Page 2 - Us Job Data

US service sector growth picks up in February on strong demand, job growth

A spike in imports accounts for a large share of the setback, reflecting a scramble by companies to secure goods from overseas ahead of tariffs from the Trump administration

US weekly unemployment claims rise marginally to 219,000: Labour dept

Initial claims for state unemployment benefits rose 5,000 to a seasonally adjusted 219,000 for the week ended February 15, the Labor Department said

US job growth slows more than expected in Jan, unemployment rate at 4.0%

Nonfarm payrolls increased by 143,000 jobs last month after rising by an upwardly revised 307,000 in December, the Labor Department's Bureau of Labor Statistics said

US job openings post biggest drop in 14 months, falls to 7.6 mn in December

Job openings, a measure of labor demand, decreased 556,000 to 7.6 million on the last day of December, the Labor Department's Bureau of Labor Statistics said

US prices increases in December amid accelerating consumer spending

The accompanying policy statement did not include the reference to inflation having made progress toward the Fed's 2% target. No rate cut is expected before June

US job openings rise unexpectedly to 8.1 million in November, hiring falls

US job openings rose unexpectedly in November, showing companies are still looking for workers even as the labour market has cooled overall. Openings rose to 8.1 million in November from 7.8 million in October, the Labour Department reported Tuesday. They were down from 8.9 million a year earlier and a peak of 12.2 million in March 2022 as the economy was roaring back from COVID-19 lockdowns. But they still exceed pre-pandemic levels. Economists had expected job openings to fall slightly in November. Layoffs rose slightly in November, and the number of people quitting their jobs fell, suggesting that Americans are less confident in their ability to find better jobs elsewhere. The American labour market has cooled from the red hot hiring of 2021-2023. Employers added 1,80,000 jobs a month in 2024 through November, not bad but down from 2,51,000 in 2023; 3,77,000 in 2022, and a record 6,04,000 in 2021. When the Labour Department releases December hiring numbers on Friday, they're ..

Is it fair to pay foreign workers less? Co-founder of this US firm says yes

Franco Pereyra, co-founder, COO of Near sparked an online debate by claiming that the less pay for third-world countries employees is justifiable. However, people denied and countered the narrative

US weekly unemployment claims unexpectedly fall 22,000 to 220,000

Initial claims for state unemployment benefits dropped 22,000 to a seasonally adjusted 220,000 for the week ended Dec 14

US job growth up in November as Boeing workers return, hurricanes over

Based on the November estimate, job growth would be trending around 145,000 over the past three months, which economists said was consistent

Gold prices steady as market anticipates key US jobs data, Powell's speech

South Korean lawmakers urged President Yoon Suk Yeol to resign or face impeachment after he briefly declared and then reversed martial law, sparking a political crisis

Vivek Ramaswamy indicates massive federal government job cuts in US

Entrepreneur-turned politician Vivek Ramaswamy, who along with Tesla owner Elon Musk has been nominated in-charge of the Department of Government Efficiency, has indicated a massive cut in federal government jobs in the United States. "Elon Musk and I are in a position to start the mass deportations of millions of unelected federal bureaucrats out of the DC bureaucracy. That, too, is how we're going to save this country," Ramaswamy, an Indian American, said at an event in Mar-a-Lago in Florida on Thursday. "I don't know if you've got to know Elon yet, but he doesn't bring a chisel. He brings a chainsaw. We are going to be taking it to that bureaucracy. It's going to be a lot of fun, he said. We've been taught to believe over the last four years that we have become a nation in decline, that we're at the end of the ancient Roman Empire. All we have is to fight over the scraps of some shrinking pie. I don't think we have to stay as that nation in decline. I think with what happened las

US markets begin month cautiously ahead of upcoming jobs data, elections

Before then is the payrolls report at 1230 GMT. A Reuters survey of economists predicts an increase of 113,000 jobs last month, down sharply on disruptions from hurricanes and strikes by aerospace

US job openings fall to 3.5-year low in July on labour market slowdown

Job openings, a measure of labor demand, had fallen by 237,000 to 7.673 million on the last day of July, the lowest level since January 2021

Nifty IT soars 2% amid positive US job data, rebound in global markets

The rally in IT stocks came on the heels of a major drop in US jobless claims, which fell to 233,000 for the week ending August 3-the largest decline in nearly a year.

Weekly unemployment claims rise to 11-month high of 249,000: US labour dept

Initial claims for state unemployment benefits increased 14,000 to a seasonally adjusted 249,000 for the week ended July 27, the highest level since August last year

US job openings edge lower in June, labour resilience underpinning economy

Job openings have been steadily declining since hitting a record 12.182 mn in March 2022 as demand moderates in response to the Federal Reserve's aggressive interest rate hikes

US job gains blow past expectations in May, wage growth accelerates

Nonfarm payrolls increased by 272,000 jobs last month, the Labor Department's Bureau of Labor Statistics said

Indian govt bond yields to edge lower, tracking decline in US peers

The bond yields are also likely to fall after the government announced a buyback of securities worth 400 billion rupees on Friday

Moderate slowdown in US job, unemployment rate likely to be unchanged

Economists said this could allow the Fed to let the economy to run a little stronger before cutting rates

US job growth: Payrolls seen hitting at least 200,000 for a fourth month

Average hourly earnings are projected to climb 4.1 per cent from the same month last year, the smallest annual advance since mid-2021