The US Labor Department scraps plans to update apprenticeship rules
What happened
The US Labor Department has withdrawn its proposal to update federal apprenticeship regulations. This means the rules for how companies train skilled workers will remain unchanged for now.
Why it matters
The Labor Department spent years trying to update the rules for apprenticeships, which haven't seen a major overhaul in decades. This withdrawal means that effort is now dead. Companies and unions that wanted more flexibility in how they structure training programs will not get it.
The signal
Watch for any new proposals from the Labor Department in the next 12-18 months, or if Congress tries to pass new apprenticeship legislation.