It is the second consecutive rate cut since inflation has begun to flatten. The Federal Reserve met for its final meeting of 2024, opting to reduce banking interest…
Read MoreUnemployment
Labor Department Documents Mixed Inflation Cues in August Report
The department also released employment numbers, which missed projections. In its monthly inflation report released Wednesday, the Department of Labor found that the consumer price index increased 0.2…
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Federal Reserve Informally Agrees on Interest Rate Cuts
Members point to an unexpected decrease in inflation rates. Federal Reserve members expressed the intent to lower interest rates at the upcoming meeting on September 17 and 18.…
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Labor Department Announces Modernization Effort for UI Programs
The agency is following up on recommendations from GAO. The Department of Labor announced the OpenUI Initiative to help state agencies improve the reliability of unemployment insurance (UI)…
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Labor Department Reports Over 1.8 Million on Unemployment
Claims went up 13.1 percent over the previous week. The Labor Department reported that the number of people in the U.S. who are receiving unemployment benefits rose last…
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Acting Labor Secretary Responds to September Jobs Report
Hospitality employment numbers draw an upbeat statement. Acting Secretary of Labor Julie Su expressed optimism over the latest employment report released by the Bureau of Labor Statistics. The…
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Grants Offered to Prevent Unemployment Insurance Fraud
The Labor Department funding is intended to strengthen unemployment insurance programs. The U.S. Department of Labor has announced three funding options, that come to a total of $327…
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IRS Changes Tax Brackets for 2023 Tax Year
Officials cite inflation as the reason for the changes. The Internal Revenue Service announced it is making multiple changes to its tax code for 2023. They are including…
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Labor Department Reports Higher Job Gains than Expected
The leisure and hospitality industries experience the greatest gains in January. The latest Labor Department jobs report shows the U.S. added 517,000 jobs in January, outstripping the forecast…
Read MoreJob Creation Higher than Expected in December
The president applauds the report. The Department of Labor announced that 223,000 jobs were added to the U.S. economy in December. Officials report that the unemployment rate has…
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