After a rough jobs report Friday, U.S. stocks rallied Monday, which many experts didn’t see coming.
Browsing Tags's Archives »»
A few agencies, including Department of Defense, Department of Energy and the federal courts, are using left-over pots of money to try and keep workers on the job.
It’s a tough time to celebrate the American worker. This coming Monday is set to mark the third consecutive Labor Day with an unemployment rate around 9% and 14 million Americans looking for work. The median unemployed worker has been jobless for six months. The past year has been especially tumultuous for the labor movement, from Wisconsin Governor Scott Walker’s defanging of his state’s public-sector union to the recent strike by 45,000 Verizon that ended with a whimper instead of a bang. Even leaders in reliably Democratic states like California, Connecticut, and New York are wresting concessions from government employees in the face of local budget deficits for the foreseeable future.
