Consumer spending and exports fell in the first three months of this year, adding to a slump in late 2022 in Europe’s largest economy.
Category: Wages and Salaries
-
New York Times Reaches Contract Deal With Union
The new agreement, if ratified, will give union members immediate salary increases of up to 12.5 percent.
-
More Americans Say Finances Are Tighter Because of Inflation
A new Federal Reserve survey finds that the strong job market hasn’t been enough to offset the rising cost of living for many families.
-
Minnesota Passes Bill Seeking to Ensure Minimum Wage for Gig Workers
Lyft and Uber have opposed the legislation, with Uber threatening to leave the state if it is enacted.
-
Unions Accuse UPMC of Wielding Market Power Against Workers
A coalition of unions has filed an antitrust complaint with the Justice Department, accusing the Pennsylvania hospital system of suppressing wages and worsening working conditions.
-
Strippers and California Club Reach Accord on Union After Long Fight
The club agreed not to block the dancers from affiliating with Actors’ Equity, a move that would be the industry’s first unionization since the 1990s.
-
West Virginia Suspends Bob Huggins and Cuts His Pay Over Homophobic Slur
Huggins, the men’s basketball coach at West Virginia since 2007, must also take sensitivity training after using the slur twice and mocking Catholics on a radio program this week.
-
Goldman Sachs to Pay $215 Million to Settle Gender Bias Suit
The lawsuit accused the Wall Street bank of hindering women’s career advancement and paying them less than their male colleagues.
-
High Turnover and Low Pay Leave F.D.I.C. Stretched Amid Bank Turmoil
The bank regulator has seen staff lured away by the private sector, leaving the financial system more vulnerable to a crisis.
-
Bank Stocks Bounce as Investors Rethink Economic Outlook
PacWest and Western Alliance, the banks at the center of the latest phase of the crisis, recouped a chunk of earlier losses, as robust economic data also heartened investors.
-
Wages Grow Steadily, Defying Fed’s Hopes as it Fights Inflation
Pay gains picked up last month, the opposite of what Federal Reserve officials are hoping for as they try to cool inflation.