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Labor Department

LABOR DEPARTMENT NEWS

US weekly jobless claims highest in more than 8 months as labour market eases

May 09, 2024 10:37 pm

Financial markets expect the Fed to start its easing cycle in September. A handful of economists believe the first rate cut will come in July.

US inflation jumped 7.5% in the past year, a 40-year high

February 10, 2022 9:12 pm

The Labor Department said Thursday that consumer prices jumped 7.5% last month compared with a year earlier, the steepest year-over-year increase since February 1982.

Unemployment respite: US economy adds 195,000 new jobs

July 05, 2013 9:01 pm

The unemployment rate however stayed at 7.6 percent because more people started looking for work.

US jobless rate rises to 7.6%

June 08, 2013 2:56 am

American employers added 175,000 jobs in May,almost exactly the average monthly job growth over the last year,the Labor Department

US quarter productivity rises modestly

November 01, 2012 7:15 pm

US non-farm productivity increased at a modest pace in the third quarter.

Obama promises more stimulus as US unemployment rises

September 05, 2010 1:58 am

President Barack Obama promised a fresh slew of measures to boost the ailing US economy Friday after fresh data showed unemployment was again on the rise.

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