Keyword: labor
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,,,Mayfield's father gave up life as a struggling cowboy and opened the family's first Dairy Queen in the late 1940s. Now, the younger Mayfield is lauded as the "King of Queens" by the Austin-American Statesman. And the King is taking on the federal government, accusing the Department of Labor of overstepping its authority by unilaterally raising the minimum salary employees must be paid to be exempt from overtime pay.... Mayfield has been locked in a battle with the Department of Labor for the last two years, suing for the right to offer his managers the compensation packages he sees fit....
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... The U.S. Forest Service has issued a nationwide hiring freeze on all non-fire seasonal employees...
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A recent report found that companies were dissatisfied with their Generation Z (Gen Z) new hires and may avoid hiring recent graduates in the future.Generation Z is beginning to enter a workforce that isn't fully prepared for them. As many recent graduates face complaints about how they fit into the workplace, employers report increasing hesitancy in hiring them, according to a recent report by the education and career advisory platform, Intelligent. The report, which was based on a survey of nearly 1,000 hiring managers, found that one in six employers were reluctant to hire Gen Z workers mainly due...
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A New York state Supreme Court ordered all New York City employees who were fired for not being vaccinated to be reinstated with back pay. The court found Monday that "being vaccinated does not prevent an individual from contracting or transmitting COVID-19." New York City Mayor Eric Adams claimed earlier this year that his administration would not rehire employees who had been fired over their vaccination status. NYC fired roughly 1,700 employees for being unvaccinated earlier this year after the city adopted a vaccine mandate under former Mayor Bill de Blasio.
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ohn Deere says they plan to lay off an additional 287 workers. However, the company insists that those jobs are not being moved to Mexico.. “It is important to note these layoffs are due to reduced demand for the products produced at these facilities. They are not related to production moves,” the company wrote in a statement to KWQC-TV. “As we have repeatedly stated, layoffs this fiscal year are due to the weakening farm economy and a reduction in customer orders for our equipment.” John Deere had already announced the layoffs of more than 600 employees at three production plants...
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The panic on the left is international. U.K. Labour, which is collapsing before our eyes a mere few months after winning a massive majority in the Parliament, is engaging in a massive election interference program here in the United States. When Russia spent a few hundred thousand dollars on grossly ineffective ads aimed at stirring up trouble in 2016, the world went wild. The ruling party of the United Kingdom is literally sending foreign agents to the United States to help the Kamala Harris campaign. So far nobody is making a stink about it. Why on Earth is @UKLabour proactively...
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Republican vice presidential hopeful JD Vance calmly fended off questions from a reporter who suggested a crackdown on illegal immigration could exacerbate the housing crisis. Vance, 40, who has long contended that illegal immigration reduces the housing supply and therefore sends prices soaring, brushed aside any notion that illegal immigrants are paramount in building more houses. “About a third of the construction workforce in this country is Hispanic. Of those, a large proportion are undocumented. So how do you propose to build all the housing necessary that we need in this country by removing all the people who are working...
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Aaron Rice has two logos tattooed on his left leg: one from the plumbing business he co-founded more than a decade ago, and another from the private-equity-backed company that recently bought it. “The trades are hard work. A lot of today’s society, picking up a shovel is foreign to them,” The wave of investment is minting a new class of millionaires across the country, one that small-business owners say is helping add more shine to working with a tool belt. Rice continues to work as a sewer department manager at Rite Way, and plans to stay with the company until...
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But nothing looks like anything the Fed wanted to see. The Fed’s financial plans are running off the rails already. With summer just gone by and the Fed’s first rate cut barely out of the station, already the bond vigilantes are pushing bond interest rates back up, and voting Fed members are already talking about stalling their future rate cuts—all due to inflation being back on the rise. The timing of inflation’s arrival is as I expected, but it is not at all what the Fed was hoping to see. Bond investors are referred to as “vigilantes” when they bring...
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As the media campaign so vigorously for Democrats and cheer how great the Biden-Harris policies have been, suddenly, the Department of Labor comes out with an unemployment report that blows away expectations. Biden and Harris were out bragging as a significant number of people still can’t pay their bills without running up new debt or going delinquent on the debt they already had. Supposedly, 254,000 jobs were created in September. Isn’t that amazing, that this report came out one month before the election? Of course, the media gave the headline number and never got into the details. Here is one...
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As of July 2024, the American economy had 7.7 million job openings. This is up from less than 5 million a decade ago. In a recent interview Mike Rowe, the well-known host of “Dirty Jobs” said the pressure on young people to get expensive college degrees combined with the “harebrained” decision to pull shop class out of high school has resulted in an enormous debt burden and a widening skills gap. Rowe believes many of the vacant positions are for what he calls “dirty jobs” — blue collar work that requires training and experience in the trades rather than the...
