A new survey suggests employers should brace for an increasingly competitive talent market post-pandemic, with half of U.S. workers telling pollsters they feel more in control of their careers and a majority saying they’d like to retrain for a job in an entirely different field. According to Prudential’s latest Pulse of the American Worker Survey, which polled…
Employers Must Brace for Competitive Talent Market as Workers Rethink Careers and Job Expectations: Survey
Delta Aims to Hire Over 1,000 Pilots by Next Summer: Memo
Delta Air Lines aims to hire more than 1,000 pilots by next summer, according to a company memo reviewed by Reuters on Monday. Several other U.S. carriers have also said they plan to hire more pilots and staff. Delta expects U.S. leisure travel volume this month to return to pre-pandemic levels and is seeing more…
US Trade Boss Tai: We Will Not Incentivize Firms to Move Jobs Overseas
June 21, 2021
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AmericasBusinessEconomiesExecutive BranchGeneral Motorskatherine tailabor rightsMexicoPoliticsUSUS NewsWorld
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WASHINGTON—The Biden administration said on Monday it was working closely with the United Autoworkers union in pressing Mexico to probe alleged labor rights violations at a General Motors plant in that country, and vowed to fight for a worker-focused trade policy. U.S. Trade Representative Katherine Tai told members of the UAW union during a visit…
Time on Market for Typical US Home Drops to Just 6 Days: Report
A new report from real estate listing firm Zillow shows that, while the for-sale housing inventory ticked up slightly in May after falling for nine months straight, the typical time of a home on the market fell to just six days and prices hit record highs. “May brought a long-awaited bump in inventory nationwide, though…
The Falling Rents of COVID Times Are Behind Us. Expect Prices to Rise
By Andrew Khouri From Los Angeles Times The era of pandemic rent declines appears to be over. After falling through much of the COVID-19 crisis as people relocated to suburbs or moved in with relatives, rents in big cities including Los Angeles, San Francisco and New York are now on the rise. And experts say…
US Weekly Jobless Claims Unexpectedly Rise
WASHINGTON—The number of Americans filing new claims for unemployment benefits increased last week for the first time in more than a month, but layoffs are easing amid a reopening economy and a shortage of people willing to work. Initial claims for state unemployment benefits totaled a seasonally adjusted 412,000 for the week ended June 12,…
Neiman Marcus to Spend $500 Million on New Investments Amid Rebound
NEW YORK—Neiman Marcus is hoping to capitalize on rebounding luxury sales by investing more than $500 million over the next three years in refreshing stores, speeding up deliveries and acquiring new technology. The plan, unveiled Tuesday, includes a pact to purchase Stylyze Inc., a tech startup that recommends outfits for customers based on past purchases…
Producer Prices See Biggest Annual Surge on Record, Stoking Inflation Concerns
Producer prices rose above expectations in May, marking their biggest 12-month increase on record and reinforcing broader inflation concerns as higher production costs tend to filter down to consumers. According to a Labor Department release (pdf), for the 12 months ending in May the producer price index (PPI) surged by 6.6 percent, the highest number in…
Australia-UK Trade Deal Another Step Towards Diversification Away From China
June 16, 2021
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Leading export industry bodies—impacted by Beijing’s economic coercion tactics over the past year— have welcomed the signing of the Australia-UK free trade deal on Wednesday. Tony Battaglene, CEO of Australian Grape and Wine, congratulated the federal government’s efforts and hailed the free trade agreement as a “key milestone.” “The United Kingdom is an incredibly important…
Restaurant Owner Blames Labor Shortage for 99 Percent Increase in Chicken Wings Prices
A restaurant owner from Buffalo, New York, told Fox Business on Monday that chicken wings are getting more expensive because farms are struggling to deal with a national labor shortage. Greg Duell, the co-owner of Duff’s Famous Wings, told Fox Business that wing prices from his supplier were up 99 percent and that they couldn’t keep…
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