Despite a slowdown in productivity and rising labor unit costs, the economy continues to show strength with initial jobless claims staying near recent lows and factory orders posting solid growth. … READ MORE >
Labor Department
Jobs and inflation data show a still-strong economy
Both producer inflation and jobless claims came in stronger than expected in the most recent government reports released on Thursday. The data adds further pressure on the Federal Reserve as it aims to steer the economy toward a soft landing. … READ MORE >
CHART OF THE DAY: Job openings set another record at 10.9 million in July
Job openings in the United States reached a record 10.9 million in July, continuing to show that the demand for workers remains strong while employers struggle to fill job vacancies. … READ MORE >
A Labor Department rule puts spotlight on ESG in retirement plans
The Labor Department recently affirmed that managers of retirement plans hold a fiduciary duty to evaluate investments over ESG criteria or other nonfinancial outcomes … READ MORE >