Labor Department

Jobless claims in the U.S. dropped to 206,000 last week, indicating that layoffs remain sparse and most Americans enjoy job security. The unemployment rate is reported as low at 4.1%, reflecting economic resilience despite high energy prices. However, the job market remains a “no hire, no fire” environment, with employers reluctant to take on new workers.

Federal data reports that U.S. prescription drug prices fell 3.1% from a year ago, marking the steepest year-over-year drop since 1963. Although the White House credits these price declines to Trump's drug deals, experts note that other factors are potentially more significant contributors. These complex factors include Medicare negotiations allowed by the Inflation Reduction Act and increased market competition from generic or biosimilar drugs.

Recent federal data shows that U.S. prescription drug prices declined 3.1% from a year ago, the steepest drop since 1963. While Donald Trump has taken credit for these drops through “most favored nation” deals, experts suggest other factors are equally significant. These contributors include competition from generic and biosimilar products, as well as policy changes like the Inflation Reduction Act's allowance for Medicare to negotiate drug costs.

US futures climbed ahead of upcoming inflation data, though major indexes were down for the week. Global markets showed divergence, with Japan's Nikkei 225 and South Korea's Kospi advancing sharply, while Britain's FTSE 100 and Hong Kong's Hang Seng declined. Commodity prices also shifted, with benchmark U.S. crude and Brent crude both slipping in value.

US job openings decreased to 7.4 million in June, but the labor market remained resilient amid economic shocks from fighting in Iran and the closure of the Strait of Hormuz. Job gains averaged 92,000 monthly this year, with expectations of 100,000 new jobs in July and a 4.2% unemployment rate.

U.S. stock futures rose as President Donald Trump reconsidered a major attack on Iran, while South Korea's Kospi index hit a record single-day surge. Oil prices fell amid hopes for reopening the Strait of Hormuz, and investors awaited key labor market data to assess Federal Reserve policy direction.

Federal Reserve Chairman Kevin Warsh's failure to signal commitment to fighting inflation has caused a 'credibility shock,' with market reactions like the bond yield curve indicating skepticism. Economists suggest a potential September rate hike to restore trust, as Warsh's ambiguous statements on inflation tools and forward guidance rattled markets.

US jobless benefit filings rose to 197,000 in the week ending July 25, a 9,000 increase from the prior week. Layoffs remain historically low, with the previous week's revised figure of 188,000 being the lowest in over 50 years. The four-week moving average of jobless claims fell to 202,750.

U.S. unemployment aid applications fell to 187,000 in the week ending July 18, the lowest level since 1969, despite global economic uncertainty and rising oil prices. The number of applications was below analysts' forecasts and indicates a historically low layoff rate, though concerns remain about potential long-term impacts from energy costs and geopolitical tensions.

US unemployment benefit applications fell to 187,000 in the week ending July 18, the lowest level since 1969, below analyst forecasts. Despite global economic uncertainty and rising oil prices, layoffs remain historically low, though analysts warn of potential long-term impacts from energy costs and geopolitical tensions.

US inflation declined to 3.5% in June, with falling gas, clothing, and used car prices offering temporary relief. However, massive AI-driven investments in data centers are raising costs for technology and energy, potentially reigniting inflation. Meanwhile, the 30-year mortgage rate climbed to 6.55%, its highest level in nearly a year, and retail sales grew modestly amid economic uncertainty.

U.S. wholesale inflation fell 0.3% in June due to plunging energy prices, but rising tensions with Iran are creating uncertainty. Year-over-year wholesale prices increased 5.5%, down from 6% in May, while core wholesale prices rose 4.7% compared to June 2025. Producer prices dropped alongside consumer prices, easing pressure on the Federal Reserve to raise interest rates, though inflation remains above its 2% target.

Retail sales rose 0.2% in June, driven by online sales and sporting goods, but overall spending slowed due to economic uncertainty and fading tax refunds. Inflation cooled as gas prices fell, but geopolitical tensions threaten recent progress.

US weekly unemployment claims fell to 208,000 in the week ending July 11, the lowest in 10 weeks and below analysts' forecasts. The unemployment rate dropped to 4.2% as some job seekers stopped looking for work, while hiring slowed in June due to corporate caution and economic factors like high interest rates and tariffs. Major companies including Verizon, UPS, Amazon, Disney, Starbucks, Walmart, and Microsoft have recently cut jobs.

US weekly unemployment claims fell to 208,000, the lowest in 10 weeks, below analysts' forecasts. The June jobs report showed slower hiring with 57,000 jobs added, while companies like Microsoft and others announced layoffs.

Retail sales increased 0.2% in June, driven by online sales and sporting goods amid economic uncertainty and declining gas prices. Excluding gas stations, sales rose 0.7%, while clothing stores fell 0.3%. Inflation cooled to 3.5% year-over-year as gas prices dropped to $3.94 per gallon.

The Labor Department and Silicon Valley sources agree that the H-1B visa crackdown involves factors beyond fraud. The article highlights how the American dream influences the situation.

US producer prices fell 0.3% in June due to lower energy prices, marking the largest decline since April 2025. However, tensions with Iran and a Trump-announced blockade in the Strait of Hormuz are raising concerns about future energy costs and inflation. Year-over-year wholesale prices increased 5.5%, while core prices rose 4.7%.

U.S. producer prices fell 0.3% in June due to plunging energy prices, marking the largest decline since April 2025. However, heightened tensions with Iran over the Strait of Hormuz are creating uncertainty, while annual wholesale inflation remains at 5.5%. Consumer prices also dropped 0.4%, easing pressure on the Federal Reserve to raise interest rates despite inflation still exceeding its 2% target.

