Bank of England’s Bailey faces backlash after discouraging pay rises

Andrew Bailey, governor of the Bank of England, speaks at a press conference on the Monetary Policy Report at the Bank of England on Feb. 3, 2022 in London, England. Dan Kitwood | Getty Images News | ...

Alphabet, Payal and Other Growth Stocks That Can Thrive in a Labor Shortage

Text size PayPal is among companies keeping employees happy, according to Just Capital. Justin Sullivan/Getty Images The inability to hire workers and a labor shortage is an oft-repeated concern from ...

Here’s where the jobs are for January 2022 — in one chart

Despite a spike in omicron Covid-19 cases, U.S. employers managed to add over 450,000 jobs last month thanks to robust hiring at restaurants and bars, retailers and mail and parcel delivery workers. T...

Black unemployment rate dips, labor force participation rises in January

A Now Hiring sign hangs near the entrance to a Winn-Dixie Supermarket on September 21, 2021 in Hallandale, Florida. Joe Raedle | Getty Images The January jobs report showed some signs of optimism for ...

Long-term unemployment tumbles in January

A job seeker receives information from a recruiter during a job fair in Miami on Dec. 16, 2021. Eva Marie Uzcategui/Bloomberg via Getty Images Long-term unemployment fell significantly in January, con...

Bodegas look to zoning to defend against instant delivery rivals

A Gopuff location on the Lower East Side of Manhattan across from Stop 1 Deli. Jan. 12, 2022. Hannah Miao | CNBC Grocery delivery start-up Gopuff last fall moved into the ground-floor retail space of ...

Black Americans’ lack of participation in the stock market likely to widen post-pandemic wealth gap

Commuters arrive at Grand Central Station with Metro-North during morning rush hour in New York City. Angela Weiss | AFP | Getty Images Thanks to the historic stock market rebound from pandemic lows, ...

Companies cut 301,000 as omicron slams labor market

Companies cut jobs in January for the first time in more than a year as the spread of the Covid omicron variant appeared to hit hiring, payroll processing firm ADP reported Wednesday. Private payrolls...

Opinion: The Fed is determined to stop wages from rising

AUSTIN, Texas (Project Syndicate)—Federal Reserve Chair Jerome Powell has now committed to putting monetary policy on a course of rising interest rates, which could boost the short-term rate (on feder...

Wage growth may be slowing from ‘breakneck’ pace

A Now Hiring sign hangs in front of a Winn-Dixie grocery store on Dec. 3, 2021 in Miami. Joe Raedle | Getty Images The rapid pace of pay increases that characterized the labor market for much of last ...

Opinion: The party’s over: The Fed and Congress have pulled their support from workers and investors

Even as the government reports the fastest economic growth in nearly 40 years, the historic gains in income and wealth that inflated the economy in 2020 and 2021 are fading fast. The air is coming out...

Young Starbucks baristas are powering a growing push to unionize

From coast to coast, young Starbucks baristas are pushing to unionize their cafes, flexing their collective power against the coffee giant in a fight that could change the broader restaurant industry ...

Here’s what to consider before taking a pay cut

Drakula & Co. | Moment | Getty Images The pandemic has upended millions of American lives, and for many has made them reconsider priorities around work. That’s prompted many to quit jobs ami...

Opinion: Thankfully, the Fed has decided to stop digging, but it has a lot of work to do before it gets us out of hole we’re in

NEW HAVEN, Conn. (Project Syndicate)—The Federal Reserve has turned on a dime, an uncharacteristic about-face for an institution long noted for slow and deliberate shifts in monetary policy. While the...

The stock market slide is unlikely to budge the Fed from tightening

The Marriner S. Eccles Federal Reserve building in Washington, D.C., on Friday, Sept. 17, 2021. Stefani Reynolds | Bloomberg | Getty Images The current slide in the stock market may be spooking some i...

