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The Latest Breaking News from Labor Department

Dollar Tree and Family Dollar agree to pay fine and improve worker safety

Labor Department officials cited issues at the stores including blocked exits, unsafe storage of materials and improper access to fire extinguishers and electrical panels.

Chicago Sun-Times

Labor Dept. Cuts Job Gains By 306,000; S&P 500 Rallies Ahead Of Fed Chair Powell's Big Speech

A cut to reported job gains and a signs of economic slowing helped lift the S&P 500 ahead of Federal Reserve Chair Jerome Powell's big Friday speech.

Investors Business Daily

US applications for jobless benefits fall to 2-month low

U.S. applications for unemployment benefits fell last week to the lowest level in two months, suggesting resilient demand for workers amid a moderation in job gains.

Tribune News Service

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Cryptocurrencies Trade In Red As U.S. Jobs Data Surprises Market

ADP private employment report shows significant job gains, impacting crypto prices.

Zenger

Dow Jones Dives 450 Points On Strong Jobs Data; Cathie Wood Sells Tesla, Buys Meta

The Dow Jones Industrial Average dived 450 points Thursday on strong jobs data. Cathie Wood sold Tesla stock and purchased Meta shares.

Investors Business Daily

Dow Jones Futures Fall: Stock Market Rally At 2023 Highs As Tesla Surges; Pivotal Jobs Report Looms

Dow Jones futures fall: The stock market rally is at 2023 highs. Tesla stock surged, as a pivotal jobs report looms Friday.

Investors Business Daily

House Republican introduces bill opposing ESG in retirement funds

Congressman Andy Barr (R-Ky.) introduced a bill on June 21 opposing the Biden Labor Department’s rule allowing the use of ESG in retirement plan investments. Both chambers recently passed a Congressional Review Act (CRA) resolution overturning the Labor Department rule, but President Joe Biden (D) vetoed that legislation. Congressman Barr…

Ballotpedia

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House Republican introduces bill opposing ESG in retirement funds

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

Dow Jones Rallies 350 Points After Strong Jobs Report; Lululemon Surges 15% On Earnings

The Dow Jones rallied 350 points Friday after a strong May jobs report. Lululemon surged 15% on strong earnings late Thursday.

Investors Business Daily

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

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

Firm that hired kids to clean meat plants keeps losing work

The slaughterhouse cleaning company that was found to be employing more than 100 children to help sanitize dangerous razor-sharp cutting equipment has continued to lose contracts with the major meat producers since the investigation became public last fall

The Independent UK

US recurring jobless claims jump to highest since November 2021

Recurring U.S. unemployment benefit claims jumped to the highest level since November 2021, indicating some softening in the labor market.

Tribune News Service

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Tribune News Service

House attempt to override Biden comes up short

WASHINGTON — House Republicans came up short in their effort to override the first veto of President Joe Biden’s presidency, meaning Labor Department regulations permitting consideration of environmental, social and governance (ESG) factors in investing will stand.

Roll Call

House attempt to override Biden comes up short - Roll Call

A regulation allowing pension managers to weigh ESG factors will stand, after the House did not override Biden's veto.

Ballotpedia

Biden vetoes Congressional Review Act resolution that aimed to block ESG retirement plan rule

Tribune News Service

Biden’s first veto backs pension investments that consider social and environmental factors

WASHINGTON — President Joe Biden issued the first veto of his presidency Monday, keeping in place a Labor Department regulation allowing retirement plans to consider environmental and social factors in their investment decisions.

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Axios

Biden issues first veto on anti-ESG investing legislation

Conservative groups have derided ESG as "woke capitalism" and have set out to dismantle it.

The Independent UK

Biden issues first veto, defending Labor Dept. 'ESG' rule

President Joe Biden has issued the first veto of his presidency as he seeks to block Republican-led efforts in Congress to overturn a Labor Department rule allowing retirement plans to consider environmental, social and governance factors when making investment decisions

Roll Call

Biden’s first veto backs pension investments in ESG - Roll Call

President Joe Biden vetoed an attempt to block pension investment managers from weighing environmental and social justice factors.

The Independent UK

5 key takeaways from the February US jobs report

The American job market has once again confounded expectations

Investors Business Daily

Dow Jones Rises 175 Points On Surprise Jump In Jobless Claims; Bitcoin Drops As Crypto Bank Silvergate Crashes 40%

The Dow Jones rose Thursday after jobless claims data. Bitcoin dropped, as crypto bank Silvergate Capital crashed 50% on liquidation.

Ballotpedia

Congress rejects ESG in retirement plans

Axios

The investing rule expected to force Biden's first veto

Democratic Sens. Jon Tester and Joe Manchin bucked their own party and joined Republicans to pass the bill.

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