Unions representing state and local government employees have long been able to protect benefits that are the envy of private-sector workers. With the economy in trouble, though, public employee unions are suddenly losing a lot of battles. read more

Goldman is shutting a group that makes bets with the firm’s own capital, to comply with new U.S. rules, two people with knowledge of the decision said

Since reaching a low last December, US private-sector employment has grown by 763,000 jobs, the Labor Department reported Friday. But some states are better at creating new jobs than others. For example: While California has created lots of jobs, its performance relative to its size is only middling. Here are the Top 5 job-creating states when their size is taken into account (click on the right ...

Twenty-three flood-related projects across Iowa are now in the running for $30 million from I-JOBS. The I-JOBS review committee ranked the top projects for that funding Thursday. Cedar Rapids is in line for the largest grant. It would go for a new Central Fire Station along First Avenue East that would replace the one the flood [...]

A much better-than-expected US employment report drove European stock markets higher yesterday as the figures eased investor concerns over the strength of the US recovery, dealers said.

WASHINGTON (AP)– Private employers hired more workers over the past three months than first thought, a glimmer of hope for the weak economy ahead of the Labor Day weekend. But the unemployment rate...

Oregon workers don’t have much to celebrate this Labor Day weekend, according to a report   issued today by the Oregon Center for Public Policy. “Not surprisingly, for most Oregon workers the state of affairs is a tough one,” the report says. “In particular: The wages of a typical Oregon worker last year were lower than in 1979 when adjusted for inflation. Income inequality — the ...

Stocks gain for fourth straight day; Dow, S&P notch first positive week since early August

US employment fell for a third straight month in August, but the drop was far less than expected and private hiring surprised on the upside, easing pressure on the Federal Reserve to prop up economic growth.