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The US Bureau of Labor Statistics most recent survey indicates that union membership in the US has risen to 12.4% of all workers, from 12.1% in 2007. For a short period, private sector union membership rebounded, increasing from 7.5% in 2007 to 7.6% in 2008. [1] However, that trend has since reversed.
In 1987, United States unionization was 37 points below the average of seventeen countries surveyed, down from 17 points below average in 1970. [3] Between 1970 and 1987, union membership declined in only three other countries: Austria, by 3%, Japan, by 7%, and the Netherlands, by 4%. In the United States, union membership had declined by 14%.
The labor force is the actual number of people available for work and is the sum of the employed and the unemployed. The U.S. labor force reached a high of 164.6 million persons in February 2020, just at the start of the COVID-19 pandemic in the United States. [1] Before the pandemic, the U.S. labor force had risen each year since 1960 with the ...
The U.S. Department of Labor rule will require employers to pay overtime premiums to workers who earn a salary of less than $1,128 per week, or about $58,600 per year, when they work more than 40 ...
The labor market is steadily rebalancing in the wake of 525 basis points worth of rate hikes from the U.S. central bank since March 2022 to cool demand in the overall economy.
As for Treasury notes, which have maturities between two and 10 years and are most sensitive to the Fed’s guidance on rates, Martin expects their yields to stay in the 4.5% to 5% range until ...
Collective agreement. A collective agreement, collective labour agreement ( CLA) or collective bargaining agreement ( CBA) is a written contract negotiated through collective bargaining for employees by one or more trade unions with the management of a company (or with an employers' association) that regulates the terms and conditions of ...
In a clear sign of labor-market cooling, U.S. employers added only 175,000 jobs in April, the Bureau of Labor Statistics reported Friday. That was down from March’s revised 315,000 figure, and ...
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