Unemployment dropped by 0.3 percentage points, to 4.6 percent, last month — the lowest rate since 2007 — according to the monthly jobs report from the Bureau of Labor Statistics.As NPR's Marilyn Geewax notes, 4.6 percent unemployment is what most economists consider "full employment" (although employment varies by region and demographic, so the fruits of full employment aren't shared by all).The report wasn't all good news: Wages dropped slightly in November, instead of showing a hoped-for...
Danbury-based FuelCell Energy, Inc., announced Thursday it will cut nearly 100 jobs, news which comes on the heels of a decision by the state to pass over several clean energy proposals submitted by the company.
With just over a week before it was scheduled to take effect, a federal judge has blocked the implementation of an Obama administration rule that would have extended overtime eligibility to some 4 million Americans.The Labor Department's sweeping overhaul to the overtime rule required employers to pay time-and-a-half to their employees who worked more than 40 hours in a given week and earned less than $47,476 a year.That salary threshold is about twice what currently allows workers to be...
More News: Politics
Stephen Moore, a senior economic adviser to Donald Trump, was once a doctrinaire libertarian and free-trader. Now, Moore says: "Donald Trump's victory has changed the [Republican] Party into a more populist working-class party in some ways that conservatives like myself will like and some that we'll be uncomfortable with."Moore recently told House Republicans that the Republican Party under Trump is no longer the Republican Party of Ronald Reagan. In an interview with NPR's Steve Inskeep,...
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Clearing Connecticut highways of snow and ice will be quicker and more efficient this winter, thanks to a fleet of innovative new snow plows. The new plow is towed in the rear of a plow truck, which swings out mechanically, essentially doubling the plowing capability of a regular plow to two full highway lanes in a single pass.