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Behind the scenes at Best Buy’s Black Friday dress rehearsal

Labor and Economic News - Mon, 11/24/2014 - 11:51
Behind the scenes at Best Buy’s Black Friday dress rehearsal
Rob Delissio, general manager of the Best Buy in Alexandria, goes over Black Friday sales strategy with employees.An inside look at the excruciating detail that goes into keeping shoppers moving and keeping them happy on one of the busiest shopping days of the year.
Categories: Union News

Falling Wages at Factories Squeeze the Middle Class

Labor and Economic News - Mon, 11/24/2014 - 11:46
Falling Wages at Factories Squeeze the Middle ClassDarrell Eberhardt, 49, an assembly line worker in Ohio, has seen his wages drop from $18.50 an hour to $10.50 an hour. A new study from the National Employment Law Project shows that real wages for manufacturing workers declined three times as much as for workers as a whole.
Categories: Union News

Getting more realistic on L.A. pension returns

Labor and Economic News - Mon, 11/24/2014 - 11:43
Getting more realistic on L.A. pension returns
In the last year, all three of Los Angeles' public employee pension funds have recalculated their too-rosy estimates of how much they will earn in the years ahead. Those lowered earning forecasts may cost the city in the short term — if it has to deposit more money into the funds now rather than counting on the market to earn the money later. But over the long term, the more conservative assumptions will help ensure that there is enough money to cover the city's pension promises.
Categories: Union News

Major Economic Indicators Latest Numbers

Money Headlines - Fri, 11/21/2014 - 07:35

Consumer Price Index (CPI):
unchanged in Oct 2014
News Release
Historical Data

Unemployment Rate:
5.8% in Oct 2014
News Release
Historical Data

Payroll Employment:
+214,000(p) in Oct 2014
News Release
Historical Data

Average Hourly Earnings:
+$0.03(p) in Oct 2014
News Release
Historical Data

Producer Price Index - Final Demand:
+0.2%(p) in Oct 2014
News Release
Historical Data

Employment Cost Index (ECI):
+0.7% in 3rd Qtr of 2014
News Release
Historical Data

Productivity:
+2.0% in 3rd Qtr of 2014
News Release
Historical Data

U.S. Import Price Index:
-1.3% in Oct 2014
News Release
Historical Data

U.S. Export Price Index:
-1.0% in Oct 2014
News Release
Historical Data

p- preliminary

Categories: Union News

Restaurants are feeling the heat in crackdown on wage theft

Labor and Economic News - Wed, 11/19/2014 - 09:31
Restaurants are feeling the heat in crackdown on wage theft
Precise data on the extent of wage theft are hard to come by. But an often-cited 2009 report by the National Employment Law Project estimated that 1 in 4 low-wage workers surveyed in Los Angeles, Chicago and New York were not receiving the minimum wage, and 75% were not getting overtime pay that they were owed.
Categories: Union News