Everyone loves a bargain. But can anyone survive the entirety of the 127 Yard Sale, an annual four-day event that stretches from Michigan to Alabama?
Category: Labor and Jobs
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Labor Department Proposes Vast Expansion of Overtime Eligibility
The Biden administration seeks a threshold of about $55,000 in annual pay under which salaried workers must get overtime, up from $35,500.
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Job Openings Dropped in July as Labor Market Cooled
Vacancies fell to 8.8 million, the lowest level since March 2021.
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China’s Economic Outlook: Pep Talks Up Top, Gloom on the Ground
Beijing has characterized concerns about the economic slowdown as being inflated by Western critics. Widespread anxiety and pessimism paint a different picture.
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Veteran Studio Negotiator Faces Striking Writers and Actors
Carol Lombardini, the studio voice in union talks, values a low profile. That hasn’t kept striking writers and actors from casting her as a villain.
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Fed Chair’s Message Is Clear: The Fight Against Inflation Isn’t Over
Jerome H. Powell, the head of the Federal Reserve, struck a resolute tone in a speech at the central bank’s most closely watched conference.
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At Jackson Hole, Powell Faces a Changed Economy and Market
Jerome Powell, the Federal Reserve chair, warned in 2022 that the central bank might hurt the economy to cool inflation. This year, things look less dire.
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In Reversal Because of A.I., Office Jobs Are Now More at Risk
Technology disruption typically affected blue-collar occupations. Now white-collar workers may feel the brunt of changes.
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U.S. Jobs Total 300,000 Less Than in Earlier Data Through March
Revised figures for the year ended in March show 300,000 fewer jobs at the close of the period than previously reported.
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In a Hot Job Market, the Minimum Wage Becomes an Afterthought
The federal wage floor of $7.25 is increasingly irrelevant when even most teenagers are earning twice that. But what happens when the economy cools?
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Hollywood Studios Disclose Their Offer on Day 113 of Writers Strike
The public disclosure of the Aug. 11 proposal was an unusual step and suggested an attempt to go around union leadership and appeal to rank-and-file members.
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UPS Workers Avert Strike by Approving New Contract
The vote by members of the Teamsters union removes a potential threat to the economy.