The number of Americans filing for unemployment benefits decreased to 215,000 in the week ending July 4, according to the Labor Department. Despite the slight drop, layoffs remain historically low, though June's hiring slowed to 57,000 jobs. Companies like Verizon, UPS, Amazon, Disney, Starbucks, Walmart, and Microsoft have recently cut jobs.

US jobless claims decreased to 215,000 in the week ending July 4, remaining within a historically stable range. The June jobs report showed slower hiring with 57,000 jobs added, and the unemployment rate fell to 4.2% as some job seekers exited the labor market. Companies like Verizon, UPS, Amazon, Disney, Starbucks, Walmart, and Microsoft have recently reduced their workforces.

US jobless claims decreased to 215,000 in the week ending July 4, reflecting historically low layoffs. The June jobs report showed slower hiring with 57,000 jobs added, and the unemployment rate fell to 4.2% as some job seekers stopped looking. Companies like Verizon, UPS, Amazon, and Microsoft have recently reduced workforces.

Consumer confidence in the U.S. rose slightly in June but remains below year-ago levels, with inflation-adjusted incomes declining due to high costs. U.S. employers added only 57,000 jobs in June, the lowest in months, as companies remain cautious about economic health, while jobless claims decreased and mortgage rates fell to a seven-week low.

Consumer confidence in the U.S. remains below historical averages despite a slight monthly increase, while June hiring dropped to 57,000 jobs, the lowest in recent months. Inflation and high borrowing costs continue to impact economic sentiment, though mortgage rates fell to a seven-week low in June.

Job growth in the U.S. slowed in June, falling short of expectations as reported by the Labor Department. The report was covered by CBS News producer Emily Pandise.

The U.S. economy added 57,000 jobs in June, far below the 115,000 expected, with revised April and May figures showing 74,000 fewer jobs. The unemployment rate dropped to 4.2% as 720,000 people exited the labor force. Hiring trends varied by sector, with professional and business services gaining jobs and leisure and hospitality losing 61,000. Wage growth (3.5% year-over-year) lags behind inflation, and unemployment remains higher for African Americans and workers under 25.

U.S. jobless aid applications fell to 215,000 in the week ending June 27, below the 225,000 forecast by analysts. The four-week moving average of claims decreased to 222,000, while the prior week's total filings rose to 1.81 million.

The upcoming Labor Department report on June job changes may show 100,000 new jobs, marking four consecutive months of solid hiring after earlier job losses. The unemployment rate is forecast to remain at 4.3%, but inflation at 4.2% and declining gas prices could influence the Federal Reserve's interest rate decisions.

The upcoming Labor Department report on June job changes may indicate a recovery in U.S. hiring, with economists forecasting 100,000 new jobs and a 4.3% unemployment rate. Recent months show a shift from job losses to gains, though inflation and economic challenges remain concerns.

The upcoming Labor Department report on June job changes will reveal whether U.S. hiring has improved, with economists projecting 100,000 new jobs and a 4.3% unemployment rate. Companies are adjusting to challenges like higher tariffs, the Iran war, and AI investments, but inflation remains a concern. The Federal Reserve faces pressure to address inflation while balancing job market resilience.

Thursday’s Labor Department report on June job changes will provide insights into the U.S. economy's health. The report aims to illustrate hiring trends in the U.S.

President Donald Trump nominated Keith Sonderling to be the permanent secretary of labor, replacing Lori Chavez-DeRemer who resigned amid allegations of abuse of power. Sonderling, who previously held acting roles and leadership positions in Trump's government, must be confirmed by the Senate for the role.

President Donald Trump nominated Keith Sonderling to be the secretary of labor, replacing Lori Chavez-DeRemer who resigned amid abuse-of-power allegations. Sonderling, who has held acting positions in Trump's government, was previously the deputy labor secretary and a member of the Equal Employment Opportunity Commission.

U.S. jobless aid filings decreased to 215,000 in the week ending June 20, below analysts' forecasts of 225,000, indicating low layoffs despite economic challenges. The four-week moving average of claims rose slightly, while total filings for the prior week increased to 1.82 million.

US jobless aid filings decreased to 215,000 in the week ending June 20, below analysts' forecasts of 225,000. The four-week moving average of claims rose slightly to 224,250, while the total number of filings for the prior week increased to 1.82 million.

U.S. jobless aid filings decreased to 215,000 in the week ending June 20, below analysts' forecasts, despite economic headwinds. The four-week moving average of claims rose slightly, while the total number of filings for the prior week increased to 1.82 million.

The male labor force participation rate in the U.S. has declined over generations, with economists attributing this trend to childhood experiences where men observe weak wages and high unemployment among other males. A new study by University of Connecticut economists suggests these early observations shape pessimistic expectations about work, reducing labor force participation later in life.

U.S. jobless aid filings increased to 229,000 in the week ending June 6, the highest since early February but still historically low. Despite concerns over the war in Iran and rising inflation, hiring has improved recently, with 172,000 jobs added in May and a 4.3% unemployment rate. Companies like Verizon, UPS, Amazon, Disney, Starbucks, and Walmart have cut jobs, while job openings rose to 7.6 million in April.

President Donald Trump threatened to strike Iran 'very hard tonight' and claim control of its oil and gas industries, as the U.S. and Iran exchanged strikes, escalating tensions. Cuban officials criticized U.S. Defense Secretary Pete Hegseth's visit to Guantánamo Bay, while the opening of a Detroit River bridge was delayed. U.S. jobless aid filings rose but remained historically low.

US producer prices rose 6.5% year-over-year in May 2025, driven by a 23% monthly surge in wholesale gasoline prices linked to the Iran war. Core wholesale prices increased 0.4% monthly and 4.9% annually, with inflation outpacing the Federal Reserve’s 2% target. Energy disruptions from the Strait of Hormuz shutdown threaten to extend supply issues into the third quarter.