The Latest Breaking News from Labor Department

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

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. 

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

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.

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

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.

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.

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.

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.