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Labor economy

Federal Reserve Board Chair Jerome Powell speaks at a news conference following a two-day meeting of the Federal Open Market Committee, Wednesday, Sept. 18, 2019, in Washington. (AP Photo/Patrick Semansky)
September 18, 2019 - 4:15 pm

A divided Fed reduces rates but may not cut again this year

WASHINGTON (AP) — A sharply divided Federal Reserve cut its benchmark interest rate Wednesday for a second time this year but declined to signal that further rate cuts are likely this year. The Fed's move reduced its key short-term rate — which influences many consumer and business loans — by an...
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FILE - In this July 31, 2019, file photo Federal Reserve Chairman Jerome Powell speaks during a news conference following a two-day Federal Open Market Committee meeting in Washington. Federal Reserve Chairman Jerome Powell said Friday, Sept. 6, 2019 that the Fed is not expecting a U.S. or global recession. But it is monitoring a number of uncertainties, including trade conflicts, and will "act as appropriate to sustain the expansion."(AP Photo/Manuel Balce Ceneta, File)
September 16, 2019 - 11:37 am

With Trump trade war a threat, Fed is set to cut rates again

WASHINGTON (AP) — For a second straight time, the Federal Reserve is set to cut interest rates this week to try to protect the economy from the consequences of a global slowdown and President Donald Trump's trade war with China. After that, no one — not even the Fed itself — seems sure what it will...
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In this Thursday, Sept. 5, 2019, photo, a roadside fruit seller waits for customers as vehicles drive past in Noida on the outskirts of New Delhi, India. Confidence in the Indian economy is giving way to uncertainty as growth in the labor-intensive manufacturing sector has come to a near standstill, braking to 0.6% in the last quarter from 12.1% in the same period a year earlier. (AP Photo/Altaf Qadri)
September 16, 2019 - 2:10 am

India's economy slows, stalling once thriving manufacturing

NEW DELHI (AP) — Anuj Kapoor took over his father's booming auto parts business in 2012, hoping to elevate the company from selling to suppliers to selling directly to carmakers. Seven years later, he's had to lay off half his workers as drooping sales caused his profit to plummet by at least 80%...
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FILE - This May 16, 2014, file photo shows the General Motors logo at the company's world headquarters in Detroit. The United Auto Workers union is letting its contract with General Motors expire just before midnight Saturday, Sept. 14, 2019, increasing the likelihood of a strike as early as Sunday night. (AP Photo/Paul Sancya, File)
September 15, 2019 - 6:30 pm

The Latest: GM, UAW to resume talks; strike still planned

DETROIT (AP) — The Latest on labor strife at General Motors factories (all times local): 7:20 p.m. United Auto Workers says contract talks with General Motors will resume Monday morning, but the threat of a strike remains. Union spokesman Brian Rothenberg says the negotiations are slated to begin...
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Assemblywoman Lorena Gonzalez, D-San Diego, receives congratulations from Assembly Speaker Anthony Rendon, of Lakewood after her to give new wage and benefit protections at the so-called gig economy companies like Uber and Lyft was approved by the Assembly in Sacramento, Calif., Wednesday, Sept. 11, 2019. The bill now goes to the governor, who has said he supports it. (AP Photo/Rich Pedroncelli)
September 11, 2019 - 11:01 pm

Uber vows to keep fighting sweeping California labor bill

SACRAMENTO, Calif. (AP) — California lawmakers confronting the changing definition of work have approved sweeping legislation designed to give many contract workers new pay and benefit protections, but tech giants Uber and Lyft vowed to keep fighting the changes, possibly by bankrolling an...
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Assemblywoman Lorena Gonzalez, D-San Diego, receives congratulations from Assembly Speaker Anthony Rendon, of Lakewood after her to give new wage and benefit protections at the so-called gig economy companies like Uber and Lyft was approved by the Assembly in Sacramento, Calif., Wednesday, Sept. 11, 2019. The bill now goes to the governor, who has said he supports it. (AP Photo/Rich Pedroncelli)
September 11, 2019 - 8:10 pm

Uber vows to keep fighting sweeping California labor bill

SACRAMENTO, Calif. (AP) — California lawmakers confronting the changing definition of work approved sweeping legislation Wednesday designed to give many contract workers new pay and benefit protections, but tech giants Uber and Lyft vowed to keep fighting the changes, possibly by bankrolling an...
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FILE - In this June 4, 2019 file photo, job applicants line up at the Seminole Hard Rock Hotel & Casino Hollywood during a job fair in Hollywood, Fla. The number of open U.S. jobs slipped 0.4% in July, while hires rose slightly, a sign that some employers are growing cautious amid growing economic uncertainty. (AP Photo/Wilfredo Lee, File)
September 10, 2019 - 10:35 am

US job openings fell 0.4% in July, 1st Ld-Writethru

WASHINGTON (AP) — The number of open U.S. jobs slipped 0.4% in July, while hires climbed slightly, a sign that some employers may be growing cautious amid rising economic uncertainty. The Labor Department said Tuesday that employers advertised 7.22 million available jobs in July, down from a...
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A currency trader walks by the screen showing the Korea Composite Stock Price Index (KOSPI) at the foreign exchange dealing room in Seoul, South Korea, Monday, Sept. 9, 2019. (AP Photo/Lee Jin-man)
September 09, 2019 - 3:01 am

Global shares mostly rise as market players weigh data mix

TOKYO (AP) — Global shares were mostly higher Monday as the week started with a mix of economic data for the region and the U.S. France's CAC 40 fell less than 0.1% in early trading to 5,602.25, while Germany's DAX gained 0.2% to 12,218.62. Britain's FTSE 100 rose 0.4% to 7,311.75. U.S. shares were...
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FILE - In this Aug. 23, 2019, file photo pedestrians pass the New York Stock Exchange in New York. The U.S. stock market opens at 9:30 a.m. EDT on Friday, Sept. 6. (AP Photo/Frank Franklin II, File)
September 08, 2019 - 10:17 pm

Asian shares mostly rise as market players weigh mix of data

TOKYO (AP) — Asian shares were mostly higher Monday as the week started with a mix of economic data for the region and the U.S. Japan's benchmark Nikkei 225 rose 0.5% in early trading to 21,294.14. Australia's S&P/ASX 200 edged up nearly 0.1% to 6,652.20. South Korea's Kospi gained 0.6% to 2,...
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FILE - In this Aug. 14, 2019, file photo company representatives from Verizon, Goodwill, Kaiser Permanente and UPS, right, talk with potential applicants during a job and resource fair in Atlanta. On Friday, Sept. 6, the U.S. government issues the August jobs report. (Bob Andres/Atlanta Journal-Constitution via AP, File)
September 06, 2019 - 11:21 am

US hiring slow but steady amid trade war and global weakness

WASHINGTON (AP) — U.S. employers added a modest 130,000 jobs in August, a sign that hiring has slowed but remains durable in the face of global economic weakness and President Donald Trump's trade war with China. The unemployment rate remained 3.7% for a third straight month, the Labor Department...
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