Jobless Claims

India's unemployment rate rose to 8.0% in November, highest in three months, from 7.77% in the previous month, data from the Centre for Monitoring Indian Economy (CMIE) showed

On inflation, he said that though it's a concern from the business angle, it can nevertheless provide a minimum threshold of returns on productive assets

India's unemployment rate hit a four-month high in December, data from the Centre for Monitoring Indian Economy (CMIE) showed

Continuing claims for state benefits fell to 2.8 million in the week ended Sept. 18.

Though the fiscal boost is fading and COVID-19 cases are rising in states with lower vaccination rates, consumer spending will likely continue to grow.

NEW YORK (Reuters) -U.S. stock markets turned positive on Thursday as investors digested data showing a two-month high in unemployment claims as the country still grapples with the pandemic, while yields on safe-haven assets such as U.S. Treasuries eased.

India's June unemployment rate fell to 9.17% from the May figure of 11.90%, data from the Centre for Monitoring Indian Economy (CMIE) showed on Thursday

Rate for the week to June 13 fell to 8.7% from 13.6% a week ago, data from Centre for Monitoring Indian Economy showed.

The claims dropped to 406,000, a new low since the Covid-19 pandemic ravaged the labour market early last year, the US Labour Department reported

Unadjusted claims dropped 47,170 to 709,458 last week, amid declines in Texas, New York and Mississippi, where claims had been boosted in the prior period by harsh weather

Mega-cap stocks Microsoft, Apple, Facebook and Amazon.com led the rally, recouping losses from a recent pullback and helping the benchmark S&P 500 surpass its Feb. 16 peak of 3,950.43

The United States is in the midst of a fresh wave of COVID-19 infections, with 4.2 million new cases and more than 35,000 coronavirus-related deaths reported in November.

Thursday's reports underscored the economy's strength and supported views that the United States would weather the impact of last month's British referendum to leave the EU