News | Latest Breaking News Stories & Headlines

The US unemployment rate dropped to 3.6% in March - the lowest since February 2020

US job growth solid in March, unemployment rate falls

US job growth continued at a brisk pace in March, with the unemployment rate falling to a new two-year low of 3.6% and wages re-accelerating.

Business • 01 Apr 22

The US jobless claims have declined from a record high of 6.149 million in early April 2020

US weekly jobless claims lowest since 1969

New applications for US jobless benefits dropped to a 52 and a half low last week, while the number of Americans on unemployment rolls continued to shrink, pointing to rapidly diminishing labour market slack that will keep wage inflation rising.

Business • 24 Mar 22

US nonfarm payrolls surged by 678,000 jobs last month, new figures show today

US job growth accelerates in February

US employers hired far more workers than expected in February, pushing the labour market closer to maximum employment, new figures show today.

Business • 04 Mar 22

Initial claims for state unemployment benefits dropped 18,000 to a seasonally adjusted 215,000 for the week ended February 26

US weekly jobless claims fall for second week in a row

The number of Americans filing new claims for unemployment benefits fell more than expected last week, while layoffs declined sharply in February, indicating that the labour market recovery was gaining steam.

Business • 03 Mar 22

US jobless claims had dropped to a level last seen in 1969 earlier this month

US weekly jobless claims fall in Christmas week

The number of Americans filing new claims for unemployment benefits fell last week, the Labor Department said today.

Business • 30 Dec 21

Initial claims for US jobless benefits tumbled 43,000 to a seasonally adjusted 184,000 for the week ended December 4

US weekly jobless claims lowest in more than 52 years

The number of Americans filing new claims for unemployment benefits dropped to the lowest level in more than 52 years last week as labour market conditions continued to tighten amid an acute shortage of workers.

Business • 09 Dec 21

The US consumer price index rose 0.9% last month after gaining 0.4% in September, the Labor Department said today

US consumer prices surge on higher fuel, food costs

US consumer prices increased more than expected in October as the cost of petrol and food surged, leading to the biggest annual gain since 1990.

Business • 10 Nov 21

The Labor Department said in its closely watched employment report today that non-farm payrolls increased by 194,000 jobs last month

US job growth slows sharply in September

US employment increased far less than expected in September amid a decline in government payrolls, but hiring could pick up in the months ahead as Covid-19 infections subside and people resume the search for work.

Business • 08 Oct 21

Initial claims for state unemployment benefits dropped 35,000 to a seasonally adjusted 310,000 for the week ended September 4, new figures show today

US weekly jobless claims near 18-month low

The number of Americans filing new claims for jobless benefits fell last week to the lowest level in nearly 18 months, offering more evidence that job growth was being hindered by labor shortages rather than cooling demand for workers.

Business • 09 Sep 21

US nonfarm payrolls increased by 235,000 jobs last month after surging 1.053 million in July

US job growth slows sharply in August

US job growth slowed more than expected in August amid a softening in demand for services and persistent worker shortages as Covid-19 infections soared, but the pace was enough to sustain the economic expansion.

Business • 03 Sep 21

US gross domestic product increased at a 6.6% rate, the Commerce Department said today in its second estimate of GDP growth for the second quarter

US Q2 economic growth revised slightly higher

The US economy grew a little faster than initially thought in the second quarter, lifting the level of gross domestic product above its pre-pandemic peak, as massive fiscal stimulus and vaccinations against Covid-19 boosted spending.

Business • 26 Aug 21

Initial claims for state unemployment benefits totaled a seasonally adjusted 412,000 for the week ended June 12, up from 375,000 the previous week

US weekly jobless claims unexpectedly rise

The number of Americans filing new claims for unemployment benefits increased last week for the first time in more than a month, but layoffs are easing amid a reopening economy and a shortage of people willing to work.

Business • 17 Jun 21

New figures show that fewer than expected Americans filed new claims for unemployment benefits last week

US weekly jobless claims fall as Q4 growth revised up

Fewer than expected Americans filed new claims for unemployment benefits last week as economic activity rebounds after weather-related disruptions in February.

