Hefei has led the country in making electric vehicles and other tech products, but it still has not escaped a nationwide housing crisis.
Category: Labor and Jobs
Economists Predicted a Recession. So Far They’ve Been Wrong.
A widely predicted recession never showed up. Now, economists are assessing what the unexpected resilience tells us about the future.
The U.S. Seems to Be Dodging a Recession. What Could Go Wrong?
Economists have become increasingly optimistic about the odds of a soft landing. But as 2024 begins to unfold, risks remain.
SpaceX Illegally Fired Workers Critical of Musk, NLRB Says
The National Labor Relations Board said the rocket company had wrongly dismissed eight people for a letter raising concerns about the chief executive.
Philippine Poverty and Farm-Based Economy Have Roots in Colonial Era
Decades after independence, the Philippines lacks the kind of factory economy that has lifted up other Asian nations, tying millions to farm work.
Tesla Strike in Sweden Highlights a Culture Clash
Workers seeking a collective agreement from the automaker say they are pushing for their rights, but car owners see them as taking the fight too far.
The ‘2024 Problem’: Japan Grapples With a Shortage of Truck Drivers
The country is moving to curb the industry’s punishing work hours. But that could leave a shortfall that disrupts Japan’s entire logistics system.
Is Jerome Powell’s Fed Pulling Off a Soft Landing?
It’s too soon to declare victory, but the economic outlook seems sunnier than it did a year ago, and many economists are predicting a surprising win.
U.S. Job Growth Holds Up as Economy Gradually Cools
Interest rate increases have taken the edge off labor demand, but unemployment dipped in November, and wages rose more than expected.
U.A.W. Announces Drive to Organize Nonunion Plants
The United Automobile Workers’ effort, with a long-elusive goal, follows its success in securing big raises in contracts with the Detroit automakers.