Page 2 - Us Unemployment Rate

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

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 job growth strong in March; unemployment rate falls to 3.5% from 3.6%

Some of the slowdown in hiring reflected the fading boost from unseasonably mild weather in January and February

US unemployment rate at 53-year low; pressure on Federal Reserve

The Fed earlier this week increased the rate by a quarter-of-a-percentage-point to 4.5 -4.75 per cent

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

Amazon begins new round of job cuts, lays off over 18,000 people: Report

Amazon has started notifying its employees affected by its new round of layoffs, as a part of its plan to reduce its headcount by around 18,000 people, the media reported