful Conduct, the NLRB’s top lawyer said in a memo to the board’s regional offices where much of the work of enforcing labor laws takes place. The National Labor Relations Board’s top attorney issued a memo on Wednesday stating that the board will act forcefully to protect workers’ rights. […]
Continue reading …September 08, 2021 — US staffing revenue will grow by 16% this year to a record total of $157.4 billion, up from 12% growth estimated in the April forecast, according to the “US Staffing Industry Forecast: September 2021 Update” report released this week by the contingent workforce consulting firm Staffing Industry Analysts. “The bounce back […]
Continue reading …Sept. 8, 2021 — Job openings set record levels in the US with 10.9 million in July, up from the previous record of 10.2 million set in June, the U.S. Bureau of Labor Statistics reported today. The most job openings were in in the healthcare and social assistance sector, with a gain of 294,000 listings, […]
Continue reading …Sept. 8, 2021 — The US employment forecast calls for 0.7 percent annual growth with the total number of jobs expanding by 11.9 million jobs from 153.5 million to 165.4 million during the 2020–30 decade, the U.S. Bureau of Labor Statistics reported today. This increase reflects an annual growth rate of 0.7 percent, higher than […]
Continue reading …The twin pressures of the nurse shortage and COVID-19 pandemic are pressing the nursing profession to the brink of collapse with calls for national emergency declaration, strikes and state committing big bucks to bring in more medical help. Last week (Sept. 1, 2021) he American Nurses Association called on the US Department of Health and […]
Continue reading …As we mark the second Labor Day under the pandemic, Americans at the top of the income ladder are seeing their fortunes balloon as working families continue to struggle. Frontline workers are reeling from rising infection risks and tensions over mask and vaccine mandates. The unemployed, who are disproportionately workers of color, are facing the […]
Continue reading …AFL-CIO President Liz Shuler delivered the following remarks at the Christian Science Monitor Labor Day Breakfast: Thank you, Linda [Feldmann], for that kind introduction. This event has become a Labor Day tradition for the AFL-CIO. I know how much you all enjoyed interacting with Rich Trumka. He did the Monitor breakfast 12 times, and enjoyed […]
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