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The Latest Breaking News from the Labor Department

‘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

US producer prices slide 0.5% in October, biggest drop since 2020.

U.S. wholesale prices fell sharply last month as inflationary pressure continued to ease in the face of a year and a half of higher interest rates

The Independent UK

Biden's New Retirement Adviser Proposal Targets 'Junk Fees'

Retirement advisers would need to ensure that they prioritize investor interests under the new rule.

Kiplinger

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Wholesale inflation in US rises 2.2% in September, biggest year-over-year gain since April

U.S. wholesale prices rose last month at the fastest pace since April, suggesting that inflationary pressures remain despite a year and a half of higher interest rates

The Independent UK

September jobs report could stoke Treasury yield surge, or stop it in its tracks

The Labor Department's September jobs report could have a major impact on the recent surge in Treasury bond yields are market remain fixated on renewed inflation pressures.

The Street

Stock Market Remains Lower As Exxon Mobil Triggers Sell Signal; New Beer King Tumbles

The government's jobless claims showed a firm labor market as investors geared up for the all-important monthly employment report Friday.

Investors Business Daily

Perdue Farms and Tyson Foods under federal inquiry over reports of illegal child labor

The Labor Department launched investigations into the two major poultry producers after reports that migrant children as young as 13 have been working overnight shifts to clean the companies' plants.

WEKU

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Dow Jones Rises After Hot Inflation Data, Jobless Claims; Cathie Wood Sells Tesla Stock; ARM IPO To Surge 24%

The Dow Jones Industrial Average rose Thursday after key inflation data and initial jobless claims. Cathie Wood sold 51,000 shares of Tesla stock. The ARM IPO will debut today.

Investors Business Daily

US jobs report for August could point to a moderating pace of hiring as economy gradually slows

Slowly and steadily, an overheated American job market is returning to room temperature

The Independent UK

Dow Jones Rallies 175 Points After Key Inflation Data; Palantir Dives On Downgrade

The Dow Jones Industrial Average rose 175 points Thursday after key inflation data. Palantir Technologies dived on an analyst downgrade.

Investors Business Daily

Millions of additional salaried workers could get overtime pay under Biden proposal

A proposal from the Labor Department would make an estimated 3.6 million salaried workers newly eligible for overtime pay. It covers workers earning less than $55,000 per year.

WEKU

Millions more workers would be entitled to overtime pay under proposed new rule

The Biden administration is proposing a new rule that would make 3.6 million more U.S. workers eligible for overtime pay, reviving an Obama-era policy effort that was ultimately scuttled in court

The Independent UK

Stock Market Holds On To Gains; Auto Retailer Stock Adds To 900% Rally

China e-commerce stock tops a buy zone after analysts' price hikes.

Investors Business Daily

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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The Independent UK

Millions more workers would be entitled to overtime pay under a proposed Biden administration rule

The Biden administration is proposing a new rule that would make 3.6 million more U.S. workers eligible for overtime pay, reviving an Obama-era policy effort that was ultimately scuttled in court

The Street

Stocks edge higher, following best rally since June, on softer jobs, GDP data

Stock futures slipped modestly lower Wednesday ahead of another round of jobs data as markets continue to track sharp moves in the bond market that could suggest economic weakness over the coming months.

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.

The Independent UK

Dollar Tree and Family Dollar agree to take steps to improve worker safety at the bargain stores

U.S. regulators have announced a settlement with the company that runs Dollar Tree and Family Dollar aimed at improving worker safety at thousands of the bargain stores across the country

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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.

Reason

Biden's New 'Prevailing Wage' Rule Will Cost Taxpayers, Benefit Unions, and Hike Inflation

The Labor Department is officially undoing changes made to help combat inflation in the 1980s.

The Independent UK

Wholesale inflation in US edged up in July from low levels

Wholesale price increases in the United States picked up slightly in July yet still suggested that inflationary pressures have eased this year since reaching alarming heights in 2022

Investors Business Daily

CPI Inflation Rate Trends Tame, Signaling Patient Fed, But S&P 500 Erases Gains

The annual CPI inflation rate rose slightly to 3.2%, less than expected, signaling the Federal Reserve will stand pat. The S&P 500 rose, but slashed gains.

The Independent UK

Harris will announce a new rule that raises worker pay on federal construction projects

Vice President Kamala Harris is announcing changes to labor rules that could give higher wages to construction workers on federal projects

Chicago Sun-Times

Hiring below expectations in July but jobless rate dips to 3.5%

U.S. employers added 187,000 jobs last month. Economists had expected to see 200,000 new jobs in July.

WEKU

A 16-year-old died while working at a poultry plant in Mississippi

The teenager died after he became entangled in a machine he was cleaning late last Friday. Labor laws prohibit anyone under 18 from working in meat plants because of the hazardous conditions.

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