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S&P again hits new high on growth expectations

Last Updated: Friday, May 30, 2014, 01:56

U.S. stocks rose on Thursday and the benchmark S&P 500 index hit a record intraday high for the third straight day as traders bet on improvement in the second quarter even as data showed the world`s largest economy contracted in the first quarter.

US job engine sputters for second month

Last Updated: Saturday, February 08, 2014, 11:47

The US job creation engine sputtered for the second straight month in January, raising fresh questions about the economy`s momentum.

US jobless claims fall, gasoline bumps up inflation

Last Updated: Thursday, January 16, 2014, 19:50

The number of Americans filing new claims for unemployment benefits fell for a second week last week, suggesting a sharp step-down in job growth in December was likely to be temporary.

US Senate advances unemployment benefits extension bill

Last Updated: Wednesday, January 08, 2014, 05:31

The US Senate on Tuesday voted to advance the unemployment benefits extension bill, clearing procedural hurdle for the legislation.

Unemployment benefits end in US for 1.3 mn jobless

Last Updated: Sunday, December 29, 2013, 22:29

For the more than 1.3 million people who have been jobless in the US for over six months, the holiday season came to a crashing halt Saturday with the cancellation of the federal government's unemployment insurance payments.

1.3 million Americans to lose unemployment benefits Saturday

Last Updated: Saturday, December 28, 2013, 03:39

More than 1 million Americans are bracing for a harrowing, post-Christmas jolt as extended federal unemployment benefits come to a sudden halt this weekend, entailing potentially significant implications for the recovering US economy.

British PM pledges crackdown on EU migrant benefits

Last Updated: Wednesday, November 27, 2013, 17:30

British Prime Minister David Cameron on Wednesday announced plans to restrict the right of EU migrants to claim unemployment benefits, prompting a rebuke from the bloc`s employment commissioner.

US jobless claims fall to 4-month low

Last Updated: Thursday, August 11, 2011, 23:58

New US claims for unemployment benefits dropped to a four-month low last week, government data showed on Thursday, a rare dose of good news for an economy that has been battered by a credit rating downgrade and falling share prices.

US Senate passes measure to extend unemployment benefits

Last Updated: Wednesday, March 03, 2010, 11:31

The Senate passed a USD 10bn measure to maintain unemployment benefits for the long-term jobless and provide stopgap funding for highway programs.