Two days after another major bank collapse, the Federal Reserve hikes interest rates once again. Senators from both parties will vote on overturning a Biden administration rule on importing solar panels that are made in China—often with forced labor. We hear from Sen. Rick Scott (R-Fla.), who’s leading the effort. A business leader joins us…
Former Brazilian President Jair Bolsonaro Home Raided, Phone Taken
May 3, 2023
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Era of Remote Work Ends for Millions of Americans
Millions of Americans stopped working from home in 2022, according to a Labor Department report released on March 22. The agency said that 72.5 percent of establishments, defined as each business location, reported little to no telework among employees between August and September 2022, a 12.4 percent increase from 2021. Before the pandemic upended the workplace,…
Goldman Economist Says US Layoffs Were Far Higher Than Labor Department Reported
January 19, 2023
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The U.S. Labor Department’s job openings report may have overlooked a recent upturn in layoffs, according to new research from Goldman Sachs. Goldman economist Manuel Abecasis stated in a report that available job openings in the United States have declined by a large margin without a boost to the official unemployment rate. Abecasis says that…
Jobless Claims Rise More Than Expected Due to Losses Incurred by Hurricane Ian
October 13, 2022
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U.S. jobless claims rose more than expected last week, for the highest level of claims since late August, after Florida was hit by Hurricane Ian. The labor market has remained strong overall, and many firms are still hoarding workers even as the economy begins to slow, and many positions remain open. Initial unemployment claims inched…
Biden’s New Gig Worker Rule Could Squeeze Small Businesses, Setting Up a Legal Fight
October 12, 2022
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The Biden administration announced a new rule that would reclassify millions of gig workers across the country as employees, a move that could squeeze small businesses. The Labor Department’s proposal, released on Oct. 11, will make it more difficult for companies to label workers independent contractors, with consequences for ride and delivery services, along with other…
Capitol Report (Aug. 18): Judge May Unseal Parts of Affidavit; Multiple FBI Whistleblowers Come Forward
August 18, 2022
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A hearing takes place in Palm Beach to unseal the affidavit associated with the raid of former President Donald Trump’s Mar-a-Lago estate. Will the judge release it, and how much will be redacted? The government is doubling down on efforts to vaccinate against monkeypox, as the CDC director is now calling for Congress to grant…
Capitol Report (July 8): Biden Issues Executive Order on Abortion; Jan. 6 Detainee Calls in From Jail
July 8, 2022
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Japan’s former Prime Minister Shinzo Abe was shot dead in public. The assassination has shocked the world. Two weeks after the downfall of Roe v. Wade, President Joe Biden signed an executive order on abortion access. What does it do, and how are pro-life organizations reacting to it? According to the latest Labor Department report,…
Capitol Report (April 15): CIA: China is Russia’s Silent Partner
April 15, 2022
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The Labor Department released the latest unemployment data Friday. The Biden administration praised the low unemployment rate and job growth as a sign that the economy is doing well, but is there more to the picture? Tensions escalate after a Russian warship sinks. U.S. officials say the Russian-Ukraine war could last through the end of…
4.5 Million Americans Quit Their Jobs in November, New Data Show
More Americans quit their job in November 2021 than in any month in history, according to data released Tuesday. Some 4.5 million left their jobs in the month, an increase of three percent from the month prior. Resignations jumped the most in accommodation and food services and health care and social assistance industries, according to…
Unemployment Claims Fall to Lowest Level Since Beginning of COVID-19 Pandemic Last Year
Initial jobless claims dropped below 300,000 for the first time since the first part of the COVID-19 pandemic when lockdowns were commonplace, according to a report released by the Labor Department on Thursday. The claims, which analysts often tie to layoffs, decreased to 293,000 last week, as compared with 329,000 a week earlier, the agency…
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