Page 2 - Us Unemployment Rate

Job growth moderates in June; unemployment rises to 4.1%: US Labor dept

Nonfarm payrolls increased by 206,000 jobs last month, the Labor Department's Bureau of Labor Statistics said in its closely watched employment report on Friday

US job growth expected to slow down, unemployment rate to remain steady

Financial markets remain optimistic the Fed could start its easing cycle in September after aggressively tightening monetary policy in 2022 and 2023

US weekly unemployment claims rise, pointing to labour market slowdown

Initial claims for state unemployment benefits rose 4,000 to a seasonally adjusted 238,000 for the week ended June 29, the Labor Department said on Wednesday

US economic growth revised lower for Q1; weekly jobless claims edge up

The labor market is steadily rebalancing in the wake of 525 basis points worth of interest rate hikes from the Federal Reserve since March 2022 to slow demand in the overall economy

US unemployment benefits claims fall as labour market continues to thrive

The number of Americans applying for unemployment benefits fell last week as layoffs remained historically low despite the Federal Reserve's efforts to loosen the labor market. Jobless claims for the week ending May 18 fell by 8,000 to 215,000, down from 223,000 the week before, the Labor Department reported Thursday. The four-week average of claims, which softens some of the week-to-week volatility, rose a modest 1,750 to 219,750. Weekly unemployment claims are considered a proxy for the number of U.S. layoffs in a given week and a sign of where the job market is headed. They have remained at historically low levels since millions of jobs were lost when the COVID-19 pandemic hit the U.S. in the spring of 2020. The Federal Reserve raised its benchmark borrowing rate 11 times beginning in March of 2022 in a bid to stifle the four-decade high inflation that took hold after the economy rebounded from the COVID-19 recession of 2020. The Fed's intention was to loosen the labor market an

Unemployment rate highest in country under Modi govt: Priyanka Gandhi

Congress leader Priyanka Gandhi Vadra on Saturday hit out at the Narendra Modi government over jobs and inflation, saying the unemployment rate is the highest in the country. Addressing a campaign rally at Udgir in Latur district for the Congress candidate, she said 30 lakh posts are lying vacant in the Central government which have not been filled in the last ten years. "Hardships (of the people) and unemployment have risen in the last ten years. 70 crore people, youth are unemployed," Gandhi said. The AICC general secretary also said GST (Goods and Services Tax) has been imposed on every (piece of) agricultural equipment and promised to abolish it after Congress comes to power. Gandhi alleged democracy was being weakened while in Maharashtra, legislators were bought, governments toppled, and parties were being split. "There is no bigger crime than what is happening to democracy," she added. Congress has fielded eye surgeon Shivaji Kalge in Latur (SC) Lok Sabha constituency agai

US weekly unemployment claims remain unchanged at low level of 212,000

The U.S. central bank has kept its policy rate in the 5.25%-5.50% range since July. It has raised the benchmark overnight interest rate by 525 basis points since March of 2022

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 weekly jobless claims for unemployment benefits rises more than expected

The number of people receiving benefits after an initial week of aid, a proxy for hiring, dropped 19,000 to 1.791 million during the week ending March 23, the claims report showed

Gold prices gain after US jobless claims rise, market focus shifts to NFP

Spot gold was up 0.6% at $2,050.32 per ounce by 9:46 a.m. ET (1446 GMT), eyeing its fourth straight session of gains. U.S. gold futures steadied at $2,068.00

US growth likely slowed last quarter but still exhibited resilience

The nation's economy was supposed to have sunk into recession by now, dragged down by the highest interest rates in two decades and a resulting slump in borrowing and spending. Instead, the US economy has kept chugging along. Even more encouraging, inflation, which touched a four-decade high in 2022, has edged steadily lower without the painful layoffs that most economists had thought would be necessary to slow the acceleration of prices. On Thursday, the Commerce Department is expected to report that the nation's gross domestic product the economy's total output of goods and services rose at an annual rate of around 2 per cent from October through December. That would mark a deceleration from a vigorous 4.9 per cent growth rate in the July-September quarter. But it would still showcase the surprising durability of the world's largest economy, marking the sixth straight quarter in which GDP has expanded at a solid annual pace of 2 per cent or more. Helping fuel that growth has bee

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 10-year yields hit three-month lows on concerns for weak jobs report

Private payrolls rose by 103,000 jobs last month, the ADP National Employment Report showed on Wednesday, below forecasts for 130,000 in jobs gains

US unemployment claims drop by 24,000, hints of labour market resilience

The number of Americans applying for unemployment benefits fell sharply last week, a sign that U.S. job market remains resilient despite higher interest rates. The Labor Department reported Wednesday that jobless claims dropped by 24,000 to 209,000. The previous week's total 233,000 had been the highest since August. The four-week moving average of claims, which smooths out week-to-week volatility, fell by 750 to 220,000. The applications are viewed as a proxy for layoffs. They remain extraordinarily low by historical standards, signalling that most Americans enjoy unusual job security. Overall, 1.84 million Americans were receiving unemployment benefits the week that ended Nov. 11, down by 22,000 from the week before. The Federal Reserve has raised its benchmark interest rate 11 times since March 2022 to slow the economy and rein in inflation that hit a four-decade high last year. The job market and economic growth remained surprisingly resilient, defying predictions that the ..

Rupee, government bond gain post favorable US non-farm payroll data

The central bank had not given any timeline for OMO sales and said it will depend on the ongoing liquidity situation

US job growth slows in October; unemployment rate rises marginally to 3.9%

The labor market is the major force behind the economy's staying power, with gross domestic product recording an annualized growth pace of nearly 5% in the third quarter

US consumer likely to start cutting back, hurting economy and stocks

The finding is at odds with the optimism that's permeated US equity markets for most of the summer, as cooling inflation and low unemployment bolstered hopes for a so-called soft landing

US unemployment claims tumbled last week after fraud-inflated jump

Some economists have been wary about drawing strong conclusions from the data amid reports that fraudulent claims have been behind the recent upward trend in filings

US job growth beats expectations in April; unemployment rate falls to 3.4%

Average hourly earnings gained 0.5% after advancing 0.3% in March. Wages increased 4.4% on a year-on-year basis in April after climbing 4.3% in March

US unemployment claims tick up to 245,000, but still low by standards

The number of Americans applying for unemployment benefits rose last week but remains low by historic standards. U.S. jobless claims rose by 5,000 to 245,000, the Labour Department reported Thursday. The four-week moving average of claims, which evens out week-to-week ups and downs, fell by 500 to 239,750. At the start of the year, weekly claims were running around 200,000 and they have gradually moved higher. The weekly claims numbers are a proxy for layoffs, and they show that American workers enjoy unusual job security despite rising interest rates, economic uncertainty and fears of a looming recession. The U.S. job market is healthy overall. At 3.5% last month, the unemployment was a tick above January's half-century low 3.4%. Employers added 236,000 jobs in March, down from 472,000 in January and 326,000 in February but still strong by historic standards. The inflation fighters at the Federal Reserve worry that a tight job market puts upward pressure on wages and on overa