The portion of US economic output that goes to workers in the form of wages and salaries plunged to the lowest level on record in the third quarter of last year, data from the Bureau of Labor Statistics show.

The Labor Department’s shutdown-delayed report shows third quarter productivity grew at the fastest pace in two years — a 4.9% annualized gain.

Forecasters believe U.S. employment numbers expanded modestly in December, extending a streak of labor market weakness that has prompted the Federal Reserve to cut interest rates several times.

The current labor market appears strong on the surface, but there are big problems lurking underneath. Unemployment is still low at 4.2%, wage growth is steady, and the U.S. added a relatively healthy 139,000 roles in May according to the recent jobs ...

Experts forecast the k-shaped economy will persist in 2026, with wealthier Americans driving growth while others face inflation and slower wage gains.

From stubbornly high living costs to a softer labor market, economists say these are the forces that will shape the year ahead.

Current political and economic issues succinctly explained. Immigration has historically driven U.S. growth and filled labor shortages in various sectors, but it has also remained one of the most politically divisive issues. In the modern era, successive ...

The labor landscape in Virginia is heating up ahead of the upcoming General Assembly session. Lawmakers are signaling that labor policy may become a major flashpoint, with proposals to repeal the Commonwealth’s Right-to-Work law rising to the top of the agenda.

With payroll employments coming in below expectations but the unemployment rate dipping slightly relative to November, the December jobs report does not provide a decisive steer about the state of the US economy,