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Applications for unemployment benefits in the United States rose slightly last week, signalling continued labour market resilience even as hiring momentum has slowed over the past year.New filings for jobless aid increased by 5,000 to 210,000 for the week ended March 21, up from 205,000 in the previous week, the US Labour Department said on…
The US economy unexpectedly shed jobs in February, marking a sharp reversal from the previous month and raising fresh concerns about the strength of the labour market.Data released by the US Labor Department on Friday showed the world’s largest economy lost 92,000 jobs in February, compared with job growth of 126,000 in January, reported AFP.The…
Federal Reserve governor Lisa Cook on Tuesday (local time) cautioned that artificial intelligence is beginning to reshape the US labour market in ways that could further push unemployment rates higher and limit how effectively the central bank can respond with interest rate cuts.Speaking in remarks for a national association for business economics conference, Cook said,…
Marriage isn’t about grand gestures or fat bank accounts – it’s those quiet promises to weather storms together. A viral Reddit post recently tugged at people’s hearts worldwide, showing just that. A woman shared how her husband, who lost his job recently and was living off the pocket money she was giving him, surprised her…
-model Natasa Stankovic has once again found herself at the centre of online chatter. After her separation from cricketer Hardik Pandya, a recent video of Natasa dancing at a college fest went viral. The clip brought her back into the spotlight. Not all the attention was kind. While some users mocked her, others strongly came…
NEW DELHI: Unemployment rate for those in the 15 years and above age group inched up marginally in Dec while the labour force participation rate (LFPR) maintained an upward momentum, the periodic labour force survey monthly showed ThursdayThe overall joblessness rate was estimated 4.8% in Dec compared to 4.7% in Nov. The survey results showed…
Hiring in the United States remained subdued in December, capping a year of weak employment gains, even as the unemployment rate edged lower, according to data released by the US Labor Department on Friday, AP reported.Employers added 50,000 jobs in December, nearly unchanged from a downwardly revised 56,000 jobs added in November. The unemployment rate…
US unemployment benefit claims fell again last week, underscoring a labour market that remains broadly stable even as hiring momentum shows signs of cooling, according to data released by the Labor Department.Applications for jobless aid dropped by 10,000 to 214,000 for the week ended December 20, down from a revised 224,000 a week earlier, AP…
AI image (Representative) US saw a significant cutdown in jobs in November, marking a record unemployment high since 2021. It gained 64,000 jobs in November, over October’s loss of 105,000 positions, primarily due to federal workforce reductions under the Trump administration. The unemployment level increased to 4.6%, reaching its peak since 2021.The Labour Department’s delayed…
Federal Reserve Chair Jerome Powell warned on Tuesday that the sharp slowdown in US hiring poses increasing risks to the economy, suggesting the central bank may reduce its key interest rate two more times before the year ends.In written remarks ahead of a meeting of the National Association of Business Economics in Philadelphia, Powell noted…