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Companies are hiring and firing Gen Z graduates faster than ever, creating a very miserable work experience for everyone involved. The rapid firing of Gen Z in multiple companies is not surprising as employers have spent the last few years complaining about how this particular group of employees is hard to work with, but the scale at which this is occurring does not set a good precedent for the future of work. The Gen Z mass firing was revealed in a recent survey that showed that six in ten employers have already fired college graduates who were hired this year....
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Companies are rapidly firing Gen Z employees just months after they hired them, according to a new report from Intelligent.com, but instead of putting the blame on G Z-ers, one expert told Newsweek whose fault it may really be. The survey revealed that one in six businesses said they were hesitant to hire recent college graduates over concerns about how prepared they are for the work as well as their communication skills and professionalism. And a whopping six in 10 employers had already fired college graduates who were hired in 2024. One in seven said they might refrain from hiring...
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What’s going on? The economy has slowed, fewer companies are hiring and businesses have less of a need for labor. Workers are now losing what was the most leverage they’d had in decades. Excluding the pandemic, the U.S. jobs market hasn’t seen such a seismic shift since the 2008-09 financial crisis, when conditions were even worse. “Full-time versus part-time employment is showing a big divergence, which tallies with the idea that the U.S. is adding largely lower-paid, part-time jobs and is losing full-time, well-paid jobs,” said James Knightley, chief international economist at ING.
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Federal Reserve Chairman Jerome Powell suggested migrants are helping drive rising unemployment during a press conference on Wednesday. Powell spoke to reporters after the Fed announced it would lower its federal funds rate by 0.50% following disappointing job growth in both July and August. Unemployment currently sits at 4.2% — up from 3.4% in April 2023 — in what Powell suggested was largely a product of migrants crossing into the United States. “There’s been quite an influx across the borders, and that is actually one of the things that’s allowed the unemployment rate to rise,” Powell told reporters at the...
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Federal Reserve Chairman Jerome Powell says the nation’s unemployment rate is being raised by Alejandro Mayorkas’ huge inflow of migrants. The statement acknowledges the extraordinary political power accumulated by the Cuban-born Secretary of Homeland Security. Mayorkas’ ability to raise and lower the migration rate makes him the nation’s de facto “Labor Czar” and gives him extraordinary influence over Americans’ employment rates, wages and housing, and even their interest rates. Mayorkas insists he has the legal power to set blue-collar and white-collar immigration rates as he sees fit, regardless of migration numbers set by Congress in 1990, or the wishes of...
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The organic farm shop is a paradise for wealthy Germans. Behind the scenes, we pick and chop vegetables until we’re on the point of collapse ... they guaranteed work for at least 10 hours a day and that I would be paid €6.20 (£5.27) an hour. I would have to pay the agency a fee of €200 and a one-off sum of €105 for my bed. I would buy and cook my own food. They also told me to bring boots and rubber gloves. ... The contract I sign on about day three probably corresponds to the German labour code....
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Vice President Kamala Harris’s tax plan would effectively vaporize nearly 800,000 full-time equivalent jobs, according to studies published by the Tax Foundation Tuesday. Harris’ proposals, including hiking corporate taxes to be among the highest in the developed world, would lower employment by roughly 786,000 full-time equivalent jobs, and reduce long-run gross domestic product (GDP) and wages by 2% and 1.2% respectively, the Tax Foundation found. Meanwhile, Trump’s proposals, including a 60% tariff on China, would lower employment by approximately 387,000 full-time equivalent jobs, lower long-run GDP by 0.2% and increase long-run wages by 0.6%.... ' Trump’s economic plan, including the...
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Nine of the 12 Federal Reserve districts reported a decline in economic activity in August, up five districts from the July Beige Book report. Our system has warned that we are entering a period of stagflation, where inflation remains high but GDP declines. Now, the Fed is reporting that two-thirds of the US economy is experiencing “flat or declining activity.” The US economy advanced 3% during the last quarter, leading many to believe that the economy is recovering since Q2 posted a measly 1.4% advancement. Consumer spending, amounting to 70% of GDP, rose 2.9% last quarter as well, but people...
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The new August jobs report shows employment numbers of U.S.-born workers and foreign-born workers going on two very different trajectories. Data released by the Bureau of Labor Statistics, an arm of the Department of Labor, shows native-born Americans lost more than 1.3 million jobs over the last 12 months, while foreign-born workers gained more than 1.2 million jobs. The news comes as U.S. job growth picked up in August but missed economists' expectations, while the unemployment rate changed little. As of August of this year, there are 129,712,000 native-born workers compared to 131,031,000 in August 2023, meaning a plummeting reduction...
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