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US employment
US labour watchdog attracts enemies from Amazon to SpaceX
...to Kate Bronfenbrenner of Cornell University’s School of Industrial and Labor Relations....
March 14, 2024
Unions
VW workers in Tennessee vote to join union in win for US labour movement
...bargaining at Cornell’s School of Industrial and Labor Relations....
April 20, 2024
FT Live
Future of Asset Management Europe
New fund firm models for Europe's resurgence
Tuesday, 12 NovemberLondon, UK
Employment
Wobbly jobs data leaves central bankers on shaky ground
...The issue with data revisions Divergence between the US Bureau of Labor Statistics’ current employment statistics poll, upon which the NFP number is based, and the body’s household survey has led some to...
April 1, 2024
News updates from April 9: OpenAI and Meta ready new AI models; EU launches probe into Chinese wind turbine companies
Markets update: US stocks rise ahead of inflation report
...Wall Street stocks and US Treasuries rallied as traders awaited a key inflation reading on Wednesday from the US Department of Labor for further insights into the pathway for interest rate cuts from the...
April 9, 2024
Australian politics
Australia increases defence spending by $32bn in response to China build-up
...“We should be able to tear off the arm of an adversary if they come for us,” he said....
April 17, 2024
News updates from April 5: US jobs growth outstrips forecasts in March; Thames Water parent company defaults on debt
Markets update: US stocks rebound from Thursday’s sell-off
...The latest moves came after figures from the Bureau of Labor Statistics showed that jobs growth in the US had far outstripped economists’ expectations in March, signalling continued strength in the jobs...
April 5, 2024
FT Live
Future of the Car
The technology and new business models shaping the next decade in automotive
Tuesday, 7 MaySancroft, Paternoster Square, London EC4M 7DQ, UK
News updates from April 10: US inflation rises faster than expected; KPMG fined $25mn in cheating scandal
US inflation rises faster than expected to 3.5%
...The Bureau of Labor Statistics also said on Wednesday that core inflation, which excludes changes in food and energy costs, remained at 3.8 per cent....
April 10, 2024
News updates from April 4: British billionaire avoids prison for insider trading; Italy seizes assets in EU fund fraud case
Markets update: US stocks rise on rate-cut optimism
...The moves came after figures from the Bureau of Labor Statistics showed that new applications for unemployment aid — a proxy for lay-offs — jumped to their highest level since January in the week to March...
April 4, 2024
News updates from April 9: OpenAI and Meta ready new AI models; EU launches probe into Chinese wind turbine companies
US stocks move lower ahead of key inflation report
...The headline inflation number from the Bureau of Labor Statistics is forecast to be 3.5 per cent for March, up from a rate of 3.2 per cent the previous month, according to a Bloomberg poll of economists....
April 9, 2024
News updates from March 28: Sam Bankman-Fried sentenced to 25 years; US GDP growth in Q4 revised higher
US Treasuries sell off as investors await jobs and inflation data
...The US Bureau of Labor Statistics’ weekly data on jobless claims, a proxy for lay-offs, will signal how well the labour market is withstanding higher interest rates....
March 28, 2024
Special ReportWomen in Business
US unions woo female workers on gender pay gaps
...Union representation in the US was roughly 10 per cent of the workforce at the end of 2023, according to the Bureau of Labor Statistics....
March 8, 2024
Global Economy
Immigration helps explain US economic strength: Goldman
...Goldman Sachs reckons that the answer to “one of the biggest puzzles of the last year” is a sharp increase in net immigration, which has increased the size of the American labour force and enhanced US economic...
March 18, 2024
News updates from March 8: US adds 275,000 jobs in February; Bitcoin and gold touch new highs
US economy adds 275,000 jobs in February
...Non-farm payrolls figures published by the Bureau of Labor Statistics on Friday surpassed economists’ expectations of 200,000 new jobs....
March 8, 2024
FT News Briefing podcast12 min listen
It’s central bank week!
...Central banks take centre stage this week, Benjamin Netanyahu defies western allies over his strategy in Gaza, and the US National Labor Relations Board is facing challenges from some major companies....
March 18, 2024
News updates from March 11: Brussels eyes up to €3bn in frozen Russian assets for Ukraine; Biden proposes higher taxes
US stocks start week on back foot as crucial inflation report looms
...Core US consumer price inflation, which the Bureau of Labor Statistics will report on Tuesday, is expected to have slowed slightly in February to 3.7 per cent from 3.9 per cent the month prior, according...
March 11, 2024
FT Live
US Pharma and Biotech Summit
Strategies for innovation, pricing and access
Thursday, 16 MayNew York, NY, USA
Corporate earnings and results
US companies are still *very* profitable
...We find that for each additional dollar of interest expense, firms lower their capital expenditures by 10 cents and labor costs by 20 cents, about half of which comes from reduced employment and half of...
March 5, 2024
News updates from March 5: China targets 5% GDP growth in 2024, Gold and Bitcoin hit record highs
Ivy League basketball team votes to become first US college athlete union
...Members of the men’s varsity basketball team voted 13-2 in favour of forming a union, according to the US National Labor Relations Board....
March 5, 2024
Global Economy
Two paths for profits
...Unit labor costs are being tempered by a pickup in productivity in the US....
March 15, 2024
News updates from February 16: Russian opposition leader Alexei Navalny dies, Trump ordered to pay more than $350mn in New York fraud case
US Treasuries sell off after producer price data
...US government bonds sold off sharply on Friday after producer prices rose more than expected in January, reviving concerns about a resurgence of inflation....
February 16, 2024
News in-depthAustralia
Australian strikes hit 8-year high as unions make up for ‘lost time’
...The stand-off, and its successful outcome for the dock workers, is the latest sign of rising union power in Australia, where labour shortages and the election in 2022 of the first Labor government in almost...
February 7, 2024
News updates from February 2: US adds 353,000 jobs in January, US hits Iraq and Syria after drone deaths
US jobs growth of 353,000 in January far outstrips estimates
...Friday’s jobs report also showed that the unemployment rate was stable at 3.7 per cent in December, according to the Bureau of Labor Statistics....
February 2, 2024
US inflation
US inflation outstrips forecasts with rise to 3.4% for December
...Core CPI, which excludes food and energy costs, was 3.9 per cent for the year to December, slightly lower than the 4 per cent figure for November, according to the data published by the Bureau of Labor Statistics...
January 11, 2024
News updates from March 12: US inflation rises to 3.2%; White House warns Israel against ‘smashing into Rafah’
Markets update: inflation pushes stocks higher at New York open
...US stocks opened higher following Tuesday’s inflation numbers from the Bureau of Labor Statistics....
March 12, 2024
Equities
US stocks rebound after jobs growth beats expectations
...The unemployment rate also dropped unexpectedly, to 3.8 per cent from 3.9 per cent, according to the Bureau of Labor Statistics....
April 5, 2024
News updates from January 30: Microsoft posts record revenue, Eurozone economy stagnates in Q4
Treasury yields rise after US job openings surprise with uptick
...The Bureau of Labor Statistics’ JOLTS survey found that there were 9mn job openings on the last business day of December, an increase from an upwardly-revised 8.9mn in November....
January 30, 2024

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