Lant Pritchett says the world’s wealthiest nations will face a significant labor shortage, and labor mobility is the best way to deal with it. Pritchett is an economist and research director for the Labor Mobility Partnerships (LaMP). He joined Simon Johnson, professor of entrepreneurship at the Massachusetts Institute of Technology’s Sloan School of Management, on…

Commentary The Australian Labor Party and the trade unions have been waging a war against what they call “insecure work” and contracting for some years, but it is only now they are in power that the reality is starting to dawn on employers. Take BHP. The mining giant complains that the cost of Labor’s “Same Job. Same…

Texas Senate lawmakers passed a bill on May 16 designed to take some authority away from cities and counties in the state that impose regulations exceeding state law. House Bill 2127, known as the “Texas Regulatory Consistency Act” is sponsored by state Sen. Brandon Creighton and state Rep. Dustin Burrows, both Republicans. It passed the Senate…

The Senate Health, Education, Labor, and Pensions Committee holds a hearing on Preparing for the Next Public Health Emergency: Reauthorizing the Pandemic and All-Hazards Preparedness Act at 1:00 p.m. ET on May 4. Assistant Secretary for Preparedness and Response Dawn O’Connell, Centers for Disease Control and Prevention Director Rochelle Walensky, Food and Drug Administration Commissioner  Robert…

The Senate Health, Education, Labor, and Pensions Committee holds a hearing on Preparing for the Next Public Health Emergency: Reauthorizing the Pandemic and All-Hazards Preparedness Act at 1:00 p.m. ET on May 4. Assistant Secretary for Preparedness and Response Dawn O’Connell, Centers for Disease Control and Prevention Director Rochelle Walensky, Food and Drug Administration Commissioner  Robert…

Former prime minister John Howard will help the Liberals rally the party faithful in the western Sydney marginal seat of Penrith as parties make their final pushes for votes ahead of polling day. The scheduled appearance on Sunday will be Howard’s second outing in Penrith, coming a few days after he campaigned with Stuart Ayres, who holds the…

BRUSSELS—Eurozone labor costs jumped in the last three months of 2022 and third-quarter data was revised up as well, but the rise of the wage component was still roughly half the increase in consumer inflation, data showed on Friday. The European Union’s statistics office Eurostat said labor costs in the 19 countries that shared the…

Fewer Americans applied for jobless claims last week as the labor market continues to thrive despite the Federal Reserve’s efforts to cool the economy and tamp down inflation. Applications for jobless claims in the United States for the week ending March 11 fell by 20,000–192,000 from 212,000 the previous week, the Labor Department said Thursday….

WASHINGTON—U.S. labor costs grew faster than initially thought in the fourth quarter, though the pace has slowed from the prior quarters. Unit labor costs—the price of labor per single unit of output—accelerated at a 3.2 percent annualized rate last quarter, the Labor Department said on Thursday. That was revised up from the 1.1 percent pace…

WASHINGTON—U.S. Treasury Secretary Janet Yellen on Monday said she saw a path for avoiding a U.S. recession, with inflation coming down significantly and the economy remaining strong, given the strength of the U.S. labor market. “You don’t have a recession when you have 500,000 jobs and the lowest unemployment rate in more than 50 years,”…