labor Archives

Armani, Dior face Italian antitrust probes on labor practices

July 17, 2024 mpsingh No Comments Beauty antitrust, Armani, Dior, face, Italian, labor, practices, probes

By Bloomberg Published Jul 17, 2024 Italy’s Competition Authority opened an investigation into some companies controlled by luxury fashion groups Giorgio Armani SpA and LVMH’s Christian Dior over alleged unfair commercial practices. Emporio Armani – SS25 – Italy – Milan – ©Launchmetrics/spotlight The antitrust regulator said that the two brands may have used supplies from [...]read moreArmani, Dior face Italian antitrust probes on labor practices

Originations forecast through 2026 ‘dampened’ by inflation, GDP and labor market growth

June 13, 2024 mpsingh No Comments Real estate dampened, Fannie Mae, forecast, GDP, growth, iEmergent, inflation, labor, Market, Mortgage Bankers Association, mortgage origination, originations

Persistent economic trends that include inflation, a strong labor market and real gross domestic product (GDP) growth will continue to “dampen” mortgage origination activity through at least the end of 2026, according to the newest U.S. mortgage originations outlook from financial services forecasting and advisory company iEmergent. Based on 2023 Home Mortgage Disclosure Act (HMDA) [...]read moreOriginations forecast through 2026 ‘dampened’ by inflation, GDP and labor market growth

Mortgage rates trend down as the labor market loosens

May 29, 2024 mpsingh No Comments Real estate Jobs Report, labor, loosens, Market, Mortgage, Mortgage Rates Center, rates, trend

Mortgage rates kept sliding toward 7% as HousingWire’s Mortgage Rates Center showed the average 30-year fixed rate for conforming loans at 7.25% on Tuesday, below the rate of 7.34% one week ago. At the same time one year ago, the average 30-year conforming rate was 6.8%. Meanwhile, the 15-year conforming fixed rate averaged 6.77% on [...]read moreMortgage rates trend down as the labor market loosens

What the new home sales report shows about labor market risk

May 24, 2024 mpsingh No Comments Real estate Federal Reserve, Home, HWmember, labor, Market, New Home Sales, report, Risk, sales, Shows

When single-family permit demand collapsed in 2022, we still had a healthy backlog of homes that needed to be finished. While that was happening, we also had 5-unit permits expand as well. Well, that isn’t the case anymore, as 5-unit permits are already at COVID-19 recession lows and now we have seen some softness in [...]read moreWhat the new home sales report shows about labor market risk

Mortgage rates ease as the labor market cools

May 7, 2024 mpsingh No Comments Real estate Altos Research, cools, Ease, Jobs Report, labor, Market, Mortgage, Mortgage Rates Center, rates

Mortgage rates eased slightly last week after a cooler-than-expected jobs report. Additionally, the 10-year Treasury yield fell after Friday’s jobs report. HousingWire’s Mortgage Rates Center showed the average 30-year fixed rate for conventional loans at 7.51% on Tuesday, slightly below the rate of 7.57% one week ago. At the same time one year ago, the [...]read moreMortgage rates ease as the labor market cools

Labor market report is good news for mortgage rates

May 4, 2024 mpsingh No Comments Real estate Federal Reserve, good, HWmember, Jobs Report, labor, Market, Mortgage, News, rates, report

So where does this leave us? Let’s look at my labor economic model that started on April 7, 2020, and see where are we today. 1. The current state of the labor market results from a series of events, with COVID-19 being a significant catalyst. I wrote the COVID-19 recovery model on April 7, 2020, [...]read moreLabor market report is good news for mortgage rates

NLRB: Amazon CEO’s anti-union comments violated labor laws

May 3, 2024 mpsingh No Comments Technology Amazon, AntiUnion, CEOs, Comments, labor, Laws, NLRB, Violated

Amazon CEO Andy Jassy violated labor laws when making “coercive statements” about unions during interviews conducted in 2022, a judge for the National Labor Relations Board ruled on Wednesday. “What we tell our employees in our fulfillment centers is that we think they’re better off without a union for a few reasons,” Jassy said at [...]read moreNLRB: Amazon CEO’s anti-union comments violated labor laws

Most Of Alabama Wants Unions

Image: Mercedes-Benz The American South is deeply conservative and has held an anti-union stance since the Confederates. If unionizing trends keep going in this direction, however, that may no longer be the case. Some 5,200 Mercedes-Benz factory workers in Vance will cast their ballot on the issue of unionizing next [...]read moreMost Of Alabama Wants Unions

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Screenshot: Payday Report/YouTube Workers at Volkswagen’s Chattanooga, Tennessee plant recently voted to join the United Auto Workers union, making it the first factory outside the Big Three to unionize. It’s a huge win for the employees who work there but also for labor rights in general. After all, it wasn’t [...]read mores

Here’s How Much Severance Laid Off Tesla Workers Are Getting

Tesla cut 10 percent of its workforce a few weeks ago, and now we’re getting a better look at what sort of severance package its recently laid-off workers are getting. CEO Elon Musk sent an email to impacted employees late at night on April 14 letting them know they were immediately terminated and cut out [...]read moreHere’s How Much Severance Laid Off Tesla Workers Are Getting