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The Latest Breaking News from Bureau of Labor Statistics

The cost of candy is up a scary 13% just in time for Halloween

Dressing up for trick or treat will also cost you. While the Bureau of Labor Statistics doesn't track the price of costumes, the prices of clothing and homemade sewing supplies have risen too.

WEKU

Hot Inflation Numbers Could Crater Stocks 5% — And Larry Summers Says Prices Aren't Dropping Any Time Soon

The Consumer Price Index (CPI) data for September will be reported on Oct. 13 by the U.S. The Bureau of Labor Statistics. Analysts at JPMorgan Chase & Co and former U.S. Secretary of the Treasury Larry Summers weighed in on what is happening and what could happen.

Benzinga

Americans Are Losing Their Work Ethic

Even reduced immigration and job openings for miles aren't luring America's ever-growing workforce dropouts back in.

Reason

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What Is a Lagging Indicator? Definition, Examples & Importance

What Are Lagging Indicators? How Do They Differ From Leading Indicators?In English, the verb “to lag” means to fall behind, and it usually appears with negative connotations. But in finance, lagging indicators are often just as important as leading indicators because they serve as confirmation that ...

The Street

Why Apple can hold the line on iPhone prices, as smartphones defy soaring inflation and keep getting relatively cheaper

Inflation in the U.S. is surging to near a 40-year high, with prices on food, fuel and pretty much everything seeming to rise more every month.

The Conversation

Two U.S. inflation rates: Bad and worse

It’s worse than 8.3% in parts of key Senate battleground states.

Axios

Inflation eases for second month in a row but remains high at 8.3%

‘Overall, prices have been essentially flat in our country these last two months,’ Joe Biden says

The Independent UK

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Commentary: Women shouldn’t do any more housework this year

Women spend 47 minutes more on housework on average than men each day, according to the Bureau of Labor Statistics. That adds up to roughly 5 ½ hours each week, and that’s not including child care, grocery shopping or errands, which the BLS classifies in other categories and of which…

Tribune News Service

Research says that your 40s are your unhappiest age. It’s worse for millennials

I was already glum about soon turning 40. Then I learned that happiness is U-shaped – it bottoms out in your 40s, then starts to inch its way up again in your 50s

The Guardian - US

What’s in the recently passed CHIPS Act?

The CHIPS Act contains more than $50 billion to support the domestic semiconductor industry.

USAFacts

What Is the Bureau of Labor Statistics? Definition, Function & Importance

What Is the Bureau of Labor Statistics? What Does It Do? The Bureau of Labor Statistics, or BLS, is a federal agency that collects and disseminates information about labor, wages, productivity, and prices on behalf of the U.S. government. Its parent organization is the U.S. Department of Labor. ...

The Street

What Are Nonfarm Payrolls? Definition & Economic Importance

What Are Nonfarm Payrolls?The term nonfarm payrolls, broadly defined, refers to the number of jobs in the private sector and in government—be it at the local, state, or federal level—that are added or lost each month. They represent roughly 80 percent of all workers who contribute to gross domestic ...

The Street

Joe Biden’s approval rating ticks up to its highest level since June in new poll

Comes as Biden signs a series of legislation.

The Independent UK

July Inflation Slows to 8.5%, Paring Fed Rate Bets: Stocks Surge

U.S. inflation slowed notably last month, data from the Bureau of Labor Statistics indicated Wednesday, setting the possibility of a pause in Fed rate hikes.

The Street

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Axios

America's inflation problem gets worse

Price increases show no signs of slowing.

Axios

The recovery in government jobs is lagging — by a lot

Governments can’t raise pay as easily as private employers can, and many don’t offer hybrid working options.

Tribune News Service

Activists say Amazon misled shareholders about warehouse working conditions

When the investment firm BlackRock voted against an independent audit of the working conditions at Amazon's warehouses, it was relying on false and misleading information from the company, one activist group is arguing in a new complaint with the Securities and Exchange Commission.

Los Angeles Times

Should we raise unemployment to fight inflation? No, we need to protect jobs no matter what

If economic history teaches us anything, it's that when times get tough, working men and women get targets painted on their back.

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Tribune News Service

How automakers, suppliers are getting creative to woo workers amid labor crunch

FORT WAYNE, Indiana — Ethan Pearl had been searching for a job for almost a year when he walked into General Motors Co.'s on-site hiring event at the truck plant here on a rainy May afternoon.

WEKU

A shortage of health aides is forcing out those who wish to get care at home

Home health care workers are among the lowest paid, shifting the burden of long-term care to aging and overstressed family members or assisted living centers, which are often understaffed themselves.

Benzinga

The Cannabis Business Is Booming – But For Entrepreneurs, Success Requires Diligence

By Matthew VanDerbeck, Partner at UHY According to the Bureau of Labor Statistics, around 70 percent of small businesses fail in the first 10 years. When that small business is in the cannabis sector, the chances of failure are even higher.

USAFacts

Is the Russia-Ukraine conflict causing energy prices to rise?

Our nation, in numbers. USAFacts provides a comprehensive, nonpartisan view of the state of our union.

Benzinga

Analysis: US Adds 678K Jobs In February, But Is More Economic Good News Coming?

The U.S. added 678,000 jobs in February while the national unemployment rate fell to 3.8%, according to data released Friday morning by the U.S. Department of Labor’s Bureau of Labor Statistics (BLS).

The Conversation

Americans are returning to the labor force at a quickening rate – do they just really need the work?

The U.S. economy surprised analysts by adding 467,000 jobs in January, overcoming omicron concerns and continuing a long streak of gains, the Bureau of Labor Statistics reported on Feb. 4, 2022.

France 24

What are the reasons behind the 'Great Resignation' in the US?

It’s been dubbed the "Great Resignation": an unprecedented number of US workers have walked off the job since the start of the Covid-19 pandemic. According to the Bureau of Labor Statistics, the number of Americans quitting their jobs hit a record high 4.5 million in November 2021. The hardest-hit sector…

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