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The Latest Breaking News from the Labor Department

Egg and milk prices fall, fueling hope for interest rate cuts

Inflation eased last month, according to a report Wednesday from the Labor Department, which means people feeling stretched by high prices and high borrowing costs could feel a little relief soon.

US Consumer Inflation Eases Slightly In April, In Good News For Biden

US Consumer Inflation Eases Slightly In April, In Good News For Biden

US consumer inflation eased slightly last month, according to US government data published Wednesday, a positive sign for President Joe Biden ahead of November's election.

International Business Times

Dow Jones Rises After Hot Inflation Data, Powell Next; GameStop Rockets 112%

Dow Jones Rises After Hot Inflation Data, Powell Next; GameStop Rockets 112%

The Dow Jones rose Tuesday on the stock market today on hot inflation data. Fed Chair Jerome Powell is next. GME stock rocketed 112%.

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Dow Jones Futures: Nvidia's New Buy Point; GameStop Extends 74% 'Roaring Kitty' Surge

Dow Jones Futures: Nvidia stock offers a buy point, while GameStop rocketed Monday. A key inflation report is next.

Investors Business Daily

US Unemployment Claims Remain Historically Low Amid Economic Challenges

The latest Labor Department report shows stable U.S. unemployment claims at 208,000, reflecting a resilient labor market amid economic challenges.

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

US Jobless Claims Unchanged, Economy Remains Resilient

Explore the latest U.S. labor market trends, including steady jobless claims, strong hiring, and sector-specific job cuts amidst economic challenges.

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US Jobless Claims Drop To 211,000, Labor Market Thrives

US Jobless Claims Drop To 211,000, Labor Market Thrives

Latest report shows a decrease in U.S. unemployment claims, indicating a robust labor market amidst Fed's rate hikes.

US Consumer Inflation Accelerates In March, Dampening Rate Cut Hopes

US Consumer Inflation Accelerates In March, Dampening Rate Cut Hopes

US consumer inflation continued to accelerate last month, according to US government data published Wednesday, reducing the chances of an early interest rate cut from the Federal Reserve.

International Business Times

US Unemployment Claims Fall, Economy Grows Stronger

US Unemployment Claims Fall, Economy Grows Stronger

Labor Department report shows slight decrease in jobless claims, indicating strong labor market and high job security.

Dow Jones Nears 40,000 Mark For The First Time; Reddit IPO Set To Debut

Dow Jones Nears 40,000 Mark For The First Time; Reddit IPO Set To Debut

Stock Market Today: The Dow Jones Industrial Average climbed after surprise home sales Thursday. The Reddit IPO is expected to debut.

Investors Business Daily

U.S. Jobless Claims Remain Low Despite Interest Rate Hikes

U.S. Jobless Claims Remain Low Despite Interest Rate Hikes

Latest data shows U.S. jobless claims remain low despite slight uptick. Labor market robust amidst recent job cuts in specific sectors.

Dow Jones Falls 175 Points After Surprise Inflation Data; Nvidia, Tesla Sell Off

Dow Jones Falls 175 Points After Surprise Inflation Data; Nvidia, Tesla Sell Off

Stock Market Today: The Dow Jones dropped on hot inflation data. Nvidia and Tesla stock extended their losses, with more declines.

Investors Business Daily

US Consumer Inflation Up Unexpectedly In February

US Consumer Inflation Up Unexpectedly In February

Consumer inflation posted a surprise acceleration in February, US government data showed Tuesday, a development that could give policymakers pause as they mull the right time to start interest rate cuts.

International Business Times

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US Inflation Challenges Fed And Biden's Re-Election Campaign

US consumer prices rose in February, driven by gas prices, with core inflation exceeding target. Economists anticipate a gradual decline in inflation throu...

U.S. Jobless Claims Remain Steady, Labor Market Shows Strength

U.S. jobless claims hold steady despite interest rate hikes, with a resilient economy and recent job cuts in tech and media sectors.

US Jobless Claims Hit Five-Week Low Amid Layoffs

Latest data shows U.S. jobless claims at a five-week low despite Fed rate hikes. Job market remains strong with low layoffs, but some sectors see cuts.

Inflation suggests mortgage rates do this next

Surprising inflation data suggests this happens to mortgage rates next.

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International Business Times

US Wholesale Prices Rose More Than Expected In January

US wholesale prices rose more than expected in January, according to government data published Friday, as services costs were lifted by a jump in the index for hospital outpatient care.

Black and Latina women helped propel gains for unions in 2023, finds a new study

The share of Black and Latina women in unions rose in 2023 after moving in a downward trend for a few years. Meanwhile, the share of white and Asian American women in unions continues to decline.

The U.S. created an extraordinary number of jobs in January. Here's a deeper look

U.S. employers added 353,000 jobs in January — far more than forecasters expected. The sizzling job market is good for workers but could cause the Federal Reserve to postpone a cut in interest rates.

International Business Times

US Jobs Market Defies Expectations Of January Slowdown

The US labor market smashed expectations last month in a surprise hiring pick-up, government data showed Friday, with a resilient jobs market likely good news for President Joe Biden in election year.

Investors Business Daily

Dow Jones Slides 175 Points On Blowout Jobs Report; Apple Sells Off On Earnings

The Dow Jones dropped on today's strong jobs report. Amazon, Apple and Meta were earnings movers, while Tesla stock slid on recall news.

US Wholesale Inflation Falls, Indicates Easing Price Pressures

Wholesale inflation in the US fell in December, signaling easing price pressures. The report suggests slowing inflation and a resilient economy.

U.S. Unemployment Claims Drop to Lowest Level in Months

Discover how the US labor market remains resilient, with jobless claims reaching a three-month low despite elevated interest rates and inflation concerns.

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