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.
Category: Labor Department (US)
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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.
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Julie Su Faces Senate Fight as Labor Dept. Nominee
Business groups are critical of the candidate, Julie Su, and key senators are wavering. The administration’s labor policies are central to the clash.
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Job Openings Fell in February, JOLTS Report Shows
The data shows the job market continues to ease off its red-hot pace, but there are still more openings than unemployed workers in the country.
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Jobs Report to Offer Fresh Reading on Labor Market’s Tenacity
The New York Times – Business:After a blockbuster opening to the year, economists expect the February data to show the return of a gradual slowdown in hiring.
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Jobs Report to Offer Fresh Reading on Labor Market’s Tenacity
The New York Times – Business:After a blockbuster opening to the year, economists expect the February data to show the return of a gradual slowdown in hiring.
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Job Openings Fell Slightly in January; Layoffs Rose
The New York Times – Business:The monthly data points to a cooling in the frenetic pace of hiring even as the labor market remains strong.
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You’re Now a ‘Manager.’ Forget About Overtime Pay.
The New York Times – Business:New evidence shows that many employers are mislabeling rank-and-file workers as managers to avoid paying them overtime.
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Biden Nominates Julie Su as U.S. Labor Secretary
The New York Times – Business:President Biden’s choice to lead the Labor Department is the deputy to the incumbent, Martin J. Walsh, who is leaving the administration.
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Packer Sanitation Fined for Illegally Employing More Than 100 Children, Labor Officials Say
The New York Times – Business:Packers Sanitation Services Inc. paid a $1.5 million penalty this week for employing children as young as 13 in dangerous jobs at meat-processing plants.
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Biden Labor Secretary to Depart to Run N.H.L. Players Union
The New York Times – Sports:Martin J. Walsh, a former mayor of Boston, was regarded as an unusually visible labor secretary.