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The Latest Breaking News from Labor Department

Fewer Americans file for jobless benefits again last week

The number of Americans applying for unemployment benefits fell again last week to a four-month low even as the Federal Reserve continues its aggressive interest rate cuts to bring inflation under control

The Independent UK

Biden says tentative railway labor deal has been reached, averting a strike

President Joe Biden said Thursday a tentative railway labor agreement has been reached, averting a potentially devastating strike before the pivotal midterm elections.

WEKU

Dow Drops More Than 1,000 Points, Akero Therapeutics Shares Spike Higher

U.S. stocks traded sharply lower toward the end of trading, following the release of inflation data for August.

Benzinga

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3 Pros On What 8.3% CPI Inflation Number Means For The Fed: 'A Strategic Error Of Epic Proportions'

The Labor Department on Tuesday reported an 8.3% year-over-year increase in the consumer price index for August, which sent the SPDR S&P 500 (NYSE: SPY) and the Invesco QQQ Trust (NASDAQ: QQQ) spiraling lower.

Benzinga

Nasdaq Tumbles 500 Points, Crude Oil Down Over 1%

U.S. stocks extended losses midway through trading, following the release of inflation data for August

Benzinga

US Stocks Open Lower After Inflation Report, Dow Dips 700 Points

U.S. stocks traded sharply lower this morning, following the release of inflation data for August

Benzinga

US Stocks Turn Higher, Nasdaq Jumps 100 Points

U.S. stocks turned higher midway through trading, with the Nasdaq Composite gaining around 100 points on Thursday.

Benzinga

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Dow Drops 100 Points; US Jobless Claims Fall Further Last Week

U.S. stocks traded mostly lower this morning, with the Dow Jones dropping 100 points on Thursday.

Benzinga

Fewer Americans apply for jobless aid last week

Fewer Americans filed for unemployment benefits last week as the labor market remains continues to remain strong despite decades high inflation

The Independent UK

Jobs report shows supply returning even as Fed focuses on demand

The August U.S. jobs report contained hints of a long-awaited increase in labor supply. The big question for the central bank is whether that can continue even as it attempts to engineer an economic slowdown.

Tribune News Service

EXPLAINER: 5 key takeaways from the August jobs report

The nation’s job market last month delivered just what the Federal Reserve and nervous investors hoped for: A Goldilocks-style hiring report

The Independent UK

Hot Wage Growth, 'Encouraging' Jobs Data: 5 Experts React With Interest Rates Hanging In The Balance

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

Benzinga

US employers add 315,000 jobs as more workers join labor force

U.S. employers added a healthy number of jobs in August and a steady stream of people entering the workforce lifted the unemployment rate, suggesting some easing in the tight labor market and offering mixed implications for the Federal Reserve.

Tribune News Service

The economy added 315,000 jobs, showcasing a labor market that is still strong

U.S. employers added 315,000 jobs in August, while the unemployment rate rose to 3.7% from 3.5% in July. A tight job market gives workers more bargaining power, but it may also fuel inflation.

WEKU

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The Philadelphia Inquirer

Selling the farm: Why one South Jersey farmer decided to call it quits

Men in muddy boots gathered under a drab December sky last year, eyeballing the tractor tires and soil tillers, whole fields full of farm equipment the Marino family was auctioning off in Swedesboro, New Jersey.

The Independent UK

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

Al Jazeera

US jobless claims increase for second straight week

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

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The Independent UK

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.

WEKU

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.

Benzinga

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.

WEKU

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%.

The Independent UK

As recession fears grow, strong US hiring is likely slowing

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

Al Jazeera

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.

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