A new study shows the gap between Texas’ highest-paid workers and the state’s median earners continues to grow.

Catch up on the latest news updates from Houston and around the world.

The Labor Department, citing the partial federal government shutdown, said Monday that it will not release the January jobs report on Friday as scheduled.

The Labor Department will release its numbers on September hiring and unemployment next Thursday, a month and a half late, marking the beginning of the end of a data drought caused by the 43-day federal government shutdown.

The government shutdown likely means there won’t be an inflation report next month for the first time in more than seven decades, the White House said Friday, leaving Wall Street and the Federal Reserve without crucial information about consumer prices.

The number of Americans filing for jobless benefits fell modestly last week, remaining in the historically low range since the U.S. economy emerged from the COVID-19 pandemic.

President Donald Trump has nominated E.

The monthly jobs report is already closely-watched on Wall Street and in Washington but has taken on a new importance after President Donald Trump on Friday fired the official who oversees it.

U.S. inflation picked up a bit last month as higher prices for groceries and some imported goods were largely offset by cheaper gas, travel services, and rents.

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.

Egg prices are up 59.9%, a rate not seen since 1973.

Got milk? If you need to buy some in the future, the question instead will be, Got money?

(CNN) – When the May jobs report dropped Friday morning, the numbers were shocking: US unemployment actually fell, defying virtually all economists' predictions. Those surveyed by Refinitiv had predicted another 8 million job losses and an unemployment rate nearing 20%. Journalists, reporting on economists' forecasts, had prepared charts ready to show the unemployment rate at its highest level since the Great Depression. The jobs report showed restaurants and bars were the biggest job creators in May, bringing back 1.37 million jobs. At 13.3%, the unemployment rate remains near historic highs, and employers have yet to add back 19.6 million jobs lost since February.

With the unemployment rate at 3.7%, according to the Bureau of Labor Statistics, the current job market more so than in recent years seems to favor job seekers rather than companies. What should job seekers be looking for most with available openings? It’s important that job seekers look for positions that have qualities which they know they’ll be happy and productive with in the long-term. Many job seekers have a strategy of producing one generic resume and cover letter and sending it out to dozens, if not hundreds, of companies that are hiring. But knowing a prominent person in a company doesn’t necessarily guarantee a job, especially if that person isn’t in good standing with the company, Martin said.