Business - Page 29

How America’s Workforce Has Changed Over 40 Years

By Alicia Wallace, America’s workforce is considerably older and more diverse than it was 40-some years ago. Federal labor economists recently analyzed federal labor data to see just how much the nation’s labor force has changed in recent decades, according to a Sept. 1 blog post on the US Bureau of Labor Statistics site. In examining the Consumer Population Survey data, the economists looked “peak to peak,” zeroing in on 1979 and 2019 — two high points of employment and economic activity. Here’s a quick look at how the American labor force has changed and some of the reasons behind the

Millions Lose Pandemic Unemployment Aid as Benefits Expire

By Tami Luhby April Stokes wants to go back to work. An optician by trade, Stokes was employed at Henry Ford OptimEyes until the coronavirus struck and school closed for her two young children. The family has been able to ride out the pandemic thanks to expanded federal unemployment benefits, which provided them with $1,152 every two weeks — much less than Stokes was making before, but enough to survive. Now, however, that vital lifeline has ended. Stokes isn’t worried about her ability to find a new job, but finding one that can accommodate her children’s schedules will be “next to impossible,”

US Jobs Report Faces Uncertainty Amid Delta Variant Surge

By Anneken Tappe, The US jobs recovery is about to get a reality check. It was a strong summer, with nearly 2.5 million jobs added back between May and July even as the Delta variant started to increase Covid-19 infections — but economists are now growing cautious that August may not have been as strong. Economists polled by Refinitiv still predict 728,000 jobs were added last month. But that forecast was revised down from 750,000 early Wednesday after a disappointing reading from ADP Employment Reports, which looks at private sector payrolls. It was the second time in a row that the ADP report was significantly below expectations: 374,000 jobs were added in August,

E4 Launches Girls in STEM Program to Empower Young Women

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  By Simon Osuji   E4, a fintech specialist, has launched a Girls in STEM program to help girls in underserved areas pursue careers in science, technology, engineering, and mathematics (STEM) after high school. The program aims to bring much-needed resources to society’s most vulnerable and marginalized group – young, previously disadvantaged females – in line with e4’s commitment to improving the living standards of previously marginalized communities and upskilling South Africa’s youth for the digital age. Ntombi Mphokane, e4’s HR and Transformation Executive, is passionate about encouraging women to pursue careers in technology. “With the rise of technology in

Fortnite’s Virtual MLK Speech Boosts Metaverse Experience

By Rishi Iyengar Fortnite users have long had concerts to attend and movies to watch as they wander around the video game through their virtual avatars. Now, they have yet another option: reliving Martin Luther King Jr.’s iconic “I Have a Dream” speech. The new virtual experience, which launched Thursday, is called “March Through Time” and is a collaboration between Fortnite and TIME Studios, the film and television division of Time magazine. It recreates the Lincoln Memorial and National Mall where King gave his famous speech in 1963, in a virtual world that Fortnite maker Epic Games describes as a “reimagined Washigton,

ESPN Removes Rachel Nichols, Cancels NBA Show “The Jump”

By Frank Pallotta Rachel Nichols — ESPN’s longtime NBA host — has been removed from coverage of the sport, and her weekday show “The Jump” has been canceled, the network confirmed Wednesday. David Roberts, ESPN’s senior vice president of production, said in a statement to CNN Business that the sides “mutually agreed that this approach regarding our NBA coverage was best for all concerned.” “Rachel is an excellent reporter, host and journalist, and we thank her for her many contributions to our NBA content,” he added. Sports Business Journal was the first to report the news. The news regarding Nichols is notable

Rachel Maddow Signs New NBCUniversal Deal, Expands Role

By Brian Stelter Rachel Maddow is staying at MSNBC — but not in the same role she has held for the past thirteen years. Maddow has signed a new multi-year deal with MSNBC’s parent NBCUniversal, as Insider’s Claire Atkinson first reported on Sunday. Mark Shapiro of Endeavor, the talent agency that repped Maddow in the negotiation, told Atkinson that Maddow “is staying home where she belongs with a much broader deal at NBCUniversal and couldn’t be happier.” The agreement means that she will continue to host “The Rachel Maddow Show” weeknights at 9pm ET for the time being. But that’s not the

Ex-Workers Sue Kraft Heinz for $30M Over Racist Harassment

By Chauncey Alcorn A trio of Black former Kraft Heinz factory workers are suing the company for $30 million over what they claim was routine racist harassment from former co-workers and supervisors. The plaintiffs claim their former coworkers left notes in their lockers calling them the N-word and once threatened to kill them if they didn’t quit their jobs. Attorneys working for former Kraft Heinz employees Alex Horn, Lance Aytman, and Keith Hooker filed their lawsuit in the US Eastern District Court of California on Thursday. The complaint alleges the three men were subjected to “a pattern of harassing and discriminatory behavior

Global Supply Chain Crisis Threatens Holiday Shopping 2021

By Hanna Ziady The vast network of ports, container vessels and trucking companies that moves goods around the world is badly tangled, and the cost of shipping is skyrocketing. That’s troubling news for retailers and holiday shoppers. More than 18 months into the pandemic, the disruption to global supply chains is getting worse, spurring shortages of consumer products and making it more expensive for companies to ship goods where they’re needed. Unresolved snags, and the emergence of new problems including the Delta variant, mean shoppers are likely to face higher prices and fewer choices this holiday season. Companies such as Adidas, Crocs and Hasbro are already warning

FAA Issues $531K in Fines for Unruly Airline Passengers

By Pete Muntean and Gregory Wallace, Federal authorities are proposing more than a half-million dollars in new fines against commercial airline passengers they say refused to wear masks, hit flight attendants and even threw luggage across the cabin. The Federal Aviation Administration’s announcement Thursday of $531,545 in fines against 34 passengers accused of being unruly on board is the single largest announcement of federal fines since the start of a nationwide crackdown earlier this year, bringing this year’s total to more than $1 million. Of the incidents detailed by federal investigators for the first time, nearly two-thirds involve passengers accused of

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