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unemployment benefits

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

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
US yields rise after report on Biden's $6 trillion budget
Markets

US yields rise after report on Biden's $6 trillion budget

  • Thursday's data on US jobless claims and first-quarter gross domestic product growth also helped extend Treasury yields. Both reports showed the US economy was on a stable path to recovery from the pandemic.
  • Investors are also awaiting the Treasury's sale of $62 billion in 7-year debt later on Thursday, after strong 2-year and 5-year note auctions on Tuesday and Wednesday.
Published 27 May, 2021 06:36pm
US weekly jobless claims unexpectedly rise
World

US weekly jobless claims unexpectedly rise

  • Initial claims for state unemployment benefits totaled a seasonally adjusted 744,000 for the week ended April 3 compared to 728,000 in the prior week, the Labor Department said on Thursday.
  • The labor market has regained its footing after stumbling in December, thanks to the White House's massive $1.9 trillion pandemic rescue package and an acceleration in the pace of vaccinations against COVID-19, which are allowing more services businesses to resume operations.
Published 08 Apr, 2021 06:21pm
US job growth accelerates in March; unemployment rate falls to 6.0pc
World

US job growth accelerates in March; unemployment rate falls to 6.0pc

  • Nonfarm payrolls surged by 916,000 jobs last month, the Labor Department said on Friday. That was be the biggest gain since last August. Data for February was revised higher to show 468,000 jobs created instead of the previously reported 379,000.
  • Nearly 1.7 million jobs were lost that month, and another 20.7 million would vanish in April.
Published 02 Apr, 2021 06:03pm
US weekly jobless claims fall more than expected
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
US weekly jobless claims increase less than expected
World

US weekly jobless claims increase less than expected

  • Initial claims for state unemployment benefits totaled a seasonally adjusted 745,000 for the week ended Feb. 27, compared to 736,000 in the prior week.
  • Stormy weather in the South left large parts of Texas without power or water for days. The deep freeze shut oil production and refineries in Texas, the biggest producer of natural gas and oil in the United States.
Updated 04 Mar, 2021 09:53pm
US weekly jobless claims unexpectedly rise
World

US weekly jobless claims unexpectedly rise

  • Initial claims for state unemployment benefits totaled a seasonally adjusted 861,000 for the week ended Feb. 13, compared to 848,000 in the prior week.
  • Ford Motor has reduced shifts at its Dearborn truck plant and Kansas City assembly plant.
Published 18 Feb, 2021 08:24pm
US weekly jobless claims increase more than expected
World

US weekly jobless claims increase more than expected

  • $300 unemployment supplement until March 14 as part of nearly $900 billion in additional relief approved at the end of December.
  • The central bank also noted that the resurgence in the coronavirus was causing staff shortages in the manufacturing.
Published 14 Jan, 2021 06:55pm