The tepid gain in the PPE points to “relatively subdued inflation, as most of the increase was driven by volatile categories of goods and services.”
The pick-up in underlying inflation in June "argues against aggressive monetary stimulus from the central bank," an economist says.
A second straight month of strong U.S. job growth is "further evidence that February’s paltry 56,000 increase in jobs was an aberration."
“The rebound in productivity is restraining labor costs and keeping inflation in check,” an economist says.
A Labor Department proposal is an "obvious road map" for companies to evade liability for labor law violations by franchisees, a critic says.
The unexpectedly large gain suggests employers "have not let up one bit on their hiring in response to risks out there in the world economy."
The unexpected drop could allow the Federal Reserve to remain patient on raising rates.
The Fed will view the first decline in the CPI since March as "further proof that price pressures are building more slowly than some have feared."
The gap between openings and unemployed workers could keep pressure on the Fed to raise rates despite a global economic slowdown.
The unemployment rate remained at 3.7% and wages rose 3.1% on an annual basis, indicating continuing strength in the labor market.
The institute has been seeking to improve the quality of plan audits since a critical government report in 2015.
Wholesale prices were up 2.9% year-to-year but other inflation measures appear to have leveled off around the Fed's 2% target.
