U.S. Hiring Slows Sharply to Weakest Point in a Year

U.S. hiring was the weakest in more than a year while wage gains were the fastest of the expansion and the unemployment rate fell, a possible sign that America’s jobs engine is starting to slow down. Nonfarm payrolls increased by 20,000 after an upwardly revised 311,000 gain the prior month, a Labor Department report showed […]

Fidelity Is Reportedly Facing a Government Probe Over Hidden Fees

Fidelity Investments is facing a Labor Department probe into a supposedly hidden fee that could take a significant bite out of investors’ returns, according to a new report from the Wall Street Journal. Fidelity runs an asset management platform called FundsNetwork that thousands of third-party 401(k) plans use to reach the company’s customers. The fee, […]

Latest Unemployment Benefits Claims Hint Labor Market Is Regaining Strength

Filings for U.S. unemployment benefits fell by more than expected to a four-week low, a sign the labor market is regaining its footing following the longest-ever government shutdown. Jobless claims declined to 216,000 in the week ended Feb. 16, below forecasts for 228,000, Labor Department figures showed Thursday. The four-week average, a less volatile measure, […]