In spite of rising inflation and a weak economy, US businesses hired consistently in November. The Labor Department said on Friday that the economy added 263,000 jobs and the unemployment rate was 3.7%, which is almost a 53-year low. Compared to the 284,000 jobs added in October, fewer positions were added in November. Thousands of […]
Wholesale inflation saw a fall from June to July. The trend is the first month-to-month drop in over two years. Here’s all you need to know. Wholesale inflation in the US fell in July The Labor Department published a report on Thursday showing the producer price index declined by 0.5 percent. The index reveals the […]
Srinagar (Jammu and Kashmir) [India], October 22 (ANI): The Jammu and Kashmir administration has planned to take up several initiatives during the 11-day public campaign under the 'Chalo Gaon' and the 'Back to Village Programme' phase IV.
Washington [US], July 21 (ANI/Xinhua): Initial jobless claims in the United States last week rose to 251,000, hitting a fresh eight-month high and indicating the labour market might be cooling, the US Labor Department reported on Thursday.
Washington [US], May 12 (ANI/Sputnik): US producer prices, a measure of what retailers pay for goods at the wholesale level, rose 11 per cent in the year to April, the Labor Department said on Thursday in the latest data that showed little let-up in inflation pressure.
Washington [US], May 12 (ANI): US President Joe Biden on Wednesday (local time) said that inflation in the country is "unacceptably high" and bringing it down is his top economic priority.
Washington [US], May 11 (ANI/Sputnik): US consumer prices rose 8.3% in the year to April, easing slightly from March while keeping inflation in the world's largest economy not far from the four-decade highs seen in recent months, the Labor Department said Wednesday.
Washington [US], May 5 (ANI/Sputnik): Job cuts in the United States rose for a second month in a row in April as employers assessed costs and the growing risk of inflation in a labor market that has mostly seen record demand for workers over the past year, employment tracker Challenger, Gray & Christmas Inc showed on Thursday.
Last week, the overall number of Americans receiving unemployment benefits fell to its lowest level in more than 50 years. Applications for unemployment benefits inched down last week. The Labor Department reported on Thursday that jobless claims declined by 2,000 to 184,000 last week. The four-week average of claims increased by 4,500 to 177,250, smoothing […]
Inflation in the US is surging to its highest in almost four decades and wreaking havoc on regular consumers. Read to find out why it is so. What is the reason behind US’ inflation rate? The increasing inflation rates are the reason behind sleepless nights for American consumers as it is wiping out pay raises. […]