DoL

The 98,000 increase followed a 219,000 rise in February that was less than previously estimated, a Labor Department report showed Friday in Washington.

Claims are hovering near the lowest level since the early 1970s, indicating employers remain reluctant to reduce staff amid steady demand and a shortage of workers with relevant skills and experience.

Three important things plan sponsors need to know about the DOL’s decision to push back the implementation date.

The Labor Department will now conduct a review with an eye toward amending or rescinding it.

The Labor Department will lose $2.6 billion under the 2018 budget, likely hindering the agency’s ability to regulate and assist employers, experts say.

While claims are near the highest level this year, weekly filings have been below 300,000 since early 2015, a level that economists consider consistent with a healthy labor market.

Union president Richard Trumka says that anything that dilutes the rule is bad and taking Obama’s overtime expansion away from even one worker could have devastating consequence.

Advisers could get more clarity thanks to a temporary enforcement policy for the new Fiduciary Rule.

With an eye toward potential repeal, Alexander Acosta told senators that he will abide by President Trump's executive memorandum and review the rule's impact.

Jobless claims increased by 15,000 to 261,000 in the week ended March 18, a Labor Department report showed.