Us Jobless

US weekly jobless claims jump to 235,000, highest level since June

Economists said the continuing claims trend was consistent with the unemployment rate rising to 4.3 per cent in August from 4.2 per cent in July

Jobless teachers' protest outside Bengal Education Dept enters third day

School teachers, who lost their jobs following a Supreme Court order last month, continued their demonstration outside the West Bengal Education department headquarters in Salt Lake, for the third day on Saturday. Around 1,000 teachers continued their sit-in outside the Bikash Bhavan throughout Friday night-Saturday morning peacefully as police personnel kept watch from a distance. The teachers, who had cleared the 2016 School Service Commission (SSC) examination but lost their jobs after a Supreme Court order last month, are demanding that the state government take legal steps to reinstate them in their services. The Supreme Court had invalidated the appointment of 25,753 teachers and other staff in state-aided schools and termed the entire selection process "vitiated and tainted". Several protesters claimed that many members of the forum continued a sit-in outside the Bikash Bhavan throughout the night. "We have urged thousands of teachers, civil society members and others to ..

US jobless claims rise to 219,000, but layoffs remain relatively low

More Americans filed unemployment claims last week, but the labour market remains healthy and there are still relatively few layoffs. US applications for jobless benefits rose by 11,000 to 219,000 for the week ending February 1, the Labour Department said Thursday. Analysts were projecting only 213,000 new applications. Weekly applications for jobless benefits are considered representative of layoffs. The four-week average, which evens out some of the weekly volatility, rose by 4,000 to 216,750. While the labour market did start to show some minor signs of weakness last year, jobs remain plentiful and layoffs historically low. Last month, the Labour Department reported that job growth in December surged and unemployment fell. Employers added 256,000 jobs in the final month of 2024 and the unemployment rate ticked down to 4.1 per cent. The final jobs report of 2024 showed that the economy and hiring were able to grow at a solid pace even with interest rates much higher than they w

US weekly jobless claims fall 1,000 to 219,000: Labour department

Initial claims for state unemployment benefits fell by 1,000 to a seasonally adjusted 219,000 for the week ended Dec. 21, the Labor Department said

US weekly jobless claims rise 9,000 to seasonally adjusted 224,000

Initial claims for state unemployment benefits rose 9,000 to a seasonally adjusted 224,000 for the week ended Nov. 30

US weekly jobless claims up slightly, strong rise in unit labour costs

Though the labor market is easing, wage pressures are not showing a significant cooling, casting a shadow over the inflation and interest rate outlook

US jobless claims fall to five-month low as impact of two storms fades

Initial claims decreased by 12,000 to 216,000 in the week ended Oct. 26. The median forecast in a Bloomberg survey of economists called for 230,000 applications

US weekly jobless claims drop by 15,000 to 227,000: Labour department

The labour department said that initial claims for state unemployment benefits dropped 15,000 to a seasonally adjusted 227,000 for the week ended Oct.19

Weekly applications for US jobless claims fall to lowest level in 4 months

The number of Americans applying for unemployment benefits fell to their lowest level in four months last week. Jobless claims slid by 12,000, to 219,000, for the week of Sept 14, the Labour Department reported Thursday. That's fewer than economist expectations for 230,000 new filings. The four-week average of claims, which evens out some of weekly volatility, fell by 3,500 to 227,500. The total number of Americans collecting jobless benefits fell by 14,000 to about 1.83 million for the week of Sept. 7. That's the fewest since early June. Weekly filings for unemployment benefits are considered largely representative of layoffs.

US weekly jobless claims rise moderately on low layoff, slow labour market

Government data last week showed nonfarm payrolls increasing by less than expected in August but the unemployment rate falling to 4.2 per cent from 4.3 per cent in July

US hiring rebounds slightly, unemployment rate dips amid slowing job market

Hiring by America's employers picked up a bit in August from July's sluggish pace, and the unemployment rate dipped for the first time since March in a sign that the job market may be cooling but remains sturdy. Employers added 142,000 jobs last month, up from a scant 89,000 in July, the Labour Department said on Friday. The unemployment rate ticked down to 4.2 per cent from 4.3 per cent in July, which had been the highest level in nearly three years. Collectively, Friday's figures depict a job market slowing under the pressure of high interest rates but still growing. Many employers are responding to the resilience of consumers, who stepped up their spending in July, even after adjusting for inflation. With inflation falling steadily back to the Federal Reserve's 2 per cent target, the Fed is preparing to cut its key interest rate from a 23-year high. Friday's mixed report on the job market raises the question of how large a cut the Fed will announce after it meets September 17-18.

US worker productivity strong in fourth quarter; weekly jobless claims rise

Nonfarm productivity, which measures hourly output per worker, increased at a 3.2% annualized rate last quarter, the Labor Department's Bureau of Labor Statistics said on Thursday

US jobless applications fall to lowest level since September 2022

The number of Americans applying for unemployment benefits last week fell to its lowest level in more than a year, underscoring the resilience of the labour market despite elevated interest rates that are intended to cool the economy. Jobless claim applications fell to 187,000 for the week ending January 13, a decrease of 16,000 from the previous week, the Labor Department reported Thursday. That's the fewest since September of 2022. The four-week average of claims, a less volatile reading, fell by 4,750 to 203,250. That's the lowest four-week average in almost a year. Overall, 1.81 million Americans were collecting jobless benefits during the week that ended Jan. 6, a decline of 26,000 from the previous week. Weekly unemployment claims are viewed as representative for the number of US layoffs in a given week. They have remained at extraordinarily low levels despite high interest rates and elevated inflation.

Weekly US jobless claims at 2-month low; labour market gradually easing

The government reported on Wednesday that job openings fell to near a three-year low in November. Labor market strength is expected to again shield the economy from recession this year

New US unemployment benefits claims rise again as labor market cools

The figures tend to be volatile around the holidays. The four-week moving average, which offers a clearer picture of the trend, was little changed at 212,000 last week, the lowest since late October

US weekly unemployment claims rise moderately by 5,000 to 217,000

Initial claims for state unemployment benefits rose 5,000 to a seasonally adjusted 217,000 for the week ended Oct. 28, the Labor Department said

Gold prices steady as US jobless claims rise to 210K; crude oil drops

Spot gold was nearly unchanged at $1,977.79 per ounce by 1131 GMT

US jobless claims hold steady at 20-month high, current account gap widens

Data from the Bureau of Labor Statistics on Thursday showed 264,000 new claims were filed for jobless benefits on a seasonally adjusted basis in the week ended June 17

US weekly jobless claims hit 1-1/2-year high; producer inflation cooling

The government reported on Wednesday that the annual increase in consumer prices slowed to below 5% in April for the first time in two years

US unemployment claims increase to 239,000, led by jump in California

Initial unemployment claims rose by 11,000 to 239,000 in the week ended April 8, Labor Department data showed Thursday