US job growth News

Initial claims for state unemployment benefits decreased 5,000 to a seasonally adjusted 229,000 for the week ended Oct.

US employment increased less than expected in December but a rebound in wages pointed to sustained labor market momentum that sets up the economy for stronger growth and further interest rate increases from the Federal Reserve this year.

The US job market faltered in September and hiring in prior months was slower than thought, the Labour Department said today in a report pointing to a slowing economy.

US job growth rebounded last month and the unemployment rate dropped to a near seven-year low of 5.4 percent, signs of a pick-up in economic momentum that could keep the Federal Reserve on track to hike interest rates this year.

Nonfarm payrolls rose 126,000 last month, less than half February`s pace and the smallest gain since December 2013, the Labor Department said on Friday.

Nonfarm payrolls increased 126,000 last month, the smallest gain since December 2013, the Labor Department said on Friday.

US job growth increased briskly in December, but wages unexpectedly fell in a sign the tightening labor market has yet to give much of a boost to workers.

The US unemployment rate has dropped to 5.6 percent with the addition of over 2.5 lakh new jobs last month, making 2014 the best year of job growth since 1999.

US job creation picked up solidly in June, pushing the jobless rate down to 6.1 percent, boosting confidence in the economy and sending stocks flying to new records.