By Hilary Russ (Reuters) -The COVID-19 pandemic, labor shortage, Black Lives Matter movement and other social and economic forces have contributed to an uptick in high-profile union organizing across the United States including a victory on Friday at an Amazon.com Inc warehouse in New York City. Among U.S. wage and salary workers last year, 10.3%…
DETROIT (AP) — New-vehicle sales in the U.S. fell about 12% in the first quarter compared with a year ago, as the global computer chip shortage continued to slow factories amid high consumer demand. General Motors reported Friday that its sales were down 20% for the quarter, while Toyota sales were off 15%. Stellantis sales…
WASHINGTON (AP) — Solid hiring, strong wage gains and sharp price increases are drawing more Americans into the workforce. The trend, if sustained, would mean some long-awaited relief for businesses that have been desperate to fill jobs. The number of people either working or looking for work still hasn’t fully recovered from the mass layoffs…
By Koh Gui Qing NEW YORK (Reuters) -Government bond yields resumed their upward climb on Friday as a key part of the U.S. Treasury yield curve inverted once more on signs of persistent inflation, while falling oil prices ended the week with their sharpest weekly drop in two years. U.S. data released on Friday showed…
By Chuck Mikolajczak NEW YORK (Reuters) – The S&P 500 rose modestly to kick off the second quarter on Friday, as the monthly jobs report indicated a strong labor market and is likely to keep the Federal Reserve on track to maintain its hawkish policy stance. The Labor Department’s employment report showed a rapid hiring…
(This Mar 31 story corrects spelling of name in third paragraph) MEXICO CITY (Reuters) – The U.S. government should take stronger action to fight discrimination and sexual harassment in temporary work programs for migrants, an advocacy group for Mexican women who complain of such abuse said on Thursday. Although the U.S. and Mexican governments have…
By Lucia Mutikani WASHINGTON (Reuters) – U.S. employers maintained a brisk pace of hiring in March, driving the unemployment rate to a new two-year low of 3.6% while also boosting wages, resulting in a further tightening of labor market conditions and opening the door to a hefty 50 basis points interest rate hike from the…
By Chuck Mikolajczak NEW YORK (Reuters) – U.S. stocks rose modestly to kick off the second quarter on Friday, as the monthly jobs report indicated a strong labor market and is likely to keep the Federal Reserve on track to maintain its hawkish policy stance. The Labor Department’s employment report showed a rapid hiring pace…
LOS ANGELES (AP) — Homebuilder stocks have lagged far behind the broader market during Wall Street’s swoon this year, weighed down by fears that rising mortgage rates could severely dampen sales. Yet some Wall Street analysts say the selling may be overdone. One prominent exchange traded fund, the SPDR S&P Homebuilders ETF, is down about…
By Marwa Rashad LONDON (Reuters) -European governments and companies worked on a common approach on Friday to Russia’s demand that they pay for its gas in roubles as the threat of an imminent supply halt eased. European capitals have been on alert for a disruption to gas imports as Russian President Vladimir Putin seeks retaliation…