Business • 25 Mar 21

US nonfarm payrolls surged 379,000 jobs last month after rising 166,000 in January, the Labor Department figures show

US job growth beats expectations in February

US jobs increased more than expected in February amid falling new Covid-19 cases, quickening vaccination rates and additional pandemic relief money from the government.

Business • 05 Mar 21

Initial claims for US jobless benefits came to a seasonally adjusted 730,000 for the week ended February 20, compared to 841,000 the previous week

US weekly jobless claims fall more than expected

Fewer Americans filed new claims for unemployment benefits last week amid falling Covid-19 infections, but the near-term outlook for the labour market is unclear after winter storms wreaked havoc in the South region in the middle of this month.

Business • 25 Feb 21

Initial claims for state unemployment benefits came to a seasonally adjusted 900,000 for the week ended January 16, new figures show

US weekly jobless claims see moderate decline

The number of Americans filing new applications for unemployment benefits decreased modestly last week as the Covid-19 pandemic tears through the nation, raising the risk of a second month of job losses in a row.

Business • 21 Jan 21

Fed to buy bonds until it sees economic progress

The Federal Reserve has vowed to keep pumping cash into financial markets until the US economic recovery is secure, a promise of long-term help that fell short of hopes of an immediate move to shore up a recent pandemic-related slide.

Business • 17 Dec 20

Initial claims for state unemployment benefits totalled a seasonally adjusted 853,000 for the week ended December 5, new figures show

US weekly jobless claims see bigger than expected rise

The number of Americans filing first-time claims for unemployment benefits increased more than expected last week as mounting new Covid-19 infections caused more business restrictions.

Business • 10 Dec 20

Initial claims for state unemployment benefits totalled a seasonally adjusted 712,000 for the week ended November 28, compared with 787,000 in the previous week

US weekly jobless claims fall but still at high levels

The number of Americans filing first-time claims for jobless benefits fell last week, new figures show today.

Business • 03 Dec 20

Initial claims for state unemployment benefits totalled a seasonally adjusted 742,000 for the week ended November 14

US weekly jobless claims in unexpected rise

The number of Americans filing new claims for jobless benefits unexpectedly rose last week as new business closures to control the spiraling Covid-19 infections unleashed a fresh wave of layoffs and further slowed the labour market recovery.

Business • 19 Nov 20

Initial claims for jobless benefits totalled a seasonally adjusted 898,000 for the week ended October 10, compared to 845,000 the previous week

US weekly jobless claims unexpectedly increase

The number of Americans filing new claims for jobless benefits unexpectedly rose last week, which could heighten fears the Covid-19 pandemic was inflicting lasting damage to the labour market.

Business • 15 Oct 20

US initial jobless claims are more than four times their level at the beginning of the year

US weekly jobless claims stuck at higher levels

The number of Americans filing new claims for unemployment benefits fell last week, but remained perched at extremely high levels as the labor market recovery shifts into low gear and consumer spending cools amid fading fiscal stimulus.

Business • 17 Sep 20

New applications for state unemployment benefits fell to a seasonally adjusted 1.542 million for the week ended June 6, from 1.897 million the previous week

US weekly jobless claims fall, millions still jobless

Layoffs in the US are abating, but millions who lost their jobs because of Covid-19 continue to draw unemployment benefits.

Business • 11 Jun 20

The Labor Department's closely watched monthly report showed the unemployment rate surging to 14.7% in April

US economy lost 20.5 million jobs in April

The US economy lost a staggering 20.5 million jobs in April, the steepest plunge in payrolls since the Great Depression and the starkest sign yet of how the coronavirus pandemic is battering the world's biggest economy.

Business • 08 May 20

US GDP fell at a 4.8% annualised rate in the three months from January to March after expanding at a 2.1% rate in the final three months of 2019

Coronavirus hammered US economy in first quarter

The US economy contracted in the first quarter at its sharpest pace since the Great Recession as stringent measures to slow the spread of the coronavirus almost shut down the country.

Business • 29 Apr 20

Us Unemployment