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US jobless claims up; four-week average lowest since 1973
Mumbai: The number of Americans filing for unemployment benefits bounced back from a 42-1/2-year low last week, but the underlying trend remained consistent with tightening labor market conditions. Initial claims for state unemployment benefits increased 9,000 to a seasonally adjusted 257,000 for the week ended April 23, the Labor Department recently. Claims for the prior […]
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US Unemployment Rate at 5% in March
New York: Total nonfarm payroll employment rose by 215,000 in March, and the unemployment rate was little changed at 5.0 percent, the U.S. Bureau of Labor Statistics reported recently. Employment increased in retail trade, construction, and health care. Job losses occurred in manufacturing and mining. In February 2016, the unemployment rate was 4.9%. In January […]
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