Tag Archives: workers

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Thursday, July 8, 2021 Quits have never been a bigger part of restaurant worker churn By now, Morning Brief readers have likely become familiar with everyone’s favorite hipster economic data report: JOLTS.  Short for the Bureau of Labor Statistics’ Job Openings and Labor Turnover Survey (JOLTS), the report has been closely watched by investors for… Source link

Jamaica Blair finally quit her teaching job in April, demoralized by the low wages, insufficient staffing, and most recently the challenges from the pandemic. She wants to be a chef, a career decision that took a long time to make. “Last year, I really wanted to leave, but I guess I became complacent. I was too afraid to leave,” Blair, 26, told Yahoo Money. “This is the first time I actually took the leap of faith.” Blair joins the 4 million workers who quit their jobs in April, a… Source link

On Saturday, the $380 in weekly jobless benefits Robyn Gregorieff and her husband had depended on for basic needs is getting slashed by 79%, leaving the couple with just $80 a week to live on. She would have been entitled to the larger amount until September if her home state of Alaska didn’t cancel federal unemployment programs early due to mounting concerns over labor shortages. “It makes no sense because the federal government is paying that,” the 43-year-old Gregorieff told Yahoo… Source link

The big takeaway from the past week in business news is that A) secretly released documents show that billionaires aren’t paying their fair share in taxes. (Gee, you think?) And meanwhile, B) hotels and restaurants and other businesses can’t find enough people to work as maids and dishwashers, etc. If that doesn’t get your “hmmm” juices flowing, I don’t know what will. Let me explain by first going through the A and B elements and then speak to how they’re connected.  The billionaire… Source link

The move to remote work at the onset of the pandemic last year happened virtually overnight, with shelter-in-place orders forcing office workers to abandon the spaces where they spent most of their waking hours as if driven off by a nuclear meltdown. So people spent the next weeks and months reorganizing their lives and homes, carving offices out of bedroom corners and slipping in and out of home schooling sessions for kids between calls, with former commute hours now devoted to myriad other… Source link

A growing number of workers hesitant about taking the COVID-19 vaccine are taking their bosses to court. The swift adoption of synthetic biological cocktails to combat the pandemic, developed and scaled for human injection at record pace, is at the heart of an increasing number of lawsuits from workers. They argue that submitting to a novel drug to combat a still-mysterious virus shouldn’t be a condition of keeping their jobs. In one of the latest lawsuits, 117 unvaccinated Texas hospital… Source link

The May fell short of lofty expectations, adding fewer jobs than economists expected and underscoring the challenges the U.S. economy faces in trying to reboot the workforce after COVID-19 lockdowns. Small businesses are no exception. by the National Federation of Independent Business (NFIB) found that a record-high 48% of small business owners in May had unfilled job openings. Additionally, 34% of owners reported having to hike pay the highest reading in the past 12 months, and 22% more… Source link

TipRanks Buy These 2 New Stocks Before They Jump Over 80%, Says JPMorgan In the past week, investors have had to cope with multiple conflicting signals from the markets. The April jobs report, which was expected to show almost 1 million new positions for the month, showed only 266,000. The official unemployment number ticked upward slightly to 6.1%, and hourly wages also gained – by 0.7%. That last would seem to be a positive – except that, combined with the massive government stimulus… Source link

Google’s workers who provide childcare and education for staffers’ kids say the internet giant is summoning them back to the office without restoring the shuttle service they rely on, and they’re circulating a petition urging the Alphabet Inc. unit to provide a transportation stipend to cover commuting costs. “Shifting this cost to essential workers, who earn far less than the Googlers whose children they care for, is unacceptable,” according to the petition, which members of the… Source link

After a hugely disappointing April jobs report, U.S. Labor Secretary Marty Walsh rejected claims from Republicans and some businesses that enhanced unemployment benefits are keeping workers from going back to work.  The Labor Department reported the U.S economy added back just 266,000 jobs last month, sharply missing economists’ expectations of 1 million.  “266,000 jobs under normal circumstances — and we’re certainly not living in normal circumstances — would be a good month,” said… Source link