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The Latest Breaking News from Labor Department

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

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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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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 Philadelphia Inquirer

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

The Independent UK

US jobless claims increase for second straight week

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

Al Jazeera

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.

The Independent UK

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.

WEKU

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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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The Independent UK

Applications for US jobless claims up again last week

More Americans applied for jobless benefits last week as the number of unemployed continues to rise modestly, though the labor market remains one of the strongest parts of the U.S. economy

The Independent UK

Asian stocks higher as US-China tensions rise

Asian stock markets are mostly higher as traders watch for signs trade might be disrupted by U.S.-Chinese tensions over an American lawmaker’s visit to Taiwan

Ballotpedia

Economy and Society, August 2, 2022: Governor DeSantis bans ESG criteria in state pension fund management

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.

The Independent UK

U.S. job openings slid to 10.7 million in June

American employers posted fewer job openings in June as the economy contends with raging inflation and rising interest rates

Tribune News Service

Why a Sacramento-area restaurant owner brought in a priest to talk to his workers

Last November, a few weeks after the U.S. Department of Labor had notified owners of Taqueria Garibaldi restaurants in the Sacramento area that it had evidence of overtime and record-keeping violations, one of the chain’s owners showed up at the Howe Avenue eatery with a priest, the government says.

WEKU

Millions of Americans have long COVID. Many of them are no longer working

An estimated 4 million workers in the U.S. are struggling to work due to debilitating symptoms from long COVID. The government is urging employers to provide accommodations to keep them on the job.

The Independent UK

Fewer Americans applied for jobless benefits last week

Fewer Americans applied for jobless benefits last week, but the previous week’s number was revised upward significantly, with claims breaching the 250,000 level in back-to-back weeks for the first time in more than eight months

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