NEW YORK (AP) — Before the pandemic, Cheryl Woodard used to take her daughter and her friends to eat at a local IHOP in Laurel, Maryland after their dance practice. But now they hardly ever go there because it closes too early. “It’s a bit frustrating because it’s not as convenient as it used to …
Shoppers and workers clash over post-pandemic expectations Read More »
Last Friday’s strong payroll data sparked a lot of discussion about the current labor situation. Often oversimplified and devoid of context, it has created a somewhat misleading image. I have a few thoughts that I’ve been thinking about that will hopefully provide some of the missing context. The labor market presents challenges for investors. Take …
Why aren’t there enough workers? – The Big Picture Read More »
“We have seen a long-term trend in workers’ compensation that is continuously improving. Frequencies have been declining for many, many years now, while employer safety has steadily improved. But then we were hit with this very dramatic shock, something that impacts the workplace and the way people work,” Pulkstenis told Insurance Business. EMC Insurance, a …
Will the workers compensation market remain resilient in 2023? Read More »
Recession fears have grown in recent weeks as inflation continues to weigh on household budgets and the Federal Reserve looks set to raise interest rates and further slow the economy. As if unaware, however, the job market boomed. Hiring last month exceeded expectations and defied warnings of a slowdown. But the good jobs news could …
How millions of missing workers are coping without a job Read More »
In our click-driven world, the threat of a US freight railroad strike and President Biden’s intervention to prevent it have been the news for the past week. But there are two groups for whom the averted strike is still front and center: the 115,000 railroad workers who will be forced to work under the terms …
The averted national railroad strike is a parable of contemporary American capitalism Read More »
Railroad workers could leave the industry after Congress forced a contract that grants them no paid sick leave, an exodus that would ripple through an economy dependent on freight railroads to move goods. The exit of thousands of train drivers and engineers would be felt by big business and American consumers alike. It could slow …
Rail workers warn of exodus after Congress pushes through deal Read More »
Jipping has been essential in the United States for generations, but it’s becoming increasingly rare to leave a few $1 bills on the table – now when we pay for an Uber, buy a coffee or order takeout, a screen asks for know how much we want to tip, with a clear focus on the …
Service workers left behind as Americans cut tips Read More »
Economic policymakers and business leaders are very concerned about wage inflation. Average workers, not so much. Indeed, growth in real monthly wages around the world – which reflects the purchasing power of wages once cost-of-living inflation is taken into account – actually fell to -0.9% in the first half of 2022. This is the first …
‘Wage inflation? What wage inflation? ask the workers Read More »
Fox News Congressional Correspondent Chad Pergram reports on Congressional efforts to fund the government with two weeks to avoid a shutdown. Railroad workers are speaking out after Congress voted last week to avert an industry strike that could have had catastrophic economic consequences. BNSF railroad conductor Justin Schaaf told The Associated Press he had to …
Comment this story Comment For the most part, the jobs numbers released on Friday were excellent: stronger-than-expected job growth, near-record unemployment, hiring across most major sectors of the economy. None of these measures signal an economy in recession, despite the widespread perception among voters that we are already in one. A troubling puzzle remains, however. …
