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Labor Department

Fed chief says stimulus to continue despite high inflation

WASHINGTON: Even as US inflation has hit the highest rate in over a decade, the central bank is sticking to its ...

Published 15 Jul, 2021 04:03am

Markets

Most Asian markets rise after healthy US jobs report

All three main indexes in New York finished the week at a fresh peak in reaction to data showing far more people than expected were employed last month

Published 05 Jul, 2021 09:38am

World

US job growth picks up in June; unemployment rate rises to 5.9%

Nonfarm payrolls increased by 850,000 jobs last month after rising 583,000 in May, the Labor Department said in its closely watched employment report on Friday. The unemployment rate rose to 5.9% from 5.8% in May.

Published 02 Jul, 2021 06:02pm

World

US weekly jobless claims fall; consumer prices rise more than expected

Initial claims for state unemployment benefits totaled a seasonally adjusted 376,000 for the week ended June 5, compared to 385,000 in the prior week.
In the 12 months through May, the CPI accelerated 5.0%. That was the biggest year-on-year increase since August 2008, and followed a 4.2% rise in April.

Published 10 Jun, 2021 06:52pm

Markets

US stocks fall despite strong economic data

Also, new applications for US jobless benefits fell below 400,000 for the first time since the pandemic started, while a service sector index came in at an all-time high in May.

Published 04 Jun, 2021 09:34am

World

New US jobless claims drop below 400,000, first time since pandemic

Weekly jobless claims shot into the millions in March 2020 after businesses shut down nationwide to stop Covid-19 from spreading.

Published 03 Jun, 2021 07:11pm

Pakistan

Industrial units: Vaccination centres to be set up: minister

KARACHI: Provincial Minister for Industries & Commerce and Anti-Corruption & Cooperative Department Jam...

Published 26 May, 2021 03:45am

Business & Finance

US weekly jobless claims decline

WASHINGTON: The number of Americans filing new claims for unemployment benefits dropped further below 500,000 last...

Updated 21 May, 2021 09:43am

World

New US unemployment filings drop for third straight week

The Labor Department reported 444,000 new unemployment filings, seasonally adjusted, were made in the week ended May 15.

Published 20 May, 2021 09:13pm

Markets

Wall Street rises as megacap stocks bounce; Dow hits record high

Energy and materials continued this week's momentum, leading gains among S&P 500 sectors, with a jump of 2.4pc and 1.1pc, respectively.

Published 05 May, 2021 11:45pm

World

US consumer prices jump 2.6pc compared to March 2020: govt

Excluding volatile food and energy components, CPI in March rose 1.6 percent, year-over-year, with a 0.3 percent gain in the month.

Published 13 Apr, 2021 06:55pm

Vaccines, fiscal stimulus boost US employment in March

WASHINGTON: The US economy created the most jobs in seven months in March as more Americans got vaccinated and the...

Published 03 Apr, 2021 03:41am

World

US factories desperate for workers, even as ranks of jobless remains high

"We hired two from the ads," said Arnold, just a fraction of the 125 he needs to get back to full strength of 673 workers. Half the welding jobs at his Texas plant are open, for instance, creating a bottleneck in an operation that builds trailers on metal frames.
US manufacturers have long grumbled about labor shortages, but the past year has proven particularly frustrating.

Published 02 Apr, 2021 07:49pm

World

Vaccines, fiscal stimulus boost US employment in March

Nonfarm payrolls jump 916,000 in March.
Employment increases across the board.
Unemployment rate falls to 6.0% from 6.2% in February.
Long-term unemployment remains elevated.

Published 02 Apr, 2021 07:24pm

Markets

Gold surges in Europe

ROTTERDAM/LONDON: Gold rose over 1% on Thursday on a retreat in the dollar and US bond yields, while grim jobless...

Published 02 Apr, 2021 04:58am

World

US employment crisis hits one-year mark as claims stay elevated

Claims filed under a special program for freelance workers not normally eligible decreased to 282,394, not seasonally adjusted, a drop of nearly 200,000 mostly attributable to a decline in filings in Ohio.

Published 18 Mar, 2021 08:15pm

World

US producer prices increase; underlying inflation moderate

Producer price index increases 0.5% in February.
PPI surges 2.8% year-on-year.
Core PPI gains 0.2%; up 2.2% year-on-year.

Published 12 Mar, 2021 08:25pm

World

US weekly jobless claims fall more than expected

Initial claims for state unemployment benefits totaled a seasonally adjusted 712,000 for the week ended March 6, compared to 754,000 in the prior week, the Labor Department said on Thursday.
That, together with nearly $900 billion in additional pandemic relief money advanced by the government in late December, fired up consumer spending and hiring in February after declining in December.

