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.
Category: Labor Department (US)
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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.
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Migrant Child Labor Debate in Congress Becomes Mired in Immigration Fight
Revelations that migrant children have been exploited for cheap labor brought calls for action, but a partisan battle over immigration policy has complicated lawmakers’ efforts.
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U.S. employers added 253,000 jobs in April.
The unemployment rate fell to 3.4 percent as the labor market showed enduring strength.
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Job Openings Slipped in March as Labor Market Continued Easing
The ratio of open jobs to available unemployed workers fell to the lowest level since October 2021.
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Wages and Prices Slow Unevenly, Reflecting ‘Rocky and Bumpy’ Economy
Key pay and inflation gauges have stayed stubbornly high as Federal Reserve officials consider when to stop raising interest rates.
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Wages Continue to Grow, Good for Workers but a Worry for the Fed
Wages and salaries for workers rose 5.1 percent from a year earlier, which helps employees keep up with the rising cost of living but complicates the Federal Reserve’s efforts to tamp down inflation.
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Wages and Prices Could Show a Cool-Down Before a Fed Meeting
Key wage and inflation gauges released on Friday are expected to moderate, which may give Federal Reserve officials comfort as they consider when to stop raising rates.