US Labor Department
Coverage of US Labor Department in the Nexus archive.
- US jobless claims dip modestly to 215,000 last week as layoffs remain at historically healthy levels
The number of U.S. unemployment claims decreased to 215,000 last week, below analysts' forecasts, with layoffs remaining historically low. June's jobs report showed slower hiring, but jobless claims have stayed within a healthy range since post-pandemic recovery.
- Economy disappoints with half as many jobs created in June, and May and April gains revised downward
U.S. employers added only 57,000 jobs in June, less than half May's revised 129,000, with April's job gains also revised downward. The unemployment rate fell to 4.2% as some job seekers stopped looking. Restaurants, bars, and hotels lost 61,000 jobs, while healthcare added nearly 47,000. The Federal Reserve's chair reiterated a commitment to reducing inflation to 2%.
- U.S. filings for unemployment benefits fall to 226,000 last week as layoffs remain historically low
U.S. unemployment benefit filings decreased to 226,000 in the week ending June 13, aligning with analyst forecasts. The four-week moving average of jobless claims rose slightly, while the total number of filings for the prior week was higher than expected.
- America In Focus: US job market is rebounding, but economic frustration persists
The U.S. job market added 172,000 jobs in May, with the unemployment rate remaining at 4.3%, while job openings rose to 7.6 million in April. However, jobless claims reached a four-month high, and economic challenges like inflation and high energy prices from the Iran war persist. The average 30-year mortgage rate declined to 6.48%.
- Morning news brief
The relationship between US President Donald Trump and Chinese President Xi Jinping will be tested in an upcoming visit. The Labor Department has released its latest cost-of-living report. Experts say hantavirus is not a risk to the public at large.
- US added 115K jobs in April, beating expectations
The US economy added 115,000 new jobs in April, exceeding expectations of 67,000 jobs. The jobless rate remained at 4.3 percent. This growth indicates a positive trend in the US labor market.
- US jobless claim applications rise to 200K but remain historically low
US jobless claim applications increased to 200K but remain historically low, despite high inflation and economic challenges. The rise in applications indicates a potential slowdown in the labor market. However, the overall numbers are still relatively low.