The number of initial unemployment claims in the US fell to 881,000 last week, after staying above the 1 million mark for two consecutive weeks
The Labor Department's report Thursday marked the 19th straight week that more than 1 million people have applied for unemployment benefits
The unemployment rate for April was 14.7 per cent, which was the highest since 1948. With the addition of 2.5 million jobs, the monthly rate dropped to 13.3 per cent for May
Average hourly earnings rose five cents, or 0.2 per cent, in October after advancing 0.3 per cent in September
A robust labour market is underpinning the US economy
The slowdown in hiring in July likely is not the result of trade tensions, which have escalated in recent days, but rather because of a shortage of workers
That was still the fewest amount of jobs created in six months and followed an outsized gain of 324,000 in February
There was no change in the unemployment rate, which declined by seven-tenths of a percentage point last year
REUTERS - The Dow Jones Industrial Average and the S&P 500 were little changed at the open after data showed job growth slowed in May, suggesting that a rebound in the labor market was losing steam.
The unemployment rate fell one-tenth of a percentage point to its lowest level since May 2001
This could seal the case for a Fed rate increase next month despite moderate wage growth
Nonfarm payrolls increased by 98,000 jobs in March as retail sector shed employment for 2nd month
Month-long Verizon strike affected employment growth by 34,000 jobs