New OT Rules Force Hard Choices On Small BusinessesThe government's new rules requiring overtime pay for millions of workers have small business owners facing some hard choices. The rules issued by the Labor Department on Wednesday take effect on December 1.
Halliburton Pays More Than $18 Million In Back OvertimeHalliburton has agreed to pay almost $18.3 million in back overtime to more than 1,000 employees to settle a wage and hour case brought by the U.S. Labor Department.
Report Shows US Added 257K Jobs, Unemployment Up To 5.7%U.S. employers hired at a stellar pace last month, wages rose by the most in six years, and Americans responded by streaming into the job market to find work.
US Job Openings Near 13-Year High, Hiring RisesThe number of U.S. job openings remained near the highest level in 13 years in July, and companies also stepped up hiring that month to the fastest pace in nearly seven years, two signs the job market is slowly healing.
US Jobless Claims Drop To 5-Year LowThe number of Americans seeking unemployment aid fell last week to the lowest level in five years, evidence that employers are cutting fewer jobs and may step up hiring.
Weekly US Jobless Aid Applications Rise To 372KMore Americans sought unemployment benefits last week, though the winter holidays likely distorted the data for the second straight week.
US Consumer Prices Tick Up As Rental Costs RiseRising food costs and higher rents offset a drop in gas prices last month, leaving consumer prices only slightly higher in October compared with the previous month.
US Economy Adds 171K Jobs, Rate Rises To 7.9 PercentU.S. employers added 171,000 jobs in October and hiring was stronger over the previous two months than first thought. The unemployment rate inched up to 7.9 percent from 7.8 percent in September because the work force grew.
Deal Trims Maximum Jobless Benefits To 73 WeeksLong-term unemployed workers in states with persisting high joblessness soon would no longer be able to count on unemployment benefit checks for up to 99 weeks under legislation before Congress.
Payrolls Drop By 125K, Jobless Rate Falls