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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 rise 9,000 to seasonally adjusted 224,000
Updated On : 05 Dec 2024 | 8:10 PM IST

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 weekly jobless claims up slightly, strong rise in unit labour costs
Updated On : 07 Nov 2024 | 11:11 PM IST

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 jobless claims fall to five-month low as impact of two storms fades
Updated On : 31 Oct 2024 | 7:54 PM IST

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

US weekly jobless claims drop by 15,000 to 227,000: Labour department
Updated On : 24 Oct 2024 | 6:59 PM IST

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.

Weekly applications for US jobless claims fall to lowest level in 4 months
Updated On : 19 Sep 2024 | 9:02 PM IST

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 weekly jobless claims rise moderately on low layoff, slow labour market
Updated On : 12 Sep 2024 | 7:21 PM IST

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 hiring rebounds slightly, unemployment rate dips amid slowing job market
Updated On : 06 Sep 2024 | 7:19 PM IST

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 worker productivity strong in fourth quarter; weekly jobless claims rise
Updated On : 01 Feb 2024 | 7:59 PM IST

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.

US jobless applications fall to lowest level since September 2022
Updated On : 18 Jan 2024 | 10:41 PM IST

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

Weekly US jobless claims at 2-month low; labour market gradually easing
Updated On : 05 Jan 2024 | 12:02 AM IST

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

New US unemployment benefits claims rise again as labor market cools
Updated On : 28 Dec 2023 | 8:30 PM IST

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

US weekly unemployment claims rise moderately by 5,000 to 217,000
Updated On : 02 Nov 2023 | 6:28 PM IST

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

Gold prices steady as US jobless claims rise to 210K; crude oil drops
Updated On : 26 Oct 2023 | 11:19 PM IST

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 jobless claims hold steady at 20-month high, current account gap widens
Updated On : 22 Jun 2023 | 6:32 PM IST

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 weekly jobless claims hit 1-1/2-year high; producer inflation cooling
Updated On : 11 May 2023 | 8:56 PM IST

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

US unemployment claims increase to 239,000, led by jump in California
Updated On : 13 Apr 2023 | 8:36 PM IST

US jobless claims jump to 211,000, led by New York, California, shows data

Initial unemployment claims increased by 21,000 to 211,000 in the week ended March 4, Labor Department data showed Thursday

US jobless claims jump to 211,000, led by New York, California, shows data
Updated On : 09 Mar 2023 | 11:37 PM IST

US jobless insurance claims near historic low despite cooling economy

Applications for US unemployment insurance last week fell slightly, hovering around historically low levels as the labor market holds strong despite a weakening economy

US jobless insurance claims near historic low despite cooling economy
Updated On : 04 Feb 2023 | 12:25 AM IST

US weekly jobless claims fall to 222,000 despite rapid Fed rate hikes

The U.S. job market remains healthy as fewer Americans applied for unemployment benefits last week, despite the Federal Reserve's rapid interest rate hikes this year intended to bring down inflation and tighten the labour market. Applications for jobless claims for the week ending Nov. 12 fell by 4,000 to 222,000 from 226,000 the previous week, the Labour Department reported Thursday. The four-week moving average rose by 2,000 to 221,000. The total number of Americans collecting unemployment aid rose by 13,000 to 1.51 million for the week ending Nov. 5. a seven-month high, but still not a troubling level. Applications for jobless claims, which generally represent layoffs in the U.S., have remained historically low this year, deepening the challenges the Federal Reserve faces as it raises interest rates to try to bring inflation down from near a 40-year high.

US weekly jobless claims fall to 222,000 despite rapid Fed rate hikes
Updated On : 17 Nov 2022 | 9:12 PM IST

US adds 263,000 jobs; unemployment rate falls to 3.5% in September

Economists polled by Reuters had forecast 250,000 job gains, with estimates ranging from as low as 127,000 to as high as 375,000

US adds 263,000 jobs; unemployment rate falls to 3.5% in September
Updated On : 07 Oct 2022 | 9:35 PM IST