All posts tagged "Labor Department"

The White House warned Wednesday that the federal statistical system could be "permanently damaged" in the fallout over the government shutdown.

The October jobs and inflation data might not be released at all — a major concern for Wall Street as the shutdown dragged more than 40 days, CNBC reports.

White House press secretary Karoline Leavitt told reporters during a news briefing that although the longest stalemate in U.S. government history is nearing an end, it is doubtful that the data will be available. ...

WASHINGTON (Reuters) - The number of Americans filing new claims for unemployment benefits fell more than expected and hit a three-month low last week, a sign of strength in a labor market that has been hobbled by severe weather.

New claims for US unemployment insurance fell last week, according to government data released on Thursday that pointed to the slowly recovering jobs market.

The US economy added just 74,000 jobs in December, but the overall unemployment rate continued to fall, hitting 6.7 percent, the lowest since October 2008, the Labor Department said Friday.

First-time claims for US unemployment benefits rose for the second consecutive week last week, hitting a nine-month high during the year-end holiday season, government data released Thursday showed.

US stocks ended sharply higher Friday after a strong jobs report fueled expectations that the Federal Reserve will begin to reduce its huge stimulus soon.