The union workers who build the nation's internet networks have a huge stake in how Congress decides to divvy up infrastructure funding— and they want strings attached to make sure they're not left on the sidelines.
Why it matters: The telecom workers' union sees an ally in President Joe Biden for its pressure campaign to ensure union members will play a role in infrastructure-funded jobs.
Never have so few people been let go by employers, according to closely watched jobs data out Wednesday. Put another way: Companies are holding onto staff for dear life.
Why it matters: It's another sign of the American worker's newfound leverage, ushered in by businesses' desperation for workers to meet the demand of the economic snapback.
President Biden is expected to issue an executive order calling on the Federal Trade Commission to adopt rules to limit the use of noncompete clauses, the White House announced Wednesday.
Why it matters: Noncompete clauses "force workers to sign away their right to take jobs in similar fields, often for months after leaving a job. These are increasing income inequality and helping hold down Americans' wage," analysts say.
Before the pandemic, the four-day workweek was a pipe dream. Now, it's quickly gaining popularity.
Why it matters: The pandemic underscored burnout's damaging effect on workforces — and how flexibility can mitigate it. One solution is to work fewer days, which could paradoxically boost productivity.
The June jobs report was strong, but not so strong that it stoked fears that the Federal Reserve would scale back on its supportive monetary policies sooner than expected. This sentiment was reflected in the stock market, where the S&P 500 closed at a record high after the news.
Why it matters: The U.S. economy continues to recover as hundreds of thousands of Americans return to work.
As experts attempt to explain why businesses are struggling to hire, some have made the case that the pandemic encouraged older working Americans to retire earlier than expected.
Why it matters: If it's true that retirements are unusually high, then the labor market may have less slack than many assume.
The overwhelming majority of workers and employers want hybrid work with some days in the office and some days away, or even some workers permanently in person and others always remote. But, done imperfectly, such a system could create a two-class system between those in the office and those out of it.
What's happening: Now some firms are starting to figure out what the future of equitable hybrid work and hybrid workplaces could actually look like.
It's a recovery quirk few saw coming: Vaccines are flowing and there’s fresh proof wages are rising — but it’s not enough to entice more sidelined workers back into the labor force.
What’s new: The economy added an impressive 850,000 jobs last month.
Americans are going back to work at a faster clip — and getting paid more to do so.
Driving the news: The U.S. economy added a better-than-expected 850,000 jobs in June. Average hourly earnings jumped 3.6% from a year ago, in a continuation of the trend seen over the past two months.