A man walks past a “We Are Hiring” sign in New York City on July 8, 2022. Angela Weiss | AFP | Getty Images Job openings plunged in June to their lowest level since September 2021 in a pot...
Tag: Labor
Boeing Stock Rises as Strike Temporarily Averted, 787 Cleared for Deliveries
Text size The Federal Aviation Administration gave clearance to Boeing to begin deliveries of the 787 Dreamliner after approving the company’s plan to correct production problems with the aircra...
Defense Companies Hurt by Staffing Shortages Amid Growing Weapons Demand
July 30, 2022 11:04 am ET Listen to article (2 minutes) U.S. defense companies are experiencing staffing shortages when the war in Ukraine and tensions surrounding Taiwan are expected to stoke demand ...
Job switchers saw a greater increase in salary than people who decided to stay put. Here’s what’s at stake.
It pays to look around. The number of job switchers reporting wage gains has expanded while the number of job stayers reporting wage gains actually contracted as inflation exacts its toll, according t...
When will the Fed stop raising interest rates? The ‘terminal rate’ may still be far off
The U.S. economy is somewhere in the middle of the Federal Reserve’s interest rate hiking saga to tame inflation, but people already want to know where the story ends. That’s what’s getting discussed ...
What I learned when I took a corporate job after 20 years of working for myself
When I was 30, I quit my job as a lawyer to become a freelance writer, following a dream I’d had since I was a kid. At the time, I had sold two articles to magazines (Cosmopolitan and Bride’s) and bui...
Microsoft stock jumps after ‘shockingly robust’ forecast calls for continued strong cloud growth
Microsoft Corp. missed expectations for profit and revenue in a Tuesday earnings report, as deteriorating economic conditions led to an even greater shock than expected when executives revised their g...
WWE finds $14.6 million in ‘unrecorded expenses’ made by Vince McMahon
World Wrestling Entertainment Inc. disclosed Monday that it will restate financial statements back to 2019 after uncovering $14.6 million in “unrecorded expenses” paid out by former long-time Chief Ex...
About 2,500 Boeing workers to strike after rejecting contract offer
ST. CHARLES, Mo. — Roughly 2,500 Boeing workers are expected to go on strike next month at three plants in the St. Louis area after they voted Sunday to reject a contract offer from the plane maker. T...
It’s the end of ‘fantasyland’ for Big Tech and its workers
After Big Tech grew in unprecedented and unchecked fashion for a decade, building ostentatious palaces to house growing workforces while plying them luxuriant freebies to keep them from defecting to r...
Jobless claims rise again in another sign that labor market is cooling
A man walks past a “Now Hiring” sign in New York City on July 8, 2022. Angela Weiss | AFP | Getty Images Initial jobless claims hit their highest level since mid-November last week, the la...
Ford Plans to Cut Several Thousand Salaried Jobs
Ford Motor Co. is planning to cut several thousand white-collar workers as it looks to trim costs to position the company for a long-range transition to electric vehicles, according to people familiar...
We have $1.5 million we don’t intend to ever use in retirement – how do we invest it if we plan on giving it to our kids one day?
I’m 59 years old, and my wife is older (retired early). I will be retiring next year after 40 years of Naval service and government contracting. After the recent market crash in 2022, we still have a...
Some older workers are being welcomed back to the workforce
Tad Greener’s career and expertise was mostly related to electric and natural gas utilities. Toward the end of 2019 he unexpectedly found himself subject to a “reduction in workplace” at the universit...
All Jobs Businesses Cut in Pandemic Are Back, but Not Where They Were Lost
Private-sector payrolls exceeded prepandemic levels in June, taking just over two years to close a 21 million job gap that was created in the spring of 2020 and reshaping the labor market in the proce...
Chinese Lithium Giant Pulls EVs Deeper Into Forced Labor Glare
(Bloomberg) — A lithium producer for carmakers including BMW AG and Tesla Inc. is beginning work to assess battery metals projects in Xinjiang, deepening links between electric vehicle supply ch...
7 financial planning steps to take in the decade before retirement
The decade leading up to your retirement is one of the most critical periods for retirement planning. There are a number of financial planning issues to consider during this time period to help ensure...
Starbucks Store Closings Spark Dispute With Unionizing Employees
Starbucks (SBUX) – Get Starbucks Corporation Report interim Chief Executive Howard Schultz is looking to the future. In a July 11 letter to employees Schultz laid out a new vision and principl...
I’ll be 65 soon, have $320,000 in retirement savings and a paid-off home but I’m $46,000 in debt – should I take more money out of my investments?
I’ll be 65 in a couple months. I retired at 63 and am currently receiving survivor Social Security payments (from my late husband). I plan on switching over to my Social Security at 70. I receive abou...
Anthony Pompliano Nets $12.6M to Help Crypto Labor Liquidity, Buys Rival
Investors include Peter Thiel’s investment firm, Fifth Down Capital, former Palantir CFO Pompliano’s plan to launch a crypto jobs marketplace surfaced in January 2021 Anthony Pompliano, founder of Pom...
Tesla Rival Rivian Makes Big and Deep Changes
Rivian ( (RIVN) – Get Rivian Automotive Inc. Report) is in the process of launching a major restructuring to become more “nimble” to weather a difficult period for the automotive ind...
U.S. June inflation report circulating on internet Tuesday is fake, Bureau of Labor Statistics says
The U.S. Bureau of Labor Statistics said Tuesday that a release circulating online purporting to show June inflation data, due for release on Wednesday morning, was a forgery. “We’re aware of a fake ...
We have 25 years until retirement and are saving 25% of our income — are we doing it right? And are we saving too much?
My wife, 33, and I, 40, have our own 403(b)s, Roth accounts (maxing their contributions this year for the first time) and pensions as part of our retirement plan. My wife contributes 14% of her pay t...
My boyfriend, 68, has almost no ‘mad money’ for fun activities and trips. He lives with his father, 95, and expects to inherit his house. Is it unreasonable to expect him to get a part-time job?
I am a 65-year-old retired woman with modest Social Security and annuity payments. I also own my own home and have savings. I’ve been seeing a 68-year-old retiree since just before the pandemic. He li...