Stocks Nosedive, As Jobs Report Stokes Fed Fears
US stocks plummeted Friday, making for the worst day since the sell-off in September. Traders were driven to the doors when the monthly unemployment report showed continuing tightness in the…
US Carriers Begin To Prepare For A Rail Strike
Almost 115,000 rail workers are set to go on strike Thursday at midnight, absent intervention from the government, as a mandatory “cooling off” period comes to a close. As negotiations…
Goldman Sachs Chief Economist Says Railroad Strike Not A Black Swan
Goldman Sachs chief economist Jan Hatzius says while railroad stroke could definitely have an effect on the economy, it would not be a Black Swan event. In an interview, Hatzius…
August Jobs Report Comes In Just Right
The August jobs report showed that the economy added 315,000 jobs in August, and unemployment rose to 3.7%. Although the labor market is still strong, job growth has cooled off…
August Jobs Report Expected Hot, Ignites Fed Fears
The August jobs report is coming at 8:30 a.m. ET Friday, and analysts expect it is going to come in hot with broad-based hiring across many sectors, and that may…
Emergency Board Recommends Up To 7% Pay Raises For Rail Workers
Reuters is reporting that the White House emergency board working to help unions and major freight railroads breakthrough a contract negotiation stalemate has proposed on Tuesday that union workers be…
Labor Negotiations With Rail Workers Still Far From Any Agreement Over Wages
According to Union Pacific’s CEO, the rail line is still locked in negotiations for a new labor contract with rail workers and freight railroads, and they are not anywhere near…
Boeing Union Rejects Contract Offer
On Saturday Boeing said it was “disappointed” that its contract offer was recommended for rejection by the Union which represents nearly 2500 employees at the plane-maker’s factories in the St…
