Starting in 1978, China’s ruling Communist Party has steadily embraced market reforms and transformed the country into the world’s second largest economy. What remains of the Chinese socialist system?
New data from the Labor Department show 201,000 new jobs were created in August, which is about average, month-in, month-out, for the past year. The unemployment rate was unchanged, at 3.9 percent. We’ve been sitting in that low-unemployment ballpark since mid-spring. Average hourly earnings for private sector workers accelerated in August. They’re up 2.9 percent compared […]
The Supreme Court’s Janus decision only applies to public-sector unions, barring them from compelling nonunion members to pay agency fees that are meant to cover the costs of collective bargaining and other union services. But some powerful private-sector unions — including the Teamsters, Service Employees International Union and the United Auto Workers — have organized a lot […]
We are finally starting to see some signs that the tight labor market is pushing up wages. New numbers out today from the Department of Labor show wages and salaries in the private sector are up 2.8 percent from this time last year. That doesn’t leave too much extra cash for workers once you factor […]
There are major differences between the Senate and House versions of the GOP tax plan. And while corporate America writ large appears to be the big winner in both versions, not all corporations are treated equally. Here’s a look at which industries come out on top and which do not. Click the audio player above […]
