Tag: Labor economy

2024-10-03

Private payrolls show better-than-expected growth of 143,000 in September, ADP says

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Private sector hiring picked up in September, indicating the labor market is holding its ground despite some signs of weakness, payrolls processing firm ADP reported Wednesday. Companies added 143,000 jobs for the month, an acceleration from the upwardly revised 103,000 in August and better than the 128,000 consensus forecast from economists polled by Dow Jones. While hiring increased, the…

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2024-09-25

Boeing sweetens labor proposal in ‘best and final’ offer

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Striking Boeing workers hold rally at the Boeing Portland Facility on September 19, 2024, in Portland, Oregon.  Jordan Gale | AFP | Getty Images Boeing on Monday sweetened its contract offer and said it was its “best and final” proposal for its more than 30,000 machinists as their strike, which has halted most of the aerospace giant’s aircraft production,…

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2024-09-23

Machinists prepare for lengthy stoppage

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Workers picket outside a Boeing Co. facility during a strike in Everett, Washington, US, on Monday, Sept. 16, 2024. Boeing Co. factory workers walked off the job for the first time in 16 years, halting manufacturing across the planemaker’s Seattle hub after members of its largest union voted overwhelmingly to reject a contract offer and go on strike. M….

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2024-09-20

UAW warns of potential strikes at Ford, Stellantis

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UAW president Shawn Fain and members and workers at the Mopar Parts Center Line, a Stellantis Parts Distribution Center in Center Line, Michigan, picket outside the facility after walking off their jobs at noon on September 22, 2023. Matthew Hatcher | AFP | Getty Images DETROIT – A year after unprecedented strikes by the United Auto Workers against the…

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2024-09-20

Neither Trump nor Harris secures union backing

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The International Brotherhood of Teamsters on Wednesday announced it will not formally endorse a candidate in the 2024 presidential election, ending months of speculation about whether the labor union would back Republican Donald Trump or Democrat Kamala Harris. The union’s general executive board said in a statement that its member polling showed no majority support for Harris, and no…

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2024-09-19

Boeing starts furloughing ‘large number’ of employees amid strike

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Boeing will temporarily furlough thousands of U.S. executives, managers and other staff, citing the ongoing machinist strike as the company races to preserve cash, CEO Kelly Ortberg told employees Wednesday. The furloughs will affect tens of thousands of Boeing employees, a company spokesperson said. The plan came less than a week after Boeing’s more than 30,000 machinists in the…

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2024-09-15

Strike will ‘jeopardize’ recovery, hurt aircraft production

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Union members hold picket signs during a news conference following a vote count on the union contract at the IAM District 751 Main Union Hall in Seattle, Washington, US, on Thursday, Sept. 12, 2024.  M. Scott Brauer | Bloomberg | Getty Images Boeing CFO Brian West said the labor strike that began just after midnight Friday will hurt aircraft…

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