Page 4 - Us Unemployment Rate
US economy to grow slowly than hoped due to Covid-19: Fed official
Since February, US employers have cut nearly 20 million jobs from payrolls, reversing almost 10 years of job gains, according to the Labor Department
 "US economy to grow slowly than hoped due to Covid-19: Fed official")
Trump may suspend H-1B, other visas amid rise in US unemployment: Report
The executive action is also expected to suspend H-2B visas for seasonal workers such as hotel and construction staff, J-1 visas, which are meant for research scholars and professors
 "Trump may suspend H-1B, other visas amid rise in US unemployment: Report")
US jobless claims total 1.5 mn last week despite reopening amid Covid-19
The new report also showed that the four-week moving average, a method to iron out data volatility, decreased by 234,500 to reach 1.8 million
 "US jobless claims total 1.5 mn last week despite reopening amid Covid-19")
155 Indian companies create nearly 125,000 jobs in US: CII report
Texas, California, New Jersey, New York and Florida are home to the greatest number of workers in the US directly employed by the reporting Indian companies, the report said
 "155 Indian companies create nearly 125,000 jobs in US: CII report")
As US states continue to reopen, unemployment claims down to 1.54 million
The new report also showed that the four-week moving average, a method to iron out data volatility, decreased by 286,250 to reach 2 million
With more jobs, the transition of greatness for US has begun: White House
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
 "With more jobs, the transition of greatness for US has begun: White House")
World Coronavirus Dispatch: A cancer drug offers hope to Covid-19 patients
Meanwhile India sixth most infected as it goes past Italy in overall count, US economy shows unexpected 2.5-million job additions in May
 "World Coronavirus Dispatch: A cancer drug offers hope to Covid-19 patients")
Donald Trump cites strong US jobs report, says 'great day' for George Floyd
Trump said the US unemployment rate had dropped to 13.3%
 "Donald Trump cites strong US jobs report, says 'great day' for George Floyd")
No 'silver lining': Donald Trump faces voter backlash amid crises
Some Republicans fear voters are simply worn out by Trump. People are just so disgusted with how things are
 "No 'silver lining': Donald Trump faces voter backlash amid crises")
US jobs report surprises analysts, raises hopes of faster economic recovery
Some of the jobs gains reported for May could be a reflection of the Paycheck Protection Program
Trump hails US jobs report as 'greatest comeback in American history'
Says slain African-American George Floyd might be pleased by report, which shows over 2.5 mn jobs were added in May amid Covid-19, and predicts the battered economy will recover all jobs by next year
No one really knows how many Americans need unemployment benefits
Another 1.9 million people filed for unemployment benefits for the first time last week, according to data released by the Labor Department on Thursday
US unemployment rate in May could hit highest level since World War II
Consumer confidence, manufacturing and services industries are also stabilising, though at low levels, hopeful signs that the worst was over
 "US unemployment rate in May could hit highest level since World War II")
US manufacturing activity crawls off 11-yr low; construction spending falls
About 21.4 million jobs were lost in March and April and at least another 8 million are expected to have been shed in May
 "US manufacturing activity crawls off 11-yr low; construction spending falls")
Second wave of Covid-19 could derail US economic recovery: Fed chief Powell
Powell believes that the second wave of coronavirus cases would dampen consumer confidence and hurt economic recovery
 "Second wave of Covid-19 could derail US economic recovery: Fed chief Powell")
Covid-19 crisis fuels huge US job losses as pandemic breaches White House
White House economic adviser Kevin Hassett said the unemployment rate was likely to climb to around 20% this month
Covid-19 impact: US unemployment rate surges to 14.7%, the worst since 1948
As the US lost over 20 million jobs in a pandemic-induced economic spiral during April, its unemployment rate zoomed to nearly 15 per cent
 "Covid-19 impact: US unemployment rate surges to 14.7%, the worst since 1948")
Suspend guest worker visas, including H-1B for 60 days: Senators to Trump
The unemployment figures in the US have reached an all-time high due to the coronavirus pandemic
Coronavirus impact: Now 33.5 mn seek unemployment benefits in US
The reports support many economists' belief that the economic slump could persist for a while
US October job growth beats expectations despite General Motors strike
Job growth has slowed this year, averaging 167,000 per month compared with an average monthly gain of 223,000 in 2018
 "US October job growth beats expectations despite General Motors strike")
