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U.S. Labor Dept. beefs up protection of economic data from stock traders
The US Labor Department’s adversaries are “profit-driven, technically sophisticated individuals who may have considerable resources at their disposal.” They may secretly use surveillance equipment and “though they are willing to bend and potentially violate rules and laws, violence is unlikely as an operational method.” But these are not James Bond…
U.S. adds just 69,000 jobs in May, unemployment rises to 8.2 percent
The US economy added a scant 69,000 jobs in May, the lowest number in a year, and the unemployment rate rose to 8.2 percent, the government said Friday. The dismal report signaled that the much hoped-for recovery in the job market has stalled and fueled speculation that it may prompt…
New U.S. unemployment claims down this week
New claims for US unemployment benefits fell last week in a fresh sign that the ailing job market is slowly recovering, official data showed Thursday. Initial jobless claims fell by 2,000 to 370,000 in the week ending May 19, the Labor Department said. The prior week’s number was revised upward…
Falling energy prices ease concerns over inflation
Wholesale prices in the United States fell for the first time this year in April as energy prices tumbled, the government said Friday in a report that eased concerns about inflation. The Labor Department said its producer price index (PPI) fell 0.2 percent due to a large 1.4 percent drop…
New U.S. unemployment claims fall for second straight week
New claims for US unemployment benefits fell for the second week running last week, but not as much as expected as the troubled labor market slowly recovers, official data showed Thursday. New jobless claims totaled 367,000 in the week ending May 5, down from an upwardly revised 368,000 the previous…
Sen. Franken praises Labor Department for withdrawing new child labor rules
Sen. Al Franken (D-MN) has applauded the U.S. Department of Agriculture for withdrawing proposed rules dealing with children who work on farms. “I’m relieved that the Department of Labor decided to shelve these regulations,” Franken said. “I’ve heard from a lot of Minnesotans about this proposal — and I’ve worked…
Data point to frail recovery in U.S. jobs market
WASHINGTON — The economic data is mostly pointing in the right direction, but the weak economy has kept hopes in check for a big improvement in the government’s labor report Friday. Analysts expect that a slowdown in job creation took place in January after December’s surge in holiday hiring, so…
US jobless rate falls in big job surge
The US unemployment rate dropped to 8.5 percent in December, the lowest level in nearly three years, as hiring surged more than expected, government data showed Friday. The Labor Department report confirmed an improving trend in the ailing job market. The department noted that the number of unemployed as well…
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