Tag Archives: labor

[unable to retrieve full-text content]US economy adds 303,000 jobs, unemployment falls to 3.8% in March as labor market continues to impress  Yahoo Finance Source link

CNN  —  Google’s refusal to bargain with unionized YouTube Music workers is illegal, a Wednesday ruling from the US National Labor Relations Board (NLRB) found. After a group of Texas-based contract workers for YouTube Music unanimously voted last April to join the Alphabet Workers Union (AWU), Google refused to bargain over… Source link

(Adds comments from Katie-Marie Marschner in paragraphs 9 and 10) By Daniel Wiessner Jan 4 (Reuters) – Alphabet Inc’s Google violated U.S. labor law by refusing to bargain with a union representing contract workers for YouTube Music, a federal agency has ruled. The National Labor Relations Board (NLRB) in a decision on Wednesday rejected claims by Google, which owns YouTube, that it should not be considered the employer of workers provided by staffing firm Cognizant Technology Solutions. The… Source link

[unable to retrieve full-text content]Google workers in Japan have joined a labor union in response to planned layoffs  Engadget Source link

Starbucks reported record quarterly revenue in fiscal Q4, but the strain of ongoing unionization efforts remains. As of Friday, there are 320 Starbucks locations that have conducted unionization ballot counts. Of those, 257 have voted yes to unionize, 57 have voted no, and 6 are challenge-determinative. Of those that voted yes, 248 have been certified, and Starbucks is expected to begin bargaining in good faith with the union, according to the National Labor Relations Board. However, a… Source link

U.S. Labor Secretary Marty Walsh is keeping a close eye on layoffs in the tech sector, including Elon Musk’s chaotic overhaul at Twitter. “As far as Twitter, that’s a whole different situation [than the broader tech layoffs],” Walsh said on Yahoo Finance Live (video above). “I don’t know enough about it, but I think that’s Elon Musk looking at the business model. I am sure at some point that will fix itself out as it moves forward.” To be sure, Musk’s changes to Twitter are moving forward this… Source link

The Federal Reserve is being too aggressive with its stance on interest rates and could send the job market into a tailspin, warns MKM Partners chief economist Michael Darda. “I think households here are also caught in the Fed’s crosshairs because the tightening is likely to keep going until it kills the labor market,” Darda said on Yahoo Finance Live (video above). “They [the Fed] will kill inflation, but they are going to end up killing the labor market.” Cracks in the labor market are… Source link

Quiet quitting may be the hot talk on social media and internal employee chat rooms, but U.S. Labor Secretary Marty Walsh says it’s not a big topic of discussion in his chats with business leaders. “I haven’t really heard about it from companies. I know that it’s being reported in the press. I’ve talked to a lot of companies in the country. And I haven’t heard about that,” Walsh said on Yahoo Finance Live. Quiet quitting, a term that popped up on TikTok and gained steam in 2022, has no single… Source link

As some corporations slow the pace of hiring due to economic concerns, small business owners are falling behind when it comes to staffing up. Almost two-thirds of small businesses were hiring or trying to hire in September, according to a report from the National Federation of Independent Business (NFIB), but 46% reported they couldn’t fill those job openings, well above the 48-year historical average of 23%. The difficulty in hiring has prompted some small business owners to seek more… Source link

The U.S. economy added 528,000 jobs in July, more than double the number economists had expected. This staggering increase in employment completes a milestone for the U.S. economy: Pre-pandemic employment is now fully restored. In February 2020, the last month before the COVID-19 pandemic tipped the U.S. economy into recession, there were 152.504 million people employed in the U.S. As of July 2022, 152.536 million people in the U.S. were working. And despite the labor market contraction during… Source link