Is this an opportune time to ask for a raise? Or, given the recent spate of tech layoffs, is it better to lie low for a while? The good news: Employers are giving pay raises. The increase in wages ov...
Tag: labor department
No Relief Today, Nor Any In Sight
President Joe Biden gestures. (Photo by Andrew Caballero-Reynolds / AFP) (Photo by ANDREW … [+] CABALLERO-REYNOLDS/AFP via Getty Images) AFP via Getty Images For a couple of months this past sum...
Exxon Improperly Fired Scientists Suspected of Sharing Information, Labor Department Finds
Listen to article (2 minutes) The Labor Department said it found Exxon Mobil illegally fired two company scientists over suspicions they shared information with The Wall Street Journal about concerns ...
Wells Fargo Fined $22 Million for Alleged Whistleblower Retaliation
Wells Fargo & Co. was fined more than $22 million by the U.S. Labor Department for allegedly firing a senior manager in its commercial banking unit after the employee reported concerns about misco...
Statistics Are Mixed But On Balance Say The Economy Is Weak
Ambiguous economic chart. (Photo by Daniel ROLAND / AFP) (Photo by DANIEL ROLAND/AFP via Getty … [+] Images) AFP via Getty Images If you listen to the White House, you hear that the economy is s...
All Jobs Businesses Cut in Pandemic Are Back, but Not Where They Were Lost
Private-sector payrolls exceeded prepandemic levels in June, taking just over two years to close a 21 million job gap that was created in the spring of 2020 and reshaping the labor market in the proce...
Weekly Jobless Claims Hit New High For 2022
Topline New applications for unemployment benefits hit an 8-month high last week, though overall jobless claims remain low, according to a report released by the Labor Department on Thursday, as some ...
Inflation Rises Again To 40-Year High—But Gas Prices May Help Drive That Down Soon
Topline Inflation is at its highest level since November 1981, according to data released by the Labor Department Wednesday, with consumer prices rising 9.1% from June 2021 to June 2022 and 1.1% from ...
Stocks Fall After U.S. Economy Adds Back 372,000 Jobs In June
Topline The stock market opened slightly lower on Friday despite solid gains earlier this week, as investors assessed a stronger-than-expected jobs report amid ongoing fears that the Federal Reserve’s...
New Unemployment Claims Unexpectedly Rise For First Time In Four Weeks As Inflation, Russia Drive Economic Uncertainty
Topline The number of new unemployment claims unexpectedly jumped for the first time in nearly a month on Thursday, highlighting the rising level of economic uncertainty amid a prolonged inflation sur...
New Jobless Claims Keep Unexpectedly Spiking As Omicron Surge ‘Taints’ Economic Recovery
Topline The number of new unemployment claims unexpectedly jumped for the third week in a row this month—adding to evidence suggesting the record wave of coronavirus cases this month—spurred by the ra...
Omicron Job Loss? Unemployment Claims Unexpectedly Spike One Week After Steep Drop In Jobless Benefits Numbers
Topline The number of new unemployment claims unexpectedly jumped for the second week in a row this month, despite a steep drop in the overall number of Americans receiving unemployment benefits just ...
Number Of Americans Receiving Unemployment Benefits Unexpectedly Rises As Experts Caution Omicron Surge Could Slow Economic Recovery
Topline Despite falling to their lowest levels during the pandemic in recent weeks, the number of new unemployment claims unexpectedly increased last week, as experts warn a record surge in coronaviru...
December’s Stunning Job Growth Doesn’t Tell The Whole Story—Omicron Sparked ‘Significant Economic Damage’
Topline Private U.S. employers posted the strongest job growth in seven months in December, according to payroll processor ADP, but experts caution the promising data shouldn’t be cause for cele...