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The Latest Breaking News from the Bureau of Labor Statistics

Markets Today: Stocks Rally After December U.S. Jobs Report Released

Morning Markets The S&P 500 Index ( $SPX ) ( SPY ) is up +0.25%, the Dow Jones Industrials Index ( $DOWI ) ( DIA ) is up +0.07%, and the Nasdaq 100 Index ( $IUXX ) ( QQQ ) is up +0.25%. This morning the Bureau of Labor Statistics...

Barchart

Jobs report surpasses expectations with 216,000 new jobs added in December

Inflation easing has not tempered a hot labour market as President Joe Biden prepares to make the economy a central point of his re-election campaign

The Independent UK

Fastest growing job in the U.S. pays $103K a year without a college degree

Wind turbine service technicians: America’s fastest-growing occupation boasts remote working, pays up to $103,000 a year and doesn’t require a college degree.

Fortune

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Job Openings Shrank In October To Lowest Level In 2 1/2 Years

Job openings declined in October, to 8.7 million from 9.35 million in September, the Bureau of Labor Statistics (BLS) reported Tuesday.

International Business Times

Gen Xers Ask: ‘Can I Afford to Retire?’

A feature on how Gen Xers are struggling with retirement planning.

Kiplinger

How does beer production impact the American economy?

Despite pandemic challenges, US breweries — 98% of which have fewer than 100 employees — contribute more in tax revenue than wineries and employ tens of thousands of people.

USAFacts

US labor movement faces big obstacles despite surge in strikes and union wins

Recent union contract gains against a backdrop of decades of union decline, worsening wealth inequality and broken labor laws

The Guardian - US

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Rising tensions between employers and employees has put the labor back in this year's Labor Day

Labor Day is right around the corner

The Independent UK

Jobs-data run kicks off with July Jolts report; eyes on August payrolls

The Bureau of Labor Statistics will kick-off a four-day run of key jobs data releases later today with its closely tracked July Jolts report.

The Street

How much do actors and writers make?

Median hourly wages for actors fell by 56% over the last decade.

USAFacts

What are the fastest-growing professions in America?

Nurse practitioners hold the fastest-growing job in the country, which the Bureau of Labor Statistics projects will grow 46% by 2031.

USAFacts

Texas Workers, Congressman Launch ‘Thirst Strike’ for Heat Protections

“My brother would still be here if he just had a water break,” said Jasmine Granillo, who’s joining the call for OSHA to save workers from the Texas Legislature.

Texas Observer

DeSantis has hammered Biden on rising prices. Now Florida is an inflation hotspot.

As he relentlessly accuses President Joe Biden and national Democrats of fueling rising costs and fiscal mismanagement, Florida Gov. Ron DeSantis is facing stubbornly high inflation in his own backyard.

Miami Herald

US Inflation Slows More Than Expected, Raising Speculation On Fed’s Rate Hike Path

Consumer price index drops to 3% in June, marking twelfth consecutive month of declining inflation

Zenger

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The Independent UK

White House cheers ‘Bidenomics’ as inflation rises by only 0.2%

‘Good jobs and lower costs: That’s Bidenomics in action,’ Biden says upon news of inflation only slightly increasing

Zenger

Jobless Claims Climb, Part-time Employment Surges In US

US Unemployment Claims Rise to 248,000, Part-time Workers Increase to 5.4 Million in June.

The Street

Jobs Report Isn’t Set in Stone, But Fed’s Path Forward Is Likely Set in Concrete

The slower-than-expected June jobs report may signal Fed rate hikes are here to stay.

StockNews.com

1 Entertainment Stock to Buy, 2 to Watch This Week

The entertainment industry is poised for significant expansion, propelled by its recovery from the pandemic and a strong labor market. However, the Fed has indicated further rate hikes could be in the offing, which could affect the discretionary spending on entertainment. Considering these factors, buying fundamentally strong entertainment stock Endeavor…

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The Conversation

Why the Federal Reserve's epic fight against inflation might be over

The Federal Reserve’s decision to hold rates steady signals that central bankers believe it is time to hit pause, at least temporarily, on their aggressive campaign to tame runaway inflation.

The Street

Two Other Baking Staples Replace Eggs as Leaders in Food Inflation

The Bureau of Labor Statistics reports a 6.7% food price increase in May.

Los Angeles Times

Michael Hiltzik: Wage growth doesn't drive inflation. So why is the Fed out to crush workers?

Federal Reserve Chairman Jerome Powell and his colleagues have made major mistakes in their battle with inflation.

The Guardian - US

The US needs 1m more electricians to hit climate goals. Can it recruit more women?

Women face barriers in the sector, including harassment and exclusionary unions, but they would help resolve a crucial labor shortage and could also help close the gender wage gap

Tribune News Service

Amazon warehouse work is getting safer but still more dangerous than 2020

The overall injury rate at Amazon warehouses declined in the past year, according to two new analyses of injury data.

Tribune News Service

Why does Texas labor market just keeps surging in 2023?

The hiring spree just keeps on going.

The Independent UK

US economy exceeds expectations and adds 311,000 jobs

A hot employment market is good news for some but some Democrats fear that it will incentivize the Federal Reserve to raise interest rates.

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People

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