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The Latest Breaking News from Labor Department

Dow Jones Climbs After Jobless Claims Rise; Google Stock Surges After Gemini AI Model

The Dow Jones climbed Thursday after the Labor Department's jobless claims. Google stock surged after unveiling its Gemini AI model.

Investors Business Daily

10-Year Treasury Yield Sinks As Job Openings Dive; Nasdaq Gains

The 10-year Treasury yield fell to a 3-month low after Labor Department data showed that job openings dived in October. The Nasdaq composite rallied.

Investors Business Daily

‘It should never have happened’: death of boy, 16, at sawmill highlights rise of child labour in US

Michael Schuls died after getting trapped in dangerous machinery at a mill in Wisconsin. But across the US conservative groups are pushing to loosen laws that protect children in the workplace

The Guardian - UK

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Dow Jones Falls After Jobless Claims; Cisco, Walmart Dive On Earnings

The Dow Jones fell after the Labor Department's initial jobless claims. Cisco Systems and Walmart dived on earnings reports.

Investors Business Daily

Dow Jones Rallies On Weak Jobs Report; Apple Stock Slides On Earnings

The Dow Jones rallied Friday on the Labor Department's weaker-than-expected October jobs report. Apple stock slid on earnings.

Investors Business Daily

Federal court rules in favor of Biden ESG retirement rule

Judge Matthew J. Kacsmaryk of the United States District Court for the Northern District of Texas issued a ruling on Sept. 21 refusing to block the Biden Labor Department’s investment rule allowing ESG considerations in retirement plans governed by the Employee Retirement Income Security Act of 1974 (ERISA). Texas and…

Ballotpedia

Top US poultry producers face federal investigation over claims of child migrants cleaning slaughterhouses

‘We are long past the day when brands can say that they don’t know that they have child labor in their supply chain,’ the chief legal officer for the Labor Department said

The Independent UK

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Federal court rules in favor of Biden ESG retirement rule

Economy and Society is Ballotpedia’s weekly review of the developments in corporate activism; corporate political engagement; and the environmental, social, and corporate governance (ESG) trends and events that characterize the growing intersection between business and politics.

Ballotpedia

Labor Department to give overtime protection to salaried workers - Roll Call

The Labor Department is proposing to make it more costly for employers to avoid paying overtime by making workers salaried employees.

Roll Call

Dollar Tree and Family Dollar agree to pay fine and improve worker safety

Labor Department officials cited issues at the stores including blocked exits, unsafe storage of materials and improper access to fire extinguishers and electrical panels.

Chicago Sun-Times

Labor Dept. Cuts Job Gains By 306,000; S&P 500 Rallies Ahead Of Fed Chair Powell's Big Speech

A cut to reported job gains and a signs of economic slowing helped lift the S&P 500 ahead of Federal Reserve Chair Jerome Powell's big Friday speech.

Investors Business Daily

US applications for jobless benefits fall to 2-month low

U.S. applications for unemployment benefits fell last week to the lowest level in two months, suggesting resilient demand for workers amid a moderation in job gains.

Tribune News Service

Cryptocurrencies Trade In Red As U.S. Jobs Data Surprises Market

ADP private employment report shows significant job gains, impacting crypto prices.

Zenger

Dow Jones Dives 450 Points On Strong Jobs Data; Cathie Wood Sells Tesla, Buys Meta

The Dow Jones Industrial Average dived 450 points Thursday on strong jobs data. Cathie Wood sold Tesla stock and purchased Meta shares.

Investors Business Daily

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Investors Business Daily

Dow Jones Futures Fall: Stock Market Rally At 2023 Highs As Tesla Surges; Pivotal Jobs Report Looms

Dow Jones futures fall: The stock market rally is at 2023 highs. Tesla stock surged, as a pivotal jobs report looms Friday.

Ballotpedia

House Republican introduces bill opposing ESG in retirement funds

Congressman Andy Barr (R-Ky.) introduced a bill on June 21 opposing the Biden Labor Department’s rule allowing the use of ESG in retirement plan investments. Both chambers recently passed a Congressional Review Act (CRA) resolution overturning the Labor Department rule, but President Joe Biden (D) vetoed that legislation. Congressman Barr…

Ballotpedia

House Republican introduces bill opposing ESG in retirement funds

Economy and Society is Ballotpedia’s weekly review of the developments in corporate activism; corporate political engagement; and the Environmental, Social, and Corporate Governance (ESG) trends and events that characterize the growing intersection between business and politics.

Investors Business Daily

Dow Jones Rallies 350 Points After Strong Jobs Report; Lululemon Surges 15% On Earnings

The Dow Jones rallied 350 points Friday after a strong May jobs report. Lululemon surged 15% on strong earnings late Thursday.

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The Street

Stocks Nudge Higher, More Jobs Data, Salesforce Slides, Nordstrom Surges, Broadcom On Deck - 5 Things To Know

Stock futures nudge higher on debt ceiling deal relief; ADP jobs data in focus as markets look to Friday payrolls; Salesforce slides after sluggish revenue growth, muted near-term outlook; Nordstrom surges after surprise Q1 profit, margin improvement and Broadcom earnings on deck as chipmaker rides AI demand wave.

The Street

Jobs Report Shows 253,000 Net Gain Unemployment Rate Falls to 3.4%; Stocks Surge

The Labor Department trimmed prior job growth estimates, but said 253,000 new hires were added to the economy last month.

The Independent UK

10-year-old children found working at three McDonalds in Kentucky

Federal officials say two 10-year-olds are among the 300 children who worked at a McDonald’s restaurants in Kentucky with no or little pay

Fortune

Two 10-year-old kids found working at a Louisville McDonald’s until 2 a.m.—for no pay

The Labor Department found more than 300 minors working illegally at McDonald’s restaurants operated by three franchisees.

The Independent UK

McDonald’s franchises fined for child labor violations

Federal officials say two 10-year-olds are among the 300 children who worked at a McDonald’s restaurants in Kentucky with no or little pay

The Independent UK

Firm that hired kids to clean meat plants keeps losing work

The slaughterhouse cleaning company that was found to be employing more than 100 children to help sanitize dangerous razor-sharp cutting equipment has continued to lose contracts with the major meat producers since the investigation became public last fall

Tribune News Service

US recurring jobless claims jump to highest since November 2021

Recurring U.S. unemployment benefit claims jumped to the highest level since November 2021, indicating some softening in the labor market.

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People

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