unit labor costs

A Small Step Forward for Initial Jobless Claims

With the latest weekly initial jobless claims declining 6,000 to 472,000, the U.S. labor market has eked out some modest improvement. Still, jobless claims need to drop below 400,000 during the next two quarters to show broad economic gains.

Is Hiring New Workers Really
Too Expensive?

Businesses large and small have complained for years about the cost of doing business. And it's not unusual for them to use the cost of hiring moderate-income workers to illustrate their points. Here's what they fail to mention.