Posts tagged finance

    News Article

    Worker productivity saw its biggest drop since 1947 in the first quarter—but experts say the headline figures don’t tell the whole story

    May 9, 2022 // American workers’ productivity dropped sharply in the first quarter of 2022, notching the largest three-month decline since 1947. Non-farm productivity, which measures worker output against hours worked, sank 7.5% from January through March, the Bureau of Labor Statistics reported on Thursday.

    American workers’ productivity Bureau of Labor Statistics. business unit labor costs Chad Moutray China lockdowns Covid Economic Policy Institute economy Federal Reserve finance first quarter fixed investment Fortune GDP gross domestic product healthy growth Heidi Shierholz inflation Labor labor force low productivity jobs lower productivity Manufacturing sector labor National Association of Manufacturers Non-farm productivity Obama administration economist Pandemic productivity drop productivity gains productivity spiked raises interest rates supply chain challenges Wall Street analysts war in Ukraine WILL DANIEL worker output against hours worked

    Op-ed ● Labor PRO Act Unionization

    Opinion: Amazon Employees Don’t Need a Union

    March 25, 2022 // Tight labor markets empower workers more than any union. That’s why it’s unlikely that the 7,500 Amazon workers at the JFK8 plant in Staten Island, New York, who are voting today on whether to join the Amazon Labor Union, will choose to be organized. Voting at Amazon’s LDJ5 plant (also in Staten Island), which employs 1,500 workers, will take place next month.

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