Labor economy

A small number of employees and supporters picket outside the headquarters of drugstore chain Walgreens during a three-day walkout by pharmacists in Deerfield, Illinois, November 1, 2023.Vincent Alban | ReutersThe organizers of a recent retail pharmacy staff walkout are helping to launch a national push to organize those employees on Wednesday, a potential step to wide-scale unionization of thousands of pharmacists and technicians across the U.S. for the first time.A new partnership between the organizers and IAM…

The exterior of Caesars Palace Hotel and Casino is viewed in Las Vegas on Dec. 4, 2015.George Rose | Getty ImagesA strike is off the table for nearly 10,000 Caesars Entertainment union workers on the Las Vegas strip.The Culinary Union said it took 20 straight hours of negotiations to produce a tentative deal for a new five-year contract, two days before a deadline for a walkout.The previous contract expired June 1. The Culinary Union and Bartenders Union members voted to authorize a strike in September against Caesars,…

U.S. President Joe Biden puts on a t-shirt of the UAW Local 1268 during a United Auto Workers (UAW) union members meeting, in Belvidere, Illinois, U.S., November 9, 2023. Leah Millis | ReutersDETROIT – President Joe Biden said Thursday that all autoworkers deserve contracts like the ones recently won by the United Auto Workers from General Motors, Ford Motor and Chrysler-parent Stellantis.Biden, wearing a red UAW T-shirt given to him by a local union leader, said the deals won by UAW negotiators are "game changers" that…

An employee adjusts bottles of Bud Light beer at an Anheuser-Busch InBev facility in Virginia, Aug. 8, 2018.Andrew Harrer | Bloomberg | Getty ImagesBeverage giant Anheuser-Busch announced it will lay off hundreds of corporate employees as sales of its flagship lager Bud Light falter.In a statement to CNBC on Thursday, a company spokesperson said the job cuts affect less than 2% of U.S. employees. Anheuser-Busch has about 18,000 employees nationwide. The layoffs will include roughly 350 of those people.The company said it…

Sean Gallup | Getty Images News | Getty ImagesPrices for both used and new electric vehicles have dropped substantially from a year ago. But don't rush to buy: Costs are still relatively high."It's not a consumer-friendly market right now," said Joseph Yoon, a consumer insight analyst for car shopping guide Edmunds.Prices for used electric vehicles fell by almost 30% in June, according to a recent study by iSeeCars, which analyzed more than 1.8 million cars from June 2022 to June 2023 to identify which models have the…

General Motors revealed its all-new modular platform and battery system, Ultium, on March 4, 2020 at its Tech Center campus in Warren, Michigan.Photo by Steve Fecht for General MotorsDETROIT – In already-contentious labor talks between the United Auto Workers union and major automakers, there's a wild card issue hanging over the discussions.Multibillion-dollar EV battery plants — and their thousands of expected workers — are crucial to the automotive industry's future and uniquely positioned to have wide-ranging…

UAW President Shawn Fain chairs the 2023 Special Elections Collective Bargaining Convention in Detroit, March 27, 2023.Rebecca Cook | ReutersDETROIT — United Auto Workers President Shawn Fain promised union members he'd do things differently during contract talks with the Detroit automakers this year. Thus far, he has delivered.Fain has propelled the UAW into the national spotlight with politically savvy strategies, resonant social media messaging and confidence that the embattled union can ride a national wave of support…

As the summer hiring market heats up, small and seasonal businesses may find they're missing a key demographic to fill roles – teen workers.Outplacement firm Challenger Gray projected teens will gain 1.1 million jobs in 2023, down slightly from last year's numbers and the lowest forecast since 2011. The group said this spring that teens are once again working at pre-pandemic levels, but cautioned many teens who are willing to take on jobs are likely already in the workforce.The unemployment rate for teens aged 16 to 19…

An aerial view of the engines and fuselage of an unpainted Boeing 737 MAX airplane parked in storage at King County International Airport-Boeing Field in Seattle, Washington, June 1, 2022.Lindsey Wasson | ReutersWorkers at Boeing aircraft parts supplier Spirit Aerosystems approved a new labor deal on Thursday, setting the stage to resume production at a Wichita, Kansas, facility after a work stoppage last week.Spirit Aerosystems, which supplies fuselages for Boeing's best-selling 737 Max aircraft as well as other parts…

A Southwest Airlines Co. plane takes off as representatives and pilots from the Southwest Airlines Pilots' Association (SWAPA) demonstrate outside Chicago Midway International Airport (MDW) in Chicago, Illinois, U.S., on Wednesday, May 18, 2016.Daniel Acker / Bloomberg / Getty ImagesSouthwest Airlines pilots' union said Thursday it sought to be released from federal mediation for a new labor contract, laying the groundwork for a potential strike as talks with the carrier haven't yet yielded an agreement.The airline and…