Biden is facing these 5 economic hurdles in 2023. … The Biden administration is facing a complex set of economic conditions in 2023. As Friday’s surprisingly strong jobs report showed, employment levels are at a 50-year high even as inflation has been falling for six months in a row. Consistently strong employment along with solid overall growth in the economy during 2022 are also assuaging […]
Starbucks misses sales, revenue estimates as China … Starbucks reported lower-than-expected sales in its fiscal first quarter, with COVID store shutdowns in China overshadowing stronger results elsewhere. Global same-store sales — or sales at stores open at least a year — were up 5% in the October-December period, but that was partly due to higher prices. Store transactions were down 2%. Analysts polled […]
Pioneer Courthouse Square Starbucks begins union … Another Starbucks is in the process of forming a union, this time the location in the heart of downtown Portland.
Third Trader Joe’s store votes to unionize A Trader Joe’s store in Louisville, Kentucky, has become the grocery chain’s third to vote to unionize. Workers at the store voted 48-36 in favor of the union Thursday evening, according to the National Labor Relations Board, which conducted the election. Workers from the Louisville store will now join workers from two other unionized Trader […]
CNH Industrial workers on strike since May approve … More than 1,000 CNH Industrial workers who have been on strike since last May approved a new contract Saturday with the maker of tractors, bulldozers, backhoes and other heavy equipment. The United Auto Workers said union members in Racine, Wisconsin, and Burlington, Iowa, approved the deal two weeks after they rejected an earlier agreement. The […]
US union membership rate hits all-time low despite … The U.S. union membership rate reached an all-time low last year despite high-profile unionization campaigns at Starbucks, Amazon, Apple and other companies. Union members fell to 10.1% of the overall U.S. workforce, according to the Bureau of Labor Statistics. That was down slightly from 10.3% in 2021. The number of workers belonging to a union […]
UAW workers reject CNH offer, extending 8-month strike More than 1,000 striking CNH Industrial workers in Iowa and Wisconsin rejected the “last, best and final offer” from the maker of construction and agricultural equipment Saturday night, extending their eight-month stoppage. In a statement, the United Auto Workers union announced the result of the vote by members who work for CNH and said the […]
