US JOBLESS BENEFITS APPLICATIONS
US applications for jobless benefits fall to 213,000, remaining near 7-month lows
New unemployment applications in the U.S. dipped to near seven-month lows, indicating a still-robust job market. Applications fell to a seasonally adjusted 213,000, defying predictions. However, the number of individuals already receiving unemployment aid saw an increase, reaching a three-year peak of 1.91 million.
US weekly jobless claims fall; unemployment rolls shrink
New unemployment applications decreased last week in the United States. This indicates the labor market remained strong. The decline suggests that the slowdown in job growth observed in October was temporary. Layoffs remained low, supporting the economy. Economists believe job growth will pick up again. The Federal Reserve is expected to cut interest rates again next month.
US weekly jobless claims increase moderately
New unemployment claims saw a slight increase last week, reaching a seasonally adjusted 221,000, indicating minimal change in the labor market. This follows October's near-stagnant job growth, largely attributed to hurricanes and strikes. With these disruptions subsiding, job growth is anticipated to pick up in November, potentially influencing the Federal Reserve's interest rate decisions.
Applications for business school graduate courses skyrocket despite economic uncertainty: Report
Graduate business school applications for 2024 have risen by 12%, driven primarily by renewed interest in full-time, in-person programs and increased domestic applications. Financial assistance and the innovative approaches of global business schools also contributed. Notably, female applications have increased, particularly for MBA programs.
US weekly jobless claims at five-month low
U.S. unemployment filings dropped to a five-month low, and consumer spending rose more than anticipated in September, indicating a robust economy ahead of the 2024 presidential election. Despite a small increase in prices, inflation remains on a downward trend, supporting expectations of Federal Reserve interest rate cuts.
US weekly jobless claims unexpectedly fall
Unemployment claims in the U.S. fell unexpectedly last week, but more people collected benefits in mid-October. This could increase the jobless rate this month. The Federal Reserve noted slight employment rises, with muted worker turnover and limited layoffs. However, ongoing factors like hurricanes and strikes complicate the labor market picture.
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H-1B visa issue is now a thing of the past, says Union Minister Piyush Goyal
The H-1B visa issue is now "a thing of the past," declared Union Minister of Commerce and Industry Piyush Goyal, indicating it will no longer be a topic of international discussions. He also emphasized the need for a stable exchange rate between the Indian rupee and the U.S. dollar, along with topics like tourism and the digital economy, positioning India as an attractive destination for global investment.
US weekly jobless claims unexpectedly fall
New applications for unemployment benefits in the U.S. unexpectedly dropped last week, amid ongoing labor challenges from Hurricanes Helene and Milton and a Boeing strike. Initial claims fell to 241,000 while economists had expected 260,000. However, continued disruptions may obscure the true state of the labor market.
US jobless claims jump to 258,000, the most in more than a year. Analysts point to Hurricane Helene
Unemployment benefit claims in the U.S. surged last week, driven by Hurricane Helene, with analysts noting large increases in affected states like Florida and North Carolina. This brings the total number of claimants to 1.86 million. Despite some weakening indicators, the Fed cut interest rates to support the job market.
India's MARG initiative: Connecting students with top US universities
The Indian Embassy in Washington, launched a virtual mentoring series, "MARG" (Mentoring for Academic Excellence and Research Guidance), to connect Indian students and researchers with top US universities.
Wanted: Better immigration policy, more immigrants
The ongoing presidential battle has highlighted the need for better immigration policies in the U.S. These policies should allow more skilled workers, establish a structured process for economic migrants and asylum seekers, and assist states in managing the effects of immigration. Despite current challenges, most immigrants are expected to be beneficial to the economy rather than burdensome.
Gold holds steady as traders wait for US payroll data
Gold prices remain flat but slightly lower for the week as market attention turns to a crucial U.S. payrolls report. Expectations for a Federal Reserve interest rate cut have grown, with recent data suggesting a possible reduction. Meanwhile, geopolitical tensions in Lebanon continue to escalate.
US weekly jobless claims rise moderately
Unemployment claims rose slightly last week, with Hurricane Helene and strikes at Boeing and ports potentially distorting short-term labor market data. Claims hit 225,000, up 6,000 from the prior week, amidst stable market conditions. Recovery from Helene's devastation in the Southeast and the impacts of ongoing strikes could temporarily affect layoffs and hiring.
US yields rise as jobless claims unexpectedly fall
U.S. Treasury yields rose on Thursday after data showed that jobless claims unexpectedly fell in the latest week, leading traders to cut bets that the Federal Reserve will make another 50-basis point cut at its November meeting.
US weekly jobless claims unexpectedly fall
The number of Americans filing new unemployment claims fell unexpectedly last week, indicating a low level of layoffs. Initial claims dropped to 218,000 for the week ending Sept. 21, against an expected 225,000. Despite declining job openings and hiring, layoffs remain low. Boeing's strike could impact future claims.
