Latest U.S. Department of Labor News
The number of Americans filing for jobless benefits jumps to the highest level in 10 months
The number of Americans filing for jobless benefits jumped to the highest level in 10 months last week, a sign that the labor market is likely cooling under the weight of high interest rates. Unemployment benefit applications for the week ending June 8 rose by 13,000 to 242,000, up...
Slightly more Americans apply for jobless benefits, but layoffs remain at healthy levels
The number of Americans applying for jobless claims rose last week, but layoffs remain at healthy levels despite lingering inflation and high interest rates. Unemployment benefit applications for the week ending June 1 rose by 8,000 to 229,000, up from 221,000 the week before, the...
US job openings fall to 8.1 million, lowest since 2021, but remain at historically high levels
WASHINGTON (AP) — U.S. job openings fell in April to the lowest level since 2021. But they remained at historically strong levels despite high interest rates and signs the economy is slowing. The Labor Department reported Tuesday that employers posted 8.1 million vacancies in...
This week: Job openings, services sector update, monthly employment tally
A look at some of the key business events and economic indicators upcoming this week: Now hiring The government on Tuesday reports the number of U.S. job openings in April. Openings slipped in March, when employers posted close to 8.5 million vacancies....
The number of Americans applying for jobless benefits inches up, but layoffs remain low
The number of Americans applying for unemployment benefits ticked up last week, but layoffs remain historically low in the face of lingering inflation and high interest rates. Jobless claims for the week ending May 25 rose by 3,000 to 219,000, up from 216,000 the week before, the...
Kentucky awards contract to replace unemployment insurance system that struggled during the pandemic
FRANKFORT, Ky. (AP) — Kentucky has awarded a long-awaited contract to replace its decades-old unemployment insurance system, which showed its shortcomings during the COVID-19 pandemic when a record surge of jobless claims resulted in processing backlogs, the state said Friday. The...
US applications for jobless benefits fall as labor market continues to thrive
The number of Americans applying for unemployment benefits fell last week as layoffs remained historically low despite the Federal Reserve's efforts to loosen the labor market. Jobless claims for the week ending May 18 fell by 8,000 to 215,000, down from 223,000 the week before, the...
US applications for jobless benefits come back down after last week's 9-month high
Fewer Americans applied for unemployment benefits last week as layoffs remain at historically low levels even as other signs that the labor market is cooling have surfaced. Jobless claims for the week ending May 11 fell by 10,000 to 222,000, down from 232,000 the week before, the...
Wholesale price increases accelerated in April as inflation remains sticky
WASHINGTON (AP) — U.S. wholesale prices rose sharply last month, a sign that inflation pressures remain stubbornly high after three elevated readings in consumer prices to start the year. The Labor Department said Tuesday that its producer price index — which tracks price...
This Week: Producer prices, inflation check, April retail sales
Inflation foresight The Labor Department releases producer price data for April on Tuesday. The producer price index measures inflation at the wholesale level, before businesses pass costs on to consumers. Wholesale inflation jumped in March, the latest sign that...
