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The Latest Breaking News from the Labor Department

The U.S. added 339,000 jobs in May. It's a stunningly strong number

Employers added a whopping 339,000 jobs in May, far above expectations, according to a report from the Labor Department on Friday. The unemployment rate rose to 3.7%, from 3.4% in April.

WEKU

US inflation down only marginally

WASHINGTON: Consumer inflation in the United States nudged down only slightly in April, the Labor Department said on Wednesday, despite strong efforts to cool the economy and rein in price increases.

Bangkok Post

Inflation stayed high last month, compounding the challenges facing the U.S. economy

Consumer prices in April were 4.9% higher than a year ago, according to the Labor Department. Prices rose 0.4% between March and April.

WEKU

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Why Business Lobbyists Want to Stop Labor Secretary Nominee Julie Su

David Weil, whose 2022 Senate confirmation to a Labor Department post was blocked, says fast food companies, ride-sharing services and nonunion builders fear vigorous enforcement of labor laws.

Capital & Main

In a surprise, the job market grew strongly in April despite high interest rates

The U.S. job market may be getting a second wind. Employers added 253,000 jobs in April, a modest uptick from the month before. The unemployment rate dipped to 3.4%.

WEKU

U.S. labor market booms in April, adding 253,000 jobs

Economists expected a gain of 185,000 jobs last month.

Axios

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

The Independent UK

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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.

Fortune

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

US job openings dip to 9.6 million, lowest since 2021

U.S. job openings fell in March to the lowest level in nearly two years, a sign that the American labor market is cooling in the face of higher interest rates

The Independent UK

A staggering number of Americans are living paycheck to paycheck

A new study conducted by LendingClub and PYMNTS.com found that 60% of Americans are living paycheck to paycheck—and some generations have it worse than others.

Fortune

12-year-olds can't buy cigarettes — but they can work in tobacco fields

Child labor rules in agriculture are looser than those in other industries, even for tasks that are dangerous. For all tobacco laborers, but especially kids, the work can cause nicotine poisoning.

WEKU

Inflation Rate Slows More Than Predicted In March: Markets Rally As The End Of Fed Hike Cycle Looms

The SPDR S&P 500 is volatile after the Labor Department reported a 5% year-over-year increase in the consumer price index

Zenger

US urges meat companies to ensure they don't use child labor

The Biden administration is urging U.S. meat processors to make sure children aren’t being hired illegally to perform dangerous jobs at their plants

The Independent UK

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Barchart

March Nonfarm Payrolls Report: The U.S. Labor Market Remains Strong

What you need to know… On Friday the Labor Department reported March nonfarm payrolls, which showed that the U.S. economy added 236,000 jobs, which was near the 238,000 expectation. The unemployment rate ticked lower to 3.5% from 3.6%. The U.S. stock markets were closed on Friday in honor of the...

The Independent UK

Are inflation pressures easing? Jobs report may offer clues

For more than a year, the Federal Reserve’s inflation fighters have been tightening their grip on the American economy with nine straight interest rate hikes

Axios

Jobless claims aren't as low as they seemed

New seasonally adjusted data implies the job market isn't as extraordinarily tight as was originally implied.

Reason

Biden's First Veto Protects and Promotes ESG

What at first appears to be deregulation is actually economic activism in disguise.

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