Tag Archives: Labor Department

CNBC: July Jobs Report Is “Far Better Than Expected”

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 …

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June Jobs Report Crushes Expectations: 372K New Jobs

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 …

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Labor Dept Raises Pride Flag For First Time [VIDEO]

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 …

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428K New Jobs In April, Unemployment Flat At 3.6%

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 …

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Labor Dept: March Prices Rose 8.5% Over Last Year

The Washington Post reports: Prices rose 8.5 percent in March compared with a year ago, the largest annual increase in four decades, as Russia’s war in Ukraine drove up energy prices even higher and policymakers launched a major effort to get soaring inflation under control. The inflation data, released Tuesday by the Bureau of Labor Statistics, showed prices rose 1.2 …

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US Added 431K Jobs In March, Jobless Rate Is 3.6%

The Associated Press reports: America’s employers extended a streak of robust hiring in March, adding 431,000 jobs in a sign of the economy’s resilience in the face of a still-destructive pandemic and the highest inflation in 40 years. The Labor Department’s report Friday showed that last month’s job growth helped reduce the unemployment rate to 3.6%, the lowest level since …

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Labor Dept: February Prices Up 7.9% Over Last Year

The Washington Post reports: Prices rose 7.9 percent in February compared with a year ago, the largest annual increase in 40 years, even as fears grow that Russia’s war on Ukraine will push energy prices even higher in the months to come. The inflation data, released Thursday by the Bureau of Labor Statistics, showed prices rose 0.8 percent in February …

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Labor Dept Reports 678,000 New Jobs For February

CNBC reports: Job growth accelerated in February, posting its biggest monthly gain since July as the employment picture got closer to its pre-pandemic self. Nonfarm payrolls for the month grew by 678,000 and the unemployment rate was 3.8%, the Labor Department’s Bureau of Labor Statistics reported Friday. In a sign that inflation could be cooling, wages barely rose for the …

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Labor Dept: 199K New Jobs In December, 3.9% Jobless

ABC News reports: Employers added a lackluster 199,000 jobs last month — significantly lower than economists’ expectations — and the unemployment rate fell to 3.9%, the Department of Labor said Friday. Hiring in December was even less than the revised figure for the previous month, when 249,000 jobs were added to the economy in November. The stalled job growth comes …

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USPS Seeks Temporary Waiver On Vaccine Mandate

The Washington Post reports: The U.S. Postal Service has asked federal labor officials for a temporary waiver from President Biden’s coronavirus vaccine mandate, setting up a showdown on pandemic safety measures between the president and one of the government’s largest agencies. In a letter dated Jan. 4 to the Occupational Safety and Health Administration, Deputy Postmaster General Douglas A. Tulino …

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Labor Dept: Jobless Claims Continue Historic Decline

ABC News reports: The number of Americans applying for unemployment benefits fell below 200,000, more evidence that the job market remains strong in the aftermath of last year’s coronavirus recession. Jobless claims dropped by 8,000 to 198,000, the Labor Department reported Thursday. The four-week average, which smooths out week-to-week volatility, fell to just above 199,000, lowest level since October 1969. …

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OSHA Mandate Gets New Deadline After Court Ruling

The Hill reports: In a statement released by the Occupational Safety and Health Administration (OSHA), the administration said it was “gratified” by the U.S. Court of Appeals for the 6th Circuit decision to reinstate its mandate. The Labor Department said in a statement on Saturday that “to provide employers with sufficient time to come into compliance,” it would not be …

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Labor Dept: Slight Rise In Jobless Claims This Week

The Associated Press reports: The number of Americans applying for unemployment benefits rose last week despite signs that the U.S. labor market is rebounding from last year’s coronavirus recession. Jobless claims rose by 18,000 to a 206,000, still low by historical standards. The four-week average, which smooths out week-to-week volatility, fell by 16,000 to less than 204,000, the lowest level …

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Labor Dept: Consumer Prices Up 6.8% Over Nov 2020

NBC News reports: Consumer prices rose by 6.8 percent in November over the previous year, the highest annual inflation rate since June 1982, according to the latest Consumer Price Index data from the Bureau of Labor Statistics, released Friday. The figure exceeds the 6.2 percent year-over-year figure from October. Volatile energy prices, supply chain snarls, high consumer demand, and loose …

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November Report: 210K Jobs, 4.2% Unemployment

CNBC reports: The U.S. economy created far fewer jobs than expected in November, before a new Covid threat created a scare that growth could slow into the winter, the Labor Department reported Friday. Nonfarm payrolls increased by just 210,000 for the month, though the unemployment rate fell sharply to 4.2% from 4.6%, even though the labor force participation rate increased …

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Labor Dept: New Jobless Claims Fall To 52-Year Low

CNBC reports: The ranks of those submitting jobless claims tumbled to their lowest level in more than 52 years last week, the Labor Department reported Wednesday. New filings totaled 199,000, a number not seen since Nov. 15, 1969, when claims totaled 197,000. The report easily beat Dow Jones estimates of 260,000 and was well below the previous week’s 270,000. Along …

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Jobless Claims Down For 7th Week, New Pandemic Low

The Associated Press reports: The number of Americans applying for unemployment benefits fell for the seventh straight week to a pandemic low of 268,000. U.S. jobless claims dipped by 1,000 last week from the week before, the Labor Department reported Thursday. The applications for unemployment aid are a proxy for layoffs, and their steady decline this year — after topping …

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Labor Dept Reports Highest Inflation Rate Since 1990

The New York Times reports: Consumer inflation surged in October as fuel costs picked up, supply chains remained under pressure and rents moved higher — bad news for economic policymakers at the Federal Reserve and for the Biden White House, which had been emphasizing a recent slowdown in price gains. Inflation picked up to 0.9 percent last month from September, …

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Labor Dept: Wages See Highest Increase In 20 Years

ABC News reports: Wages jumped in the three months ending in September by the most on records dating back 20 years, a stark illustration of the growing ability of workers to demand higher pay from companies that are desperate to fill a near-record number of available jobs. Pay increased 1.5% in the third quarter, the Labor Department said Friday. That’s …

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Labor Dept: New Jobless Claims Fall To Pandemic Low

Bloomberg News reports: Applications for U.S. state unemployment benefits fell last week to the lowest since March 2020, showing employers are hanging onto their workers in a tight labor market. Initial unemployment claims in regular state programs totaled 293,000 in the week ended Oct. 9, a decrease of 36,000 from the prior week, Labor Department data showed Thursday. The median …

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