Labor economy

Biden blames China, Japan and India’s economic woes on ‘xenophobia’

President Joe Biden said on Wednesday that “xenophobia” from China to Japan and India is hobbling their growth, as he argued that migration has been good for the U.S.…

Private payrolls increased by 192,000 in April, more than expected for resilient labor market

Private payrolls increased at a faster-than-expected pace in April, indicating there are still plenty of tail winds for the U.S.…

McDonald’s and other big brands warn that low-income consumers are starting to crack

Some of America’s best-known corporations are saying their consumers are being pinched by inflation as prices continue rising. Inflation has…

Worker pay rose more than expected in Q1 in another sign of persistent inflation

Employee compensation costs jumped more than expected to start the year, providing another danger sign about persistent inflation, while consumer…

U.S. Chamber of Commerce, business groups sue FTC over ban on noncompete clauses

The U.S. Chamber of Commerce and several other business groups on Wednesday sued the Federal Trade Commission in Texas federal…

FTC votes to ban noncompete clauses that bar employees from working for competitors

The Federal Trade Commission on Tuesday voted 3-2 for a nationwide ban against noncompete agreements, which companies use to prevent…

Job gains expected again in March. Here are all the things to look for in Friday’s report

The March nonfarm payrolls count likely will indicate hiring continuing at a solid pace, though some weakening foundations of the…

Biden says U.S. economy is world’s best. Trump calls it a ‘cesspool.’ Data is clear.

President Joe Biden is fighting to convince inflation-weary voters that the U.S. economy is healthy. “America has the best economy…

Turkey’s inflation climbs to 68.5% despite continued rate hikes

Turkey’s annual inflation rose to 68.5% for the month of March, an increase on February’s 67.1% inflation read, according to…

SpaceX hit with new NLRB complaint over severance agreements, dispute resolution rules

The National Labor Relations Board accused SpaceX in a new complaint of entering into unlawful severance agreements with terminated employees…