Page 3 - Us Employment
Asian shares mostly higher on upbeat United States jobs, growth data
Asian shares rose Friday, powered by encouraging signs that the US economic recovery from the pandemic is gaining momentum. President Joe Biden's proposal for a USD 6 trillion budget also boosted buying of shares likely to benefit from heavy government spending. Tokyo's Nikkei 225 index climbed 2.1 per cent and other regional benchmarks all were higher. Shares in Chinese online retail giant JD.com Inc.'s logistics arm rose 4.3 per cent on their first trading day in Hong Kong after it raised 24 billion Hong Kong dollars (USD 3.1 billion) by selling a portion of the unit to outside investors. JD Logistics Inc. is the latest technology company to list in the semi-autonomous Chinese city as Beijing steps up scrutiny of the industry. Its IPO was the second largest for the market this year after short video firm Kuaishou raised USD 5.3 billion. Markets were lifted by mostly positive reports. The number of Americans who filed for unemployment benefits fell yet again to a pandemic low of
 "Asian shares mostly higher on upbeat United States jobs, growth data")
US companies add most number of jobs in seven months, ADP data shows
All but one industry saw payroll improvements
 "US companies add most number of jobs in seven months, ADP data shows")
US Fed's 'maximum employment' push may fall short in post-pandemic economy
The Fed is not expected to change its policy guidance after its two-day meeting this week
 "US Fed's 'maximum employment' push may fall short in post-pandemic economy")
US employment growth picks up, hiring remains a widespread challenge: Fed
US employment growth has recently picked up, but hiring remains a "widespread" challenge, the Federal Reserve said
 "US employment growth picks up, hiring remains a widespread challenge: Fed")
Fed minutes highlight willingness to steer past coming inflation
The Fed made few changes to its policy statement at its last meeting in January, and did not issue new economic forecasts
 "Fed minutes highlight willingness to steer past coming inflation")
US weekly jobless claims edge down as labor market recovery stalls
The number of Americans filing new applications for unemployment benefits inched down last week, consistent with a recent stalling in the labor market recovery.
 "US weekly jobless claims edge down as labor market recovery stalls")
New fiscal stimulus Bill hopes make S&P 500 jump to record high
(Reuters) - The S&P 500 jumped to an all-time high on Friday as data showing the slowest jobs growth in six months reinforced expectations for a new fiscal stimulus bill to help revive the economy from its worst downturn in decades.
 "New fiscal stimulus Bill hopes make S&P 500 jump to record high")
US weekly jobless claims drop modestly; labor market recovery cooling
The economy could be plunged into a period of uncertainty following Tuesday's presidential election
 "US weekly jobless claims drop modestly; labor market recovery cooling")
US job openings decline in August, fewer workers quit, shows data
The number of people voluntarily quitting their jobs fell by 139,000 to 2.79 million.
 "US job openings decline in August, fewer workers quit, shows data")
Covid-19: US unemployment rate drops by more than expected, to 8.4%
Nonfarm payrolls increased by 1.37 million, including the hiring of 238,000 temporary Census workers, according to a Labor Department report Friday
 "Covid-19: US unemployment rate drops by more than expected, to 8.4%")
US unemployment claims fell to 881,000 last week indicating improvement
The number of initial unemployment claims in the US fell to 881,000 last week, after staying above the 1 million mark for two consecutive weeks
Ford Motor to trim US workforce by 1,400; offer early retirement incentives
Most of the reductions would take place in the area of Dearborn, Michigan, where Ford has its headquarters and large product development and engineering operations
 "Ford Motor to trim US workforce by 1,400; offer early retirement incentives")
Mobile workers to make 60% of total US workforce by 2024, says IDC
The US mobile worker population will grow at a steady rate over the next four years, accounting for nearly 60 per cent of the total workforce, a new IDC report said on Tuesday.
 "Mobile workers to make 60% of total US workforce by 2024, says IDC")
Federal Reserve to target 2% average inflation, elevates focus on jobs
Under the new approach, the US central bank will seek to achieve inflation averaging 2% over time, offsetting below-2% periods with higher inflation "for some time"
 "Federal Reserve to target 2% average inflation, elevates focus on jobs")
US employment growth slows sharply in July amid Covid-19 pandemic
Talks have been dragging over differences on major issues, including the size of a government benefit for unemployed workers
US adds 1.8 mn jobs in July as spike in Covid-19 cases stalls hiring
With confirmed viral cases still elevated in much of the nation and businesses under continued pressure, many employers appear reluctant or unable to hire
 "US adds 1.8 mn jobs in July as spike in Covid-19 cases stalls hiring")
Trump move to ban H-1B visa will hurt job creation, warns business chamber
The visa suspension, which runs to the end of the year, seems to open up some 525,000 jobs for American workers, a senior administration official told reporters
 "Trump move to ban H-1B visa will hurt job creation, warns business chamber")
Top headlines: Indo-China border tensions, JLR plans job cuts, and more
From job cuts at Jaguar Land Rover to SC notice to plea over medical cover on mental illness, Business Standard brings to you top events of the day
 "Top headlines: Indo-China border tensions, JLR plans job cuts, and more")
IT companies jittery over Donald Trump's plan to suspend H-1B visa
The Indian information technology industry, which has long been a beneficiary of the H-1B visa regime, is likely to be directly impacted if such a suspension is announced for a longer term.
 "IT companies jittery over Donald Trump's plan to suspend H-1B visa")
30 million have sought US unemployment aid since coronavirus hit
Economists forecast that the unemployment rate for April could go as high as 20 per cent.
 "30 million have sought US unemployment aid since coronavirus hit")
