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The Labor Department issued a fine for a Kentucky warehouse last week after an investigation found it allowed a child to operate a forklift. The Labor Department said in a press release that it fined Win.IT America Inc. for $30,276 in civil money penalties after violating child labor provisions in the Fair Labor Standards Act. Investigators found that…
It has been an increasingly puzzling week for market watchers and economists alike, as the American economy continues to resist a recession and stymy policymakers hoping to lower inflation and stave off a downturn. A gangbusters September jobs report is putting the efficacy of Federal Reserve interest rate hikes into question, just as falling crude…
According to estimates released today by the U.S. Census Bureau’s American Community Survey (ACS), the median household income in the United States fell by 0.8 percent in 2022. The median household income last year was $74,755, adjusted for inflation. Despite the median household income being adjusted for inflation, the dip is an indication of why…
President Biden’s nominee to run the Labor Department, Julie Su, is facing an uphill climb toward confirmation as lawmakers prepare for a bruising battle in the coming weeks once the Senate returns from recess. Congress heads into a two-week break with a few moderate Democrats concerned over if she’s the right person for the job,…
Senators on Wednesday grilled former Starbucks CEO Howard Schultz over widespread allegations of illegal union-busting tactics at the coffee chain under his leadership. Democrats on the Senate Health, Education, Labor and Pensions Committee questioned Schultz over his role in the company’s decision to fire pro-union baristas and close stores that unionized, among other efforts that…
Three signs from today’s jobs report that suggest inflation will stay high Friday’s jobs report showed the buzzing U.S. economy is creating hundreds of thousands of jobs, suggesting rising prices are here to stay despite efforts by the Federal Reserve to contain them. The U.S. added 263,000 jobs in November, according to the federal jobs…
Here are the industries that added the most jobs in October — and the ones falling behind The U.S. economy gained 261,000 jobs in October, the Labor Department reported Friday. The latest figure is down slightly from September but still well above economists’ predictions of a 190,000-job gain. Despite high inflation, rising interest rates, slowing…