Labor economy

Retirement prospects for women can be ‘pretty bleak,’ expert says — but there are ways to prepare

Women face tough financial prospects in retirement. About 50% of women ages 55 to 66 have no personal retirement savings,…

Congressional leaders strike partial budget deal, avert weekend government shutdown

Top congressional leaders on Capitol Hill struck a partial budget deal to temporarily avert a government shutdown on Wednesday. Leaders…

For Black workers, progress in the workplace but still a high hill to climb

Looking at the state of Black employment in America tells a mixed story: Much progress has been made in the…

Trader Joe’s appeals dismissal of lawsuit claiming labor union violated trademark

Trader Joe’s is asking a federal appeals court to reverse a judge’s scathing dismissal of the grocery store chain company’s…

Bankrupt trucker Yellow repays $700 million Covid loan, Teamsters blast ‘failed executives’

Bankrupt trucking company Yellow has fully repaid a controversial $700 million Covid loan to the U.S. Treasury Department, plus more…

The unemployment rate of Black men rose in January, underscoring continued inequality in labor market

Black men lost ground in the workforce last month, marking a continuation of the disparities that have permeated the U.S.…

Workers are sour on the job market — but it may not be warranted

Workers are sour on the job market — but that pessimism may be somewhat misplaced. The Glassdoor Employee Confidence Index…

Weekly jobless claims post lowest reading since September 2022

The labor market continued to show surprising resiliency in the early days of 2024, with initial jobless claims posting an…

Citigroup is cutting 10% of its workforce in CEO Jane Fraser’s corporate overhaul

Citigroup said it was cutting 10% of its workforce in a bid to help boost the embattled bank’s results and…

Biden administration issues rule that could curb ‘gig’ work, contracting

The U.S. Department of Labor on Tuesday issued a final rule that will force companies to treat some workers as…