US weekly jobless claims unexpectedly fall
The number of Americans filing new unemployment claims fell unexpectedly last week, indicating a potential rise in job growth for September. Initial claims dropped to 219,000, below economists' expectations. Despite concerns about the labor market cooling, layoffs remain low. The Federal Reserve recently cut interest rates by 50 basis points to support the economy.
US weekly jobless claims rise moderately
The number of Americans filing new unemployment claims rose by 2,000 to a seasonally adjusted 230,000 for the week ending Sept. 7, indicating low layoffs despite a slowing labor market. Businesses are reducing hiring as higher interest rates curb demand. The Federal Reserve is expected to cut rates next Wednesday.
Gold set for weekly gain; traders await US payrolls report
Gold prices remained steady on Friday and are set for a weekly gain. Market attention is now on the U.S. payrolls report, which could provide insight into the expected rate cut this month. Spot gold was at $2,516.19 per ounce, with U.S. gold futures slightly higher at $2,546.00.
US weekly jobless claims fall slightly
The number of Americans applying for unemployment benefits declined slightly last week. However, re-employment opportunities are becoming scarce, indicating a persistently high unemployment rate for August. This trend has caught the Federal Reserve's attention, with expectations of possible interest rate cuts to address the labor market situation.
US jobless claims rise in latest week
The number of new unemployment benefit claims in the U.S. increased slightly last week, indicating a gradual cooling of the labor market. Initial claims rose by 4,000 to 232,000. Despite this, layoffs remain historically low with firms scaling back hiring. The Federal Reserve is monitoring these changes closely before making any rate decisions.
US unemployment claims fall 7,000 to 227,000 in sign of resiliency in job market
The number of Americans applying for unemployment benefits fell by 7,000 to 227,000 last week, according to the Labor Department. The four-week average also dropped to 236,500. Despite rising interest rates and some signs of economic slowdown, the job market remains relatively strong. The Federal Reserve's previous rate hikes have started to impact job growth, with hiring slowing and unemployment ticking up. However, inflation has decreased significantly, leading to expectations of potential rate cuts in September.
US weekly jobless claims rise to 11-month high
Last week, new unemployment benefit applications in the U.S. reached a peak not seen in nearly a year, indicating potential softening in the labor market. Initial claims rose by 14,000 to 249,000 for the week ending July 27, surpassing economists' expectations of 236,000. This increase is attributed to temporary shutdowns and disruptions, such as Hurricane Beryl. Despite the rise in claims, layoffs remain relatively low, and planned job cuts have decreased significantly. Federal Reserve Chair Jerome Powell noted these changes align with a broader normalization process, though the Fed continues to monitor the situation closely.
US weekly jobless claims fall more than expected
Initial unemployment claims in the U.S. fell to 235,000 last week, better than expected, as weather and temporary plant closure impacts eased. Layoffs remained low, despite a gradual reduction in hiring due to the Federal Reserve's rate hikes. Meanwhile, continuous claims dropped slightly, indicating a steady labor market.
More Americans apply for jobless benefits as layoffs settle at higher levels in recent weeks
Last week, U.S. filings for unemployment benefits rose by 20,000 to 243,000, marking the eighth consecutive week above 220,000. The number of Americans collecting unemployment benefits also increased slightly to 1.87 million, the highest since November 2021. This uptick in claims suggests ongoing challenges for job seekers despite a historically healthy labor market. The Federal Reserve's series of interest rate hikes since March 2022 aimed to curb inflation without causing a recession, with expectations leaning towards possible rate cuts later in the year as inflation pressures ease.
US weekly jobless claims rise labor market slows
The labor market shows signs of easing as unemployment benefits claims increase. Layoffs rise due to interest rates impacting demand, and challenges in seasonal data adjustments persist. Market anticipates Fed's potential rate cuts. Job cuts decrease in June, but higher than last year. Nonfarm payrolls data may reveal job increase. Job openings ratio remains steady, while Fed deliberates policy changes post-hikes. Continuing claims rise due to policy effects.
US weekly jobless claims drift lower
Initial claims for state unemployment benefits dropped 6,000 to a seasonally adjusted 233,000 for the week ended June 22, the Labor Department said on Thursday. The claims data included last Wednesday's Juneteenth National Independence Day, a new holiday. Claims tend to be volatile around public holidays.
US weekly jobless claims fall as labor market remains solid
Initial claims for state unemployment benefits dropped 8,000 to a seasonally adjusted 215,000 for the week ended May 18, the Labor Department said on Thursday. Economists polled by Reuters had forecast 220,000 claims in the latest week.
Gold prices set for second weekly gain on Fed rate outlook
The number of Americans filing new claims for jobless benefits fell last week, unwinding nearly half of the jump at the start of the month, indicating that labor market conditions remain fairly tight even as job growth is cooling.
US weekly jobless claims fall; labor market gradually easing
The decline reversed a portion of the jump in the prior week, which had pushed claims to the highest level in more than eight months. The increase was largely attributed to a surge in applications in New York related to school spring breaks.
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