Executive department responsible for occupational safety, wage laws, unemployment benefits
ADP reports private payrolls rose by 122,000 in May, broadening gains across sectors and outpacing expectations. Education and health services lead growth; information services falls as AI impacts hiring. Pay growth remains steady for stayers and quickens for job switchers as the labor market strengthens ahead of June data.
Chip shares have slumped in several sessions after Broadcom’s earnings miss and a hot jobs report crushed hopes for rate cuts in 2026. The VanEck Semiconductor ETF has fallen about 10% in five days as AI-driven bets weigh on stock prices and investors rethink exposure.
Authorities warn that fraud, waste and abuse in state programs are prompting federal action. A labor department letter to governors signals tighter oversight and potential funding consequences for states with weak controls.
Trump Accounts open for eligible children with a $1,000 seed and tax advantages. Early data shows 1.4 million sign-ups, with policymakers and researchers noting potential for long-term wealth-building and educational outcomes. Adoption remains uneven, influenced by eligibility, education, and outreach.
A CNBC-led review shows women continue to earn less, provide more caregiving, and save differently, widening retirement gaps. While Social Security decisions and new accounts nudge savings, experts warn the gap remains and growth in annuity options is gradual.
The government has released June employment data showing payrolls rising by 57,000, far below forecasts, while the unemployment rate edges down to 4.2%. The labor force participation rate has fallen, highlighting a shift in the job market as fewer people are seeking work. Revisions to May and April data point to a softer hiring pace than previously thought.
President Trump has named Keith Sonderling, acting labor secretary, to take the role permanently. The nomination awaits Senate confirmation as concerns over past actions at the Labor Department surface. Reports outline Sonderling’s prior roles, including deputy labor secretary and EEOC member, and note challenges tied to Lori Chavez-DeRemer’s resignation.
The June 2026 US jobs report shows leisure and hospitality employment has fallen by 61,000, undermining expectations that the World Cup would spur hiring. Overall employment rose modestly, with revisions to May and April figures, and analysts weigh whether the tournament will lift local economies in other ways.
Thousands gather for July 4th celebrations in Washington as security tightens and a severe heat wave tests public endurance. Trump headlines a Freedom 250 program on the National Mall, while other cities adjust plans amid storms and high temperatures.
U.S. Treasury yields have inched lower as traders await the Federal Reserve’s June meeting minutes and NATO Summit discussions in Ankara. The 10-year yield sits around 4.46%, with the 2-year near 4.11% and the 30-year just under 5%. Investors are positioning ahead of key data on jobless claims and existing home sales, while foreign-policy talks add geopolitical risk to the backdrop.
The labor market has a mix of resilience and weakness. Job openings remain elevated in some sectors while hiring slows overall, with unemployment near 4.1% to 4.2% and labor-force participation at historic lows for this cycle. New data suggest a stubborn, low-hire economy as rates stay high and uncertainty persists.
Nonfarm payrolls have declined slightly in July while the unemployment rate has fallen, driven by a drop in government employment and a shrinking labor force. Private payrolls rose, sending mixed signals about the health of the labor market and the Fed's next move.
A wave of AI-assisted recruiting is expanding 24/7 interviews and boosting retention in some firms, while raising concerns about bias and unequal access. Reports highlight that AI tools are accelerating hiring and enabling broader inclusion, yet surveys show candidate drop-off and perceived evaluation gaps in AI-led processes.
The latest data show inflation cooling in July while wholesale prices slow and gas costs retreat, signaling a possible continuation of easing consumer prices. Yet analysts warn wage growth and volatile energy prices could rekindle pressure in coming months.
The US DHS has published a draft rule to make a $103,265 H-1B visa fee permanent, following a prior $100,000 temporary charge that faced legal challenges. The rule adds to existing costs and would not apply to certain in-country, student-visa holders. Courts are weighing the legality as lawsuits question presidential authority and Congress approval.