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The Latest Breaking News from Labor Department

'Stunningly High': Experts React To 8.6% CPI Inflation, Highest In 40 Years

The SPDR S&P 500 ETF Trust SPY (NYSE: SPY) traded lower by 2% on Friday morning after the Labor Department reported an 8.6% increase in the consumer price index in the month, the highest inflation reading in any month since 1981.

Benzinga

Labor Department urged to forgo retirement plans’ climate disclosures

The Labor Department is facing pressure to finish a proposed rule before requiring pension plans to disclose climate risk.

Roll Call

US Adds 390,000 Jobs In May: 'Little Solace In These Numbers'

The SPDR S&P 500 ETF Trust (NYSE: SPY) traded lower by 1% Friday morning after the Labor Department reported strong U.S. jobs market numbers from May.

Benzinga

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US companies add fewest jobs of pandemic recovery, ADP data show

U.S. companies in May added the fewest jobs since the pandemic recovery began, a private report showed, suggesting employers struggled to recruit and retain workers in the month despite a near-record level of job openings.

Tribune News Service

A human-trafficking case exposed farmworker abuses. The government is promising change

In response to a letter from Sen. Jon Ossoff, Homeland Security said it plans to begin the process to create new rules to increase protections for farmworkers.

WEKU

Verizon Bumps Up Wireless Prices Citing Inflation Woes After AT&T

For the first time in two years, Verizon Communications Inc (NYSE:VZ) will raise prices on its wireless bills, helping it shift the burden of higher costs, Bloomberg reports. Industry watchdogs had warned that post-T-Mobile US, Inc's (NASDAQ: TMUS) acquisition of Sprint Corp, there would be fewer wireless competitors, making it easier to raise prices. Implementing higher charges…

Benzinga

Asian shares bounce back, shrugging off inflation concerns

Asian shares have bounced back after losses earlier in the week, shrugging off the latest data showing U.S. wholesale prices soared 11% in April from a year earlier

The Independent UK

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AP News Digest 3:30 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's Momentum Is Still Strong': Experts React To 8.3% CPI Inflation, Higher Than Expected

The SPDR S&P 500 ETF Trust SPY (NYSE: SPY) traded lower by 0.6% on Wednesday morning after the Labor Department reported an 8.3% increase in the consumer price index in the month, indicating inflation remains near 40-year highs.

Benzinga

US inflation slows from 40-year high

Consumer prices jumped 8.3% last month from 12 months earlier, the Labor Department said Wednesday.

Chicago Sun-Times

How low-income people pay the steepest price when inflation hits

The annual inflation rate likely eased somewhat in April, but not enough to meaningfully reduce the burden on lower-income Americans.

WEKU

Inflation may be easing — but low-income people are still paying the steepest prices

The annual inflation rate eased somewhat in April, but not enough to meaningfully reduce the burden on lower-income Americans.

WEKU

Markets Close Turbulent Week On A Down Note

The S&P 500 traded lower in a roller coaster week on Wall Street as investors digested another Federal Reserve interest rate hike and a mixed batch of earnings reports.

Benzinga

US Adds 428,000 Jobs In April: 'Growth With Less Wage Pressure'

The SPDR S&P 500 ETF Trust (NYSE: SPY) traded lower by 0.5% Friday morning after the Labor Department reported strong U.S. jobs market numbers from April.

Benzinga

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The Independent UK

US hiring was likely strong again in April despite inflation

For the past year, America’s job market has run like a well-engineered machine, adding an impressive average of 540,000 workers a month despite a punishing inflation rate, Russia’s ruinous war against Ukraine, a still-risky pandemic, jittery financial markets and the prospect of much higher borrowing costs

The Independent UK

More Americans apply for jobless aid last week

More Americans applied for unemployment benefits last week but the total number of people collecting jobless aid is at its lowest level in more than 50 years

WEKU

Starbucks workers drive nationwide surge in union organizing

Starbucks workers have driven a surge in union election petitions filed with the National Labor Relations Board. Unionizing has also picked up at colleges, non-profits and pot dispensaries.

Benzinga

Morning Brief: Top Financial Stories Dominating on Friday, April 29

CNBC

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Benzinga

Labor Department Concerned About Fidelity's Plan To Include Bitcoin On 401(K) Accounts: WSJ

Fidelity Investments recently became the first major retirement-plan provider to allow investors to include a bitcoin account in their 401(k).

Los Angeles Times

Michael Hiltzik: Senate's rejection of a Labor Department nominee is horrible news for American workers

President Biden's nomination of David Weil as head of the Labor Department's all-important Wage and Hour Division died on April 7 when Weil voluntarily withdrew his name from consideration.

The Independent UK

Producer prices surge 11.2% in March on higher energy costs

The surging cost of energy pushed wholesale prices up a record 11.2% last month from a year earlier — another sign that inflationary pressure is widespread in the U.S. economy

Benzinga

3 Ways To Invest If Inflation Is Here To Stay

The Labor Department reported the consumer price index (CPI) jumped 8.5% year-over-year in March, the highest monthly inflation growth in more than 40 years.

Benzinga

'Probability Of Stagflation Is Increasing': Experts React To 8.5% CPI Inflation, Highest Since 1981

The SPDR S&P 500 ETF Trust SPY (NYSE: SPY) traded higher by 0.9% on Tuesday morning after the Labor Department reported an 8.5% increase in the consumer price index in the month of March, the highest inflation growth since 1981.

The Independent UK

US jobless claims stay at historically low levels last week

Fewer Americans applied for unemployment benefits last week as layoffs remain at historically low levels

Tribune News Service

The Fed tackles inflation: Three possible scenarios for mortgage rates

As mortgage rates surge and everyone awaits the Federal Reserve’s next move, market watchers are fixated on the dramatic rise in consumer prices. Inflation, and the Fed’s response to it, will drive mortgage rates in the coming year.

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