The U.S. job market stalled in July as employers cut 23,000 jobs and May and June job gains were revised lower. The unemployment rate dipped to 4.1% because workers dropped out.
The US economy may be shifting from sluggish hiring to a more dynamic phase, with June job growth expected to be around 100,000. Despite inflation concerns and AI adoption worries, economists see a resilient labor market and increasing business confidence.
The U.S. Department of Labor has directed states to immediately address fraud in their unemployment insurance programs, threatening to withhold administrative funds for non-compliance. The department cited poor oversight and outdated technology, highlighting issues in California, Illinois, and New York, all controlled by Democrats. The move comes amid ongoing efforts to combat pandemic-era fraud.
The U.S. Department of Labor has directed states to immediately address fraud in unemployment programs, threatening to withhold administrative funds for non-compliance. The department cited poor oversight and outdated technology as enabling widespread fraud, particularly in states with Democratic governors.
The US Department of Labor is threatening to withhold administrative funds from states for the first time in history if they fail to combat waste, fraud, and abuse in unemployment insurance programs. Acting Secretary Keith Sonderling sent letters to 53 states and territories, specifically highlighting California, New York, and Illinois.
Democrats, led by Bernie Sanders and Elizabeth Warren, are strongly opposing a US Department of Labor proposal to allow 401(k) investments in cryptocurrency and private assets, citing risks to workers' retirement savings and potential conflicts of interest related to Donald Trump.
US consumer prices climbed sharply again last month as the 10-week war with Iran pushed energy prices higher. The Labor Department’s consumer price index rose 3.8 per cent from April 2025, according to data released on Tuesday. On a month-to-month basis, April prices rose 0.6 per cent from March as petrol prices rose 5.4 per cent during the month; the month-over-month gain was down from 0.9 per cent increase from February to March. Labor Department figures showed that petrol prices are up more...
Unemployment remained steady at 4.3% as the US-Israel war on Iran continues to rattle the American economyUS employers added 115,000 jobs in April and the unemployment rate remained steady at 4.3%, a surprisingly robust gain to the labor market as the US-Israel war with Iran continued to drive up economic uncertainty.Economists projected about 55,000 new jobs and a 4.3% unemployment rate. A day earlier, the labor department announced 200,000 people filed for weekly unemployment benefits, a slight increase from the week before. Continue reading...
The U.S. Department of Labor announced the launch of the AI in Registered Apprenticeship Innovation Portal, a new website designed to help workers and employers build AI skills and expand AI-focused apprenticeship programs. The portal debuted during National Apprenticeship Week and organizes resources into three areas: AI skills in Registered Apprenticeship, AI skill-building by industry, and integrating AI into programs. It includes training modules for education, finance, healthcare, and advanced manufacturing sectors.
