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US job growth slows, unemployment rate at 8-year low

US job growth slows, unemployment rate at 8-year low

Nonfarm payrolls increased by 151,000 jobs last month and the unemployment rate slipped to 4.9 percent, the lowest since February 2008, the Labor Department said on Friday.


US gains 223,000 jobs in April, jobless rate at 7-year low

The US economy pumped out a solid 223,000 net new jobs in April, rebounding modestly from a dismal March, the Labor Department reported Friday.

US jobless claims trend at 15-year low

New claims for US unemployment insurance benefits rose modestly last week but the overall trend fell to a 15-year low, the Labor Department reported Thursday.

US job openings hit 13-year high in June

The number of US job openings hit a 13-year high in June and more workers quit their jobs, pointing to a tightening labor market, Labor Department data showed Tuesday.

US economy seen regaining muscle in second quarter

Gross domestic product likely grew at a 3.0 percent annual rate after shrinking at a 2.9 percent pace in the first quarter, according to a Reuters survey of economists.

US jobs machine revs up, cutting unemployment to 6.1%

US job creation picked up solidly in June, pushing the jobless rate down to 6.1 percent, boosting confidence in the economy and sending stocks flying to new records.

US created 9.4 million new jobs in last 51 months: Obama

Obama said Republicans have a flawed theory of the economy that they cannot seem to get past.

Asian shares edge up amid expectations for upbeat US jobs report

Asian shares edged up and the dollar held slim gains amid expectations for an upbeat U.S. payrolls report later in the session, which could show the economy shaking off a severe winter.

US manufacturing growth improves in October

The US manufacturing sector expanded in October for the fifth consecutive month and growth picked up pace from the previous month, a leading industry survey showed Friday.

US manufacturers added about 5 lakh jobs in 3 years: Obama

"After shedding jobs for more than 10 years, our manufacturers have added about 5,00,000 jobs over the past three. What we need to do now is simple. We need to accelerate that trend," Obama said in his weekly radio and web address to the nation.

US unemployment rate drops to 7.8% in Sept; lowest in 4 years

Unemployment rate in the US last month dropped to 7.8 percent, lowest since Barack Obama took office, giving the incumbent President's campaign a boost after a disappointing presidential debate.

Indian orders create jobs in US, disprove Obama

India has placed an order for eight maritime petrol aircraft P8I and 10 C-17 heavy-lift military aircraft.

US jobless claims fall to lowest level in 4 years

The number of people seeking US unemployment benefits dropped last week to the lowest level in four years, adding to evidence that the job market is strengthening.

US jobless claims hold steady at 4-year low

The number of Americans filing new claims for jobless benefits last week held at the lowest level since the early days of the 2007-2009 recession, signaling that the battered labor market is healing.

US employment growth picks up pace

Employment growth accelerated last month and the jobless rate dropped to a near three-year low of 8.5 percent, offering the strongest evidence yet the economic recovery was gaining steam.

World stocks rise on US jobs data; euro reverses

World stocks rose on Friday and were on track for their biggest weekly gain since March 2009 as US data showed a drop in the jobless rate, while the euro turned weaker.

Congress OKs Korea, Panama, Colombia trade deals

The Congress on Wednesday approved long-delayed trade pacts with South Korea, Colombia and Panama that are expected to lift exports by about USD 13 billion a year and give US employment a boost.

Creating new jobs remains a challenge: Obama

US President Barack Obama on Monday underlined the need to boost economic growth so that more jobs are created, as he nominated a Princeton University economist as his top adviser.

US jobless claims edge down last week

New claims for unemployment benefits were little changed last week, a government report showed on Thursday, pointing to a marginal improvement in the labor market.