Category: Paychecks & Work
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Campbell’s cut its dividend 36 percent and is closing plants
The Campbell’s Company told investors this week that it is cutting its quarterly dividend by more than a third and pushing ahead with plant closures as part of a new, multiyear savings plan. Camden, New Jersey-based Campbell’s, in business for more than 150 years, has products in millions of pantries, including soup, Goldfish crackers and…
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Uber is cutting about 10 percent of its staff and ending remote work for all but 1 percent
Uber told its employees this week that roughly one in ten jobs at the company is being eliminated, and that almost everyone still on staff who currently works from home will be expected to move into an office. The announcement, posted under CEO Dara Khosrowshahi’s name on September 2, is aimed at flattening Uber’s management…
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Job openings held at 7.3 million, and June was revised down 177,000
The number of available jobs across the country held essentially steady in July, but the headline number hides a messier story underneath. The Bureau of Labor Statistics reported that openings stayed at roughly 7.3 million even as it quietly revised the June count down by 177,000 — a reminder that the first read on the…
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July’s job losses were erased in revision, turning a 23,000 drop into a 21,000 gain
When the Bureau of Labor Statistics reported in early August that the economy had lost 23,000 jobs in July, it looked like the first genuinely soft month of 2026 — a sign that higher borrowing costs and slower business spending were finally showing up in hiring. On September 4, the agency’s August jobs report quietly…
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Employers added 162,000 jobs in August, five times the prior year’s average
Employers added 162,000 jobs to nonfarm payrolls in August, the U.S. Bureau of Labor Statistics reported Friday, a pace more than five times the 31,000-job average monthly gain recorded over the prior twelve months. The unemployment rate held steady at 4.1 percent, and hourly pay kept climbing, though not quite fast enough to outrun the…
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Corporate profits per unit rose at a 43 percent annual rate last quarter while real hourly pay fell 3.3 percent
The federal government’s latest look at how the economy split its gains between businesses and workers shows a lopsided quarter. Nonfinancial corporations booked a sharp jump in profit earned per unit sold this spring, even as the typical worker’s paycheck lost buying power once inflation is factored in. For a household budgeting around a fixed…
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Federal layoff rules changed Wednesday, and a performance rating now outranks decades of seniority
A federal employee who has spent thirty years earning step increases and finishing one four-year assignment after another no longer gets that cushion if an agency has to cut staff. Starting this past Wednesday, September 2, the Office of Personnel Management requires agencies to rank employees for a reduction in force mainly by a numeric…
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A proposed rule would let 2 million federal workers file discrimination complaints directly
The federal government’s in-house discrimination watchdog wants to tear up the rulebook it has used for years to process complaints from its own workforce. On August 26, 2026, the U.S. Equal Employment Opportunity Commission voted to issue a proposed rule rewriting how federal employees and job applicants report workplace discrimination, and the change would eventually…
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Employer health costs rose 6 percent over the year while private wages rose 3.1 percent
Employer-provided health benefits got 6.0 percent more expensive for private-sector businesses over the year ending in June 2026, while the wages those same employers paid workers climbed just 3.1 percent, according to new federal data. For a household counting on a raise to keep pace with the cost of living, the gap matters: the fastest-growing…
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Pearson will pay $150,000 after blind employees could not read their own benefits records
Pearson Education has agreed to pay $150,000 to close out a federal disability-discrimination case built around a simple complaint: employees who are blind or have low vision said they could not get into the same online systems everyone else used to check benefits, leave balances and required training. The settlement, announced by the U.S. Equal…