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The Latest Breaking News from Labor Department

Fewer Americans claim jobless benefits last week

Fewer Americans filed for unemployment benefits last week as the labor market continues to stand out as one of the strongest segments of the U.S. economy

The Independent UK

Fewer Americans file for jobless benefits last week

Slightly fewer Americans filed for unemployment benefits last week as the labor market continues to be the strongest segment of the U.S. economy

The Independent UK

US jobless claims increase for second straight week

Unemployment claims remain close to the highest level since last November, the Labor Department said.

Al Jazeera

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US unemployment claims rise by 14,000 to 262,000

The number of Americans who signed up for unemployment benefits rose last week to the highest level since November, though the U.S. job market continues to show signs of strength

The Independent UK

AP News Digest 3:15 am

Here are the AP’s latest coverage plans, top stories and promotable content. All times EDT. For up-to-the minute information on AP’s coverage, visit Coverage Plan at https://newsroom.ap.org.

The Independent UK

Inflation is cooling thanks to gas prices, but many things still cost a lot more

Falling gasoline prices put a dent in the July inflation rate, which fell to 8.5% from 9.1% in June. But other costs such as housing continue to climb, putting a strain on many family budgets.

WEKU

Bombshell Jobs Report: All Pandemic Jobs Lost Restored, Flipping Recession Script And Fueling Inflation, Fed Fears

The SPDR S&P 500 ETF Trust (NYSE: SPY) traded lower by 0.8% Friday morning after the Labor Department reported encouraging U.S. jobs market numbers from July.

Benzinga

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The job market got even better, in a surprisingly positive sign for the economy

U.S. employers added 528,000 jobs in July, showing the labor market remains strong, despite high inflation and softening economic growth. The unemployment rate fell to 3.5%.

WEKU

As recession fears grow, strong US hiring is likely slowing

The American job market has defied raging inflation, rising interest rates, growing recession fears

The Independent UK

US jobless claims climb again, near highest since November

Unemployment claims have been on the rise the last few months, perhaps signaling a slowing labour market.

Al Jazeera

Applications for US jobless claims up again last week

More Americans applied for jobless benefits last week as the number of unemployed continues to rise modestly, though the labor market remains one of the strongest parts of the U.S. economy

The Independent UK

Asian stocks higher as US-China tensions rise

Asian stock markets are mostly higher as traders watch for signs trade might be disrupted by U.S.-Chinese tensions over an American lawmaker’s visit to Taiwan

The Independent UK

Economy and Society, August 2, 2022: Governor DeSantis bans ESG criteria in state pension fund management

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

U.S. job openings slid to 10.7 million in June

American employers posted fewer job openings in June as the economy contends with raging inflation and rising interest rates

The Independent UK

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Tribune News Service

Why a Sacramento-area restaurant owner brought in a priest to talk to his workers

Last November, a few weeks after the U.S. Department of Labor had notified owners of Taqueria Garibaldi restaurants in the Sacramento area that it had evidence of overtime and record-keeping violations, one of the chain’s owners showed up at the Howe Avenue eatery with a priest, the government says.

WEKU

Millions of Americans have long COVID. Many of them are no longer working

An estimated 4 million workers in the U.S. are struggling to work due to debilitating symptoms from long COVID. The government is urging employers to provide accommodations to keep them on the job.

The Independent UK

Fewer Americans applied for jobless benefits last week

Fewer Americans applied for jobless benefits last week, but the previous week’s number was revised upward significantly, with claims breaching the 250,000 level in back-to-back weeks for the first time in more than eight months

The Independent UK

Americans filing jobless claims at highest level in 8 months

The number of Americans applying for unemployment benefits last week rose to its highest level in more than eight months, a sign the labor market may be showing some weakness

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WEKU

The Senate is nearing a deal on immigration that could also lower food prices

Two Senators are closer then ever before on an immigration-related bill that would provide a much-needed workforce for agriculture. But can they get the Farm Bureau on board the final sticking point?

The Independent UK

Wholesale inflation in June surged 11.3% from a year ago

Inflation at the wholesale level climbed 11.3% in June compared with a year earlier, the latest painful reminder that inflation is running hot through the American economy

The Independent UK

AP News Digest 3 am

Here are the AP’s latest coverage plans, top stories and promotable content. All times EDT. For up-to-the minute information on AP’s coverage, visit Coverage Plan at https://newsroom.ap.org.

Tribune News Service

Rents in US rise at fastest pace since 1986, buoying inflation

Rents rose in the U.S. last month at the fastest pace since 1986, helping to propel overall inflation to a fresh four-decade high.

The Independent UK

More Americans apply for jobless aid for 5th straight week

More Americans applied for unemployment benefits last week, and while layoffs remain low, it’s the fifth straight week claims have topped the 230,000 mark

The Independent UK

Slightly fewer Americans apply for jobless claims last week

Slightly fewer Americans applied for unemployment benefits last week, reflecting a still robust job market despite increasing layoffs in some sectors of the economy that have cooled in recent months

The Independent UK

US consumers less confident as anxiety over future grows

U.S. consumers were less confident again in June as persistent inflation and rising interest rates have Americans as pessimistic as they’ve been about the future in almost a decade

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