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The Latest Breaking News from Labor Department

US hiring solid while wages cool, giving Fed room to slow hikes

The U.S. labor market stayed strong last month and wage gains cooled, boosting hopes the economy will dodge a recession and giving the Federal Reserve room to slow interest-rate hikes.

Tribune News Service

US hiring solid while wages cool, giving Fed room to slow hikes

The US labor market stayed strong last month and wage gains cooled, reducing risks of a near-term recession and giving the Federal Reserve room to slow interest-rate hikes.

Tribune News Service

Asian shares mostly rise in muted trading on bargain-hunting

Asian shares are mostly higher after Wall Street benchmarks fell on worries that the U.S. Federal Reserve will keep raising interest rates

The Independent UK

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Restaurant Staffers Are Returning to Work After Covid Flight

Restaurants are finally staffing up.

Bangkok Post

A Chick-fil-A that paid workers with sandwiches instead of actual money was just fined by the Department of Labor

“Payment must be made in cash or legal tender,” noted the Labor Department after penalizing the offending Chick-fil-A.

Fortune

Child workers found throughout Hyundai-Kia supply chain in Alabama

A Reuters investigation finds children worked for at least four Alabama parts suppliers to Hyundai and Kia in recent years, with staffing agencies placing migrant minors in plants where regulations ban kids from working.

ABC News

US core inflation slows, giving Fed some breathing room on rates

WASHINGTON — A key gauge of U.S. consumer prices posted the smallest monthly advance in more than a year, indicating the worst of inflation has likely passed and validating an anticipated slowing in the pace of Federal Reserve interest-rate hikes.

Tribune News Service

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Fed to Weigh Higher Rates in 2023 While Slowing Rises This Month

Federal Reserve officials have signaled plans to raise their benchmark interest rate by 0.5 percentage point at their meeting next week, but elevated wage pressures could lead them to continue lifting it to higher levels than investors currently expect.

Bangkok Post

The U.S. gained 263,000 jobs last month. It's good news for workers, but not the Fed

Hiring slowed slightly in November amid rising interest rates. But the U.S. job market remains unusually tight. Employers added 263,000 jobs in November while unemployment held steady at 3.7%.

WEKU

Labor Department finds compromise in ESG investment rule

The Labor Department’s rule to expand environmental, social and governance options for retirement plans is being called a healthy compromise between financial services firms that want clear rules and plan sponsors that feared strict mandates to consider such factors.

Tribune News Service

Applications for jobless benefits declined last week

The number of Americans applying for unemployment benefits came back down last week and continue to hover around levels suggesting the U.S. labor market has been largely unaffected by the Federal Reserve’s aggressive interest rate hikes

The Independent UK

Labor Department finds compromise in ESG investment rule - Roll Call

The Labor Department's ESG rule strikes a compromise between allowing such investment criteria and mandating them.

Roll Call

'Secret, not a secret': Southwestern Minnesota meatpacking towns react to child labor allegations

WORTHINGTON, Minnesota — In a basement office, across the street from the Casey's convenience store and just a block from the high school football field, a sign on the window for PSSI, a meatpacking janitorial service, announces nearly $20 an hour pay.

Tribune News Service

Michael Hiltzik: Thinking of putting crypto in your 401(k)? Think twice

The federal government has some advice for workers contemplating adding bitcoin or another cryptocurrency to their retirement holdings: Don't.

Los Angeles Times

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The Independent UK

Unemployment claims rise to 240,000, highest since August

The number of Americans applying for unemployment benefits rose the highest level since August but still remained low by historic standards

Tribune News Service

US inflation slows more than forecast, gives Fed downshift room

U.S. inflation cooled in October by more than forecast, offering hope that the fastest price increases in decades are ebbing and giving Federal Reserve officials room to slow down their steep interest-rate hikes.

Benzinga

October Inflation Cools To 7.7%, Stocks Sprint Higher: What You Need To Know

The SPDR S&P 500 (NYSE: SPY) is moving higher Thursday morning after the Labor Department reported a 7.7% year-over-year increase in the consumer price index for October.

Benzinga

Nasdaq, S&P 500 Futures Jump As October Inflation Cools Off — Tesla, Rivian, Apple, AstraZeneca In Focus

The U.S.

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Benzinga

Thursday's CPI Inflation Reading Is Critical: Here's What Investors Need To Know

The SPDR S&P 500 ETF Trust (NYSE: SPY) traded lower by 0.7% on Wednesday morning ahead of a critical consumer price index (CPI) inflation reading on Thursday morning.

Benzinga

'Position For A Recovery In The Stock Market': 8 Experts React To October Jobs Report, What It Means For The Fed

The SPDR S&P 500 ETF Trust (NYSE: SPY) traded higher Friday after the Labor Department reported strong U.S. jobs market numbers from October.

Benzinga

US Stocks In For Another Tough Day After Fed Rate Hike As Nasdaq, S&P 500 Futures Fall — Roku, Qualcomm Plunge On Earnings Disappointment

The U.S. index futures are pointing to a lackluster start on Wall Street Thursday, as rate worries linger. On Wednesday, the major averages experienced a bout of volatility in the aftermath of the Fed decision and closed notably lower. The market showed tentativeness in the run up to the Fed…

Bangkok Post

Soaring Inflation Pushes Halloween Candy Prices Scary High

Soaring inflation has already strained home buyers, drivers at the gas pump and people buying plane tickets.

WEKU

A special task force is investigating claims and freezing accounts to determine who legitimately qualifies for the relief money. About $20 billion in unemployment money was stolen by criminals.

Benzinga

'We Remain Open To Negotiations': Did Kremlin Comments Trigger Market Reversal Thursday After Hot CPI Data Sparked Steep Selloff?

Many were surprised to see the markets turn positive on Thursday after the Labor Department reported an 8.2% year-over-year increase in the consumer price index for September, which sent the SPDR S&P 500 (NYSE:

Benzinga

4 Experts On What The 8.2% CPI Print Means For The Fed & The Markets: Could 'Supersize' Rate Hike Spark 'Rude Awakening'?

The Labor Department on Thursday reported an 8.2% year-over-year increase in the consumer price index for September, which sent the SPDR S&P 500 (NYSE: SPY) tumbling lower.

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