The Latest Breaking News from Labor Department

US Adds 431,000 Jobs In March: 'Labor Market Dynamics Remain Robust'

The SPDR S&P 500 ETF Trust (NYSE: SPY) traded higher by 0.4% Friday morning after the Labor Department reported lackluster U.S. jobs market numbers from March.

Benzinga · Apr 1, 2022

More Americans apply for jobless benefits; layoffs still low

More Americans applied for unemployment benefits last week, but layoffs remain at historic lows

The Independent UK · Mar 31, 2022

The Biden Administration Is Ignoring How Its Policies Will Worsen Inflation. Again.

In the 1980s, the Reagan administration made changes to the Davis-Bacon Act to help control inflation. The Labor Department is planning to undo them.

Reason · Mar 23, 2022

Economic Data Scheduled For Wednesday

The MBA's index of mortgage application activity for the latest week is scheduled for release at 7:00 a.m. ET. The Labor Department's JOLTS report for January will be released at 10:00 a.m. ET. Job openings are likely to hold steady at 10.900 million in January compared to December's higher-than-expected level…

Benzinga · Mar 9, 2022

How Does The Inflation And Oil Shock Of 2022 Compare To The Late 1970s?

The Labor Department recently reported a 7.5% increase in the consumer price index in the month of January, the fastest inflation growth since 1982. While inflation rates at 40-year highs may seem scary at first glance, economists say today's economic situation is far different than the period of hyperinflation in…

Benzinga · Mar 7, 2022

Labor Department mulls more climate rules for retirement plans

WASHINGTON — The Labor Department signaled it could pursue additional rules to shield retirement savings and pensions from climate-related financial risk, furthering its commitment to ensure plan sponsors consider environmental, social and governance factors in investment decisions.

Tribune News Service · Mar 4, 2022

Labor Department mulls more climate rules for retirement plans - Roll Call

The Labor Department is considering rules for retirement plan sponsors to consider climate change as a risk to their investments.

Roll Call · Mar 3, 2022

As guest workers increase, so do concerns of wage cheating

From 2005 to 2020, U.S. employers around the country were ordered to pay more than $42.5 million in back wages to 69,000 workers who perform seasonal low-wage jobs on guest worker visas

The Independent UK · Mar 2, 2022

'Another Surprise Jump': Experts React To 7.5% CPI Inflation, Highest Since 1982

The SPDR S&P 500 ETF Trust (NYSE: SPY) traded lower by 1.3% on Thursday morning after the Labor Department reported a 7.5% increase in the consumer price index in the month of January, the fastest inflation growth since 1982.

Benzinga · Feb 10, 2022

US Adds 467,000 Jobs In January: 'Good For The Economy, But Not For Markets'

The SPDR S&P 500 ETF Trust (NYSE: SPY) traded lower by 0.2% Friday morning after the Labor Department reported encouraging U.S. jobs market numbers from January.

Benzinga · Feb 4, 2022