Finally, Some Good News on Inflation

What July’s Big Zero does — and doesn’t — mean for the future.

#inflation-economics, #midterm-elections-2022, #republican-party, #supply-chain, #united-states-economy, #wages-and-salaries

In an Unequal Economy, the Poor Face Inflation Now and Job Loss Later

Americans with low incomes are pulling back from buying even as their richer counterparts keep spending — with potentially big consequences.

#affordable-housing, #coronavirus-2019-ncov, #credit-and-debt, #federal-reserve-system, #high-net-worth-individuals, #income-inequality, #inflation-economics, #interest-rates, #layoffs-and-job-reductions, #personal-finances, #poverty, #renting-and-leasing-real-estate, #stimulus-economic, #united-states-economy, #wages-and-salaries

What ‘The Bear’ Gets Right About Restaurant Work

The Hulu drama is resonating partly because it shows workers demanding a better workplace, which is happening in the restaurant industry and beyond.

#coronavirus-2019-ncov, #discrimination, #labor-and-jobs, #living-wage, #minimum-wage, #national-restaurant-assn, #restaurants, #the-bear-tv-program, #tips-and-tipping, #wages-and-salaries, #waiters-and-waitresses

The Companies That Take Money Straight From Your Paycheck

Some lenders and retailers have a pretty neat business model: You pay them before your wages ever hit your bank account. And sometimes they give you no choice.

#center-for-responsible-lending, #credit-and-debt, #credit-scores, #debt-collection, #personal-finances, #wages-and-salaries

Good News on Jobs May Mean Bad News Later as Hiring Spree Defies Fed

Employers hired rapidly and paid more in July, suggesting the Federal Reserve may have to remain aggressive in its effort to cool the economy.

#biden-joseph-r-jr, #federal-reserve-system, #hiring-and-promotion, #inflation-economics, #interest-rates, #labor-and-jobs, #powell-jerome-h, #prices-fares-fees-and-rates, #recession-and-depression, #united-states-economy, #wages-and-salaries, #white-house-council-of-economic-advisers

With Surge in July, U.S. Recovers the Jobs Lost in the Pandemic

The increase of 528,000 outstripped expectations, and the gains were spread widely across industries. The jobless rate fell to 3.5 percent.

#federal-reserve-system, #hiring-and-promotion, #labor-and-jobs, #labor-department-us, #recession-and-depression, #unemployment, #united-states-economy, #wages-and-salaries

Amtrak Rewarded Executives With Six-Figure Bonuses as Rail Service Struggled

Most of the top leaders received bonuses above $200,000 in the last fiscal year, as Amtrak worked to recover from the coronavirus pandemic.

#amtrak, #bonuses, #coronavirus-2019-ncov, #executive-compensation, #hiring-and-promotion, #infrastructure-public-works, #railroads, #united-states, #wages-and-salaries

More Americans Are Going Hungry, and It Costs More to Feed Them

The director of the nation’s largest network of food banks is seeing support dwindle as need rises: “You’re in the middle of a battle, and people are leaving the field.”

#babineaux-fontenot-claire, #families-and-family-life, #feeding-america, #food-banks-and-pantries, #food-insecurity, #inflation-economics, #philanthropy, #prices-fares-fees-and-rates, #tabithas-way-local-food-pantry, #wages-and-salaries

Pay growth and prices picked up, keeping the Fed on track for rate increases.

The Federal Reserve’s preferred inflation gauge climbed rapidly in June. Wage and benefit gains are fast, too, separate data showed.

#federal-reserve-system, #inflation-economics, #interest-rates, #labor-and-jobs, #powell-jerome-h, #prices-fares-fees-and-rates, #recession-and-depression, #united-states-economy, #wages-and-salaries

How Do Workers’ Wages Relate to Inflation?

Why workers’ pay has become central to inflation debates.

