Labor market

Shouldn’t the person telling you what to do with your retirement accounts be legally required to act in your best interest? Sounds simple enough, but regulation to that affect has long been resisted by the financial industry. The Obama administration pushed for the so-called Fiduciary Duty Rule, but this week the Labor Department sought to […]

A Washington Post writer explains why job seekers are staying rooted in their communities.

The June employment report from the Bureau of Labor Statistics showed strong job growth – 222,000 – and a 0.1 percent rise in the unemployment rate to 4.4 percent, as more job-seekers entered the labor force. But the rise in average hourly earnings was anemic—up 0.2 percent month over month, 2.5 percent year over year. […]

The Fed today publishes its Labor Market Conditions Index for the month of April. The release follows Friday’s news that the unemployment rate dropped to 4.4 percent last month, near a 10-year low. The index, which Janet Yellen started releasing publicly in 2014, goes further than just looking at the unemployment rate and payroll job […]