Interest rate increases have taken the edge off labor demand, but unemployment dipped in November, and wages rose more than expected.
Category: Labor Department (US)
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U.S. Job Openings Dropped in October
The number of openings fell to 8.7 million from 9.3 million in September, the Labor Department said, a sign of continued cooling in the labor market.
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JOLTS Report Shows Job Openings Rose in August
The report from the Labor Department is the latest reading on how the economy is withstanding the escalation of interest rates.
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Tyson and Perdue Are Facing Child Labor Investigations
The Labor Department has opened inquiries into whether migrant children were working inside slaughterhouses owned by the poultry-processing giants.
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Investors Feel Anxious Despite Falling Odds of a Recession
Some economists are playing down the chances of an economic downturn. But investors and voters aren’t feeling nearly as optimistic.
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Wages Rose Only 0.2% in August, Easing Inflation Fears
The August increase was the smallest since early last year, a welcome sign for Federal Reserve policymakers.
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Labor Department Proposes Vast Expansion of Overtime Eligibility
The Biden administration seeks a threshold of about $55,000 in annual pay under which salaried workers must get overtime, up from $35,500.
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Job Openings Dropped in July as Labor Market Cooled
Vacancies fell to 8.8 million, the lowest level since March 2021.
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U.S. Jobs Total 300,000 Less Than in Earlier Data Through March
Revised figures for the year ended in March show 300,000 fewer jobs at the close of the period than previously reported.
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Job Turnover Eased in June as Labor Market Cooled
Openings were little changed, but hiring and quitting both declined.