Labor Department Archives - CFO

Stat of the Week: Workers Quitting Heightens Hiring Struggles

Stat of the Week: Workers Quitting Heightens Hiring Struggles

Quits and job openings show why employers have to pay higher wages to attract talent.

By Vincent Ryan | January 28, 2022

U.S. Inflation Surges at Highest Rate Since 1982

U.S. Inflation Surges at Highest Rate Since 1982

The 7% increase in the CPI last month indicates there is "still tremendous momentum when it comes to inflation right now."

By Matthew Heller | January 12, 2022

U.S. Adds Only 199,000 Jobs in December

U.S. Adds Only 199,000 Jobs in December

Economists see low unemployment and high labor-force participation as signs of labor market strength heading into 2022.

By Matthew Heller | January 7, 2022

U.S. Inflation Leaps 6.8% in November

U.S. Inflation Leaps 6.8% in November

The rise in the consumer price index was the biggest since 1982 and it was the sixth straight month that inflation has topped 5%.

By Matthew Heller | December 10, 2021

Record 4.4 Million Quit Jobs in September

Record 4.4 Million Quit Jobs in September

With the pace of quitters, “employers are basically having to replace their entire staff in just a couple of months."

By Matthew Heller | November 15, 2021

Jobs Market Storms Back With 531,000 Gain

Jobs Market Storms Back With 531,000 Gain

“This was a strong employment report that shows the resilience of the labor market recovery from the pandemic."

By Matthew Heller | November 5, 2021

Labor Costs Gauge Surges 1.3% in Q3

Labor Costs Gauge Surges 1.3% in Q3

“It is hardly surprising that employers are having to pay up given the shortage of qualified labor at the moment."

By Matthew Heller | October 29, 2021

U.S. Adds Only 194,000 Jobs in September

U.S. Adds Only 194,000 Jobs in September

“Employment is slowing when it should be picking up because we’re still on the course set by the virus."

By Matthew Heller | October 8, 2021

U.S. Consumer Prices Increase 5.4% in June

U.S. Consumer Prices Increase 5.4% in June

"June’s big inflation number will ramp up scrutiny of price-related data as policymakers assess whether the economy is at greater risk of overheating."

By Matthew Heller | July 13, 2021

U.S. Consumer Prices Surge 4.2% in April

U.S. Consumer Prices Surge 4.2% in April

The largest gain in the CPI in nearly 12 years reflects in part the comparison to extremely weak inflation a year ago amid pandemic lockdowns.

By Matthew Heller | May 12, 2021

U.S. Economy Adds Only 266,000 Jobs in April

U.S. Economy Adds Only 266,000 Jobs in April

“It turns out it’s easier to put an economy into a coma than wake it up," one economist says.

By Matthew Heller | May 7, 2021

Jobs Market Continues Surge With 916,000 Gain

Jobs Market Continues Surge With 916,000 Gain

With government relief checks and the accelerating vaccine rollout, "there is finally real light at the end of the tunnel."

By Matthew Heller | April 5, 2021

U.S. Consumer Prices Increase 0.4% in February

U.S. Consumer Prices Increase 0.4% in February

Economists expect the rise in prices to continue into the summer, pushing inflation past the Federal Reserve’s 2% target.

By Matthew Heller | March 10, 2021

Labor Cost Index Rises 0.7% in Fourth Quarter

Labor Cost Index Rises 0.7% in Fourth Quarter

“Overall, compensation costs are likely to remain subdued going forward, reflective of a high level of unemployment that will restrain wages."

By Matthew Heller | February 1, 2021

U.S. Loses 140,000 Jobs Amid New Lockdowns

U.S. Loses 140,000 Jobs Amid New Lockdowns

The December jobs report shows "the economy’s not just tapping on the brakes, but actually has been thrown into reverse."

By Matthew Heller | January 8, 2021