Tag Archives: Labor Department

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 …

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 …

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 …

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 …

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, …

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 …

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 …

The Wall Street Journal reports: All employers with 100 or more employees would have to require their workers to be vaccinated or undergo at least weekly Covid-19 testing under a new plan by President Biden to curb the spread of the pandemic, senior administration officials said. The Labor Department in the coming weeks plans to issue an emergency temporary standard …

The Washington Post reports: The U.S. economy added just 235,000 jobs in August, a disappointing month of hiring as the delta variant caused coronavirus caseloads around the country to spike. The unemployment rate stayed mostly level at 5.4 percent. The stubbornness of the coronavirus, fueled by the transmissibility of the new variant and the country’s large pockets of unvaccinated people, …

Yahoo News reports: Initial unemployment claims fell further last week to the lowest level since March 2020, bringing the level of weekly new filings closer to pre-virus levels. New weekly jobless claims posted a fourth straight weekly decline, coming in yet again below the psychologically important 400,000 level. But even with the drop, new weekly claims are still elevated compared …

The New York Times reports: The American economy roared into midsummer with a strong gain in hiring, but there are questions about its ability to maintain that momentum as the Delta variant of the coronavirus causes growing concern. Employers added 943,000 jobs in July, the Labor Department reported Friday, but the data was collected in the first half of the …

CNBC reports: Initial jobless claims fell below 400,000 for the first time since the early days of the Covid-19 pandemic as the labor market continues to recover, the Labor Department reported Thursday. First-time filings for unemployment benefits totaled 385,000 for the week ended May 29, a decline from the previous week’s 405,000 and below the Dow Jones estimate of 393,000. …

Bloomberg News reports: Applications for U.S. state unemployment insurance fell last week to a fresh pandemic low, signaling steady improvement in the job market as remaining business restrictions are lifted. Initial claims in regular state programs decreased by 34,000 to 444,000 in the week ended May 15, Labor Department data showed Thursday. The drop in jobless applications shows the labor …

Bloomberg News reports: Applications for U.S. state unemployment insurance fell to a fresh pandemic low last week as business confidence strengthens and employers seek to fill more positions left open by restrictions. Initial claims in regular state programs declined by 34,000 to 473,000 in the week ended May 8, Labor Department data showed Thursday. The labor market continues to improve …

The Associated Press reports: The number of people seeking unemployment aid soared last week to 965,000, the most since late August and a sign that the resurgent virus has likely escalated layoffs. The latest figures for jobless claims, issued Thursday by the Labor Department, remain at levels never seen until the virus struck. Before the pandemic, weekly applications typically numbered …

The Wall Street Journal reports: U.S. jobless claims fell to 803,000 last week, a retreat from a three-month high amid broader signs of a slowing economic recovery. The latest data came as states and local municipalities impose fresh restrictions on social and business activity to combat a surge in coronavirus cases. Other parts of the economy have shown signs of …

Slate reports: On Monday, the Trump administration finalized a sweeping new regulation that allows federal contractors to discriminate against racial and religious minorities, women, and especially LGBTQ people in the name of protecting “religious liberty.” It effectively abolishes critical workplace protections for these contractors that have been in place for decades, reframing religious freedom as a near-limitless license to discriminate. …

Bloomberg News reports: Applications for U.S. state unemployment benefits unexpectedly jumped to the highest level in a month, underscoring a fragile labor market at risk of faltering as coronavirus cases soar. Initial jobless claims in regular state programs increased by 30,000 to 778,000 in the week ended Nov. 21, according to Labor Department data Wednesday. Without adjustments for seasonal fluctuations, …

The New York Times reports: The government reported on Thursday that 757,000 workers filed new claims for state unemployment benefits last week, a drop of 73,000 from the previous week but still a stubbornly high rate as the incipient economic recovery struggles to maintain a foothold. Another 345,000 new claims were filed under a federal jobless program that provides benefits …

Yahoo Finance reports: Another 837,000 individuals filed new jobless claims last week, for a marginal step down from the upwardly revised 873,000 reported for the prior period. This marked the fifth straight week that new jobless claims come in below 1 million. On a seasonally unadjusted basis, claims also declined, falling by more than 40,000 to 786,942. But six months …