Labor department

US Unemployment Claims Hit Lowest Level in 7 Months
US Unemployment Claims Hit Lowest Level in 7 Months
September 07, 2023  |  Economy

The American job market is still tight, at least according to one new measure. Data released Thursday (Sept. 7) by the U.S. Labor Department showed the...

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Job Market Show Signs of Cooling as Worker Demand Dips
Job Market Show Signs of Cooling as Worker Demand Dips
August 01, 2023  |  Economy

In the middle of scorching summer hot weather, the job market seems to be cooling. American employers listed fewer job openings in June, a signal...

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IMF Director Says Fed ‘Will Have to Stay the Course’
IMF Director Says Fed ‘Will Have to Stay the Course’
June 05, 2023  |  Economy

An International Monetary Fund (IMF) director said the Federal Reserve may need to do more to slow lending. IMF Managing Director Kristalina Georgieva told CNBC...

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Jobs Data Signal Main Street Small Businesses Foresee Resilient Consumer Demand
Jobs Data Signal Main Street Small Businesses Foresee Resilient Consumer Demand
June 02, 2023  |  Economy

Uncertainty reigns, but if the spate of jobs reports that marked a busy week of economic data show a trend, it’s that Main Street small...

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Small Businesses Slow Hiring Amid Uncertain Consumer Demand
Small Businesses Slow Hiring Amid Uncertain Consumer Demand
April 05, 2023  |  Economy

Main Street businesses are pulling back on hiring. Preparing, perhaps, for the impact of a pullback in consumer spending that’s already in motion. The logic...

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Stubborn Inflation Continues Devouring Retail Sales as Consumers Grow Cautious 
Stubborn Inflation Continues Devouring Retail Sales as Consumers Grow Cautious 
October 14, 2022  |  Economy

People are thinking twice before opening their wallets as inflation continues to run rampant, devouring retail sales in most categories last month and aligning with...

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Labor Department’s Proposal Could Kill Gig Economy
Labor Department’s Proposal Could Kill Gig Economy
October 11, 2022  |  Gig Economy

For the platforms, it won’t be business as usual — not if the Labor Department shakes things up. To that end, and as widely reported,...

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Labor Dept: Unemployment Applications Top Pre-Pandemic Levels
Labor Dept: Unemployment Applications Top Pre-Pandemic Levels
June 09, 2022  |  Economy

New unemployment applications climbed last week above the pre-pandemic average for the first time since January, the U.S. Labor Department reported Thursday (June 9). Initial...

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Wage, Job Gains Hint at Inflation Ahead for Retailers
Wage, Job Gains Hint at Inflation Ahead for Retailers
June 03, 2022  |  Retail

More money, more problems. OK, not really — but we note that some of the headline economic data released this morning may point to a...

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