US unemployment News

The US will reportedly put a temporary ban on the issuance of some work-based visas like the H-1B, which is popular among highly-skilled Indian IT professionals, as well as visas for students and work authorisation that accompanies them, due to the high level of unemployment caused by the coronavirus COVID-19 spread.

Donald Trump took to Twitter to say that the US economy is in good shape.

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

The US unemployment rate in November fell to its lowest level since August 2007 as the economy continued to add new jobs, all but guaranteeing an interest rate hike this month.

The Labor Department said initial jobless claims, a sign of the level of layoffs, fell by 18,000 to 259,000 in the week ending June 18. The prior week`s level was unrevised at 277,000.

The US economy pumped out 211,000 new jobs last month.

The US economy pumped out 211,000 new jobs in November.

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.

The U.S. labor market appeared to gain momentum in early September as fewer Americans filed for weekly unemployment benefits, but weak inflation pressures may complicate the Federal Reserve`s decision whether to raise interest rates.

The US economy generated a lower-than-expected 173,000 new jobs in August, the government reported Friday, but upward revisions to previous months` data sweetened the picture for hiring across the country.

New claims for US unemployment benefits fell last week, the government said Thursday in a report adding further evidence of a tightening labor market.

Oil prices edged higher Tuesday as a weaker dollar offset disappointing manufacturing data out of top energy consumer China, traders said.

New claims for US unemployment insurance jumped last week to back above the 300,000 line, the Labor Department reported Thursday.

New claims for US unemployment insurance benefits plunged to the lowest level in nearly 15 years last week, the Labor Department reported Thursday.

New claims for US unemployment insurance benefits fell last week, sticking to a downward trend as the labor market strengthens.

The four-week moving average of claims rose by 6,250 to 294,000, compared with 334,750 a year ago.

The unemployment rate fell one-tenth of a percentage point to 5.8 percent, its lowest level since July 2008.

Initial claims dropped by 23,000 to 264,000 in the week ending October 11, an eight percent decline from the previous week.

New claims for US unemployment insurance benefits fell last week, fresh evidence of improvement in the jobs market, official data released Thursday showed.

Initial claims for US unemployment insurance benefits rose to a six-week high last week but the overall trend continued to show a tightening labor market, government data showed Thursday.