Labor economy

Immigrant workers are helping boost the U.S. labor market

The strong jobs market has been bolstered post-pandemic by strength in the immigrant workforce in America. And as Americans age…

Here’s what to expect from the April jobs report on Friday

Hiring likely continued at a brisk pace in April as investors look for any cracks in the labor market that…

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…