News list for " Department of Labor"
A lower-than-expected inflation reading, due at 21:30 Beijing time today, could boost expectations of a rate cut by the Federal Reserve, pushing Treasury yields lower and the dollar weaker in favour of risk assets such as bitcoin. But the two-year inflation swap rate has risen to 2.8 per cent, the highest since early 2023, according to Mott Capital Management, indicating that the market expects inflation pressures to rise in the future. BlackRock...
A Labor Department spokesperson said a technical glitch had delayed the release of the August 21 jobs data. The Bureau of Labor Statistics instituted new safeguards to ensure equal access to the data.
Initial jobless claims rose by 4,000 for the week ending Aug. 17 to a seasonally adjusted 232,000, slightly beating expectations of 230,000, according to Labor Department data released Thursday. Chris Larkin of Morgan Stanley E * Trade said the latest initial jobless claims suggest the labor market is slowing but resilient, which should help the Federal Reserve start cutting interest rates in September.
According to Politico, the U.S. Labor Department's preliminary benchmark revision data shows that non-farm payrolls may decrease by 818,000 in the 12 months to March. The new data could affect how Federal Reserve Chairperson Jerome Powell handles the upcoming September 9...
The U.S. Department of Labor's Bureau of Labor Statistics (BLS): Employment in the United States will increase by 1.3% in the year to March 2024.
