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Labor Cost Growth Hits Three-Year Low

Allwork

labor costs recorded their smallest increase in more than three years in the third quarter amid cooling wage growth, indicating that inflation was firmly on a downward trend. The employment cost index (ECI), the broadest measure of labor costs, rose 0.8% Labor costs gained 3.9% increase in the second quarter.

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U.S. Productivity Up 2.2% In Q3 As Labor Costs Rise

Allwork

worker productivity increased moderately in the third quarter, resulting in only a gradual slowdown in labor costs that could cast a cloud over the inflation outlook. Unit labor costs — the price of labor per single unit of output — rose at a 1.9% Labor costs increased at a 3.4% rate in the July-September quarter.

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Boeing Workers Reject Contract Offer, Prolonging Costly Strike

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(Reporting by Dan Catchpole in Seattle; Additional reporting by Allison Lampert in Montreal, David Shepardson in Washington and Tim Hepher in Paris; writing by Joe Brock and Peter Henderson; editing by Jamie Freed and Jason Neely) The post Boeing Workers Reject Contract Offer, Prolonging Costly Strike appeared first on Allwork.Space.

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Shanghai Landlords Offer To Pay Fit Out Costs to Attract Tenants

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A report by South China Morning Post reveals landlords are now covering fit out costs, filling offices with free desks, chairs and other furniture to entice tenants to sign leases. The rising vacancy rates give tenants increased bargaining power, leading landlords to find innovative solutions to maintain their occupancy rates.

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Best Practices to Streamline Compensation Management: A Foundation for Growth

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Boeing Strike Enters Fourth Week As Talks Fail, Costing Company $1 Billion Monthly

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The strike would cost Boeing over $1 billion a month, S&P Global Ratings estimated, while warning of a downgrade of its debt to junk territory. By Shivani Tanna and David Shepardson) The post Boeing Strike Enters Fourth Week As Talks Fail, Costing Company $1 Billion Monthly appeared first on Allwork.Space.

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Boeing Shares Up 4% On Strike Deal Hopes Despite Steep Costs

Allwork

J.P.Morgan’s Seth Seifman estimated the wage hikes might increase Boeing’s costs by more than $1 billion, while Jefferies analyst Sheila Kahyaoglu expects wage-related expenses at about $1.3

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