Department of Labor News Updates

The Labor Department’s producer price index — which captures inflation before it reaches consumers — soared 6.3% in September from a year ago, the biggest increase since December 2022.

The consumer price index rose 3.7% in September compared with a year ago, the Labor Department said Oct. 14, up from 3.4% in August. 

ATA supported Keith Sonderling’s nomination, pointing to his involvement in trucking policy issues and participation in industry advocacy events.

Keith Sonderling, who was confirmed 47-41, has been the acting secretary since April and has served in multiple roles within the department over the course of his career. 

The Labor Department said Sept. 11 that the consumer price index rose 3.4% last month compared with a year ago.

The Labor Department’s producer price index — which captures inflation before it reaches consumers — rose 5.4% in August from a year ago, up from 4.7% in July.

Labor Department revisions added 55,000 to June and July payrolls. Employers created 21,000 jobs in July; the Labor Department had originally reported that they’d cut 23,000.

PPI rose 4.7% in July from a year ago, down from a much larger 5.5% increase in June. On a monthly basis, wholesale prices were unchanged from June to July, after they ticked down 0.1% the previous month.

Consumer prices rose 3.4% in July from a year ago, down from 3.5% in June, and up 0.1% from June.

In addition, Labor Department revisions shaved 103,000 jobs off payrolls in May and June. The unemployment rate dipped to 4.1% only because Americans left the job market.