Expectations were dashed when 263,000 jobs were added in November, but October was revised sharply higher.

The Labor Department reported on Friday that a better-than-expected 263,000 jobs were added in November, indicating that the labor market is refusing to bend under the weight of higher interest rates and a weakening economy.

The figure was much above predictions of 200,000, while Octobe...

Initial Jobless Claims Hit 219k Last Week

According to Thursday's report from the Labor Department, the number of first claims for unemployment benefits jumped by 29,000 to 219,000.

That's down from the corrected figure of 191,000 the week before. Meanwhile, the 4-week moving average was up 250 from the previous period,...

August saw a 315K job increase, and the unemployment rate increased to 3.7%.

The Labor Department reported on Friday that employers added 315,000 jobs in August, which was in line with predictions but a significant decrease from July.

This figure is compared to the revised 526,000 jobs that were added in July, which was more than double the anticipated amount. P...

US ECONOMY ADDED 850,000 NEW JOBS IN JUNE

Highlights

• This addition happens to above the average of the last three months.

• The Thursday’s Labor Department report stated that unemployment claims went down by 51,000 to 364,000

Bright signs of the American economy are clearly as the employers...

US ECONOMY CONTINUES TO IMPROVE, UNEMPLOYMENT CLAIMS SLUMP TO 376,000

Highlights

• The worst affected economy in the globe courtesy of the COVID-19 saw jobless claims going down to 376,000 which is 9,000 lesser than last week’s 385,000

• A Labor Department report released on Tuesday said the job openings had hit a record 9.3 mill...

US UNEMPLOYMENT CLAIMS FALL BY 20,000 TO 385,000

Highlights

• According to the Labor Department, the number of jobless claims went to 385,000, falling by 20,000 as compared to the week before

• Nearly 1.8 million jobs were added by the employers in the US this year, which is an average of over 450,000 a month

US LABOR BOARD SAYS AMAZON ILLEGALLY FIRED TWO EMPLOYEES WHO CRITICISED ITS WORK CONDITIONS

Highlights

• The charge filed in October and seen by Reuters, Amazon had fired Emily Cunningham and Maren Costa

• The US National Labor Relations Board on Monday said that its regional director is Seattle will be issuing a complaint if the parties are not able to set...

916,000 JOBS WERE ADDED IN U.S. IN MARCH, UNEMPLOYMENT RATE PLUNGES BY 6%

Highlights

• This surge in jobs is a result of increased vaccinations and lesser curbs on businesses

• The Labor Department report said nonfarm payrolls went up by 916,000 in March and February unemployment was revised up to a 468,000 gain

• As per the...

US WEEKLY JOBLESS CLAIMS FALL TO A ONE-YEAR LOW

Highlights

• This fall indicates that the economy is improving and one of the major reason behind this is vaccinations

• The Labor Department report showcased that 18.953 million people were still receiving unemployment checks in early March

According to a ...

US UNEMPLOYMENT CLAIMS GO UP TO 770,000 AS LAYOFFS REMAIN HIGH

Highlights

• According to the report released by the Labor Department on Thursday, the jobless claims went up to 770,000 from 725,000 the week before

• The average of four weeks claims plunged to 746,000, which is the lowest since late November

• The L...

US ECONOMY ADDED 379,000 JOBS IN FEBRUARY

Highlights

• The speed of hiring last month was exceptional as compared to January and also the strongest since October

• According to several economists, what the country is currently seeing is broad, slow gains and it is consistent with a slow reawakening of the la...

US UNEMPLOYMENT CLAIMS GO UP TO 861,000

Highlights

• The Labor Department on Thursday said that applications from laid-off workers jumped 13,000 from the previous week, which was revised sharply higher 

• Before the first case of the virus was reported in the month of March last year in the United Sta...

US PRODUCTIVITY SLUMPS SHARPLY AT 4.8% RATE IN OCTOBER-DECEMBER QUARTER

Highlights

• The report released on Thursday stated that after rising strongly in the first two quarters, the productivity fell at a rate of 4.8 percent in the last quarter

• The labor costs has gone up by 6.8 percent rate in the quarter ended in December after it we...

U.S. ECONOMY SHEDS JOBS FOR THE FIRST TIME SINCE APRIL IN THE MONTH OF DECEMBER

Highlights

• The data for November was revised up to show 336,000 jobs went up instead of 245,000 as reported earlier

• While the labor market is suffering, the chances of economy falling back into the recession is very low courtesy of the $900 billion stimulus appro...

U.S. CONSUMER SPENDING WENT DOWN BY 0.4% IN NOVEMBER

Highlights

• According to the U.S. Commerce Department report released on Wednesday, this slump in consumer spending in the November comes after a gain of 0.3 percent in October

• Last time consumer spending went down was in the month of April, when the fall was 12.7...

FIRST SIGNS OF RECOVERY AS U.S. JOBLESS CLAIMS SLUMP LAST WEEK

Highlights

• According to the Labor Department report, new jobless claims came in at 803,000 for the week ended on December 19

• It is being said that despite high hopes from COVID-19 vaccine rollout, the economy will remain impacted as the country is once again repo...

U.S. JOBLESS CLAIMS JUMP TO A THREE-MONTH HIGH

Highlights

• The number of US citizens filing for first-time claims for jobless benefits went up to a near three-month high in the last week

• The number of claims for state unemployment benefits went up by 137,000 to seasonally adjusted 853,000 for the last week, wh...

U.S. ECONOMY ADDED ONLY 245,000 JOBS IN FINAL REPORT OF 2020

Highlights

• This number is lower than predicted by the economists as they had predicted the economy would add nearly 440,000 jobs

• While the number of COVID-19 cases are again going upwards and several states are issuing stay-at-home orders, the number of jobs adde...

COVID IMPACT: U.S. JOBLESS CLAIMS JUMP FOR SECOND CONSECUTIVE WEEK

Highlights

• According to the Labor Department’s report, the number of jobless claims surged from 748,000 the week before to 778,000

• Several economists and market analysts have stated that as COVID-19 cases are going upwards at an increased pace, the restrict...

U.S. WEEKLY UNEMPLOYMENT CLAIMS JUMP TO 742,000

Highlights

• According to the data released by the US Labor Department, first-time jobless claims went up by seasonally adjusted 31,000 to 742,000 in a week ended on November 14

• The government said another 320,237 people have applied for benefits via temporary fede...