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Labor Department

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

Business & Finance

Last day of 2020 trading sees yields dip, curve flatten

Yields on long-dated Treasury bonds fell despite an unexpected drop in unemployment claims for a second straight week.

Published 01 Jan, 2021 12:54am

World

Jobless to get weekly aid despite Trump's last-minute approval, US says

In a statement to AFP, a Labor Department spokesperson said it would work with individual states to make sure payments under the programs, which were reauthorized until March 14, continue uninterrupted.

Published 30 Dec, 2020 08:57am

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Feb 9 786 Investments Limited(786)	4.81 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Feb 9 Al-Abbas Sugar Mills Limited(AABS)	365.50 ▼ 0.00 (0.00%)
Agro Allianz / Feb 9 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Feb 9 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Feb 9 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Feb 9 Allied Bank Limited(ABL)	67 ▼ 0.00 (0.00%)
Abbott Lab. / Feb 9 Abbott Laboratories (Pakistan) Limited(ABOT)	423.36 ▼ 0.00 (0.00%)
Abson Ind. / Feb 9 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Feb 9 Alfalah Consumer Index ETF.(ACIETF)	6.39 ▼ 0.00 (0.00%)
Attock Cement / Feb 9 Attock Cement Pakistan Limited(ACPL)	57.07 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Feb 9 786 Investments Limited(786)	4.81 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Feb 9 Al-Abbas Sugar Mills Limited(AABS)	365.50 ▼ 0.00 (0.00%)
Agro Allianz / Feb 9 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Feb 9 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Feb 9 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Feb 9 Allied Bank Limited(ABL)	67 ▼ 0.00 (0.00%)
Abbott Lab. / Feb 9 Abbott Laboratories (Pakistan) Limited(ABOT)	423.36 ▼ 0.00 (0.00%)
Abson Ind. / Feb 9 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Feb 9 Alfalah Consumer Index ETF.(ACIETF)	6.39 ▼ 0.00 (0.00%)
Attock Cement / Feb 9 Attock Cement Pakistan Limited(ACPL)	57.07 ▼ 0.00 (0.00%)

Stock	Volume
WorldCall Telecom / Feb 9 Worldcall Telecom Limited(WTL)	64,461,125 ▼ 0.00
Oil & Gas Dev. / Feb 9 Oil & Gas Development Company Limited(OGDC)	22,259,031 ▼ 0.00
Pak Petroleum / Feb 9 Pakistan Petroleum Limited(PPL)	15,889,192 ▼ 0.00
Lotte Chemical / Feb 9 Lotte Chemical Pakistan Limited(LOTCHEM)	13,157,316 ▼ 0.00
K-Electric Ltd. / Feb 9 K-Electric Limited(KEL)	11,849,779 ▼ 0.00
Ghani Glo Hol / Feb 9 Ghani Global Holdings Limited(GGL)	10,987,823 ▼ 0.00
Habib Bank / Feb 9 Habib Bank Limited(HBL)	8,611,564 ▼ 0.00
The Searle Co. / Feb 9 The Searle Company Limited(SEARL)	8,431,550 ▼ 0.00
Sui North Gas / Feb 9 Sui Northern Gas Pipelines Limited(SNGP)	8,311,046 ▼ 0.00
Pak Refinery / Feb 9 Pakistan Refinery Limited(PRL)	7,891,245 ▼ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Feb 8	275.30
USD PKR Interbank Buying / Feb 8	273.30
USD to Japanese Yen / Feb 8	131.36
USD to Swiss Franc / Feb 8	0.92
Pound Sterling to USD / Feb 8	1.21
Euro to USD / Feb 8	1.07
UK LIBOR % / Feb 8	4.55

Stock	Volume
S&P 500 / Feb 8	4117.86
India Sensex / Feb 8	60663.79
Tokyo Nikkei / Feb 8	27606.46
Nasdaq / Feb 8	11910.52
Hang Seng / Feb 8	21283.52
FTSE 100 / Feb 8	7885.17
Dow Jones / Feb 8	33949.01
Germany DAX 30 / Feb 8	15412.05
France CAC40 / Feb 8	7119.83

Item	Value
Crude Oil USD/Barrel / Feb 8	78.47
Karachi Cotton PKR/37.32 KG / Feb 8	22235
Gold 10 Grams PKR / Feb 8	169753
Gold Spot USD/Ounce / Feb 8	1875.49
Cotton US¢/pound / Feb 8	85.37

Labor Department

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