labor department

The Labor Department reported the weakest U.S. payrolls number in seven months in April, but some experts believe that a softening labor market may not be enough to deter the Federal Reserve from raising interest rates. Bill Gross, who runs the Janus Global Unconstrained Bond Fund, still believes a...

The stint of impressive hiring figures in the U.S. came to an end last week when the closely watched nonfarm payrolls' figures for March revealed the nation's weakest figure in 15 months. The Labor Department report showed that employers added just 126,000 new jobs in March, while the...

The US jobless benefit claims figure declined 16,000 to 453,000 in the latest week, according to the Labor Department. The decline has brought the new claims figure to the level it was towards the beginning of 2010. Economists had expected claims to move up to a seasonally adjusted 460,000 in the...

The number of US jobless claims rose 12,000 to 465,000 in the most recent week, highlighting the lack of jobs in a sluggish labor market. New jobless claims had dipped for two straight weeks. However, a part of this decline may be attributed to the government's inability to collect accurate data...

The Labor Department reported a 0.6% rise in the August prices of goods imported into the US. This represents the highest gain since April. Fuel-import prices rose 1.7% in August, along with a 2.1% rise in petroleum prices. Meanwhile, non-fuel imports prices increased 0.3% According to the figures...

Non farm jobs declined by 54,000 in August, the Labor Department said on Friday. Despite the decline, investors felt relieved about the fact that it was at a much slower pace than was projected by economists. Growth in the healthcare and temporary staffing industries supported the employment...

US jobless claims dropped by 6,000 to 472,000 in the week ended August 28, according to government data released on Thursday. However, the figure for initial claims continues to be uncomfortably high. The number of people applying for unemployment benefits has risen 10% since early July. This...

According to a report released by the Labor Department, the unemployment rate remained flat at 9.5% during the month of July. According to the US Labor Department, the US economy shed 131,000 jobs in July as there was not enough employment in the private sector to compensate for the loss of...

According to the Labor Department, the number of people applying for unemployment benefits for the first time jumped by 19,000 to 479,000 in the week ended July 31. The week’s increase in the initial jobless claims marks the highest level since early April. The data completely defies the...

General Motors, among other manufacturers, is skipping their usual two week summer shutdowns, allowing the Labor Department to report that new claims for jobless benefits had dropped by 29,000 to 429,000, the lowest level since August 2008, according to The Associated Press. This was the second...

U.S. employment fell in June as thousands of temporary census jobs ended while private hiring grew less than expected. Nonfarm payrolls fell 125,000 with temporary census jobs falling 225,000. The unemployment rate fell to 9.5% as more workers left the labor force. Analysts were looking for...

For Wednesday, the dollar declined in comparison to the euro, but has an edge on most other currencies. The fall of the dollar on the euro is due to a report indicating a lower than anticipated number of job gains. Unfortunately, unemployment rates within the U.S. are still incredibly high,...