The number of Americans filing for jobless benefits inched up last week but remain at healthy levels

Associated Press

WASHINGTON (AP) — The number of Americans filing for jobless benefits inched up last week but remain at healthy levels.

  • Up next
  • Up next
  • Up next
  • Up next

Latest Stories

  • Canadian unemployment rate rose to 6.4% in June as jobs market stalls

    OTTAWA — The Canadian job market stalled in June as the economy lost 1,400 jobs and the unemployment rate climbed to its highest level in more than two years, bolstering the case for further interest rate cuts by the Bank of Canada.

  • Canada's job market stalls in June, as unemployment rate climbs to 6.4%

    The Canadian labour market stalled last month, shedding 1,400 jobs.

  • US labor market losing steam as unemployment rate climbs to 4.1%

    U.S. employment increased solidly in June, but government and healthcare services hiring made up about three-quarters of the payrolls gain and the unemployment rate hit a 2-1/2-year high of 4.1%, pointing to a slackening labor market that keeps the Federal Reserve on course to start cutting interest rates soon. The Labor Department's closely watched employment report on Friday also showed the economy created 111,000 fewer jobs in April and May than previously estimated, suggesting the trend in payrolls growth was slowing. About 277,000 people joined the labor force, accounting for the increase in the jobless rate from 4.0% in May to the highest level since November 2021.

  • Canada's rising jobless rate pushes case for July rate cut

    OTTAWA (Reuters) -Canada's unemployment rate rose to a 29-month high of 6.4%, data showed on Friday, highlighting that people might be losing jobs as the labor market struggles to absorb a rapidly swelling population. The jobs report, which also showed that youth unemployment reached almost a decade high barring the pandemic years, prompted money markets to increase bets of a rate cut by the Bank of Canada this month to around 56% from 40% a day earlier. Economists pointed out that the rising unemployment rate could be indicating that Canada is flirting with recession.

  • S&P/TSX composite down Friday, U.S. markets reach new records

    TORONTO — Losses in the energy sector led Canada's main stock index lower on Friday, while U.S. stock markets rose to new records.

  • U.S. Added 206K Jobs in June as Unemployment Rate Rose to Highest Since November 2021

    Before this morning's jobs report, market participants put nearly 70% probability of lower rates in September, according to the CME FedWatch Tool.

  • June jobs report raises pressure on Fed for September rate cut

    The June jobs report showed unemployment approaching a three-year high and raised the pressure on the Fed to act on rate cuts in September.

  • Stock market today: S&P 500, Nasdaq jump to fresh records as jobs report fuels bets for September rate cut

    Investors are looking to the June jobs report for signs of more softening in the labor market that could lay the ground for rate cuts.

  • June jobs report: US labor market adds 206,000 jobs, unemployment rate rises to 4.1%

    The June jobs report comes at a crucial moment as economists debate whether the US labor market is still normalizing to pre-pandemic levels or showing the early signs of a broader slowdown.

  • Windsor's unemployment rate rose to 9.1% in June, the highest in Canada

    June's unemployment rate in Windsor is the highest in Canada, according to Statistics Canada.In its monthly labour force survey report, the agency said Windsor's unemployment rate came in at 9.1 per cent for June, up from 8.5 per cent in May.Calgary's unemployment is second highest in the country at 8.5 per cent.On a national level, the Canadian economy lost 1,400 jobs in June, pushing the unemployment rate to its highest level in more than two years. The overall unemployment rate rose 0.2 perce

  • Canadian unemployment rate rises to 6.4%, with student summer jobs especially hard to come by

    The Canadian economy was virtually unchanged in June, shedding 1,400 jobs, while unemployment rose 0.2 percentage points to 6.4 per cent, Statistics Canada said on Friday.Employment fell for young men between the ages of 15 and 24, with 13,000 jobs lost, while increasing for women aged 25 to 54 by 19,000 jobs.Fewer people worked in transportation and housing and public administration, while jobs were added to the food services and accommodation sector as well as the agriculture sector.Average ho

  • Futures Up on Release of Jobs Figures

    Futures tied to Canada's main stock index climbed on Friday as gold and copper prices rose, while investors ...

  • Jobs report today: Economy added 206,000 jobs in June, unemployment at 4.1%

    The economy added 206,000 jobs in June despite high interest rates, inflation. Unemployment rose to 4.1%

  • P.E.I. unemployment rate rises to 8%

    With job creation on Prince Edward Island stagnant over the last nine months, and the workforce continuing to grow with the population, the province's unemployment rate is rising.Statistics Canada released its June Labour Force Survey Friday morning. The unemployment rate was up almost a full percentage point, to 8.0 per cent.Employment on the Island increased through most of 2023, starting in January with 84,500 jobs and climbing to 92,100 in September.There have been some ups and downs since,

  • Fed rate cut debate to heat up as US job market cools

    (Reuters) -Federal Reserve policymakers got more evidence of U.S. labor-market cooling on Friday that could boost their confidence they are winning their fight on inflation, and open the path to a more active debate on interest-rate cuts when they next meet in late July. The Labor Department report showing a rise in unemployment and a decline in job creation is just the latest in a string of recent data offering more evidence of slowing than what U.S. central bankers had in hand at their June meeting. Friday's job report did not show big cracks in the labor market - indeed, job gains in June, at 206,000, outpaced economists' expectations.

  • Labor Market Weakness Keeps Door Open For Canada Rate Cuts

    (Bloomberg) -- The Canadian labor market unexpectedly lost jobs for the second time in four months, keeping the central bank on track to further cut rates this year.Most Read from BloombergBiden Narrows Gap With Trump in Swing States Despite Debate LossBiden’s Defiant Interview Unlikely to Calm Democratic NervesA $14 Billion Walmart Heir Joins Novogratz Urging Biden ExitIran Elects President Who Wants to Revive Nuclear Talks With WestTrump Distances Bid From Second-Term Agenda Pushed by AlliesTh

  • What to Expect From Today's Jobs Report

    The latest employment data is expected to show that the U.S. job market is returning to normal, with fewer positions added last month—a positive message for anyone rooting for cuts to interest rates. The Bureau of Labor Statistics is slated to release the June jobs report at 8:30 a.m. Eastern on Friday. The consensus call among economists surveyed by FactSet is that employers added 189,500 jobs in June—a healthy pace, but a slowdown from the 272,000 positions the bureau reported companies added in May. Yet some are expecting a much softer report.

  • Rod Stewart, 79, rocked by shock divorce news: report

    In a surprising turn of events Rod Stewart has received some shocking divorce news. See details.

  • Large amount of lobster dumped along highway east of North Bay, Ont.: police

    BONFIELD, ONT. — Ontario Provincial Police say they found a large amount of lobster that had been dumped along a highway east of North Bay. Police say they received calls about lobster on the shoulder of Highway 17 in Bonfield on Tuesday. They say it was disposed of "for unknown reasons." Officers are reminding the public that it's illegal to litter or dump items along the highway. They say it can also cause safety issues when it attracts wildlife to the road. Police are asking anyone with infor

  • Katy Perry rocked an underboob-baring diamanté bikini for 4th of July

    To celebrate the 4th of July pop icon Katy Perry rocked an American flag themed bikini and referenced her hit 'Firework'