US Employment

Amid the layoffs come another bad news for employees, especially from India in the US, as Google has paused its Program Electronic Review Management (PERM) program

US employers added more jobs than expected in October while wages rose firmly, underscoring the resilience of the labor market despite the Federal Reserve's aggressive efforts to cool it down.

Railroads have been struggling with service issues they say have been caused by worker shortages, and in september struck a labour deal to avoid a nationwide strike

The latest data marks the economy's first contraction since the Covid-19 pandemic impacted the country in early 2020, Xinhua news agency reported

As the pandemic has eased, consumers have been broadening their spending beyond goods to services

Initial jobless claims in the US last week fell to 214,000, the lowest level since the beginning of this year, the Labour Department reported

Private payrolls increase 475,000 in February; January data revised higher to show gain instead of loss

US employers added 467,000 jobs in January amid the Omicron surge, with the unemployment rate slightly rising to 4.0 per cent, the US Labor Department reported on Friday.

But the dollar was still down 1.7% on the week, on pace for its largest weekly percentage decline since November 2020.

Asian stock markets were mixed Friday as traders looked ahead to data on U.S. employment costs that might influence Federal Reserve decisions on planned interest rate hikes.

The 199,000 increase in nonfarm payrolls last month followed upward revisions in the prior two months, a Labor Department report showed Friday.

Since adopting a new approach to US monetary policy weighted towards ensuring a strong labor market, Federal Reserve officials have been reluctant to define key terms like "maximum employment"

While lockdowns and home offices have made many Americans consider a change, anyone thinking about leaving a job should do so thoughtfully and with intention

The number of Americans applying for unemployment benefits fell last week, another sign that the US job market and economy continue their steady recovery from last year's coronavirus recession.

Initial jobless claims in regular state programs totaled 419,000 in the week ended July 17, up 51,000 from the prior week, Labor Department data showed Thursday

Eight of the 11 major S&P 500 sector indexes were trading lower, with technology falling 0.5% and set to snap a four-day winning streak.

The number of Americans applying for unemployment benefits has reached its lowest level since the pandemic, evidence that economy and job market are rebounding from pandemic recession.

The Labor Department's closely watched report showed nonfarm payrolls increased by 559,000 jobs last month, helped by vaccinations and a reopening economy

World shares rose Friday, powered by encouraging signs that the U.S. economic recovery from the pandemic is gaining momentum. U.S. futures also were higher. President Joe Biden's proposal for a USD6 trillion budget helped boost buying of shares likely to benefit from heavy government spending. Germany's DAX added 0.4per cent to 15,472.06 and the CAC 40 in Paris also added 0.4per cent, to 6,462.47. In London, the FTSE 100 picked up 0.4per cent to 7,045.51. The future for the S&P 500 was up 0.3per cent and the future for the Dow industrials rose 0.5per cent. Shares in Chinese online retail giant JD.com Inc.'s logistics arm rose 3.3per cent on their first trading day in Hong Kong after the company raised 24 billion Hong Kong dollars (USD3.1 billion) by selling a portion of the unit to outside investors. JD Logistics Inc. is the latest technology company to list in the semi-autonomous Chinese city as Beijing steps up scrutiny of the industry. Its IPO was the second largest for the ..

Asian shares rose Friday, powered by encouraging signs that the US economic recovery from the pandemic is gaining momentum. President Joe Biden's proposal for a USD 6 trillion budget also boosted buying of shares likely to benefit from heavy government spending. Tokyo's Nikkei 225 index climbed 2.1 per cent and other regional benchmarks all were higher. Shares in Chinese online retail giant JD.com Inc.'s logistics arm rose 4.3 per cent on their first trading day in Hong Kong after it raised 24 billion Hong Kong dollars (USD 3.1 billion) by selling a portion of the unit to outside investors. JD Logistics Inc. is the latest technology company to list in the semi-autonomous Chinese city as Beijing steps up scrutiny of the industry. Its IPO was the second largest for the market this year after short video firm Kuaishou raised USD 5.3 billion. Markets were lifted by mostly positive reports. The number of Americans who filed for unemployment benefits fell yet again to a pandemic low of