U.S. wholesale prices came in hotter than expected last month at a time when progress against inflation appears to have stalled, undercutting expectations for lower interest rates.
February 13, 2025Department of Labor News Updates
Employers Added 143,000 Jobs in January
WASHINGTON — U.S. employers added just 143,000 jobs last month, but the jobless rate fell to 4% to start 2025.
February 7, 2025Wholesale Inflation Accelerated in November
WASHINGTON — Wholesale costs picked up sharply last month, signaling that price pressures are still evident in the economy even though inflation has tumbled from the peak of two years ago.
December 12, 2024Consumer Prices Rise 0.3% in November
WASHINGTON — Fueled by pricier used cars, hotel rooms and auto insurance, inflation in the United States moved slightly higher last month while remaining far below its peak of two years ago.
December 11, 2024US Added a Strong 227,000 Jobs in November
WASHINGTON — America’s job market rebounded in November, adding 227,000 workers in a solid recovery from the previous month.
December 6, 2024Trump Nominates Lori Chavez-DeRemer to Lead Labor Department
WASHINGTON — President-elect Donald Trump on Nov. 22 named Oregon Rep. Lori Chavez-DeRemer to lead the Department of Labor in his second administration.
November 25, 2024Inflation Reaches Lowest Point Since February 2021
WASHINGTON — Inflation in the United States dropped last month to its lowest point since it first began surging more than three years ago, adding to a spate of encouraging economic news.
October 10, 2024Hiring Rebounds in August in Sign of Slowing Job Market
WASHINGTON — Hiring by America’s employers picked up a bit in August from July’s sluggish pace, and the unemployment rate dipped in a sign that the job market may be cooling but remains sturdy.
September 6, 2024CPI Inflation Slowed Again in July
WASHINGTON — Year-over-year inflation reached its lowest level in more than three years in July, the latest sign that the worst price spike in four decades is fading and setting up the Federal Reserve for an interest rate cut in September.
August 14, 2024US Wholesale Inflation Cooled in July
WASHINGTON — Wholesale price increases eased in July, suggesting that inflation pressures are further cooling as the Federal Reserve moves closer to cutting interest rates.
August 13, 2024Trending
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