Tag: Labor Department (US)

Labor Department Proposes New Fiduciary Rule to Protect Investors

It seems like an issue everyone can agree on: Financial professionals should be required to handle our retirement money with the utmost care, putting investors’ interests first. But that type of care comes in degrees, and deciding exactly how far advisers should go has been the center of heated debate for nearly 15 years, pitting […]

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Tennessee Company Hired Children to Operate ‘Dangerous’ Machinery, Officials Say

A Tennessee manufacturer has been fined nearly $300,000 for employing children as young as 14 to operate “dangerous machinery” and requiring them to work more hours than the law allows, federal regulators said. Tuff Torq Corp., which manufactures outdoor-power-equipment components for brands that include John Deere, Toro and Yamaha, must pay a civil penalty of […]

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U.S. Employers Add 275,000 Jobs in Another Strong Month

If the economy is slowing down, nobody told the labor market. Employers added 275,000 jobs in February, the Labor Department reported Friday, in another month that exceeded expectations even as the unemployment rate rose. It was the third straight month of gains above 200,000, and the 38th consecutive month of growth — fresh evidence that […]

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Job Market Starts 2024 With a Bang

The United States produced an unexpectedly sizable batch of jobs last month, a boon for American workers that shows the labor market retains remarkable strength after three years of expansion. Employers added 353,000 jobs in January on a seasonally adjusted basis, the Labor Department reported on Friday, and the unemployment rate remained at 3.7 percent. […]

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U.S. Added 216,000 Jobs in December, Outpacing Forecasts

The U.S. labor market ended 2023 with a bang, gaining more jobs than experts had expected and buoying hopes that the economy can settle into a solid, sustainable level of growth rather than fall into a recession. Employers added 216,000 jobs in December on a seasonally adjusted basis, the Labor Department reported on Friday. The […]

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What Investors and the Fed Will Look For in the Jobs Report

Jobs report: the numbers to watch Wall Street, the White House and the Fed will all be watching Friday’s jobs report for signs of how the labor market is holding up. The numbers may also deliver clues on the central bank’s next move on interest rates. The Bureau of Labor Statistics is set to release […]

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U.S. Job Growth Holds Up as Economy Gradually Cools

The U.S. economy continued to pump out jobs in November, suggesting there is still juice left in a labor market that has been slowing almost imperceptibly since last year’s pandemic rebound. Employers added 199,000 jobs last month, the Labor Department reported Friday, while the unemployment rate dropped to 3.7 percent, from 3.9 percent. The increase […]

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Job Growth Slows, Sowing a Mix of Concern and Calm

The labor market has been relentlessly hot since the U.S. economy began to recover from the shock of the pandemic. But there are signs of cooling as the holidays approach. Employers added 150,000 jobs in October on a seasonally adjusted basis, the Labor Department reported on Friday, a number that fell short of economists’ forecasts. […]

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Tyson and Perdue Are Facing Child Labor Investigations

Tyson Foods and Perdue Farms, which together produce a third of the poultry sold in the United States, are under federal investigation into whether they relied on migrant children to clean slaughterhouses, some of the most dangerous work in the country. The Labor Department opened the inquiries after an article in The New York Times […]

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