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. Initial jobless claims were unchanged last week at 208,000, according to the Bureau of Labor Statistics, ... 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. With strong data accumulating, current conditions ... 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. New hires inched down to 6.7 million and job separations were little changed, at 5.8 million, according to Labor ... READ MORE >
A Labor Department rule puts spotlight on ESG in retirement plans
As investors increasingly focus on environmental, social and governance issues in the corporate sector, an important question remains: What is the true purpose of ESG? Is it to drive returns, or to simultaneously do right by society? Along with that question has come concern over fiduciary ... READ MORE >