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The Latest Breaking News from Labor Department

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.

Reason

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.

International Business Times

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

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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.

Investors Business Daily

Dow Jones Climbs After Jobless Claims Rise; Google Stock Surges After Gemini AI Model

The Dow Jones climbed Thursday after the Labor Department's jobless claims. Google stock surged after unveiling its Gemini AI model.

Investors Business Daily

10-Year Treasury Yield Sinks As Job Openings Dive; Nasdaq Gains

The 10-year Treasury yield fell to a 3-month low after Labor Department data showed that job openings dived in October. The Nasdaq composite rallied.

Investors Business Daily

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‘It should never have happened’: death of boy, 16, at sawmill highlights rise of child labour in US

Michael Schuls died after getting trapped in dangerous machinery at a mill in Wisconsin. But across the US conservative groups are pushing to loosen laws that protect children in the workplace

The Guardian - UK

Dow Jones Falls After Jobless Claims; Cisco, Walmart Dive On Earnings

The Dow Jones fell after the Labor Department's initial jobless claims. Cisco Systems and Walmart dived on earnings reports.

Investors Business Daily

Dow Jones Rallies On Weak Jobs Report; Apple Stock Slides On Earnings

The Dow Jones rallied Friday on the Labor Department's weaker-than-expected October jobs report. Apple stock slid on earnings.

Investors Business Daily

Federal court rules in favor of Biden ESG retirement rule

Judge Matthew J. Kacsmaryk of the United States District Court for the Northern District of Texas issued a ruling on Sept. 21 refusing to block the Biden Labor Department’s investment rule allowing ESG considerations in retirement plans governed by the Employee Retirement Income Security Act of 1974 (ERISA). Texas and…

Ballotpedia

Top US poultry producers face federal investigation over claims of child migrants cleaning slaughterhouses

‘We are long past the day when brands can say that they don’t know that they have child labor in their supply chain,’ the chief legal officer for the Labor Department said

The Independent UK

Federal court rules in favor of Biden ESG retirement rule

Economy and Society is Ballotpedia’s weekly review of the developments in corporate activism; corporate political engagement; and the environmental, social, and corporate governance (ESG) trends and events that characterize the growing intersection between business and politics.

Ballotpedia

Labor Department to give overtime protection to salaried workers - Roll Call

The Labor Department is proposing to make it more costly for employers to avoid paying overtime by making workers salaried employees.

Roll Call

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Chicago Sun-Times

Dollar Tree and Family Dollar agree to pay fine and improve worker safety

Labor Department officials cited issues at the stores including blocked exits, unsafe storage of materials and improper access to fire extinguishers and electrical panels.

Investors Business Daily

Labor Dept. Cuts Job Gains By 306,000; S&P 500 Rallies Ahead Of Fed Chair Powell's Big Speech

A cut to reported job gains and a signs of economic slowing helped lift the S&P 500 ahead of Federal Reserve Chair Jerome Powell's big Friday speech.

Tribune News Service

US applications for jobless benefits fall to 2-month low

U.S. applications for unemployment benefits fell last week to the lowest level in two months, suggesting resilient demand for workers amid a moderation in job gains.

Zenger

Cryptocurrencies Trade In Red As U.S. Jobs Data Surprises Market

ADP private employment report shows significant job gains, impacting crypto prices.

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Investors Business Daily

Dow Jones Dives 450 Points On Strong Jobs Data; Cathie Wood Sells Tesla, Buys Meta

The Dow Jones Industrial Average dived 450 points Thursday on strong jobs data. Cathie Wood sold Tesla stock and purchased Meta shares.

Investors Business Daily

Dow Jones Futures Fall: Stock Market Rally At 2023 Highs As Tesla Surges; Pivotal Jobs Report Looms

Dow Jones futures fall: The stock market rally is at 2023 highs. Tesla stock surged, as a pivotal jobs report looms Friday.

Ballotpedia

House Republican introduces bill opposing ESG in retirement funds

Congressman Andy Barr (R-Ky.) introduced a bill on June 21 opposing the Biden Labor Department’s rule allowing the use of ESG in retirement plan investments. Both chambers recently passed a Congressional Review Act (CRA) resolution overturning the Labor Department rule, but President Joe Biden (D) vetoed that legislation. Congressman Barr…

Ballotpedia

House Republican introduces bill opposing ESG in retirement funds

Economy and Society is Ballotpedia’s weekly review of the developments in corporate activism; corporate political engagement; and the Environmental, Social, and Corporate Governance (ESG) trends and events that characterize the growing intersection between business and politics.

Investors Business Daily

Dow Jones Rallies 350 Points After Strong Jobs Report; Lululemon Surges 15% On Earnings

The Dow Jones rallied 350 points Friday after a strong May jobs report. Lululemon surged 15% on strong earnings late Thursday.

The Independent UK

10-year-old children found working at three McDonalds in Kentucky

Federal officials say two 10-year-olds are among the 300 children who worked at a McDonald’s restaurants in Kentucky with no or little pay

Fortune

Two 10-year-old kids found working at a Louisville McDonald’s until 2 a.m.—for no pay

The Labor Department found more than 300 minors working illegally at McDonald’s restaurants operated by three franchisees.

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