Weekly jobless claims hit two-month high, hinder a rally in economy-linked cyclical stocksBiogen up on raising full-year revenue forecast, while Southwest Airlines leads declines among carriers
2 min read22 Jul 2021The number of Americans claiming extended assistance continued to rise as many unemployed exhausted regular state benefitsThe increase in initial jobless claims was driven by a surge in Louisiana, where filings more than quadrupled from the prior week to 42,724
1 min read19 Nov 2020The Labor Department's employment report also showed 3.6 million people were out of work for more than six monthsThe number of people working part time for economic reasons increased by 383,000 to 6.7 million
3 min read6 Nov 2020The unemployment rate fell for a second month, by 2.2 percentage points to 11.1%, still far above the pre-pandemic half-century low of 3.5%US stock futures extended gains following the data
2 min read2 Jul 2020At face value, the ballooning joblessness rolls imply a jump in the unemployment rate to above 15% in AprilThis includes those quarantined with the expectation of returning to work, as well as people leaving employment due to a risk of exposure or infection or to care for a family member
1 min read30 Apr 2020US weekly jobless claims drop 10,000 to 203,000, private payrolls increase 163,000 in August
3 min read6 Sep 2018The rupee closed at 66.78 against the US dollar, a level last seen on 19 October, up 0.13% from its previous close of 66.87
1 min read28 Oct 2016US jobless claims were 246,000 in the period ended 8 October, unchanged from the previous week's level
2 min read13 Oct 2016The US labour department reported on Thursday that applications for jobless aid rose by 20,000 to a seasonally adjusted 294,000
1 min read12 May 2016Initial claims for state unemployment benefits increased 6,000 to a seasonally adjusted 278,000 for the week ended 27 February
1 min read3 Mar 2016The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared