Search result for 'labor department'

The Biden administration's new overtime pay rule will make millions more salaried workers eligible for overtime pay, raising the salary threshold to USD 43,888. This rule aims to address wage...

US unemployment claims fell to the lowest level in over a year, indicating a strong labor market despite rising interest rates. Learn more about the latest jobless figures.

US inflation rose slightly in December, driven by higher food and housing costs, signaling continued challenges for the Federal Reserve's inflation-fighting efforts.

The Federal Reserve's preferred inflation measure, the PCE price index, fell in November, signaling continued easing of price pressures despite strong economic performance.

US inflation is expected to have cooled in November, with falling gas prices offsetting food cost increases. The Fed is set to assess interest rates this week.