"UPS Labor Dispute: Impending Strike Puts Labor Market to the Test"

The threat of a strike from 340,000 United Parcel Service (UPS) workers is testing the strength of the labor market and the power of unions. While the labor market is still tight, recent data shows some softening, with job creation coming in below expectations. The International Brotherhood of Teamsters is pressing UPS for higher wages and benefits, and workers have authorized a strike to begin on August 1 if no deal is reached. This strike threat comes amidst a new wave of union activism that has emerged during the pandemic. The Biden administration has chosen not to intervene in the UPS talks, and the outcome of this strike could provide insight into the future of unions and employers.