Tag Archives: Labor Department

CNBC reports: Inflation rose again in February, keeping the Federal Reserve on course to wait at least until the summer before starting to lower interest rates. The consumer price index, a broad measure of goods and services costs, increased 0.4% for the month and 3.2% from a year ago, the Labor Department’s Bureau of Labor Statistics reported Tuesday. The monthly …

CNBC reports: Job creation topped expectations in February and pointed to a still-vibrant U.S. labor market, even though the unemployment rate moved higher Nonfarm payrolls increased by 275,000 for the month while the jobless rate moved higher to 3.9%. Economists surveyed by Dow Jones had been looking for payroll growth of 198,000, a step slower from the downwardly revised gain …

USA Today reports: Hiring picked up sharply in January as employers added a booming 353,000 jobs, highlighting a labor market that continues to defy high interest rates and household financial strains. The unemployment rate held steady at 3.7%, the Labor Department said Friday. Economists surveyed by Bloomberg had estimated that 185,000 jobs were added last month. The January totals were …

CNBC reports: The U.S. labor market closed out 2023 in strong shape as the pace of hiring was even more powerful than expected, the Labor Department reported Friday. December’s jobs report showed employers added 216,000 jobs for the month while the unemployment rate held at 3.7%. Payroll growth showed a sizeable gain from November’s downwardly revised 173,000. Economists surveyed by …

Yahoo Finance reports: The US economy created 187,000 new jobs in July while the unemployment rate fell to 3.5%, the Bureau of Labor Statistics said Friday. Economists had expected job gains to total 200,000 with the unemployment remaining unchanged at 3.6%. Wages, a closely watched indicator of how much leverage workers are exerting in the labor market, rose more than …

CNBC reports: Employment growth eased in June, taking some steam out of what had been a stunningly strong labor market. But the gain was the 30th consecutive month of jobs gains. Nonfarm payrolls increased 209,000 in June and the unemployment rate was 3.6%, the Labor Department reported Friday. That compared to the Dow Jones consensus estimates for growth of 240,000 …

From the Labor Department: Federal wage and hour investigators have seen corrupt employers try all kinds of scams to shortchange workers and to intimidate or retaliate against employees but a northern California restaurant’s attempt to use an alleged priest to get employees to admit workplace “sins” may be among the most shameless. During litigation by the U.S. Department of Labor …

Axios reports: The share of foreign-born workers in the U.S. labor force reached a record high last year, per new data from the Labor Department. With more Americans aging out of the workforce than entering into it — and at a time of labor shortages — immigrants are playing an increasingly crucial role in the labor market. The share of …

Axios reports: The U.S. labor market continues to add jobs at a strong pace: Payrolls rose by 236,000 in March, while the unemployment rate ticked down to 3.5%, the lowest level in over a half-century, the Labor Department said on Friday. Employers still have plenty of demand for workers, despite aggressive efforts from the Federal Reserve to cool off the …

Yahoo Finance reports: Inflation showed continued signs of cooling off in February but remained stubbornly high and well above the Federal Reserve’s 2% target in the year’s second month, according to the latest data from the Bureau of Labor Statistics released Tuesday morning. The Consumer Price Index (CPI) revealed headline inflation rose 0.4% over last month and 6% over the …

The New York Times reports: Employers added 311,000 jobs in February, the Labor Department reported Friday, continuing a hotter-than-anticipated streak that has created abundant opportunities for job seekers while frustrating the Federal Reserve in its drive to contain stubborn inflation. The unemployment rate ticked up to 3.6 percent, still an exceptionally low level brought about both by robust job creation …

The Washington Post reports: The labor market shattered expectations in January, as the economy added 517,000 jobs, despite tens of thousands of layoffs in the tech sector. The unemployment rate dropped to 3.4 percent, according to data released Friday from the Bureau of Labor Statistics, reaching a new longtime low. The uptick in high-profile layoffs has not been reflected in …

Axios reports: Employers finished the year with a burst of hiring: The economy added 223,000 jobs in December, while the unemployment rate fell back to a half-century low of 3.5%, the Labor Department reported on Friday. The labor market is still chugging along with healthy demand for workers, the latest sign that the economy is holding up despite recession fears. …

The New York Times reports: America’s jobs engine kept churning in November, the Labor Department reported Friday, a show of continued demand for workers despite the Federal Reserve’s push to curb inflation by tamping down hiring. Employers created 263,000 jobs, even as a wave of layoffs in the tech industry made headlines. That was only a slight drop from the …

CNBC reports: Job growth fell just short of expectations in September and the unemployment rate declined despite efforts by the Federal Reserve to slow the economy, the Labor Department reported Friday. Nonfarm payrolls increased 263,000 for the month, compared to the Dow Jones estimate of 275,000. The unemployment rate was 3.5% vs the forecast of 3.7%. A drop of 25,000 …

USA Today reports: Hiring slowed sharply in August but remained sturdy as employers added 315,000 jobs despite softer consumer spending gains, rising interest rates and a sputtering economy. The unemployment rate rose from 3.5% to 3.7%, the Labor Department said Friday. Economists surveyed by Bloomberg had estimated that 300,000 jobs were added last month. Many experts reckoned August finally would …

CNBC reports: Hiring in July was far better than expected, defying signs that the economic recovery is losing steam, the Bureau of Labor Statistics reported Friday. Nonfarm payrolls rose 528,000 for the month and the unemployment rate was 3.5%, easily topping the Dow Jones estimates of 258,000 and 3.6%, respectively. Wage growth also surged higher, as average hourly earnings jumped …

CNBC reports: Job growth accelerated at a much faster pace than expected in June, indicating that the main pillar of the U.S. economy remains strong despite pockets of weakness. The unemployment rate was 3.6%, unchanged from May and in line with estimates. Nonfarm payrolls increased 372,000 in the month, better than the 250,000 Dow Jones estimate and continuing what has …

From the Department of Labor: June is LGBTQIA+ Pride Month. It was in June 1969 that the Stonewall Uprising occurred, considered by many to have sparked the modern LGBTQIA+ civil-rights movement. Here at the Department of Labor, we rang in Pride Month by doing something that has never been done before in the history of the department — raising the …

The Washington Post reports: U.S. employers added 428,000 jobs in April, capping a year of solid growth, adding more fuel to an already robust recovery. The unemployment rate remained steady at a pandemic low of 3.6 percent, the Labor Department said Friday. The labor market has added more than 6.5 million jobs during the past year and is on pace …