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  • Weekly US applications for jobless benefits slide to lowest level in 5 months

    U.S. applications for unemployment benefits fell by 7,000 to 221,000 for the week ending July 22, from 228,000 the week before, the Labor Department reported Thursday.

  • Feb job openings slip to 9.9M; a win in inflation fight?

    Vacancies fell from 10.6 million in January, the Labor Department said Tuesday, notably in healthcare and in professional services, which includes managerial and technical jobs. Openings rose for construction workers.

  • Wall Street rises as growth stocks bounce after inflation data

    Reflecting the sentiment, the benchmark U.S. 10-year Treasury yield fell to 2.70% after scaling 2.83% earlier in the day, a level last seen in late 2018.

  • US inflation jumped 8.5% in past year, highest since 1981

    From February to March, inflation rose 1.2% , the biggest month-to-month jump since 2005.

  • US jobless claims drop, showing no Omicron hit yet

    Initial claims for state unemployment benefits dropped to a seasonally adjusted 198,000 for the week ended December 25 from a revised 206,000 a week earlier.

  • Wall Street drops as strong inflation data fuels rate hike bets

    The Labor Department's data showed U.S. consumer prices increased by the most in nearly 12 years in April as booming demand amid a reopening economy pushed against supply constraints. In the 12 months through April, the CPI shot up 4.2%, from a low base last year.

  • 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..

  • US unemployment claims fall to a pandemic low of 498,000

    Thursday's report from the Labor Department showed that applications declined 92,000 from a revised 590,000 a week earlier.

  • Declines in income and spending raise new concern about the recovery

    A report from the Commerce Department showed that personal income fell in November for the second straight month and that consumer spending fell for the first time since April.

  • Coronavirus unleashing new wave of US layoffs

    New claims for state unemployment benefits totaled a seasonally adjusted 2.123 million for the week ended May 23, from a revised 2.446 million in the prior week, the Labor Department said on Thursday.

  • US job growth seen strong in February; wages to rebound

    Nonfarm payrolls probably increased by 190,000 jobs last month, according to a Reuters survey of economists, in part as unseasonably mild weather buoyed employment in the construction sector. The economy created 227,000 jobs in January.

  • US jobless claims hit lowest level in more than 43 years

    Washington, Jan 19 (AP) The number of Americans seeking unemployment benefits dropped last week to the lowest level in more than 43 years, another sign that most American workers enjoy job security.

  • US unemployment rate falls to 4.9% on solid job creation

    Average hourly earnings also saw their strongest gains in seven years, rising 2.8 percent to USD 25.92.

  • US nonfarm payroll job growth seen pushing case for Fed hikes

    Nonfarm payrolls are expected to have risen by 175,000 last month from 151,000 in August, according to a Reuters survey of economists.

  • EM equity rally to continue; Fed to hike in Q12017: ING Bank

    Although the US economy is not booming, it is on a growth path and is likely to pave way for rate hikes from Federal Reserve but only by Q12017, said Tim Condon, Head of Research-Asia, ING Bank.

  • US consumer price gains slow; underlying inflation supported

    The Labor Department said on Thursday its Consumer Price Index increased 0.2 percent last month after rising 0.4 percent in April. In the 12 months through May, the CPI advanced 1.0 percent after rising 1.1 percent in April.

  • US Producer Price Index up 0.4% in May vs 0.3% increase expected

    US producer prices rose for a second straight month in May as the cost of energy products and services increased, but the lingering effects of a strong dollar and lower energy prices will likely keep inflation tame for a while

  • US productivity contracts modestly in first quarter

    The Labor Department said on Tuesday productivity, which measures hourly output per worker, contracted at an annualized rate of 0.6 percent, instead of the 1.0 percent pace reported last month.

  • US employment gains seen accelerating in February

    Nonfarm payrolls probably increased by 190,000 jobs last month in the US Labor Department's report due on Friday, with the unemployment rate holding at an eight-year low of 4.9 percent, according to a Reuters survey of economists.

  • US jobless claims rise; import prices sharply weaker

    Other data on Thursday showed import prices tumbled in December for a sixth straight month, weighed down by lower oil prices and a strong dollar. The data pointed to tame consumer prices that could keep inflation this year below the Federal Reserve's 2 percent target.

  • US jobs market seen fairly healthy despite slowing economy

    Nonfarm payrolls probably increased by 200,000 jobs, just a slight step down from the 211,000 created in November, according to a Reuters survey of economists. The unemployment rate is expected to have held steady at a 7-1/2-year low of 5 percent.

  • Solid US employment report a green light for Dec rate hike

    The unemployment rate held at a 7-1/2-year low of 5 percent, even as people returned to the labor force in a sign of confidence in the jobs market. The jobless rate is in a range many Fed officials see as consistent with full employment and has dropped seven-tenths of a percentage point this year.

  • US Consumer Price Index rose 0.2% in Oct, meets estimates

    The modest rise in inflation last month could offer more support to expectations that the Federal Reserve will raise interest rates next month. The Labor Department said on Tuesday its Consumer Price Index increased 0.2 percent last month, reversing September's 0.2 percent drop.

  • US jobless claims rise, four-week average lowest since 1973

    Initial claims for state unemployment benefits increased 1,000 to a seasonally adjusted 260,000 for the week ended October 24, the Labor Department said on Thursday

  • US Job creation misses big in September

    Unemployment held at 5.1 percent, according to the Labor Department. A separate member that includes those who are working part-time for economic reasons or have not looked for employment fell to 10.0 percent.

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