US adds 2.5 million jobs in May, unemployment rate dips to 13.3% from 14.7% in April
In a positive development, the unemployment rate in the United States fell to 13.3% in May from 14.7%, and 2.5 million jobs were added in the month.
Jun 05, 2020, 19:00 PM IST
Inflation fizzle may once again leave Fed rate path in doubt
The Federal Reserve will probably express its confidence inflation will climb towards its 2 percent target when it meets this week and delivers a widely expected rate rise, but such assurances are a poor indicator of the Fed`s future policy.
Jun 13, 2017, 11:55 AM IST
'India strong enough to absorb US Fed rate hike'
The Indian economy is strong enough to absorb the impact of the US Federal Reserve's interest rate hike, the government said on Thursday.
Mar 16, 2017, 16:30 PM IST
US unemployment lowest in 9 years as job creation continues
The US unemployment rate in November fell to its lowest level since August 2007 as the economy continued to add new jobs, all but guaranteeing an interest rate hike this month.
Dec 02, 2016, 23:15 PM IST
US job openings hit eight-month high, skills mismatch emerging
US job openings increased in March to the highest level in eight months and layoffs continued to decline, indicating the labor market remains fairly robust despite April`s slowdown in employment gains.
May 10, 2016, 23:59 PM IST
US added 160,000 jobs in April; jobless rate 5%
This is the weakest gain since September, which The Wall Street Journal said is a sign that employers may be turning cautious after the economy slowed early in the year.
May 07, 2016, 00:34 AM IST
US jobless claims fall despite anemic economic growth
The number of Americans filing for unemployment benefits fell more than expected last week, suggesting the labor market continued to strengthen despite tepid economic growth.
Apr 07, 2016, 21:05 PM IST
US job growth slows, unemployment rate at 8-year low
Nonfarm payrolls increased by 151,000 jobs last month and the unemployment rate slipped to 4.9 percent, the lowest since February 2008, the Labor Department said on Friday.
Feb 05, 2016, 22:20 PM IST
Wall Street falls as jobs report fuels rate hike anxiety
U.S. stocks were down in afternoon trading on Friday as a mixed August jobs report did little to quell investor uncertainty over whether the Federal Reserve will increase rates by mid-September.
Sep 04, 2015, 23:13 PM IST
US jobless claims drop to 41-1/2-year
The number of Americans filing new applications for unemployment benefits last week fell to its lowest level in more than 41-1/2 years, suggesting the labor market maintained a solid pace of job growth in July.
Jul 23, 2015, 19:47 PM IST
US jobless claims near 15-year low; producer prices fall
The number of Americans filing new claims for unemployment benefits unexpectedly fell last week, indicating the jobs market was on solid footing even as the economy struggles to regain momentum after abruptly slowing in the first quarter.
May 14, 2015, 22:49 PM IST
US job growth rebounds, keeps 2015 Fed rate hike in play
US job growth rebounded last month and the unemployment rate dropped to a near seven-year low of 5.4 percent, signs of a pick-up in economic momentum that could keep the Federal Reserve on track to hike interest rates this year.
May 09, 2015, 09:42 AM IST
US jobless claims hit 6-week high
New claims for US unemployment insurance benefits rose more than expected last week to their highest level in six weeks, the Labor Department reported Thursday.
Apr 16, 2015, 21:34 PM IST
US job growth brakes sharply, clouds Fed rate hike timing
Nonfarm payrolls rose 126,000 last month, less than half February`s pace and the smallest gain since December 2013, the Labor Department said on Friday.
Apr 03, 2015, 22:48 PM IST
US job growth weakest since 2013; unemployment rate steady
Nonfarm payrolls increased 126,000 last month, the smallest gain since December 2013, the Labor Department said on Friday.
Apr 03, 2015, 18:45 PM IST
US jobless claims rise; Q4 productivity revised down
The number of Americans filing new claims for unemployment benefits last week rose to its highest level since May, which could raise concerns about some weakness in the labor market.
Mar 05, 2015, 20:44 PM IST
Fed opens policy meeting with rate hike looming
The Federal Reserve opened its first monetary policy meeting of the year Tuesday to take the pulse of the US economy and mull the first interest rate hike since 2006.
Jan 28, 2015, 00:10 AM IST
2014 the best year of job growth in US since 1999
The US unemployment rate has dropped to 5.6 percent with the addition of over 2.5 lakh new jobs last month, making 2014 the best year of job growth since 1999.
Jan 09, 2015, 21:32 PM IST
US jobless claims rise, but labor market still strengthening
The number of Americans filing new claims for unemployment benefits rose more than expected last week, but the trend remained consistent with sustained strength in the labor market.
Dec 31, 2014, 20:19 PM IST
US retail sales, jobless claims data improves
US retail sales and jobless claims data showed a strengthening economy Thursday, but prices for exports and imports both fell, signalling little added inflationary pressure in the past month.
Dec 11, 2014, 21:25 PM IST
