labor

Fed Gov. Christopher Waller said the labor market is weak enough to warrant another rate cut in December.

The Federal Reserve’s Beige Book indicates softening consumer spending and a loss of momentum in the labor market.

The Federal Reserve’s Beige Book indicates softening consumer spending and a loss of momentum in the labor market.

The latest batch of weekly jobless-claims data brought more evidence Wednesday that the labor market is stuck in neutral: Layoffs are subdued, but hiring has slowed.

Wednesday’s move, though expected for months, will have a major impact on one of the country’s immigrant communities, as well as employers dependent on their labor.