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Typically, as labor markets cool, they don't just stop in a "stable" range. They keep cooling until a recession comes and the cycle starts over. But recessions don't simply come from old age.
On Friday the Labor Department reported a 4% unemployment rate last month and the addition of 143,000 jobs, a picture "consistent with a healthy labor market that is neither weakening nor showing ...
The extent of the layoffs is still unclear, but roughly 220,000 federal employees out of 2.3 million had less than one year of experience in their current positions as of March 2024, according to ...
A labor strike is a work stoppage, caused by the mass refusal of employees to work, usually in response to employee grievances, such as low pay or poor working conditions. Strikes can also take place to demonstrate solidarity with workers in other workplaces or to pressure governments to change policies.
It focuses on the current context and shape of capitalist social relations, business and corporations, labor relations, the working class and the labor unions in the Global South. The journal encourages submissions on the political economy of imperialism, global inequality and poverty, labor and the right wing, and political movements.
In 1994, the Dunlop Commission on the Future of Worker-Management Relations: Final Report examined law reform to improve collective labor relations, and suggested minor amendments to encourage worker involvement. [359] Congressional division prevented federal reform, but labor unions and state legislatures have experimented.
Nearly a year after signing record labor contracts with the United Auto Workers union, two of the Big Three automakers find themselves dealing with the possibility of more strikes.
And that’s not the only manifestation of labor pains. A separate report showed that job openings, which peaked at 12.2 milion in March of 2022, fell to 7.6 million at the end of 2024.