U.S. Jobless-Claims Figures Inflated by States’ Backlog-Clearing

The weekly U.S. jobless claims report shows that 11 million people are on a new federal aid program geared toward the self-employed, accounting for more than a third of total claims across the country. But that figure — cited by economists alongside traditional claims in regular state programs as helping provide a more complete picture […]

Trump Administration Targets ESG Funds With 401(k) Rule

One in four of every professionally invested U.S. dollar is tied to environmental, social and governance criteria. But the Trump administration’s latest proposed rule change may make it harder for ESG funds to attract interest from retirement plans.  On June 23, the Labor Department led by Secretary Eugene Scalia proposed an update to the Employee […]

U.S. Consumer Prices Declined for a Third Month in May

In this article U.S. consumer prices declined in May for a third straight month as the coronavirus-induced recession continued to depress demand. The consumer price index fell 0.1% from the prior month after a 0.8% drop in April that was the biggest since 2008, Labor Department figures showed Wednesday. The gauge increased 0.1% from a […]

Farm Unions Blast Washington State in Worker Safety Suit

Sign up here for our daily coronavirus newsletter on what you need to know, and subscribe to our Covid-19 podcast for the latest news and analysis. Unions representing U.S. farmworkers, many of whom are immigrants and guest workers, escalated their push for safer working conditions during the pandemic with a lawsuit against Washington state. The […]

How to Read Friday’s U.S. Jobs Data and Beyond for Virus Impact

America’s once-robust labor market is collapsing faster than at any point in the last century. The details are about to start showing in the monthly jobs report. Nearly 10 million jobless claims have been filed in the past two weeks as government-mandated shutdowns to contain the coronavirus force companies large and small, and industries from […]