Employers added 201K positions last month | N.Y. bakery benefits from hiring every applicant | Business owner accused of not paying weekly wages arrested
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The economy added 201,000 jobs in August, while the unemployment rate stayed at 3.9%, according to the Bureau of Labor Statistics. Wages climbed an annualized 2.9%.
Greyston Bakery in New York hires anyone on a first-come, first-served basis to help people who usually struggle to secure employment, such as immigrants and former inmates. The open-hiring model, which includes job training and a life-skills course lasting 10 months, has helped double revenue during the past four years, CEO Mike Brady says.
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Companies such as Zappos and Amazon say paying unfulfilled workers to leave fosters employee morale and productivity. Zappos' Graceful Leave Policy gives employees a few months to decide whether the company is a good fit, while Amazon offers a maximum of $5,000 once a year as part of the Pay to Quit program.
Nike's decision to highlight Colin Kaepernick in its 30th anniversary "Just Do It" marketing campaign makes business sense because of the demographics of likely buyers and Nike's ability to profit from Kaepernick's ubiquity, argue Joshua Hunt and Jessica Stillman. Nike also has a history of mishandling labor and social issues, and even now is being criticized for conditions in its overseas factories, notes Brian Boyd of The Irish Times.
Merriam-Webster has added more than 800 words to its online dictionary, including "hophead" to describe beer connoisseurs and "hangry" for hunger-related anger. Many terms relate to the ever-expanding online vernacular, such as "bingeable," "Instagrammable" and "TL,DR," which stands for "too long, didn't read."