#economics-theory-and-philosophy, #federal-reserve-system, #inflation-economics, #internal-sub-only-nl, #international-trade-and-world-market, #labor-and-jobs, #layoffs-and-job-reductions, #prices-fares-fees-and-rates, #recession-and-depression, #united-states-economy, #wages-and-salaries

How Goes the War on Inflation?

The news on prices is surprisingly good.

#federal-reserve-system, #inflation-economics, #interest-rates, #recession-and-depression, #unemployment, #united-states-economy, #wages-and-salaries

Federal Reserve Makes Another Supersized Rate Increase to Tame Inflation

The central bank raised rates by three-quarters of a percentage point and suggested additional large increases could be warranted.

#consumer-behavior, #federal-reserve-system, #inflation-economics, #interest-rates, #labor-and-jobs, #mortgages, #powell-jerome-h, #prices-fares-fees-and-rates, #recession-and-depression, #united-states-economy, #wages-and-salaries

How U.S. Inflation Expectations Are Being Shaped by Consumer Choices

Economic policymakers are razor focused on inflation expectations after more than a year of rapid price increases. Consumers explain how they’re thinking about rising costs.

#federal-reserve-system, #inflation-economics, #interest-rates, #powell-jerome-h, #prices-fares-fees-and-rates, #supermarkets-and-grocery-stores, #united-states, #united-states-economy, #wages-and-salaries

Biden Insists There’s No Recession as He Confronts Latest Economic Risk

Officials have tried to ditch a shorthand definition for what constitutes a recession and reassure skeptical voters about the U.S. economy.

#biden-joseph-r-jr, #gross-domestic-product, #inflation-economics, #interest-rates, #international-monetary-fund, #midterm-elections-2022, #national-bureau-of-economic-research, #national-economic-council-us, #polls-and-public-opinion, #recession-and-depression, #united-states, #united-states-economy, #wages-and-salaries

Fed Prepares Another Rate Increase as Wall Street Wonders What’s Next

Central bankers around the world have been picking up the pace of rate increases. Now the big question looms: When will they slow down?

#banking-and-financial-institutions, #consumer-behavior, #federal-reserve-system, #inflation-economics, #interest-rates, #oil-petroleum-and-gasoline, #prices-fares-fees-and-rates, #recession-and-depression, #united-states-economy, #wages-and-salaries

As Prices Soar in Ukraine, War Adds Economic Havoc to the Human Toll

Fuel prices are up 90 percent from a year ago. Food costs have surged over 35 percent. Many people, with incomes no higher than before the war, are being squeezed.

#food, #inflation-economics, #lviv-ukraine, #national-bank-of-ukraine, #prices-fares-fees-and-rates, #russian-invasion-of-ukraine-2022, #ukraine, #wages-and-salaries

The Humbug Economy

Different data are telling different stories.

#bureau-of-labor-statistics, #economics-theory-and-philosophy, #federal-reserve-system, #internal-sub-only-nl, #international-trade-and-world-market, #labor-and-jobs, #recession-and-depression, #united-states-economy, #wages-and-salaries

Airline Pilots Seek Big Raises, and Broader Changes

Pilots feel frustrated and overworked, issues that they say the air travel rebound has magnified by disrupting operations.

#airlines-and-airplanes, #american-airlines, #delta-air-lines-inc, #labor-and-jobs, #organized-labor, #pilots, #southwest-airlines-company, #united-airlines, #wages-and-salaries

U.S. Economy Added 372,000 Jobs in June, Defying Slowdown Fears

The strong Labor Department report comes as consumers and businesses express increasing concern about a downturn.

#federal-reserve-system, #hiring-and-promotion, #interest-rates, #labor-and-jobs, #labor-department-us, #recession-and-depression, #unemployment, #united-states-economy, #wages-and-salaries

Strong Wage and Jobs Growth Keeps Fed on Track for Big Rate Increase

The Federal Reserve is trying to cool down the economy to bring inflation under control, but the job market is still going strong.

