H-1B visa reform bill introduced in US Senate

H-1B visa reform bill introduced in US Senate

Two US Senators have introduced a bipartisan legislation in the Senate seeking reform of H-1B visa programme and modify wage requirements while also calling for a sense of urgency against the "abuse of the system" over a scheme they claim has gotten away from its original intent.

Indians working in US find their job less stressful: Survey

Indians working in US find their job less stressful: Survey

A majority of Indians who live in the US and send money home say they are overqualified for their jobs here and find their US workplace to be less stressful than workplaces in India, a survey has revealed.

Indian tech industry supports over 411,000 jobs in US: Report

Indian tech industry supports over 411,000 jobs in US: Report

Indian tech industry contributed nearly 411,000 jobs to the US economy this year and USD 20 billion in taxes between 2011-15 when American firms leveraged Indian talent to provide innovative and cost-competitive solutions to boost their global market share, a new report said Monday.

US jobless claims edge higher

Initial jobless claims, a sign of the pace of layoffs, rose to 274,000 in the week ending August 8, an increase of 5,000 from the previous week`s level, the Labor Department reported.

Dollar slips vs euro, yen after US jobs report

The dollar fell against the euro and the yen Friday, despite a solid US jobs report that raised expectations that the Federal Reserve will soon lift interest rates.

US stocks fall as jobs report lifts talk of rate hike

Wall Street stocks dropped Friday after a solid US jobs report for July lifted expectations the Federal Reserve will soon raise interest rates.

US jobless claims tick higher

Initial jobless claims, a sign of the pace of layoffs, rose to 270,000 in the week ending August 1, an increase of 3,000 from the prior week`s unrevised level of 267,000.

US jobless claims drop to 41-1/2-year

The number of Americans filing new applications for unemployment benefits last week fell to its lowest level in more than 41-1/2 years, suggesting the labor market maintained a solid pace of job growth in July.

US jobless claims fall

New claims for US unemployment benefits fell last week, the government said Thursday in a report adding further evidence of a tightening labor market.

Shanghai up on China data as US jobs growth fuels rate hike talk

Shanghai stocks ended at a seven-year high Monday after another round of weak Chinese data fuelled hopes for fresh stimulus, while the dollar sat around 13-year highs following a forecast-busting US jobs report.

Shanghai up on China data as US jobs growth fuels rate hike talk

Shanghai stocks were the stand-out performers in Asian trade Monday after another round of weak Chinese data fuelled hopes for fresh stimulus, while the dollar sat around 13-year highs following a forecast-busting US jobs report.

US job growth surges, wages push higher in May

Nonfarm payrolls increased 280,000 last month, the largest gain since December, the Labor Department said on Friday.

Sturdy US jobs report boosts chances of Fed rate hike

Nonfarm payrolls increased 280,000 last month, the largest gain since December, the Labor Department said on Friday.

Fed still seen in lift-off mode as Yellen takes centre stage

The US Federal Reserve is likely to stick with plans to raise interest rates later this year, with progress towards its employment and inflation goals helping allay concerns over the economy`s recent weakness, current and former Fed officials say.

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.

Gold up as dollar turns lower; focus on U.S. jobs data

Gold rose on Tuesday as the dollar turned lower and global shares fell ahead of U.S. non-farm payroll data later in the week that could give clues as to when the Federal Reserve will raise interest rates.

US jobless claims steady at 295,000

New claims for US unemployment insurance benefits held steady last week above the trend, the Labor Department reported on Thursday.

Gold price slips on renewed bets for US rate hike in June

Gold retreated for a third session in a row on Thursday after comments from Federal Reserve officials and minutes of the U.S. central bank`s meeting last month suggested that a rate increase in June remained on the cards despite recent weak data.

'H-1B visa system is broken, needs to be fixed'

With the announcement that both the 65,000 and 20,000 H-1B visa caps for fiscal year 2016 have been reached, a top business body in the US has made a renewed call for Congress to fix the immigration system that keeps US companies from hiring the top world talent they need.