#LABORDEPARTMENT News
Philadelphia Fed Admits US Payrolls Overstated By At Least 800,000
zerohedge.com Philadelphia Fed Admits US Payrolls Overstated By At Least 800,000 The first red flags emerged in the summer of 2022: that's when the Biden Labor Department started well and…
US fourth-quarter growth revised higher; labor market still strong
investing.com The U.S. economy grew faster than previously estimated in the fourth quarter, boosted by strong consumer spending and business investment in nonresidential structures like…
Stock Market Today: Dow Jones Dips Ahead Of GDP, Jobless Claims; Apple Falls On Downgrade
investors.com Dow Jones futures and the other major stock indexes were mixed Thursday, as Wall Street reacted to a stronger-than-expected GDP reading for the fourth quarter. Meanwhile,…
Applications for US unemployment benefits dip to 210,000 in strong job market
apnews.com The number of Americans signing up for unemployment benefits fell slightly last week, another sign that the labor market remains strong and most workers enjoy extraordinary…
Futures Dip Ahead Of GDP, Jobless Claims
investors.com Dow Jones futures rose Thursday, while the other major stock indexes fell, as Wall Street reacted to a stronger-than-expected fourth-quarter GDP reading. Meanwhile, tech…
Jobless Claims Come in Lower than Expected
barrons.com Jobless Claims Come in Lower than Expected Jobless claims declined in the week ending March 23 as investors gear up for a week filled with labor market data ahead. Claims of…
U.S. inflation accelerates again, raising the stakes for the Fed and Joe Biden
financialpost.com WASHINGTON — Consumer prices in the United States picked up last month, a sign that inflation remains a persistent challenge for the Federal Reserve and for President Joe…
The Many Ways A Porous Border Means Crime Without Boundaries
zerohedge.com The Many Ways A Porous Border Means Crime Without Boundaries Authored by James Varney & Abigail Degnan via RealClear Politics, When President Biden’s supporters attacked him…
Trader Joe's changes grocery item price for the first time in 20 years
aol.com For the first time in decades, Trader Joe's has increased the price of its bananas, underscoring how economic pressures are still impacting consumer finances. The grocer,…
Trader Joe's ups the price of bananas after two decades
foxbusiness.com For the first time in decades, Trader Joe's has increased the price of its bananas, underscoring how economic pressures are still impacting consumer finances. The grocer,…
Kids as young as 14 were found working at a Tennessee factory that makes lawn mower parts
yahoo.com Immigrant children as young as 14 were found working illegally amid dangerous heavy equipment at a Tennessee firm that makes parts for lawn mowers sold by John Deere and…
Tennessee factory employing immigrant children young as 14 forced to pay out almost $2M: Labor Department
foxbusiness.com A factory in Tennessee is being forced to pay out close to $2 million after it was discovered to employ immigrant teenagers in "oppressive child labor." Ten children were…
Kids as young as 14 were found working at a Tennessee factory that makes lawn mower parts for John Deere and others
nbcnews.com Immigrant children as young as 14 were found working illegally amid dangerous heavy equipment at a Tennessee firm that makes parts for lawn mowers sold by John Deere and…
Futures: Donald Trump Stock Set To Debut
investors.com Dow Jones futures, along with S&P 500 futures and Nasdaq 100 futures, were modestly higher ahead of Tuesday's stock market open. Artificial intelligence leader Nvidia (NVDA)…
Opening Bell: 3.8.24
dealbreaker.com Biden Targets Big Business and Billionaires [NYT]Among the areas that could rankle business leaders: a call to raise the minimum tax on multinationals to 21 percent. This…
Tennessee Company Hired Children to Operate ‘Dangerous’ Machinery, Officials Say
nytimes.com A Tennessee manufacturer has been fined nearly $300,000 for employing children as young as 14 to operate “dangerous machinery” and requiring them to work more hours than the…
Tennessee company fined $300,000 for hiring kids to run heavy machinery
washingtonpost.com A Tennessee manufacturer was fined nearly $300,000 for employing minors to operate dangerous equipment, the Labor Department announced Monday. Tuff Torq Corp., which makes…
Stock Market Today: Dow Jones Drop As Intel, AMD Sell Off; Tesla Stock Slides On Downgrade
investors.com Dow Jones futures and other major indexes dropped Monday, as Intel (INTC) and Advanced Micro Devices (AMD) sold off after China blocked the use of their chips in the…
Futures Drop As These 2 Chip Giants Tumble
investors.com Dow Jones futures and other major indexes dropped Monday, as Intel (INTC) and Advanced Micro Devices (AMD) sold off after China blocked the use of their chips in the…
Walmart price increases slammed by former Labor Secretary
newsweek.com Walmart's price increases have been slammed by a former U.S. labor secretary, who accused the retailer of driving inflation by engaging in "price gouging." Robert Reich, a…
Job growth is booming across the U.S. but not in California. Here's why
latimes.com President Joe Biden delivers his State of the Union address to a joint session of Congress, at the Capitol in Washington, Thursday, March 7, 2024. (AP Photo/J. Scott…
U.S. Employers Add 275,000 Jobs in Another Strong Month
nytimes.com If the economy is slowing down, nobody told the labor market. Employers added 275,000 jobs in February, the Labor Department reported Friday, in another month that exceeded…
"Women's work" could soon be officially measured in government data
axios.com The Labor Department might soon start tracking an often overlooked part of the economy: "women's work." Why it matters: Unpaid household labor like child care, laundry or…
Stock market today: Apple and futures edge up, but Reddit set to lose ground after first-day surge
aol.com None Existing home sales, jobless claims, and leading economic indicators were better than expected. • None Apple rose in premarket trading after slumping on Thursday, while…
Applications for U.S. unemployment benefits dip to 210,000, another sign the job market is strong
