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The Latest Breaking News from Labor Department

Judge blocks Biden administration's rule to expand overtime pay for millions

A federal judge in Texas has blocked a new rule from the Biden administration that would have expanded access to overtime pay to millions more salaried workers across the U.S. In a Friday ruling, U.S. District Judge Sean Jordan sided with the state of Texas and a group of business…

The Independent UK

Stocks are bracing for a monster week

Stocks are bracing for a monster week

Five Mag 7 giants report earnings this Halloween week. And the big jobs report hits on Friday.

What's behind the widening gender wage gap?

What's behind the widening gender wage gap?

The first widening of the gender wage in 20 years is the latest indication that many women have paid a price for leaving the workforce at the height of the COVID-19 pandemic, either because they lost their jobs or because they quit because of caretaking responsibilities

The Independent UK

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US Insurance Industry Fights Regulation To Scrap Agent Commissions, Boosting Retirement Savings By $3B Annually

A dozen insurance industry groups have secured national stay orders from two Federal courts on a new retirement protection regulation that compels agents to sell products in their client's best interests during 401(k)-IRA rollovers.

International Business Times UK

Pandemic's last laugh: Overestimates of jobs recovery

The Labor Department says it's making a sizeable fix to its jobs data.

US Jobs Data Point To Weaker Than Expected Market

The US jobs market was probably cooler than expected in the year through March, Labor Department data showed Wednesday, signaling weaker but still-positive growth.

International Business Times

Dow Jones Rises On CPI Inflation Data; Nvidia Reverses From Key Level (Live Coverage)

Stock Market Today: The Dow Jones rose Wednesday after the CPI inflation report. Nvidia stock reversed lower after approaching a key level.

Investors Business Daily

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Dow Jones Rallies 500 Points On Surprise Jobless Claims; Dutch Bros Plunges On Earnings (Live Coverage)

Dow Jones Rallies 500 Points On Surprise Jobless Claims; Dutch Bros Plunges On Earnings (Live Coverage)

Stock Market Today: The Dow Jones rallied 500 points Thursday on a big drop in weekly jobless claims. Dutch Bros plunged on earnings.

Investors Business Daily

US Extends Hiring Cooldown While Unemployment Highest Since 2021

US Extends Hiring Cooldown While Unemployment Highest Since 2021

The US jobs market cooled much more than expected in July with the unemployment rate reaching its highest since late 2021, government data showed Friday, paving the way towards post-pandemic interest rate cuts.

International Business Times

US added just 114,000 jobs in July, unemployment rate hits 4.3% as interest rates take economic toll

US added just 114,000 jobs in July, unemployment rate hits 4.3% as interest rates take economic toll

U.S. hiring decelerated sharply last month in the face of high interest rates as employers added a weak 114,000 jobs

The Independent UK

GDP report jolts Fed soft-landing hopes

GDP report jolts Fed soft-landing hopes

The Fed's hopes of a soft landing for the U.S. economy got a major boost this week.

Stocks Tick Higher After U.S. PPI Data and Big Bank Earnings

Stocks Tick Higher After U.S. PPI Data and Big Bank Earnings

September S&P 500 E-Mini futures (ESU24) are trending up +0.12% this morning, stabilizing after yesterday’s tech-led selloff, with investors looking ahead to crucial U.S. producer inflation data and earnings reports from some of the biggest U.S. banks.

Dow Jones Reverses After GDP, Jobless Claims; Micron Dives On Earnings

Dow Jones Reverses After GDP, Jobless Claims; Micron Dives On Earnings

Stock Market Today: The Dow Jones reversed higher Thursday after GDP and jobless claims. Among the losers, Micron stock dived on earnings.

Investors Business Daily

Jobs report to highlight shift from hot inflation to cooling labor market

Jobs report to highlight shift from hot inflation to cooling labor market

The Labor Department's May jobs report will be key to the market's autumn interest-rate bets.

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Investors Business Daily

Dow Jones Rallies 500 Points On Weak Jobs Report; Apple Surges On Buyback

Stock Market Today: The Dow Jones Industrial Average rallied 500 points Friday on a weak April jobs report. Apple stock surged on buyback news.

Jobs report may show red-hot market, that’s defied Fed rate hikes, is cooling

The job market's resilience has surprised nearly everyone, but cracks in the facade are starting to appear.

New Labor Department Rule Strengthens Protections For Farmworkers

New Labor Department rule enhances legal protections for temporary farmworkers under H-2A program, addressing abuse, unsafe conditions, and illegal recruit...

US Labor Department Corrects Productivity Data For 2019-2023

US Labor Department corrects productivity data from 2019-2023 to enhance accuracy and reliability in economic reporting.

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New Biden administration rule to make millions more salaried workers eligible for overtime pay

The Labor Department announced a new rule that will extend overtime pay to salaried workers who earn less than $43,888 annually. It will go into effect July 1

International Business Times

US Consumer Inflation Cools Less Than Expected In January

US consumer inflation slowed less than anticipated last month, according to government data released Tuesday, as President Joe Biden battles to assuage households' worries over costs of living while he seeks reelection.

Labor Department's New Regs Aim To Rescue Gig Workers From Their Own Preferences

Biden undid Trump-era rules for independent contractors, but the new rule will likely last only until another Republican is elected president. This is no way to regulate an economy.

International Business Times

New US Labor Rule May Help Gig Workers Qualify As Employees

A rule issued Tuesday by the US Labor Department making it tougher for companies to classify workers as "independent contractors" could take a toll on the gig economy -- and is likely to face challenges.

Investors Business Daily

Dow Jones Rallies 150 Points On Strong Jobs Report; AI Leader Palantir Slides On Downgrade

The Dow Jones Industrial Average rallied 150 points Friday on a strong December jobs report. AI leader Palantir dived on an analyst downgrade.

Investors Business Daily

Dow Jones Futures: Magnificent Seven Stocks Slide; AI Giant Oracle Dives On Earnings; CPI Next

Dow Jones futures: The Magnificent Seven stocks tumbled Monday, with heavy losses in Nvidia and Tesla. The CPI inflation report is next.

Investors Business Daily

Dow Jones Reverses Higher On Strong Jobs Report; LULU Stock Rallies On Earnings

The Dow Jones Industrial Average reversed Friday on a stronger-than-expected November jobs report. LULU stock rallied on earnings.

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