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The reading is the last data the Federal Reserve will receive before its key meeting next week, when policymakers are widely expected to cut their short-term rate to about 4.1% from 4.3%.

The Labor Department reported Sept. 9 that employers added 911,000 fewer jobs than originally reported from April 2024 through March.

Initial claims increased by 8,000 to 237,000 in the week ended Aug. 30. The median forecast in a Bloomberg survey of economists called for 230,000 applications.

The Labor Department reported Aug. 14 that PPI rose 0.9% last month from June, the biggest jump in more than three years. Compared with a year earlier, wholesale prices rose 3.3%.

The Labor Department reported Aug. 1 that revisions shaved a stunning 258,000 jobs off May and June payrolls.

U.S. employers added 147,000 jobs in June as the American labor market continues to show surprising resilience despite uncertainty over President Donald Trump’s economic policies. 

U.S. inflation picked up a bit last month as food costs rose, though overall inflation remained mostly tame. Consumer prices increased 2.4% in May compared with a year ago.

The Labor Department is reviewing the Biden administration’s 2024 worker classification guidance, which directs employers on how to determine whether a worker is an employee or independent contractor.

U.S. inflation declined last month as the cost of gas fell, a sign that price growth was cooling even as President Donald Trump ramped up his tariff threats.

The Senate on March 11 confirmed Steven Bradbury as deputy secretary of DOT and on March 10 confirmed the nomination of former Rep. Lori Chavez-DeRemer to lead the Labor Department.