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    • US employment growth slows sharply in April amid labor shortages

      By Lucia MutikaniWASHINGTON U.S. job growth unexpectedly slowed in April, likely restrained by worker shortages that have left businesses scra..

    • India's election-bound Bihar state records nearly double national jobless rate

      The latest state unemployment data released on Tuesday is a lagging indicator and the current jobless rate was expected to be much higher as millions of unemployed labourers return home due to a nationwide lockdown to curb the spread of coronavirus.

    • India's October jobless rate rises to 8.5%, highest in over 3 years: CMIE

      India's infrastructure output fell 5.2% in September from a year earlier, the worst performance in years, government data showed on Thursday, while the industrial output shrank at its fastest rate in more than six years in August.

    • US weekly jobless claims total 267,000 vs 270,000 estimate

      Claims have been below 300,000, a threshold associated with a buoyant labor market, for 42 consecutive weeks, the longest stretch since the early 1970s.

    • FOMC minutes a market diversion until Jackson Hole

      Fed Chair Janet Yellen and ECB President Mario Draghi are among those speaking at Jackson Hole, with Yellen slated to open the gathering with an address on labor markets, and a portion of the Fed's dual mandate, ie: maximum employment and inflation, or price stability.

    • Pace of hiring in US steady; manufacturing weak: Expert

      The decline in the jobless rate is a breather for the United States of America (USA), says M Cary Laehey, senior advisor, Decision Economics. But he cautions that some of the details such as the decline in the workweek do take an edge off the report.

    • Spain's economic siesta continues

      Spain reported another quarter of economic decline on Tuesday, with the economy contracting 0.5 percent in the first quarter, compared to the previous three month period. Spain`s IBEX 35 (Mercado Continuo: .IBEX-ES) rose 0.77 percent in early trade as the numbers were in line with the Bank of Spain`s forecast.

    • Strapped US states chop jobless aid

      US states are making "unprecedented" cuts to unemployment benefit programs, hoping to keep their budgets in line as the country's jobless rate shows no sign of budging, according to a report the National Employment Law Project released on Wednesday.

    • Oil spike may drive Fed, ECB split

      The US Federal Reserve and European Central Bank may go their separate ways if Middle East unrest provokes a sustained, inflationary oil price spike.

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