U.S. News

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Co-op banks to invest in worker-owned U.S. businesses

The world's largest industrial, worker-owned and run cooperative, Spanish-based Mondragon and its bank, Laboral Kutxa, agreed to partner with U.S. based National Cooperative Bank to invest in U.S. cooperative businesses.

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Detroit bankruptcy coming to your city next, leaders warn

Detroit is the canary in the coalmine, warned speakers at a public forum on the city's bankruptcy, held this past Saturday, sponsored by Congressman John Conyers Jr.

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Elizabeth Warren at AFL-CIO meet: “If we don’t fight, we don’t win”

LOS ANGELES - Sen. Elizabeth Warren, the outspoken Massachusetts Democrat, told delegates at the 2013 AFL-CIO Convention here Sunday that the agenda of the labor movement and its allies has always been and continues to be the agenda of the American people.

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To ease or not to ease, that is Fed's question

The Jackson Hole conference attended by many of the world's top economists, central bankers and policy makers revealed divisions over current Fed stimulus policy.

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Labor Day report: Wages "dead in the water" for a decade

According to a new report, workers' wages "have been dead in the water for a decade," but the trend can be reversed with job-creating investment in infrastructure and education, and a minimum wage raise.

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Unemployment dips, but new jobs likely pay low wages

The U.S. unemployment rate in July was 7.4 percent, the Bureau of Labor Statistics reported, down 0.1 percent from the month before. A separate survey reported businesses claimed to create a net of 162,000 new jobs last month.

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President Obama lays out his vision for the economy

The president framed the economic tasks ahead of the country as one of fixing structural problems that go well beyond the current financial crisis.

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What the June unemployment figures mean for workers

At the current slow rate of economic recovery, it will take until 2020 to close the gap in the labor market, says a top economist.

 

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New Haven creates "jobs pipeline" to fight poverty, unemployment

NEW HAVEN, Conn. - A ribbon-cutting ceremony with Gov. Dannel Malloy and workers who are now employed through the new "jobs pipeline" program, marked the official opening of New Haven Works.

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City Council funds jobs center for Oakland Army Base redevelopment

A major milestone was passed April 16 in the long struggle to win jobs for local workers in redevelopment of the Oakland Army Base.

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