department of labor

Bump in Jobless Claims Underscores Consumer Caution Around Spending
Bump in Jobless Claims Underscores Consumer Caution Around Spending
September 12, 2024  |  Economy

Although jobless claims newly reported for the past week were only slightly higher, the psychological effect may be one where consumers are more cautious about...

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Unemployment Data Suggests Gradual Cooling of Labor Market
Unemployment Data Suggests Gradual Cooling of Labor Market
August 29, 2024  |  Economy

The latest unemployment data reportedly points to a continued gradual cooling of the labor market. During the week ended Saturday (Aug. 24), the number of...

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Initial Unemployment Claims Rise, Boosting Expectations of Rate Cut
Initial Unemployment Claims Rise, Boosting Expectations of Rate Cut
August 22, 2024  |  Economy

The number of initial claims for unemployment insurance increased by 4,000 during the week ended Saturday (Aug. 17), suggesting a cooling of the labor market...

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Consumers Paid the Price for Overstated Job Growth That Kept Interest Rates Too High
Consumers Paid the Price for Overstated Job Growth That Kept Interest Rates Too High
August 21, 2024  |  Economy

A downward revision to previously released job market data might be enough to spur interest rate cuts. But the damage to the paycheck-to-paycheck economy —...

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Inflation Is Down. Will Paycheck-to-Paycheck Consumers Notice?
Inflation Is Down. Will Paycheck-to-Paycheck Consumers Notice?
August 14, 2024  |  Economy

Inflation is at a multiyear low, according to July’s Consumer Price Index from the U.S. Department of Labor. Inflation has broken through an important psychological...

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Unemployment Claims Hit Highest Level in Almost a Year
Unemployment Claims Hit Highest Level in Almost a Year
August 01, 2024  |  Economy

New U.S. unemployment claims have reached their highest level in close to a year. According to Labor Department data released Thursday (Aug. 1), jobless claims...

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Auto Plant Closures, Hurricane Drive Increase in Initial Unemployment Claims
Auto Plant Closures, Hurricane Drive Increase in Initial Unemployment Claims
July 18, 2024  |  Economy

The number of initial claims for unemployment insurance increased by 20,000 during the week ended Saturday (July 13), driven by temporary closures of automobile plants...

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Insured Unemployment Number Reaches Highest Level Since 2021
Insured Unemployment Number Reaches Highest Level Since 2021
June 27, 2024  |  Economy

The number of people receiving unemployment benefits reached its highest level in over two years. The insured unemployment number for the week ended June 15...

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Initial Unemployment Claims Increase by 8,000 as Labor Market Cools
Initial Unemployment Claims Increase by 8,000 as Labor Market Cools
June 06, 2024  |  Economy

The number of initial claims for unemployment insurance increased by 8,000 during the week ended Saturday (June 1), showing that the labor market is returning...

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