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The Latest Breaking News from Labor Department

How low-income people pay the steepest price when inflation hits

The annual inflation rate likely eased somewhat in April, but not enough to meaningfully reduce the burden on lower-income Americans.

WEKU

Inflation may be easing — but low-income people are still paying the steepest prices

The annual inflation rate eased somewhat in April, but not enough to meaningfully reduce the burden on lower-income Americans.

WEKU

Markets Close Turbulent Week On A Down Note

The S&P 500 traded lower in a roller coaster week on Wall Street as investors digested another Federal Reserve interest rate hike and a mixed batch of earnings reports.

Benzinga

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US Adds 428,000 Jobs In April: 'Growth With Less Wage Pressure'

The SPDR S&P 500 ETF Trust (NYSE: SPY) traded lower by 0.5% Friday morning after the Labor Department reported strong U.S. jobs market numbers from April.

Benzinga

US hiring was likely strong again in April despite inflation

For the past year, America’s job market has run like a well-engineered machine, adding an impressive average of 540,000 workers a month despite a punishing inflation rate, Russia’s ruinous war against Ukraine, a still-risky pandemic, jittery financial markets and the prospect of much higher borrowing costs

The Independent UK

More Americans apply for jobless aid last week

More Americans applied for unemployment benefits last week but the total number of people collecting jobless aid is at its lowest level in more than 50 years

The Independent UK

Starbucks workers drive nationwide surge in union organizing

Starbucks workers have driven a surge in union election petitions filed with the National Labor Relations Board. Unionizing has also picked up at colleges, non-profits and pot dispensaries.

WEKU

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Morning Brief: Top Financial Stories Dominating on Friday, April 29

CNBC

Benzinga

Labor Department Concerned About Fidelity's Plan To Include Bitcoin On 401(K) Accounts: WSJ

Fidelity Investments recently became the first major retirement-plan provider to allow investors to include a bitcoin account in their 401(k).

Benzinga

Michael Hiltzik: Senate's rejection of a Labor Department nominee is horrible news for American workers

President Biden's nomination of David Weil as head of the Labor Department's all-important Wage and Hour Division died on April 7 when Weil voluntarily withdrew his name from consideration.

Los Angeles Times

Producer prices surge 11.2% in March on higher energy costs

The surging cost of energy pushed wholesale prices up a record 11.2% last month from a year earlier — another sign that inflationary pressure is widespread in the U.S. economy

The Independent UK

3 Ways To Invest If Inflation Is Here To Stay

The Labor Department reported the consumer price index (CPI) jumped 8.5% year-over-year in March, the highest monthly inflation growth in more than 40 years.

Benzinga

'Probability Of Stagflation Is Increasing': Experts React To 8.5% CPI Inflation, Highest Since 1981

The SPDR S&P 500 ETF Trust SPY (NYSE: SPY) traded higher by 0.9% on Tuesday morning after the Labor Department reported an 8.5% increase in the consumer price index in the month of March, the highest inflation growth since 1981.

Benzinga

US jobless claims stay at historically low levels last week

Fewer Americans applied for unemployment benefits last week as layoffs remain at historically low levels

The Independent UK

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Tribune News Service

The Fed tackles inflation: Three possible scenarios for mortgage rates

As mortgage rates surge and everyone awaits the Federal Reserve’s next move, market watchers are fixated on the dramatic rise in consumer prices. Inflation, and the Fed’s response to it, will drive mortgage rates in the coming year.

Benzinga

Markets Close Near Session Highs To Start Q2

U.S. indices closed near session highs Friday as investors continue to weigh Russia-Ukraine developments and the Fed rate hike outlook.

Benzinga

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.

The Independent UK

More Americans apply for jobless benefits; layoffs still low

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

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news in one place.

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Reason

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.

Tribune News Service

What is inflation and what causes it?

Inflation is when the dollars in your wallet lose their purchasing power — either because the money supply has dramatically increased or because prices have surged.

Ballotpedia

Economy and Society: The Labor Department and ESG

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.

Reason

Biden's Dishonest Attempt To Pin Inflation on Putin

The White House's latest attempt to scapegoat rising prices ignores everything that happened before the past three weeks.

Benzinga

'Held Hostage To External Events': Experts React To 7.9% CPI Inflation, Highest Since 1982

The SPDR S&P 500 ETF Trust SPY (NYSE: SPY) traded lower by 1.2% on Thursday morning after the Labor Department reported a 7.9% increase in the consumer price index in the month of February, the largest inflation growth since 1982.

Benzinga

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

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…

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