News

Labor and Employment

AP News | Equities.com |

The number of Americans seeking unemployment benefits fell sharply last week but remained high by historical standards.

Applications for benefits declined 111,000 from the previous week to a seasonally adjusted 730,000, the Labor Department said Thursday. It is the lowest figure since late November. Still, before the virus erupted in the United States last March, weekly applications for unemployment benefits had never topped 700,000, even during the Great Recession of 2008-2009.


Kimberly Redmond | Equities.com |

Publix Super Markets is the latest major company to offer incentives as a way to encourage its workforce to get vaccinated against COVID-19.

On Friday, the Florida-based supermarket chain said it would give a $125 Publix gift card to each of its current 225,000 employees who submit an internal form and proof of vaccination.

In a press release, Publix’s chief executive officer Todd Jones said, “We care about our associates and customers and believe gett...


Kimberly Redmond | Equities.com |

Twitter Inc (Nasdaq: TWTR) committed to increasing the number of women and minorities in leadership roles within the next five years as part of an effort to promote greater diversity within its ranks.

The social media company announced Thursday it taking the 25 x 25 pledge, a new initiative by the Silicon Valley Leadership Group that challenges San Francisco Bay area companies to raise the number of underrepresented groups in leadership roles to at least 25% by 2025.


Kimberly Redmond | Equities.com |

Walmart Inc plans to raise pay for about 425,000 employees to at least $13 per hour, lifting the average wage across the country’s largest retail chain to over $15 per hour.

Starting March 13, workers in stocking and digital positions will receive a starting rate of $13 to $19 an hour, based on the store’s location and market, the big box retailer announced Thursday.


Reuters | Equities.com |

A group of Uber drivers are entitled to worker rights such as the minimum wage, Britain’s Supreme Court ruled on Friday in a blow to the ride-hailing service that has ramifications for millions of others in the gig economy.

In a case led by two former Uber drivers, a London employment tribunal ruled in 2016 that they were due entitlements that also included paid holidays and rest breaks.


AP News | Equities.com |

The number of Americans applying for unemployment aid rose last week to 861,000, evidence that layoffs remain painfully high despite a steady drop in the number of confirmed viral infections.

Applications from laid-off workers rose 13,000 from the previous week, which was revised sharply higher, the Labor Department said Thursday. Before the virus erupted in the United States last March, weekly applications for unemployment benefits had never topped 700,000, even during the Great Recession of 2008-2009.


AP News | Equities.com |

The second Jennifer Bates walks away from her post at the Amazon warehouse where she works, the clock starts ticking.

She has precisely 30 minutes to get to the cafeteria and back for her lunch break. That means traversing a warehouse the size of 14 football fields, which eats up precious time. She avoids bringing food from home because warming it up in the microwave would cost her even more minutes. Instead she opts for $4 cold sandwiches from the vending machine and hurries back to her post.

If she makes it, she’s lucky. If she doesn’t, Amazon could cut her pay, or worse, fire her.


AP News | Equities.com |

The number of Americans seeking unemployment benefits fell slightly last week to 793,000, evidence that job cuts remain high despite a substantial decline in new confirmed viral infections.

Last week’s total declined from 812,000 the previous week, the Labor Department said Thursday. That figure was revised higher from the previously reported 779,000. The numbers point to a still-elevated number of layoffs. Before the virus erupted in the United States in March, weekly applications for jobless aid had never topped 700,000, even during the Great Recession.


Reuters | Equities.com |

Eli Lilly and Co said on Tuesday Chief Financial Officer Josh Smiley resigned after an independent investigation found inappropriate personal communication with some Lilly employees.

Lilly said it was recently made aware of allegations of an inappropriate personal relationship between Smiley and an employee, and the company immediately hired external counsel to conduct an independent probe.

The investigation revealed consensual though inappropriate personal communications between Smiley and certain Lilly employees, and behavior that Lilly leadership thought exhibited poor judgment by Smiley, the company said.


Kimberly Redmond | Equities.com |

McDonald’s Corp (NYSE: MCD) announced plans to give corporate and company-store workers up to four hours of paid time off to get vaccinated against COVID-19.

On Tuesday, the fast-food giant said it will not require employees to receive the vaccination but will connect them to third-party experts who can answer questions about the shots.