21st century science labors under the myth that good experimental science requires expensive lab facilities in a university or institutional setting. We have the example of Marie and Pierre Curie discovering radium in an abandoned shed, Lavoisier’s seminal Chemistry work in his home laboratory, and Isaac Newton’s seminal work in optics in his mother’s farmhouse (Woolsthorpe […]
Television contracts and digital innovation — as well as old-fashioned fan interest — are generating a flood of revenue that is sustaining Major League Baseball.
The fight for higher wages is nothing new and neither is the corporate desire to increase profits by cutting costs, including labor, but the Fight for $15 movement has thrown the issue of income equality into sharp focus. This week, fast-food workers across the nation rallied for higher wages as part of the Fight for... Show More Summary
The NHL's collective bargaining agreement contains opt-out clauses that can be exercised in Sept. 2019, and the league has reportedly been in contact with the NHL Players' Association regarding an extension of the current deal. Continue for updates. Latest on CBA Extension Talks Friday, Dec. Show More Summary
Chairman Phil Mendelson said earlier this week that he would seek a moratorium on "similar laws" in the wake of the Universal Paid Leave Act. [ more › ]
The Bureau of Labor Statistics released its unemployment figures for November on Friday morning, and the numbers are good: The national unemployment rate is at 4.6 percent, the lowest since 2007, with 178,000 people finding jobs last month. Show More Summary
Some people are claiming that bad jobs are inevitable and there is nothing we can do about insecure work. These people need to read an important new study from the International Labor Organization, which highlights smart policies that...Show More Summary
Let's examine why the labor force participation rate has declined.
RIYADH (Reuters) - Saudi Arabia said on Friday it had appointed Ali bin Nasser al-Ghafis as labor minister, replacing Mufrej al-Haqbani.
Friday's jobs report showed that employment in the retail industry shrank for the first November in six years. Data from the Bureau of Labor Statistics showed that the retail trade lost 8,300 jobs. Overall, the US economy added 178,000...Show More Summary
``As a result of this the US labor force shrank by 226,000 to 159,486K, down from 159,712K a month ago, and helped the unemployment rate tumble to 4.6%, the lowest level since August 2007. '' -- An excuse for the Fed to raise has been provided... (Note also per this report that average hourly earnings are actually slightly down on the month, belying alleged strength...)
Brad DeLong: I think I have to change my mind: Back when Card and Krueger first suggested that there was substantial effective monopsony power in the low-wage labor market and thus that there would be no disemployment effect from (modest)...
The U.S. economy added 178,000 jobs in November and unemployment was down to 4.6%, according to figures released this morning by the U.S. Bureau of Labor Statistics. This continues the recovery of the labor market at a tempered rate....Show More Summary
The Bureau of Labor Statistics (BLS) has released their “jobs report” for November. The post Not In Labor Force Jumps 446K In November, Wage Growth Declines was originally published at The Wall Street Examiner. Follow the money!
As another month passes, the great schism inside the American labor force get wider. We are referring to the unprecedented divergence between the total number of high-paying manufacturing jobs, and minimum-wage food service and drinking places jobs, also known as waiters and bartenders. Show More Summary
Donald Trump will inherit a job market that is strong, but perhaps not quite firing on all cylinders. U.S. employers added 178,000 jobs in November, the Bureau of Labor Statistics reported Friday, and the unemployment rate fell to 4.6 percent, its lowest level in more than nine years. But other figures in the monthly report […]
Something remains very broken with the US labor market: while the unemployment rate just dropped to the lowest since August 2007, wage growth dropped as well and on a year over year basis, rose just 2.5%, far below the 3.8% it was when the unemployment rate last hit 4.7%. Show More Summary
The recently signed labor agreement answers so many questions, namely that we’ll have baseball in 2017. But also that free agency is sure to begin in short order. Over the next several weeks, which include the baseball winter meetings, a flurry of deals should be made—both in free agency and the trade market. Show More Summary
Andrew Puzder, the CEO of CKE Restaurants, is in the running to serve as secretary of labor in President-elect Donald Trump's cabinet, The New York Times reported, citing an anonymous transition official. Puzder, who runs the parent company of Carl's Jr. Show More Summary
So much for that much anticipated rebound in the participation rate. After it had managed to post a modest increase in the early part of the year, hitting the highest level in one year in March at 63%, the disenchantment with working...Show More Summary