Labor & Economic News Blog
Monday, June 29, 2009
GM plans to quit Nummi plantGM plans to quit Nummi plant
General Motors plans to quit a joint venture with Toyota to make cars at New United Motor Manufacturing Inc. in Fremont, ...
Friday, June 05, 2009
Jobs Picture, June 5, 2009Jobs Picture, June 5, 2009
The unemployment rate increased from 8.9% to 9.4% in May, as the Household Survey showed that over three-quarters of a million workers were added to the jobless rolls, according to the Bureau of Labor Statistics. May marked the 17th straight month of job loss; the current recession is now officially the longest economic downturn since the Great Depression.
SEIU, San Francisco city pact will limit layoffsSEIU, San Francisco city pact will limit layoffs
San Francisco's largest union has overwhelmingly approved a package of contract concessions, giving City Hall some wiggle room as it works to bridge a major budget deficit.
Current Employment Statistics Latest NumbersCurrent Employment Statistics Latest Numbers
By U.S. Bureau of Labor Statistics
Change in Payroll Employment:-345,000(p) in May 2009Historical Data
Change in Average Hourly Earnings:+$0.02(p) in May 2009Historical Data
Change in Average Weekly Hours:-0.1(p) in May 2009Historical Data
Change in Manufacturing Average Weekly Hours:-0.2(p) in May 2009Historical Data
Change in Aggregate Hours Index:-0.7(p) in May 2009Historical Data
Change in Real Earnings:+$0.01(p) in Apr 2009Historical Data
Thursday, June 04, 2009
Limiting the Tax Exclusion for Employer-Sponsored Insurance Can Help Pay for Health ReformLimiting the Tax Exclusion for Employer-Sponsored Insurance Can Help Pay for Health Reform
Limiting the tax exclusion for employer-sponsored health insurance could provide significant revenues for health reform without eroding employer-sponsored insurance or causing other undesirable side effects — if the cap and the rest of the health reform legislation are well designed.
Justice Dept. looks at high-tech firms' hiringJustice Dept. looks at high-tech firms' hiring
Justice Department investigators are examining the hiring practices of major technology companies including Yahoo, Google and Genentech to see whether they violate antitrust laws, according to people familiar with the...
Wednesday, June 03, 2009
In Hollywood, Too Many ExtrasIn Hollywood, Too Many Extras
For many in Hollywood, being an extra has always been a good way to make a little extra cash — some even make a living out of it. But unemployed locals have taken notice, and lines at Hollywood agencies that cast extras are longer than ever.
Tuesday, June 02, 2009
The worst downturn since the Great DepressionThe worst downturn since the Great Depression
This recession has become the longest and deepest economic downturn since the Great Depression. On June 5, the Bureau of Labor Statistics will release its May employment report, detailing how the labor market fared during the 17th month of the recession.