#consumer-price-index, #economic-conditions-and-trends, #federal-reserve-system, #inflation-economics, #interest-rates, #labor-and-jobs, #powell-jerome-h, #recession-and-depression, #united-states-economy, #wages-and-salaries, #williams-john-c

That Was the Stagflation That Was

Markets are sounding the all-clear. Is the Fed listening?

#federal-reserve-system, #inflation-economics, #interest-rates, #oil-petroleum-and-gasoline, #prices-fares-fees-and-rates, #united-states-economy, #wages-and-salaries

Fed officials, spooked by data, fretted in June about inflation becoming entrenched.

Central bankers raised rates by the most since 1994 last month, and minutes from the gathering explained their logic.

#banking-and-financial-institutions, #consumer-price-index, #credit-and-debt, #federal-reserve-system, #government-bonds, #inflation-economics, #interest-rates, #prices-fares-fees-and-rates, #united-states-economy, #wages-and-salaries

When Paying Dues Doesn’t Pay the Rent, How Does the Theater Survive?

Frank talk about salaries and the end of unpaid internships are positive steps, but the cost may be fewer opportunities to learn the ropes.

#embrey-jenna-clark, #gersten-jenny, #halvorsen-lauren, #hiltner-elsa, #labor-and-jobs, #loewald-kate, #oneill-eugene-theater-center, #playco-theater-co, #soho-rep, #theater, #wages-and-salaries, #williamstown-theater-festival

Britain Gears Up for a Summer of Labor Discontent

With energy costs and inflation surging, and taxes and the cost of loans increasing, British workers are demanding higher pay and going on strike with a militancy not seen in years.

#conservative-party-great-britain, #economic-conditions-and-trends, #great-britain, #johnson-boris, #labor-and-jobs, #politics-and-government, #strikes, #wages-and-salaries

Workers at Airports Have Had It

Across Europe, airport and other transport employees are striking, disrupting summer travel plans to demand better staffing and pay.

#airlines-and-airplanes, #airport-security, #airports, #coronavirus-2019-ncov, #de-gaulle-charles-airport, #france, #labor-and-jobs, #wages-and-salaries

How Elon Musk and Tesla Helped Make C.E.O Pay Even Richer

The gap with workers widened even further as public companies granted top executives rich pay packages partly inspired by Tesla.

#amazon-com-inc, #biota-pharmaceuticals-inc, #boards-of-directors, #coty-inc, #electric-and-hybrid-vehicles, #emanuel-ariel-z, #equilar, #executive-compensation, #expedia-inc, #gelsinger-patrick, #initial-public-offerings, #intel-corporation, #musk-elon, #tesla-motors-inc, #wages-and-salaries

Fed Confronts a ‘New World’ of Inflation

Central banks had a longstanding playbook for how inflation worked. In the postpandemic era, all bets are off.

#coronavirus-2019-ncov, #federal-reserve-system, #inflation-economics, #interest-rates, #labor-and-jobs, #oil-petroleum-and-gasoline, #powell-jerome-h, #prices-fares-fees-and-rates, #recession-and-depression, #shortages, #supply-chain, #united-states-economy, #wages-and-salaries

U.K. Hobbled By Largest Railway Strike in Three Decades

Travel was disrupted for tens of millions of people during the country’s biggest walkout in decades as union leaders warned of a summer of labor unrest.

#economic-conditions-and-trends, #great-britain, #johnson-boris, #london-england, #national-union-of-rail-maritime-and-transport-workers-rmt, #organized-labor, #strikes, #transit-systems, #wages-and-salaries

U.K. Train Strike Expected to Cause Transit Chaos

Tens of millions of Britons will find traveling difficult or impossible during the biggest walkout in decades, as union leaders warn of a summer of labor unrest.

