labor department

The SPDR S&P 500 (NYSE: SPY) is volatile Tuesday morning after the Labor Department reported a 6.4% year-over-year increase in the consumer price index for January, marking the fourth straight lower print.  What Happened: The headline CPI rose 6.4% last month, down...

Prominent market commentator Jim Cramer reportedly said the January jobs report shows the economy will remain resilient, despite the Federal Reserve’s interest rate hikes. What Happened: “If the Fed Chief wants to raise interest rates quarter after quarter, this economy can actually...

Former U.S. Treasury Secretary Lawrence Summers believes Friday’s jobs report is a huge miss from the consensus and the labor market is running very different than lots of other indicators in the economy that are showing some signs of real slowing. What Happened: “One idea would be that...

Consumer prices rose at the pace in December that economists were projecting, signaling the Federal Reserve is starting to make progress in its fight against historically high inflation. What Happened: The consumer price index rose 6.5% in December, down from 7.1% in November, according to...

U.S. initial jobless claims ticked slightly lower last week, showing strength in the labor market despite continued rate hikes from the Federal Reserve. What Happened: Jobless claims decreased by 4,000 for the week ending Nov. 12 to 222,000 from an upwardly revised level of...

Apple Inc. (NASDAQ: AAPL) stock had a stellar run on Thursday amid the equity market revival and, in the process, made its way into the record books. What Happened: Apple shares gapped up at the open after a Labor Department report showed annual headline inflation slowed from 8.2% in September to...

U.S. initial jobless claims ticked lower last week, but not by much. Unemployment insurance filings still remain near historically low levels. The Jobless Number: Jobless claims decreased by 1,000 for the week ending Oct. 29 to 217,000 from the previous week's...

U.S. job openings unexpectedly jumped last month, signaling labor demand remains strong despite the Federal Reserve's efforts to cool inflation and loosen the historically tight labor market.  What Happened: Employment openings increased to 10.7 million in September,...

U.S. initial jobless claims ticked higher last week, but came in below economist estimates and still remain near historically low levels. The Jobless Number: Jobless claims increased by 3,000 for the week ending Oct. 22 to 217,000 from an unrevised level of 214,000 in the prior...

The latest Consumer Price Index data shows that gasoline prices fell nearly 5% in September, but fuel costs are still up more than all other categories since last year. Despite airlines continuing to offset rising fuel costs with higher fares, demand isn't...

The Labor Department on Thursday reported an 8.2% year-over-year increase in the consumer price index for September, which sent the SPDR S&P 500 (NYSE: SPY) tumbling lower.  What Happened: The headline CPI rose 8.2% in September, down from 8.3% in August...

The SPDR S&P 500 (NYSE: SPY) turned negative premarket Thursday after the Labor Department reported an 8.2% year-over-year increase in the consumer price index for September, a potential sign that the Fed will continue to be aggressive in its fight against runaway inflation. What...

U.S. initial jobless claims unexpectedly fell last week to the lowest levels since April, signaling the labor market remains resilient despite continued rate hikes from the Federal Reserve. What Happened: Jobless claims decreased by 16,000 for the week ending Sept...

The Labor Department on Tuesday reported an 8.3% year-over-year increase in the consumer price index for August, which sent the SPDR S&P 500 (NYSE: SPY) and the Invesco QQQ Trust (NASDAQ: QQQ) spiraling lower.  The headline CPI rose 8.3% in August, down from 8.5% in July,...

Unemployment insurance filings unexpectedly fell for the first time in three weeks, flashing a positive sign for U.S. labor demand. What Happened: Claims fell by 2,000 for the week ended Aug. 13 to 250,000 total, according to data the Labor Department released on Thursday....