Posts tagged gross domestic product

    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

    News Article ● Unions

    This new union boss could start the biggest strike in decades

    March 24, 2022 // O'Brien, a self-described "militant," is vowing to take a much harsher line with employers than his predecessor did. And that could lead to a strike at the nation's largest union employer when the Teamsters' UPS (UPS) contract expires on July 31 2023.

    $350 million strike fund 6% of US GDP assistant professor and director of labor education Boston Chris Isidore CNN Business communities cost-of-living raises customers economy employees fixed raises gross domestic product heavy-equipment driver International Brotherhood of Teamsters James Hoffa John Deere & Co Labor Department labor-management relations largest trucking and supply management company logistics industry lucrative tentative pacts lump sum payments nation's largest union employer nation's trucking system National International Brotherhood of Teamsters national Teamsters negotiations new general president rank and file Sean O'Brien sharing the wealth strike fund Supply chain Teamsters' UPS tier Todd Vachon Trucking Union union members unions United Auto Workers US labor movement work stoppage