Some economists are playing down the chances of an economic downturn. But investors and voters aren’t feeling nearly as optimistic.
Category: Labor Department (US)
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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.
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U.S. Economy Adds 209,000 Jobs in June as Pace of Hiring Cools
Hiring slowed last month, a sign that the Federal Reserve’s inflation-fighting campaign is taking hold. But with rising wages and low unemployment, the labor market remains resilient.
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Why a Strong Jobs Report Could Rattle the Stock Market
Economists have forecast that employers created 225,000 jobs last month. A bigger-than-expected number could complicate the Federal Reserve’s efforts to tame inflation.
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Job Openings Dipped in May, a Sign of Continued Cooling
Hiring was largely unchanged, and the number of workers quitting their jobs increased. The data will be watched closely by Federal Reserve policymakers.
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California Taqueria Used ‘Priest’ to Intimidate Workers, Labor Department Says
A Sacramento restaurant that was under investigation for wage theft brought in a man who claimed to be a priest to hear confession. Employees said he asked almost exclusively about work.
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U.S. Job Growth Remains Strong Despite Economic Clouds
Employers added 339,000 workers in May, the Labor Department said, though the report also offered signs of shakiness.
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Job Openings Rose in April, Defying Cooling Trend
The Labor Department report may put pressure on the Federal Reserve to raise interest rates further to stem inflation.