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The Latest Breaking News from Bureau of Labor Statistics

What January's CPI may reveal about inflation

There are some warning signs the pathway toward low inflation may be bumpier than advertised.

Axios

Michigan Democrats seek to repeal law prohibiting public employees from being required to pay union fees

Fifty-one Democratic members of the Michigan House of Representatives and all 20 Democratic senators are sponsoring companion bills that would repeal a section of law prohibiting public employees from being required to pay union fees.

Ballotpedia

US adds 517,000 jobs in January as Federal Reserve raises interest rates

Comes as Biden and McCarthy begin debt ceiling negotiations

The Independent UK

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Trump and His Lawyer Fined Nearly $1 Million Over 'Frivolous' Suit Against Clinton, Comey, and Democrats

Plus: Criminalizing light projections onto buildings, immaculate disinflation?, and more...

Reason

Why are eggs still so expensive?

Egg prices jumped 49% in 2022 through November, according to data from the Bureau of Labor Statistics, and costs are expected to remain high through the first quarter of 2023, CNN and CNBC report.

Tribune News Service

Diversity of US workplaces is growing in terms of race, ethnicity and age – forcing more employers to be flexible

Increased immigration, longer life expectancy and a decline in birth rates are transforming the U.S. workforce in two important ways. The people powering this nation’s economy include far more people of color and workers over 55 than was the case four decades ago.

The Conversation

As tech companies make cuts, will other industries follow? Here’s what to know about jobs in 2023

Mary Hainds had been working in sales at a small construction technology startup for about six months before she was laid off in October. In the weeks that followed, she interviewed for other tech sales jobs in earnest and received job offers.

Chicago Tribune

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Move on from COVID? Child care disruptions continue

For working parents of young children, it seems the rest of the world has moved on from the pandemic

The Independent UK

In Your Debt: 4 ways to limit your holiday debt

The holiday season is full of sneaky costs, expensive travel and the pressure to spend

The Independent UK

Many vets are landing jobs, but the transition can be tough

The U.S. is celebrating Veterans Day at a time when the nation is experiencing some of its lowest monthly veteran unemployment rates on record

The Independent UK

Slowing US inflation rate raises hopes cost of living crisis may have peaked

Pound surges and stock markets rebound as US consumer price index drops from 8.2% to 7.7% in October

The Guardian - UK

October Inflation Number Is Incoming Thursday: How The Market Could React

With decades-high inflation becoming the new normal for 2022, investors are watching what the Fed's preferred inflation measure will show when October data is reported later this week. On Thursday, The Bureau of Labor Statistics will release the Consumer Price Index report for the month of October.

Benzinga

US economy adds 261,000 jobs in October, unemployment rises to 3.7 per cent

Labor force participation remains below pre-Covid-19 levels

The Independent UK

Mary McNamara: Worker productivity has fallen, and experts are puzzled. I'm not. We're all just tired

"U.S. workers have gotten way less productive. No one is sure why."

Los Angeles Times

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USAFacts

How do American men and women use time differently?

In 2021, women were still responsible for the majority of childcare and housework across all racial groups and most age groups.

WEKU

The cost of candy is up a scary 13% just in time for Halloween

Dressing up for trick or treat will also cost you. While the Bureau of Labor Statistics doesn't track the price of costumes, the prices of clothing and homemade sewing supplies have risen too.

Benzinga

Hot Inflation Numbers Could Crater Stocks 5% — And Larry Summers Says Prices Aren't Dropping Any Time Soon

The Consumer Price Index (CPI) data for September will be reported on Oct. 13 by the U.S. The Bureau of Labor Statistics. Analysts at JPMorgan Chase & Co and former U.S. Secretary of the Treasury Larry Summers weighed in on what is happening and what could happen.

Reason

Americans Are Losing Their Work Ethic

Even reduced immigration and job openings for miles aren't luring America's ever-growing workforce dropouts back in.

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news in one place.

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The Conversation

Why Apple can hold the line on iPhone prices, as smartphones defy soaring inflation and keep getting relatively cheaper

Inflation in the U.S. is surging to near a 40-year high, with prices on food, fuel and pretty much everything seeming to rise more every month.

Axios

Two U.S. inflation rates: Bad and worse

It’s worse than 8.3% in parts of key Senate battleground states.

The Independent UK

Inflation eases for second month in a row but remains high at 8.3%

‘Overall, prices have been essentially flat in our country these last two months,’ Joe Biden says

Tribune News Service

Commentary: Women shouldn’t do any more housework this year

Women spend 47 minutes more on housework on average than men each day, according to the Bureau of Labor Statistics. That adds up to roughly 5 ½ hours each week, and that’s not including child care, grocery shopping or errands, which the BLS classifies in other categories and of which…

The Guardian - US

Research says that your 40s are your unhappiest age. It’s worse for millennials

I was already glum about soon turning 40. Then I learned that happiness is U-shaped – it bottoms out in your 40s, then starts to inch its way up again in your 50s

USAFacts

What’s in the recently passed CHIPS Act?

The CHIPS Act contains more than $50 billion to support the domestic semiconductor industry.

The Independent UK

Joe Biden’s approval rating ticks up to its highest level since June in new poll

Comes as Biden signs a series of legislation.

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People

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