#economic-conditions-and-trends, #great-britain, #johnson-boris, #london-england, #national-union-of-rail-maritime-and-transport-workers-rmt, #organized-labor, #strikes, #transit-systems, #wages-and-salaries

Why a Rhodes Scholar’s Ambition Led Her to a Job at Starbucks

Jaz Brisack became a barista for the same reasons that talented young people have long chosen their career paths: a mix of idealism and ambition.

#american-federation-of-labor-congress-of-industrial-organizations, #careers-and-professions, #collective-bargaining, #content-type-personal-profile, #labor-and-jobs, #national-labor-relations-board, #organized-labor, #rhodes-scholarship, #starbucks-corporation, #wages-and-salaries, #workplace-hazards-and-violations

How Founders Decide What They Should Get Paid

Whether in a downturn or when things are flush, the compensation that start-up founders give themselves always sends some kind of message.

#executive-compensation, #labor-and-jobs, #start-ups, #wages-and-salaries

Bank of England raises rates for a fifth time, to 1.25 percent.

Inflation is reaching deeper into the British economy, the bank said, as businesses raise prices and workers seek higher pay.

#bank-of-england, #banking-and-financial-institutions, #economic-conditions-and-trends, #great-britain, #inflation-economics, #interest-rates, #wages-and-salaries

How Henry Ford Would Deal With Today’s Supply Chain Upheaval

The automobile pioneer believed short-term interests must not squeeze out investment in a business’ resilience, a lesson many companies have learned the hard way since 2020.

#automobiles, #dividends-finance, #factories-and-manufacturing, #ford-henry, #international-trade-and-world-market, #labor-and-jobs, #supply-chain, #united-states-economy, #wages-and-salaries

Is It Finally Twilight for the Theater’s Sacred Monsters?

Many of the “great men” who helped America create its classics, its institutions and its own acting style were tyrants. We need to cut them loose.

#metoo-movement, #actors-and-actresses, #bullies, #edelstein-gordon, #fosse-bob, #horovitz-israel, #kazan-elia, #labor-and-jobs, #robbins-jerome, #rudin-scott, #theater, #wages-and-salaries

Trader Joe’s Workers File to Hold Company’s First Union Election

The workers, at a store in western Massachusetts, cited health and safety concerns and cuts to benefits at the grocery chain.

#hadley-mass, #labor-and-jobs, #national-labor-relations-board, #organized-labor, #supermarkets-and-grocery-stores, #trader-joes, #wages-and-salaries, #workplace-environment

Thomas Piketty’s Radical Plan for a More Equal World

The economist makes his case for universal inheritance, worker ownership and ‘participatory socialism.’

#audio-neutral-informative, #corporate-taxes, #economic-conditions-and-trends, #economics-theory-and-philosophy, #income-inequality, #inflation-economics, #inheritance-and-estate-taxes, #socialism-theory-and-philosophy, #taxation, #united-states-economy, #wages-and-salaries

For Truck Drivers Across the U.S., Major Change Is Approaching Fast

As truck drivers are forced to adapt to increasing difficulties on the road, the support system that serves them is at risk of disappearing.

#careers-and-professions, #driver-distraction-and-fatigue, #labor-and-jobs, #shortages, #supply-chain, #traffic-accidents-and-safety, #trucks-and-trucking, #united-states, #wages-and-salaries, #workplace-hazards-and-violations

Hiring Remains Strong Even as Fed Tries to Cool Economy

The Labor Department reported 390,000 new jobs in May, as policymakers try to ease inflation without inducing a recession.

#coronavirus-2019-ncov, #inflation-economics, #labor-and-jobs, #labor-department-us, #prices-fares-fees-and-rates, #unemployment, #united-states-economy, #wages-and-salaries

The key numbers in the jobs report and how to interpret them.

Policymakers are trying to strike a balance in cooling inflation without causing a recession — which makes interpreting jobs reports trickier than usual.

#hiring-and-promotion, #inflation-economics, #labor-and-jobs, #recession-and-depression, #unemployment, #united-states-economy, #wages-and-salaries

Fed officials are looking for slower job growth. They’re still looking.

