The share of foreign-born workers in the U.S. climbed to a record last year, as workers continue to flock to an attractive U.S. labor market and younger immigrants join the labor force.
In 2016, there were 27 million foreign-born people in the U.S. labor force, accounting for 16.9% of the total. The share was 10.8% in 1996, according to Labor Department data tracking back two decades.
The pace of hiring picked up again in April and the unemployment rate fell to the lowest level in nearly a decade, evidence the U.S. economy is poised for a spring rebound after a lackluster start to the year.
American retailers are closing stores at a record pace this year as they feel the fallout from decades of overbuilding and the rise of online shopping. Based on the pace so far, the brokerage estimates retailers will close more than 8,600 locations this year, which would eclipse the number of closings during the 2008 recession.
In a last-ditch effort to survive, bankrupt U.S. solar panel maker Suniva Inc. asked the Trump administration Wednesday to impose trade tariffs on all foreign-made solar cells.
Cities and counties from Portland, Maine, to Los Angeles have successfully passed local minimum-wage increases, but recent resistance in seemingly friendly territory suggests a momentum shift. . . Lawmakers in several other states also are pushing back against local minimum-wage increases. At least four municipalities in Cook County, Ill., have opted out of the county government’s move to raise the minimum wage in the Chicago suburbs to $13 an hour by 2020. Iowa Gov. Terry Branstad, a Republican, approved legislation in March to roll back higher minimum wages already approved in four counties. In Flagstaff, Ariz., council members just amended a minimum-wage increase approved by voters in November to slow the pace of increases.