Tag Archives: Labor Department

Axios reports: President Trump’s nominee to head the Bureau of Labor Statistics, E.J. Antoni, suggested the possibility of suspending the bureau’s monthly jobs report. It’s one of the world’s most fundamental pieces of data, crucial for investors to understand the health of the U.S. economy. Antoni made the suggestion in an interview with Fox Business in response to concerns over …

“We’ve seen positive job growth. We have seen consumer confidence go up. We’ve seen unemployment hold steady. While we could have seen better jobs numbers, right now we’re seeing American workers are being put first — native-born workers account for all of the job growth and that’s key. We’re setting the table for a positive economy and the American worker …

CNBC reports: Nonfarm payroll growth was slower than expected in July and the unemployment rate ticked higher, raising potential trouble signs for the U.S. labor market. Job growth totaled 73,000 for the month, above the June total of 14,000 but below even the meager Dow Jones estimate for a gain of 100,000. June and May totals were revised sharply lower, …

The Associated Press reports: The U.S. Department of Labor is aiming to rewrite or repeal more than 60 “obsolete” workplace regulations, ranging from minimum wage requirements for home health care workers and people with disabilities to standards governing exposure to harmful substances. If approved, the wide-ranging changes unveiled this month also would affect working conditions at constructions sites and in …

The Washington Post reports: Employers created 147,000 jobs in June, close to the pace of job creation in May, despite economic uncertainty that has strained the labor market. The unemployment rate ticked down to 4.1 percent, according to a jobs report released Thursday by the Labor Department. Businesses have been adding jobs at a slower pace this year compared to …

The New York Times reports: The labor market persevered in May, continuing a consistent run of job creation that has outlasted inflation, interest rate increases and now an on-again-off-again trade war. Employers added 139,000 jobs last month, the Labor Department reported Friday, about in line with economists’ expectations. The steady hiring is an indication that businesses are still seeing enough …

Forbes reports: The labor market showed signs of steadiness in April as the U.S. added more jobs than expected, according to a Bureau of Labor Statistics report out Friday morning, as the economy walks the recession tightrope. The U.S. added 177,000 non-farm jobs from March to April, the Labor Department said. Economists expected job growth of 133,000, according to median …

ProPublica reports: A top official in the Department of Labor this week informed all staff members that they could face criminal charges if they speak to journalists, former employees or others about agency business. A memo sent Monday by Secretary of Labor Lori Chavez-DeRemer’s chief of staff, Jihun Han, and obtained by ProPublica, states that “individuals who disclose confidential information …

The Hill reports: The U.S. economy added 228,000 jobs in March and the unemployment rate stayed roughly even at 4.2 percent, according to data released Friday by the Labor Department. The monthly federal jobs report showed the labor market holding strong in March after another month of rising concern about the impact of President Trump’s economic agenda. March employment data …

The New York Times reports: It could be the calm before a storm, or it may be business as usual. U.S. employers added 151,000 jobs in February, the first full month under the new Trump administration, extending a streak of job growth to 50 months. The unemployment rate rose to 4.1 percent, from 4 percent. Is DOGE playing a role? …

CNN reports: First-time applications for unemployment benefits rose much more than expected last week, a likely indication of some “noisy” data, but also a potential worrisome hint that cracks may be forming in America’s long-solid labor market. There were an estimated 242,000 jobless claims filed last week, according to seasonally adjusted data released Thursday by the Department of Labor. That’s …

Via press release from the Labor Department: Acting Secretary of Labor Vince Micone today transmitted Secretary’s Order 03-2025 to all department employees, directing them to cease and desist all investigative and enforcement activity under the rescinded Executive Order 11246 and the regulations promulgated under it. The order applies to all department employees, including the Office of Federal Contract Compliance Programs, …

The New York Times reports: Lori Chavez-DeRemer, a first-term Republican representative from Oregon who narrowly lost her House seat this month, was chosen on Friday to serve as labor secretary in the coming Trump administration. “Lori has worked tirelessly with both business and labor to build America’s work force, and support the hardworking men and women of America,” President-elect Donald …

CNBC reports: The monthly inflation rate dipped in June, providing further cover for the Federal Reserve to start lowering interest rates later this year. The consumer price index, a broad measure of costs for goods and services across the U.S. economy, declined 0.1 from May, putting the 12-month rate at 3%, around its lowest level in more than three years, …

CNBC reports: The U.S. economy again added slightly more jobs than expected in June though the unemployment rate increased, the Labor Department reported Friday. Nonfarm payrolls increased by 206,000 for the month, better than the 200,000 Dow Jones forecast. The unemployment rate unexpectedly climbed to 4.1%, tied for the highest level since October 2021 and providing a conflicting sign for …

Yahoo Finance reports: A closely-watched report on US inflation showed consumer price increases cooled during the month of May, according to the latest data from the Bureau of Labor Statistics released Wednesday morning. The Consumer Price Index (CPI) remained flat over the previous month and rose 3.3% over the prior year in May — a deceleration from April’s 0.3% month-over-month …

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 …