Chair says that inflation and unemployment risk have risen, but more observation is needed. The Federal Reserve decided to keep interest rates at a range of 4.25 percent…
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April Employment Numbers Exceed Estimates
Nonfarm jobs were higher than expected even as the federal government downsized. The Bureau of Labor Statistics (BLS) reported an increase of 177,000 nonfarm jobs during April. This…
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President Responds to Jobs Report
150,000 jobs were added to the U.S. economy in February. The U.S. Labor Department released the monthly employment report for February, which showed 150,000 jobs were added. President…
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State Attorneys General Sue President’s Administration Over Mass Layoffs
They allege the firings violate mandatory 60-day notice. Attorneys general from Washington D.C. and 19 states sued President Trump’s administration last week for its mass layoffs of federal…
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President Clarifies Secretaries Make Staffing Decisions While DOGE Advises
President Trump calls Musk a patriot for the federal audit work getting accomplished. President Donald Trump recently said that he informed his Secretaries that final decisions for layoffs…
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Education Department Offered Employees Incentive to Resign
The department warns of additional layoffs in the future. The Education Department emailed its employees on Friday, offering $25,000 or severance pay, “whichever is less,” if they choose…
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Labor Department Addresses Opioid-Induced Unemployment in Florida
$1.5 million will increase health and counseling services to support employment in 21 counties. The Department of Labor awarded $1.5 million to Florida’s Department of Commerce this month,…
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Federal Reserve Cuts Interest Rates
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…
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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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