US inflation eased last month in the first slowdown of 2024
Led by lower food and auto prices, inflation in the United States cooled slightly last month after three elevated readings, likely offering a tentative sigh of relief for officials at the Federal Reserve as well as President Joe Bidenโs re-election team.
Biden administration finalizes rule to grant overtime for millions more salaried workers
The Biden administration has finalized a new rule set to make millions of more salaried workers eligible for overtime pay in the U.S. The move marks the largest expansion in federal overtime eligibility in decades.
Coal miners are getting new protections from silica dust linked to black lung disease
The Labor Department has issued a new rule intended to protect coal miners from poisonous silica dust that has contributed to the premature deaths of thousands of mine workers from a respiratory ailment known as โblack lungโ disease.
US producer prices rose 2.1% from last year, most since April, but less than forecasters expected
U.S. producer prices rose in March from a year earlier at the fastest pace in nearly a year, offering more evidence that progress against inflation may have stalled this year and raising doubts about whether and when the Federal Reserve will start cutting interest rates.
US wholesale prices picked up in February in sign that inflation pressures remain elevated
Wholesale prices in the United States accelerated again in February, the latest sign that inflation pressures in the economy remain elevated and might not cool in the coming months as fast as the Federal Reserve or the Biden administration would like.
US inflation up again in February in latest sign that price pressures remain elevated
Consumer prices in the United States picked up last month, a sign that inflation remains a persistent challenge for the Federal Reserve and for President Joe Bidenโs re-election campaign, both of which are counting on a steady easing of price pressures this year.
US applications for jobless benefits inch higher but remain at historically healthy levels
The number of Americans applying for jobless benefits inched up last week but remains low by historical standards, even with the Federal Reserveโs aggressive interest rate hikes meant to cool the economy and taper lingering inflation.
US jobless claims remain at historically low 209,000, a sign of continuing labor market strength
The number of Americans applying for unemployment benefits was unchanged last week, remaining at historically low levels in another sign that the U.S. job market remains strong in the face of higher interest rates.
Slightly fewer number of Americans apply for jobless benefits as layoffs remain rare
U.S. applications for unemployment benefits inched up modestly this week after reaching their lowest level in eight months the previous week, as the labor market continues to defy the Federal Reserveโs interest rate hikes meant to cool it.
Fewer Americans apply for jobless benefits as labor market keeps humming along
Applications for unemployment benefits fell again last week as Americaโs labor market continues to hum along despite attempts by the Federal Reserve to cool the economy and bring down inflation thatโs still higher than optimal.
Share of US employees working on-site drops from 84% to 74% in pandemic's first year
Workers in the fields of computer science, real estate, finance and insurance experienced the greatest bumps in working from home during the first years of the pandemic, while it barely budged for laborers in occupations like stockers, truck operators and order fillers.
Survey of economists: Inflation will stay high this year, and so will Fed's key interest rate
The Federal Reserve will make only modest progress in its fight against inflation for the rest of this year, even while keeping its benchmark interest rate at a 16-year high, a group of business economists predict in a new survey.