The Latest Breaking News from the Labor Department

A child died in a sawmill accident this month, as some Republican-led states move to relax child labour restrictions.

Markets didn't wait for Friday's jobs report to get nervous. A July Fed rate hike now looks like a lock, and odds are rising for another this year.

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.

Washington (AFP) - 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.