Unions clash to represent striking AK Steel workers in Middletown
Two international unions vie to represent 2300 hourly workers locked out at AK Steel Middletown Works for nearly four months. The Armco Employees Independent Federation backs the International Association of Machinists and Aerospace Workers citing a strong pension and clout to settle the contract dispute. Steelworkers argue for influence and oppose IAM involvement while labor officials note mixed signals from the company and NLRB processes.
MENTIONED IN THIS ARTICLE
Middletown
AK Steel
Armco
Independent Federation
AEIF
Brian Daley
Daley
International Association of Machinists and Aerospace Workers
United Steelworkers of America
Ers
National Relations Board
Labor UK
Alan McCoy
Mainte AK
Domenico DiCeglia
Housing construction posts a temporary rebound amid rate concerns
Builders started at a seasonally adjusted annual rate of 1.957 million units in May, up 5 percent from April but analysts warn of a further slowdown as mortgage rates rise. Permits fell 2.1 percent to 1.932 million, while builder confidence hit an 11-year low on rising rates and marketoriented investor selling fears.
MENTIONED IN THIS ARTICLE
Commerce Department
David Wyss
Standard & Poor’s
New York
Ohio unemployment dips to 5.3 percent in May
Ohio's May unemployment rate falls to 5.3 percent from 5.5 percent in April as the state economy shows modest gains. The report highlights jobless totals and labor market trends across Ohio, with emphasis on persistence of tight hiring conditions.
MENTIONED IN THIS ARTICLE
Columbus
Ohio
Smucker Posts 62 Percent Fourth Quarter Profit Rise
J M Smucker Co, the leading U S jelly and jam maker, reports fourth quarter profit up 62 percent as sales grow and margins improve. The firm cited strong demand and price realization contributing to gains.
MENTIONED IN THIS ARTICLE
Smucker
Oarville
J.M. Smucker Co
U.S
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