Tag Archives: Labor Department

The U.S. economy added 162,000 jobs in August, far exceeding expectations and signaling that the labor market remains stronger than previously thought despite mounting pressure on hiring. The unemployment rate held at 4.1%, according to Labor Department data released Friday. Economists had expected just 65,000 new jobs. Job growth was …

Inflation accelerated in May, reaching its highest level in three years as higher gasoline prices continued to drive up costs for consumers and complicate the outlook for the economy. New data released Wednesday by the Labor Department showed consumer prices rose 4.2% from a year earlier, up from 3.8% in …

The U.S. job market showed clear signs of strain this fall, shedding jobs in October and posting only modest gains in November as unemployment climbed to its highest level in more than three years, according to government data released Tuesday after weeks of delay caused by a federal shutdown. The …

The federal shutdown has erased the government’s October jobs report and delayed the November release, eliminating a major data point just as sluggish hiring and persistent inflation have stoked fears of a broader economic slowdown. The Bureau of Labor Statistics confirmed Wednesday that October’s employment report — one of the …

The U.S. job market showed alarming weakness in July, with just 73,000 new jobs added and deep revisions to prior data suggesting economic conditions are far worse than previously believed. The latest report from the Bureau of Labor Statistics, released Friday, left the unemployment rate unchanged at 4.2%. But the …

President Joe Biden on Friday accused the Republican leadership of “rooting for a recession” after new Labor Department figures showed the U.S. economy added 261,000 jobs in October, more than analysts expected but down slightly from the previous month. “Today’s jobs report—adding 261,000 jobs with the unemployment rate still at …

The millions of workers whose labor is central to the success of large companies like Uber and Lyft will have more protections and rights under a new rule proposed Tuesday by the Biden administration, which takes aim at corporations that misclassify workers as independent contractors. U.S. Labor Secretary Marty Walsh …

U.S. Federal Reserve officials signaled last week that the central bank could start raising interest rates in March as U.S. annual inflation surged to an almost 40-year high in December. “Inflation is too high, and working people around the country are concerned about how far their paychecks will go,” Fed …

The number of Americans who quit their jobs in October remained high, decreasing only slightly to 4.2 million, down from a record 4.4 million in September, according to the Labor Department’s Job Openings and Labor Turnover Survey (JOLTS) report that came out on Wednesday. In addition, the number of job …

The number of Americans filing first-time unemployment claims fell to 199,000 last week for the lowest rate in more than 50 years, the Labor Department reported on Wednesday. “In the week ending November 20, the advance figure for seasonally adjusted initial claims was 199,000, a decrease of 71,000 from the …

The Labor Department on Friday said more than a half-million jobs were added to the U.S. economy in October — soundly beating what most analysts had predicted. The department said in its monthly report that 531,000 jobs were added last month. In the run-up to Friday’s report, most economists projected …

The U.S. economy added just over 230,000 jobs during the month of August, the Labor Department announced Friday in its monthly jobs report — way off the mark that most experts were expecting. The department said jobs increased by 235,000 for the month. Most economists predicted the report would show …

The number of new U.S. workers filing unemployment claims has declined for the third straight week, the Labor Department said Thursday in its weekly report. The department said 375,000 workers filed initial claims last week, a figure that’s right in line with what most analysts expected. The weekly figures have …

The number of Americans filing first-time claims for unemployment benefits fell to 360,000 last week, the lowest level since the coronavirus pandemic began, the Labor Department reported on Thursday. The reading was a decrease of 26,000 from the prior week’s revised level and the lowest level since March 14, 2020, …

Employers added 850,000 jobs in June, well above expectations, the Bureau of Labor Statistics reported Friday. That compares to 559,000 jobs in May and forecasts of a 700,000 increase. Meanwhile, the unemployment rate was slightly changed at 5.9%, up from its 5.8% rate in May. “Notable job gains occurred in …