Economy

Follow coverage of the U.S. and global economy, jobs and unemployment; banking; interest rates and other decisions by the Federal Reserve (Fed) and Chairwoman Janet Yellen; and economic indicators such as the gross domestic product (GDP), factory orders and durable goods. Other topics include the federal budget deficit and national debt, and local economic columnist Jon Talton.


Loss of union muscle widens nation’s income gap

Boeing Company aero-machinist vote was held on April 6, 1963. (Paul Thomas / The Seattle Times) 

UNION AND BOEING RESUME MEETINGS:

The nation’s top mediators opened down-to-the-wire conciliation meetings this afternoon, April 6, 1963, in Washington, D.C., between the Boeing Co.

Without a strong union movement in the private sector, a critical balance in the market has been lost. No wonder labor’s share of national income has fallen to lows not seen since statistics began being kept in the late 1940s.

More Headlines

HOLD FOR USE TUESDAY MAY 3 WITH STORY WITH BRADY MCCOMBS STORY     FILE – In this Jan. (AP Photo/J. Scott Applewhite, File)

Cascadia tech gathering snubs Portland

Last week at the Oracle World Conference the founder of Oracle challenged Amazon’s lead in cloud computing; Theo Chocolate offers a more healthful chocolate snack.