Labor Department

WASHINGTON | US employers post record number of open jobs in August

WASHINGTON — U.S. employers posted the most jobs in two decades in August, and hiring also reached a record high, fresh evidence that companies are desperate to staff up amid solid economic growth. Job openings rose a slight 0.8 percent to 7.14 million, the highest on records dating back to December 2000, the Labor Department … Continue reading WASHINGTON | US employers post record number of open jobs in August

WASHINGTON | US consumer prices up slight 0.1 percent in September

WASHINGTON— Consumer prices edged up a slight 0.1 percent in September as energy prices retreated after a big gain in August. The Labor Department said Thursday that the September gain in its closely watched consumer price index followed a 0.2 percent rise in August. It was the smallest monthly gain since June. Inflation has been … Continue reading WASHINGTON | US consumer prices up slight 0.1 percent in September

NEW YORK | Stocks sink again as job gains send bond yields even higher

NEW YORK — U.S. stocks are falling again Friday as investors continue to worry about rising bond yields and interest rates. The Labor Department said the economy continues to add jobs at a strong pace, which makes it more likely rates will keep rising. The yield on the 10-year Treasury note has soared over the … Continue reading NEW YORK | Stocks sink again as job gains send bond yields even higher

NEW YORK | Markets Right Now: Stocks gain and bond yields rise further

NEW YORK — The latest on developments in financial markets (all times local): 9:35 a.m. U.S. stocks are opening higher while bond prices are falling again after the Labor Department said the economy continues to add jobs at a strong pace. The federal government said Friday that employers added more jobs in July and August … Continue reading NEW YORK | Markets Right Now: Stocks gain and bond yields rise further

WASHINGTON | US unemployment rate falls to 49-year low of 3.7 percent

WASHINGTON — The U.S. unemployment rate fell to 3.7 percent in September — the lowest level since December 1969 — while hiring slowed. Employers added just 134,000 jobs, the fewest in a year, the Labor Department said Friday. But that figure was likely lowered by Hurricane Florence. Florence struck North and South Carolina in the … Continue reading WASHINGTON | US unemployment rate falls to 49-year low of 3.7 percent

WASHINGTON | US consumer prices rose an annual 2.7 percent in August

WASHINGTON — Consumer prices rose 2.7 percent in August from a year earlier, with higher housing and gasoline costs driving most of the increase. The Labor Department said Thursday that the consumer price index advanced 0.2 percent on a monthly basis. Despite the monthly gain, annual inflation softened from the 2.9 percent pace set during … Continue reading WASHINGTON | US consumer prices rose an annual 2.7 percent in August

NEW YORK | US stocks jump as inflation slows; tech rebounds

NEW YORK — U.S. stocks are climbing Thursday morning after the Labor Department said inflation slowed a bit in August. Technology companies like Apple and Microsoft made some of the largest gains after a recent bout of uncertainty, and chipmaker Qualcomm jumped after it announced a big stock repurchase. Stock indexes in Turkey and other … Continue reading NEW YORK | US stocks jump as inflation slows; tech rebounds

WASHINGTON | Solid US job growth is likely to be reported for August

WASHINGTON — U.S. employers likely hired at a healthy pace in August, emboldened by brisk consumer spending and an economy that keeps growing steadily. Economists have forecast that employers added 189,000 jobs in August and that the unemployment rate dipped from an already-low 3.9 percent to 3.8 percent, according to data provider FactSet. That would … Continue reading WASHINGTON | Solid US job growth is likely to be reported for August