The Labor Department issued a huge downward revision on jobs figures for the 12 months that ended in March, pointing to greater cracks in the economy.
Category: Labor Department (US)
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While the Public Awaited Jobs Data, Wall Street Firms Got a Look
A report was delayed on the Bureau of Labor Statistics website, but some investors got it in the meantime, raising new questions about agency practices.
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U.S. Added 818,000 Fewer Jobs Than Reported Earlier
The Labor Department issued revised figures for the 12 months through March that point to greater economic fragility.
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What to Make of the Jobs Report’s Mixed Signals
The monthly data is drawn from two surveys. This time, one was quite strong, and the other flashed warning signs.
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U.S. Accuses Hyundai and Two Other Companies of Using Child Labor
The Labor Department filed a lawsuit accusing Hyundai, one of its suppliers and a staffing company of jointly employing a 13-year-old on an auto body parts assembly line in Alabama.
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Jobs Data Revives Wall Street’s Hopes for a Rate Cut
A cooler-than-expected jobs report for April shifted the tone on Wall Street, rekindling investors’ expectations that the Federal Reserve may cut rates soon.
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U.S. Employers Added 175,000 Jobs in April
A less torrid expansion in the job market isn’t necessarily bad news, given that layoffs have remained low and most sectors appear stable.
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What Will It Take for the Fed to Lower Interest Rates?
Stubbornly high inflation has scrambled the central bank’s outlook. Wall Street is now shifting focus to Friday’s jobs report for clues on its next move.
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Job Openings and Hiring Are at a 3-Year Ebb
March data showed a cooling labor market, but layoffs remain low. The overall trend is likely to be welcomed by Federal Reserve policymakers.
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The Way Advisers Handle Your Retirement Money Is About to Change
More investment professionals will be required to act in their customers’ best interest when providing advice about their retirement money.
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Labor Department Proposes New Fiduciary Rule to Protect Investors
The Labor Department’s latest push for a new fiduciary rule would protect investors’ retirement savings and require financial services providers to change.