Labor Department

Jobless ranks hit 10 million, most in 25 years

AP | JEANNINE AVERSA | Posted 11.07.2008 | Business


WASHINGTON — The nation's jobless ranks zoomed past 10 million last month, the most in a quarter-century, as piles of pink slips shut factory ga...

Wall Street shrugs off weak economic news

AP | CHRISTOPHER S. RUGABER | Posted 11.04.2008 | Business


WASHINGTON — After months rife with uncertainty and unprecedented events that have roiled and reshaped Wall Street, at least one major unknown s...

Economy sheds most jobs since 2003, more cuts seen

AP | JEANNINE AVERSA | Posted 10.03.2008 | Business


WASHINGTON — Jobs are vanishing at the fastest pace in more than five years with pink slips likely to keep stacking higher in the months ahead, ...

Stocks end lower amid worries after House OKs plan

AP | TIM PARADIS | Posted 10.03.2008 | Business


NEW YORK — In the end, congressional approval of the government's $700 billion financial rescue plan Friday did little to lift the financial mar...

The Department of Labor: A Damage Assessment

Rep. George Miller | Posted 09.01.2008 | Politics


Rep. George Miller

Our nation's workers, battered by unfair global competition, stagnant wages, declining benefits, and poor employer compliance with labor laws, deserve a Department of Labor that lives up to its name.

Dow Jumps Up As Oil Prices Fall

AP | TIM PARADIS | Posted 08.08.2008 | Business


NEW YORK — Wall Street rebounded smartly Friday, shooting higher as a surge in the dollar and another plunge in oil prices eased some of investo...

Stocks fall on worries about financial sector

AP | TIM PARADIS | Posted 08.07.2008 | Business


NEW YORK — Wall Street tumbled Thursday as further troubles in the financial sector, higher unemployment and lackluster retail sales touched off...

Planned Layoffs Rise In July

Reuters | Posted 08.04.2008 | Business


NEW YORK (Reuters) - Planned layoffs at U.S. companies jumped 26 percent in July from June, depicting further deterioration in the labor market, a rep...

Jobless rate rises to 4-year high of 5.7 percent

AP | JEANNINE AVERSA | Posted 08.01.2008 | Business


WASHINGTON — Stores, factories and other businesses large and small showed workers the door last month, sending unemployment to its highest rate...

Minimum Wage Rises Today To $6.55 Per Hour

AP | CHRISTOPHER S. RUGABER | Posted 07.24.2008 | Business


WASHINGTON — About 2 million Americans get a raise Thursday as the federal minimum wage rises 70 cents. The bad news: Higher gas and food prices...

Elaine Chao Must Withdraw 'Secret Rule'

Rep. George Miller | Posted 07.23.2008 | Politics


Rep. George Miller

This secret regulation is a clear attempt by the Bush administration and the business community to fundamentally weaken the scientific process for enacting new regulations that protect American workers.

See America's Fastest Dying Industries

Forbes | JOSHUA ZUMBRUN and BRIAN WINGFIELD | Posted 04.17.2008 | Business


If you're being affected by the downturn in housing or financial services, hang in there. At some point, those industries will rebound. Others should ...

Jobless Claims Highest Since Sept. 2005

AP | JEANNINE AVERSA | Posted 04.03.2008 | Business


WASHINGTON — The number of new people signing up for unemployment benefits last week shot up to the highest level in more than two years, fresh ...

Jobless Claims Rose Last Week

AP | MARTIN CRUTSINGER | Posted 03.20.2008 | Business


WASHINGTON — The number of newly laid off workers filing for unemployment benefits rose last week to the highest level in nearly two months, pro...

Michigan Has U.S.'s Highest Umemployment Rate

Reuters | Posted 03.11.2008 | Business


Michigan again recorded the highest unemployment rate in January, followed by Alaska, with most states recording little change in the measure, the Lab...

Dangerous Cracks Appearing in Job Market

AP | JEANNINE AVERSA | Posted 03.07.2008 | Business


WASHINGTON — Dangerous cracks in the nation's job market are deepening. Employers slashed jobs by the largest amount in five years and hundreds ...

Confidence Plunges, Inflation Rate Soars

AP | Posted 02.26.2008 | Business


NEW YORK — No good news today on the economic front. Consumer confidence plunged, the wholesale inflation rate soared, the number of homes being...

Elaine Chao's Absence of Accountability

Mary Beth Maxwell | Posted 02.20.2008 | Politics


Mary Beth Maxwell

Chao's 'leadership' at the Department of Labor should not be emulated by anyone. She has undermined the agency and failed to serve in the best interests of workers she is charged with protecting.

Housing Slump Fails To Stop Inflation

Bloomberg | Courtney Schlisserman, Bob Willis | Posted 02.20.2008 | Business


The two-year housing slump pushing the U.S. economy toward a recession hasn't alleviated inflation pressures, reports today showed. Consumer prices r...

Stocks Cap Strong Week With Gains

AP | TIM PARADIS | Posted 02.01.2008 | Business


NEW YORK — Wall Street capped a week of big gains with another sizable advance Friday after investors set aside anxiety over news that the econo...

Employment Drops in a Pink Slip Blizzard

AP | JEANNINE AVERSA | Posted 02.01.2008 | Business


WASHINGTON — In a shower of pink slips, U.S. employers cut jobs last month for the first time in more than four years, the starkest signal yet t...

Wall Street Declines After Weak Jobs Report

AP | Tim Paradis | Posted 01.04.2008 | Business


Wall Street plunged again Friday after the government's much-anticipated employment report showed weaker-than-expected job growth and a rise in the u...

Wall Street Closes Mixed On Inflation Jitters

AP | Tim Paradis | Posted 01.03.2008 | Business


Wall Street closed narrowly mixed Thursday as investors traded cautiously ahead of the Labor Department's Friday reading on December employment. Infla...

Stocks Rise After New Jobs Report

AP | Tim Paradis | Posted 01.03.2008 | Business


Stocks rose moderately Thursday after a report of an increase in new jobs during December eased some concerns about the economy a day before the Labor...

Consumer Inflation Surges By Largest Amount In Two Years

AP | MARTIN CRUTSINGER | Posted 12.14.2007 | Business


Consumer inflation surged by the largest amount in more than two years in November, led by gasoline prices. The cost of clothing, airline tickets and ...