Published 11 Mar, 2021 07:19pm

World

US consumer prices rise solidly; underlying inflation tame

Consumer price index rises 0.4% in February.
CPI increases 1.7% on year-on-year basis.
Core CPI gains 0.1%; up 1.3% year-on-year.

Published 10 Mar, 2021 07:42pm

World

US job growth beats expectations in February

Nonfarm payrolls surged 379,000 jobs last month after rising 166,000 in January, the Labor Department said on Friday. In December, payrolls fell for the first time in eight months.
Federal Reserve Chair Jerome Powell on Thursday offered an optimistic view of the labor market, but cautioned a return to full employment this year was "highly unlikely."

Published 05 Mar, 2021 09:20pm

World

US jobless claims data points to continued employment struggles

An additional 436,696 people, not seasonally adjusted, filed claims under PUA program aiding freelance workers, bringing total new applications to nearly 1.2 million.

Published 04 Mar, 2021 08:37pm

World

US import prices post biggest gain since 2012

The Labor Department said on Thursday import prices jumped 1.4% last month, the biggest gain since March 2012, after increasing 1.0% in December.
Imported fuel prices increased 7.4% last month after soaring 8.1% in December. Imported food prices surged 2.1%.

Published 18 Feb, 2021 07:53pm

Markets

US stocks mixed as markets weigh better data, inflation

The broad-based S&P 500 slipped less than 0.1 percent to end at 3,931.31, while the tech-rich Nasdaq Composite Index shed 0.6 percent to 13,965.49.

Published 18 Feb, 2021 10:49am

World

US weekly jobless claims edge down as labor market recovery stalls

Claims remain above their 665,000 peak during the 2007-2009 Great Recession.
The government reported last Friday that the economy created only 49,000 jobs in January after losing 227,000 in December.

Published 11 Feb, 2021 08:29pm

World

US consumer prices rise modestly; airline fares tumble

Consumer prices increase 0.3% in January.
CPI rises 1.4% on year-on-year basis.
Core CPI unchanged; up 1.4% year-on-year.

Published 10 Feb, 2021 09:31pm

Business & Finance

US economy likely logged its weakest performance in 74 years in 2020

But the inventory accumulation included imports, likely leading to a larger trade deficit, which subtracted from growth.

Published 28 Jan, 2021 11:20am

Jobless claim data underscores employment crisis awaiting Biden

The unemployment rate has seen a similar trajectory, shooting up to 14.7 percent in April but declining in subsequent months to its current 6.7 percent.

Published 21 Jan, 2021 09:08pm

World

US producer prices increase moderately in December

The producer price index for final demand increased 0.3% last month after nudging up 0.1% in November.
A 1.1% increase in the cost of goods accounted for last month's rise in the PPI. Prices for services dipped 0.1%.

Published 15 Jan, 2021 07:04pm

Markets

Yields slip as investors await 30-year auction

Investors awaiting an auction of 30-year government debt shrugged off a report showing an increase in US consumer prices in December amid rising gasoline costs.
In the 12 months through December the CPI advanced 1.4% after increasing 1.2% in November.

Published 13 Jan, 2021 09:10pm

World

US economy loses jobs as pandemic pummels restaurants, bars

Nonfarm payrolls decrease 140,000 in December.
Restaurant, bar payrolls tumble 372,000.
Unemployment rate unchanged at 6.7%.

Published 08 Jan, 2021 08:16pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 23	278.40
USD PKR Interbank Buying / Apr 23	278.10
USD to Japanese Yen / Apr 23	154.75
USD to Swiss Franc / Apr 23	0.91
Pound Sterling to USD / Apr 23	1.24
Euro to USD / Apr 23	1.07

Stock	Volume
S&P 500 / Apr 23	5070.55
India Sensex / Apr 23	73738.45
Tokyo Nikkei / Apr 23	37552.16
Nasdaq / Apr 23	15696.64
Hang Seng / Apr 23	16828.93
FTSE 100 / Apr 23	8044.81
Dow Jones / Apr 23	38503.69
Germany DAX 30 / Apr 23	18137.65

Item	Value
Crude Oil USD/Barrel / Apr 23	83.54
Karachi Cotton PKR/37.32 KG / Apr 23	21035
Gold 10 Grams PKR / Apr 23	213220
Gold Spot USD/Ounce / Apr 23	2323.25
Cotton US¢/pound / Apr 23	81.72
Petrol/Litre / Apr 24	293.94

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 24 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 24 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 24 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 24 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 24 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 24 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 24 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 24 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 24 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 24 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 24 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 24 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 24 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 24 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 24 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 24 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 24 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 24 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 24 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 24 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 24 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 24 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 24 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 24 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 24 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 24 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 24 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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