Merrill Lynch fires James Iannazzo after arrest for TikTok filmed rant

James Iannazzo (DOB 05/15/1973) was arrested and charged with C.G.S 53a-181ka; Intimidation Based on Bigotry or Bias in the Second Degree, C.G.S 53a-181; Breach of Peace in the Second Degree and C.G.S...

Can Microsoft acquisition cure Activision Blizzard’s toxic workplace?

Besides concerns about antitrust scrutiny and a record $68.7 billion price tag, Microsoft Corp.’s planned acquisition of Activision Blizzard Inc. also raises a key question: How will it deal with the ...

56% of Americans can’t cover a $1,000 emergency expense with savings

JGI/Jamie Grill | Tetra images | Getty Images Most Americans are still struggling to build solid savings accounts nearly two years into the coronavirus pandemic. Some 56% of Americans are unable to co...

Starbucks won’t require vaccination or weekly testing after court ruling

People wear protective face masks outside Starbucks in Union Square in New York. Noam Galai | Getty Images Starbucks has suspended its plan to require baristas to get vaccinated or receive weekly test...

U.S. companies are expecting to pay an average 3.4% raise to workers in 2022

U.S. employers expect to pay an average 3.4% raise to their workers in 2022, according to a Willis Towers Watson survey. That projected wage growth is faster than actual raises paid in the prior two y...

Biden vows Covid vaccine push after Supreme Court ruling on vaccination mandate

A healthcare worker prepares a syringe with the Moderna COVID-19 vaccine at a pop-up vaccination site operated by SOMOS Community Care during the COVID-19 pandemic in Manhattan in New York City, Janua...

Biden deploys military medical personnel to hospitals in six states

A soldier transports a patient at UMass Memorial Medical Center in Worcester, Massachusetts on December 30, 2021. Joseph Prezioso | AFP | Getty Images President Joe Biden on Thursday will announce the...

Despite higher wages, inflation gave average worker a 2.4% pay cut last year

A San Francisco grocery store. David Paul Morris/Bloomberg via Getty Images Inflation is taking a big bite out of workers’ paychecks, eroding many of the raises businesses have offered to attrac...

Travel is ‘roaring back’ — That’s good and bad for travelers

Last year wasn’t a stellar year for travelers. Perhaps that’s why so many are pinning their hopes on 2022.  Travel bookings and inquiries are surging, say travel insiders, in an upward tra...

Goldman predicts the Fed will hike rates four times this year, more than previously expected

Federal Reserve Chairman Jerome Powell testifies during the House Financial Services Committee hearing titled Oversight of the Treasury Department’s and Federal Reserve’s Pandemic Response...

Here’s where the jobs landed last month — in one chart

The leisure and hospitality sector led hiring in December as restaurant and bar managers added wait staff, cooks and bartenders to payrolls ahead of the holidays. That sector saw net job growth of 53,...

Stock futures inch higher ahead of key jobs report

U.S. stock index futures were little changed during overnight trading on Thursday, ahead of Friday’s key jobs report. Futures contracts tied to the Dow Jones Industrial Average gained 65 points....

Have Covid? You can’t get unemployment benefits

A healthcare worker administers a Covid-19 swab test at the Boulder County Fairgrounds testing site in Longmont, Colorado, on Dec. 14, 2021. Chet Strange/Bloomberg via Getty Images Covid-19 infections...

5 ways to reset your retirement savings and save more money in 2022

Review workplace retirement plan contributions Contribute to traditional or Roth accounts — or both One decision is whether to put money pre-tax in a traditional 401(k) or workplace plan or contribute...

Starbucks readies its workforce for Biden’s vaccine-or-test mandate

A Starbucks employee wears a facial covering while working in Dallas, Texas. Ronald Martinez | Getty Images Starbucks is readying its workforce to comply with the Biden administration’s vaccine-...

Omicron Takes a Toll on Businesses, From Airports to Bars and Supermarkets

The rapid spread of Covid-19’s Omicron variant is weighing on U.S. businesses, keeping more workers home sick or quarantined and leading some companies to cut services and reduce hours. The rise of U....