The Latest Breaking News from the Labor Department

The U.S. Labor Department says 44 farms in Mississippi exploited local Black workers by paying higher wages to immigrants on temporary work visas

Employers added a whopping 339,000 jobs in May, far above expectations, according to a report from the Labor Department on Friday. The unemployment rate rose to 3.7%, from 3.4% in April.

Stock futures higher as Senate confirms debt ceiling deal; May jobs report in focus as labor market strength impresses; Broadcom slides after earnings beat, AI-powered sales outlook; Lululemon surges after blasting earnings forecasts on high-end demand and U.S. banks continue to trim emergency borrowing from Fed.

Stock futures nudge higher on debt ceiling deal relief; ADP jobs data in focus as markets look to Friday payrolls; Salesforce slides after sluggish revenue growth, muted near-term outlook; Nordstrom surges after surprise Q1 profit, margin improvement and Broadcom earnings on deck as chipmaker rides AI demand wave.

The House OK'd the debt-limit bill. Salesforce and C3.ai stock led earnings movers late. China EV makers reported May sales.

Here are four reasons why we may be in for an unexpectedly soft jobs report on Friday.

WASHINGTON: Consumer inflation in the United States nudged down only slightly in April, the Labor Department said on Wednesday, despite strong efforts to cool the economy and rein in price increases.

Consumer prices in April were 4.9% higher than a year ago, according to the Labor Department. Prices rose 0.4% between March and April.

David Weil, whose 2022 Senate confirmation to a Labor Department post was blocked, says fast food companies, ride-sharing services and nonunion builders fear vigorous enforcement of labor laws.

Don't be fooled by the low unemployment rate. It won't last long.

The U.S. job market may be getting a second wind. Employers added 253,000 jobs in April, a modest uptick from the month before. The unemployment rate dipped to 3.4%.