Central bankers are waiting for signs that momentum in the economy is easing to a more sustainable level as they fight inflation.

#credit-and-debt, #federal-reserve-system, #inflation-economics, #interest-rates, #labor-and-jobs, #prices-fares-fees-and-rates, #united-states-economy, #wages-and-salaries

Why a Not-So-Hot Economy Might Be Good News

As the Federal Reserve tries to rein in inflation without causing a recession, slower job creation and wage growth could be a plus.

#biden-joseph-r-jr, #federal-reserve-system, #inflation-economics, #interest-rates, #labor-and-jobs, #recession-and-depression, #united-states-economy, #wages-and-salaries

The Next Battleground for Gig Worker Labor Laws: Massachusetts

Uber and Lyft are pushing a ballot measure that would bar their drivers from full employment status, but a court could throw it out.

#california, #car-services-and-livery-cabs, #delivery-services, #freelancing-self-employment-and-independent-contracting, #lyft-inc, #massachusetts, #referendums, #uber-technologies-inc, #wages-and-salaries

Cuba Allows Its Boxers to Fight Professionally

A move to allow boxers to fight professionally is a big shift for Cuba’s communist government.

#boxing, #cuba, #defectors-political, #embargoes-and-sanctions, #olympic-games-2020, #wages-and-salaries

Inside the Apple Store Battle for Union Representation

Weary from the pandemic and pressured by inflation, retail employees of the tech giant are holding votes on whether to unionize.

#apple-inc, #communications-workers-of-america, #computers-and-the-internet, #organized-labor, #quarantine-life-and-culture, #shopping-and-retail, #wages-and-salaries

Activision Employees to Cast Union Vote

Employees at a company subsidiary complain about long hours and low pay. On Monday, they could vote to form the first union at a big U.S. gaming company.

#activision-blizzard-inc, #communications-workers-of-america, #computer-and-video-games, #labor-and-jobs, #organized-labor, #sexual-harassment, #suits-and-litigation-civil, #wages-and-salaries

All of Those Quitters? They’re at Work.

The Great Resignation was in fact a moment many people traded up for a better-paying gig.

#coronavirus-return-to-office, #labor-and-jobs, #paid-time-off, #restaurants, #united-states-economy, #wages-and-salaries, #workplace-environment

Why Union Efforts at Starbucks Have Spread Further Than at Amazon

Why has the union campaign spread so much further at the coffee chain than at the e-commerce giant?

#amazon-labor-union, #amazon-com-inc, #coffeehouses, #labor-and-jobs, #organized-labor, #starbucks-corporation, #starbucks-workers-united, #wages-and-salaries, #warehouses, #workplace-environment

April Jobs Report: Gain of 428,000 Shows Vibrant Labor Market

The Labor Department reported a gain of 428,000 jobs in April, along with a 5.5 percent increase in average hourly earnings from a year earlier.

#hiring-and-promotion, #inflation-economics, #interest-rates, #labor-and-jobs, #labor-department-us, #unemployment, #united-states-economy, #wages-and-salaries

The Fed Wants to Fight Inflation Without a Recession. Is It Too Late?

Federal Reserve officials took a while to recognize that inflation was lasting. The question is whether they can tame it gently now.

#consumer-behavior, #federal-reserve-system, #inflation-economics, #interest-rates, #labor-and-jobs, #powell-jerome-h, #quantitative-easing, #stimulus-economic, #united-states-economy, #wages-and-salaries

Starbucks Plans Wage Increases That Won’t Apply to Unionized Workers

The initiative was announced as labor organizers have won initial votes at more than 50 stores, including several this week.

#collective-bargaining, #employee-fringe-benefits, #labor-and-jobs, #organized-labor, #schultz-howard-d, #starbucks-corporation, #wages-and-salaries, #workers-united