Category: Labor and Jobs

US Employers Added 223,000 jobs in December

The New York Times – Business:
The Federal Reserve’s moves to cool the economy with higher interest rates seem to be taking gentle hold. Wage growth lost momentum.
Fed Officials Ask How to Better Understand Inflation After Surprises

The New York Times – Business:
Federal Reserve officials, including Lisa Cook, a board member, are wrestling with how to think about price increases after 18 months of rapid change.
Fed Officials Ask How to Better Understand Inflation After Surprises

The New York Times – Business:
Federal Reserve officials, including Lisa Cook, a board member, are wrestling with how to think about price increases after 18 months of rapid change.
U.S. employers added 223,000 jobs in December.

The New York Times – Business:
Forecasters estimate that employers added 200,000 jobs in December, a robust number though a bit below the average in recent months.
Markets Rise as Investors Like the Look of Hiring and Wage Trends

The New York Times – Business:
Traders are betting that a slowdown in job growth and wage gains could reduce the pressure on prices and make the Federal Reserve less aggressive in raising interest rates.
A slowing job market poses risks for those who’ve been out of work for a while.

The New York Times – Business:
The number of people receiving unemployment benefits has been rising, even as new claims remain low.
U.S. Moves to Bar Noncompete Agreements in Labor Contracts

The New York Times – Business:
A sweeping proposal by the Federal Trade Commission would block companies from limiting their employees’ ability to work for a rival.
Kevin McCarthy’s Business Ties Complicate His Rise to Power

The New York Times – Business:
To land the House speaker position, the California Republican will have to win over opponents who question his ties to Silicon Valley and his commitment to right wing causes.
Salesforce to Lay Off 10 Percent of Staff and Cut Office Space

The New York Times – Business:
The software company plans to cut around 8,000 jobs as business slows for tech companies. “We hired too many people leading into this economic downturn,” Salesforce’s chief executive said.
Labor Market Strength Persisted Heading Into the Holidays

The New York Times – Business:
Government data from November showed job openings remained high, with rates of quitting and layoffs holding steady.
Salesforce to Lay Off 10 Percent of Staff and Cut Office Space

The New York Times – Business:
The software company plans to cut around 8,000 jobs as business slows for tech companies. “We hired too many people leading into this economic downturn,” Salesforce’s chief executive said.
Video Game Workers Get a Union Foothold at Microsoft

The New York Times – Business:
The outcome, involving about 300 employees, is one of organized labor’s biggest victories at a major U.S. tech company.