abcnews.go.com The number of Americans signing up for unemployment benefits fell slightly last week, another sign that the labor market remains strong and most workers enjoy extraordinary…
24 States Oppose Proposed Labor Department DEI Rule For Apprenticeships
zerohedge.com 24 States Oppose Proposed Labor Department DEI Rule For Apprenticeships Authored by Chase Smith via The Epoch Times, A coalition of 24 states led by Tennessee is opposing a…
Applications for US unemployment benefits dip to 210,000, another sign the job market is strong
aol.com The number of Americans signing up for unemployment benefits fell slightly last week, another sign that the labor market remains strong and most workers enjoy extraordinary…
U.S. weekly unemployment claims unexpectedly fall, suggesting job growth remains strong
theglobeandmail.com The number of Americans filing new claims for unemployment benefits unexpectedly fell last week, suggesting that job growth remained strong in March. Initial claims for…
Uber rallies Minneapolis riders to demand action from lawmakers on minimum wage rule
foxbusiness.com Uber is calling on riders to urge Minnesota lawmakers to pass statewide legislation that would pave the way for the return of ride-share services in Minneapolis and…
The Federal Reserve didn’t raise rates: Take these 11 steps now
aol.com None Even though the Federal Reserve hasn’t touched interest rates since July, consumers are still feeling the impact of higher interest rates, with mortgage rates, auto…
'Gig Economy' Corporations Shouldn't Get a Free Pass To Exploit Workers
newsweek.com The U.S. Labor Department recently finalized a rule that reinforces the Fair Labor Standards Act (FLSA)—our federal law establishing a federal minimum wage, a right to an…
5 things to know about the Fed’s March rate decision
thehill.com The Federal Reserve is expected to hold steady Wednesday after a run of strong economic data delayed the central bank’s plans to cut interest rates this year. The Fed closed…
GOP state attorneys push back on Biden's proposed diversity rules for apprenticeship programs
apnews.com A Biden administration plan to promote diversity and equity in workplace apprenticeship programs is facing pushback from Republican attorneys general in two dozen states who…
Inflation remains a headache for small business owners
apnews.com Inflation remains small businesses' chief worry, according to a new survey showing their optimism fell in February. The National Federation of Independent Businesses'…
6 key ways the Federal Reserve impacts your money
aol.com None The Federal Reserve's decisions on interest rates significantly impact the economy, affecting everything from the costs consumers and businesses pay to borrow money to…
Saudi Aramco CEO says it’s time to abandon the ‘fantasy’ of phasing out oil because the $9.5 trillion energy transition is on a ‘road to nowhere’
aol.com The boss of the world's biggest oil producer has called time on the energy transition, saying it's time for policymakers to focus on affordability and lowering emissions…
Saudi Aramco CEO says it's time to abandon the 'fantasy' of phasing out oil
fortune.com The boss of the world’s biggest oil producer has called time on the energy transition, saying it’s time for policymakers to focus on affordability and lowering emissions…
Wages in the US are falling at a 'striking' pace, Indeed says
foxbusiness.com U.S. wage growth has slowed sharply over the past year and is getting closer to returning to its pre-pandemic level, according to new data from career site Indeed. The wage…
Labor Department Cuts 167,000 Jobs From December and January Payrolls
barrons.com The Labor Department made significant reductions to the previously reported outsize payroll gains in December and January. The department cut 124,000 payroll gains from the…
U.S. economy faces 1970s-style stagflation as inflation sticks around
finance.yahoo.com The U.S. economy is sinking into a 1970s-style dilemma where inflation sticks around but the economy cools — and investors are ignoring it at their own peril, according to a…
Tyson Foods Hiring Illegal Migrants In New York, Wants More: ‘They’re Very, Very Loyal’
dailywire.com Tyson Foods is hiring a number of illegal immigrants who have recently arrived in New York. Tyson, which is known for its chicken products and owns brands like Jimmy Dean…
Things to know about Uber and Lyft saying they will halt ride-hailing services in Minneapolis
abcnews.go.com Lyft and Uber have said they will halt operations in Minneapolis because of a new city ordinance that increases wages for app-based drivers Things to know about Uber and…
Slowing import price growth could stem overall inflation
marketplace.org Inflation seems to be taking its sweet time coming down to the Federal Reserve’s 2% target. The consumer price and producer price index reports this week both showed that…
The Important Details of This Week’s Inflation Reports
investorplace.com Let’s review three very important economic reports from this week Last week, we were given a reprieve from major economic data; the fourth-quarter earnings season was nearly…
This week provided a reminder that inflation isn't going away anytime soon
cnbc.com From consumer and wholesale prices to longer-term public expectations, reports this week served up multiple reminders this week that inflation isn't going away anytime soon.…
Fed gets more reasons to delay interest-rate cuts
bostonherald.com Molly Smith | (TNS) Bloomberg News Fresh data on inflation and unemployment filings gave Federal Reserve officials more reasons to hold off on cutting interest rates, even…
The shrinking federal government
marketplace.org The campaign to shrink the federal government is working, in Washington, D.C., at least. We got new statistics this week on employment from the Labor Department. Turns out,…
The economy was just hit with a one-two punch of bad data
finance.yahoo.com The mighty American consumer has shrugged off months, even years of recession predictions from top economists and Wall Street CEOs. Facing the hottest inflation in 40 years,…
US inflation up again in February in latest sign that price pressures remain elevated
abcnews.go.com Consumer prices in the United States picked up last month, a sign that inflation remains a persistent challenge for the Federal Reserve and for President Joe Biden’s…