U.S. job growth likely slowed in October partly due to strikes by the United Auto Workers (UAW) union against Detroit's 'Big Three' car makers, which...
WASHINGTON - U.S. job growth likely slowed in October partly due to strikes by the United Auto Workers union against Detroit's "Big Three" car makers, which depressed manufacturing payrolls.
"The hiring figures will ultimately be somewhat depressed by strike activity, though the labor market is still likely to remain quite tight," said Sam Bullard, a senior economist at Wells Fargo in Charlotte, North Carolina. "There is a large downward seasonal adjustment to payrolls in October, around 900,000," said Veronica Clark, an economist at Citigroup in New York. "This would imply weakness in seasonally adjusted figures if the usual increase in employment, which typically occurs ahead of the holiday season, is not as large as normal. Anecdotes from various companies have suggested holiday season hiring should still be robust this year.
They said the recent surge in worker productivity would not be enough to offset higher compensation as the economy was now predominantly services.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Toyota hiking wage of U.S. factory workers after UAW labor dealsExplore stories from Atlantic Canada.
Lire la suite »
UAW strikes end: What it means for Biden, Big ThreeAutoworkers have concluded a six-week strike, securing tentative agreements with Detroit's Big Three automakers—Ford (F), Stellantis (STLA), and General...
Lire la suite »
Toyota to Hike Pay for US Hourly Workers After UAW-Detroit DealsToyota Motor Corp. is raising wages for assembly workers in the US after its Detroit carmaking rivals reached tentative deals with their union to boost pay.
Lire la suite »
Stellantis Deal Includes $19 Billion in US Investment, UAW SaysStellantis NV’s tentative agreement to end the six-week strike by the United Auto Workers includes $19 billion in new investment, such as reviving an idled assembly plant and building a new battery plant in Illinois, the union said Thursday.
Lire la suite »
UAW members at the first Ford plant to go on strike overwhelmingly approve the new contractU.S. autoworkers at the first Ford factory to go on strike have voted overwhelmingly in favour of a tentative contract agreement reached with the company.
Lire la suite »