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The Latest Breaking News from the Labor Department

The Latest: US import taxes hit levels not seen in nearly 100 years

President Donald Trump began levying higher import taxes on goods from dozens of countries Thursday, just as the economic fallout of his monthslong tariff threats begins to create visible damage to the U.S. economy

The Independent UK

Dow tumbles more than 500 points as job numbers shock Wall Street and tariff 'panic' sets in

Trump, meanwhile, continues to beat the drum against Fed chair Jerome Powell.

Fortune

US Job Growth Weaker Than Expected In July As Unemployment Rises

US job growth missed expectations in July, government data showed Friday, while revisions to hiring figures in recent months brought them to the weakest levels since the Covid-19 pandemic.

International Business Times

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Economy likely created 115,000 jobs in July as labor market loses momentum

The American job market is deteriorating -- ever so slowly

The Independent UK

US job openings fell to 7.4 million last month as job market continues to cool

Employers posted 7.4 million job vacancies last month, a sign that the American job market continues to cool

The Independent UK

Trump's Labor Department proposes more than 60 rule changes in a push to deregulate workplaces

The U.S. Department of Labor is aiming to rewrite or repeal more than 60 “obsolete” workplace regulations adopted under previous presidential administrations

The Independent UK

US producer prices unchanged with wholesale inflation remaining under control

U.S. wholesale inflation cooled last month, despite worries that President Donald Trump’s tariffs would push prices higher

The Independent UK

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US inflation accelerated last month to highest level since February

Inflation rose last month to its highest level in four months as the cost of gas, food, and groceries rose, reversing several months of cooling price pressures

The Independent UK

US job openings in May hit 7.8 million in a continuing display of labor market resilience

U.S. job openings rose unexpectedly in May, a sign that the American labor market remains resilient in the face of high borrowing costs and uncertainty over U.S. economic policy

The Independent UK

Stock futures signal fresh highs as tax cuts advance in Senate while Trump balks at extending tariff deadline

Wall Street will begin a holiday-shortened trading week after the S&P 500 and Nasdaq notched new record highs on Friday.

Fortune

Fewer Americans sought unemployment benefits last week as layoffs remain low

The number of Americans applying for unemployment benefits dropped last week, the Labor Department said Thursday, a sign that companies aren’t cutting many jobs

The Independent UK

U.S. data quality has been declining for years. Now Trump’s cutbacks are leading economists to question its figures

More squishy data could lead to errors for businesses, investors, and even the Federal Reserve.

Fortune

Recurring jobless claims spike to highest level since 2021 at 1.96 million

The numbers indicate unemployed people are taking longer to get back into the job market.

Fortune

US producer prices rise modest 2.6% in May with inflationary pressures still mild

U.S. wholesale prices rose modestly last month from a year earlier, another sign that inflationary pressures remain mild

The Independent UK

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The Independent UK

Inflation data threatened by government hiring freeze as tariffs loom

The Labor Department has cut back on the inflation data it collects because of the Trump administration’s government hiring freeze, raising concerns among economists about the quality of the inflation figures just as they are being closely watched for the impact of tariffs

The Independent UK

US job openings rose in April, signaling resilience in the American labor market

U.S. job openings rose unexpectedly in April, showing that the labor market remains resilient in the face of uncertainty arising from President Donald Trump’s trade wars

Fortune

Dow futures dip as Wall Street weighs likelihood of Trump's latest tariff threat, while U.S. eyes call to resolve China trade snag

The so-called TACO trade will be tested as markets wait to see if Trump will actually follow through with his 50% steel duty or if he will put it on hold soon.

International Business Times

US Consumer Inflation Cooled In April To Lowest Level Since 2021

US consumer inflation cooled slightly in April, figures showed Tuesday, coming in better than expected against a background of President Donald Trump's sweeping tariffs.

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International Business Times

US Hiring Slows Less Than Expected, Unemployment Unchanged

US hiring slowed less than expected in April while the jobless rate remained unchanged, according to government data published Friday, as businesses navigated the early months of Donald Trump's second presidency.

The Independent UK

Judge says labor unions' lawsuit over DOGE access to Labor Department systems can move forward

A federal judge says he won’t dismiss a lawsuit from labor unions seeking to block Elon Musk’s team from accessing systems at the Labor Department

The Independent UK

The Latest: Global tariff battle escalates as China retaliates with 125% tariffs on US goods

China has announced that it will raise tariffs on U.S. goods from 84% to 125%

The Independent UK

US wholesale inflation fell last month as price pressures eased, but trade war clouds outlook

The Labor Department is reporting that its producer price index — which tracks inflation before it hits consumers — was fell 0.4% from February

International Business Times

US Consumer Inflation Cools In March On Falling Gas Prices

US consumer inflation cooled last month on plunging gas prices, according to government data published Thursday, as consumers and businesses waited nervously for President Donald Trump's sweeping tariffs to come into effect.

The Independent UK

Inflation fell last month as gas prices dropped sharply, a sign prices cooling before tariffs

U.S. inflation declined last month as the cost of gas fell, a sign that price growth was cooling even as President Donald Trump ramped up his tariff threats

Fortune

Dow futures drop as report says White House mulls global tariff of up to 20% on nearly all trading partners

Over the weekend, reports said Trump has pushed his advisors to get more aggressive on tariffs, including higher rates on a wider set of nations.

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