Millions are sitting out the job market recovery while caring for relatives, searching for affordable child care, reassessing their careers or shifting their work-life priorities.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Maine
How will the vaccine mandate affect Bath shipyard workers?
Although shipbuilders at Bath Iron Works now have until early January to get vaccinated, the company hasn’t said how many workers might quit over the requirement.
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Posted inBusiness, Nation & World, News
U.S. to require COVID-19 vaccines or tests for big companies’ employees by Jan. 4
The Occupational Safety and Health Administration says those that fail to comply could face penalties of nearly $14,000 per violation.
Posted inBusiness, Nation & World, News
Unemployment claims drop to 269,000, another pandemic low
The U.S. economy has recovered 17 million of the jobs lost to the coronavirus pandemic.
Posted inBusiness, Nation & World
Clogged ports hold up shipments from California farmers
They say they are having trouble exporting their crops because of delays in the global supply chain.
Posted inBusiness, Nation & World
Facebook removes Ethiopian prime minister’s post for inciting violence
Abiy Ahmed urged citizens to rise up and ‘bury’ the rival Tigray forces who now threaten the capital.
Posted inBusiness, Nation & World
France frees U.K. trawler caught up in English Channel fishing dispute
London and Paris have traded threats and allegations for weeks over French demands for licenses to fish in U.K. waters.
Posted inBusiness, Nation & World
Stocks rise after Fed says it will dial back aid for economy
The S&P 500 rose 0.6% and the Dow Jones Industrial Average added 0.3%, both marking their fifth straight gain.
Posted inBusiness, Nation & World, News
Federal Reserve to begin slowing economic aid as inflation worries rise
The announcement comes against a backdrop of surging prices across the economy – in food, rent, heating oil, autos and other necessities – that have imposed a burden on households.
Posted inBusiness, News
Central Maine business briefs: Kennebec Savings Bank receives national service award
People & Places: Community Bankers of America, an industry group, honors KSB