US Unemployment Rate

Nonfarm payrolls increased 12,000 last month, and hiring over the previous two months was weaker than previously thought, suggesting the underlying labor market continues to cool

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

Initial claims for state unemployment benefits dropped 19,000 last week to a seasonally adjusted 241,000 for the week ended Oct. 12

At 6:40 AM, GIFT Nifty futures were trading 89 points higher at 25,262 levels, suggesting a robust opening for the markets.

The labour market, however, is likely to experience some brief turbulence after Hurricane Helene devastation

Initial claims for state unemployment benefits dropped 7,000 to a seasonally adjusted 227,000 for the week ended Aug. 10, the Labour Department said

Market sources and media reports concur that today's global sell-off may trigger an early rate cut by the US Federal Reserve

The employment report also showed increase in annual wages last month was smallest in more than three years, effectively sealing the case for the U.S. central bank to cut interest rates in September

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

The economy, which continues to outperform its global peers despite hefty rate hikes from the Fed in 2022 and 2023, remains supported by a resilient labor market even as the unemployment rate has rise

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

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

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

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

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

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

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

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

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

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