Labor Department

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The closed Department of Labor  in New York. US unemployment claims reached a new high as the coronavirus pandemic closed businesses.  Photograph: Angela Weiss/AFP via  Getty Images

The number of Americans filing claims for unemployment benefits last week shot to a record high for a second week in a row - topping 6 million - as mo(...)

US president Donald Trump. The sudden stop of the US economy has several economists predicting gross domestic product will shrink in the second quarter by the most in quarterly records dating back to 1947.  Photograph: Bloomberg

The number of Americans filing for unemployment benefits surged to a record 3.28 million last week as businesses shuttered and laid off workers as par(...)

You don’t need to be an expert to predict the likely impact of confining consumers to their homes for an extended period. We’re already surrounded by empty shops and closed businesses

The economy we lived in last month has vanished. Full employment, budget surpluses, rainy day funds – forget them, they’re gone. The coronavirus has (...)

Visitors to the Department of Labor are turned away at the door by personnel due to closures over coronavirus concerns, Wednesday, March 18, 2020, in New York. Photo: AP Photo/John Minchillo)

The number of Americans filing for unemployment benefits surged by the most since 2012 to a two-and-a-half -year high last week, as companies in the s(...)

Democratic presidential candidate Joe Biden: seeking to gather momentum for his candidacy in New Hampshire. Photograph:  Spencer Platt/Getty

Democratic presidential candidates will intensify their campaigns in New Hampshire this weekend ahead of the nation’s first primary contest on Tuesday(...)

Burberry fell as much as 4.7% after it said the coronavirus outbreak was hurting luxury demand in key markets in the Chinese mainland and Hong Kong. Photograph: Simon Dawson/Bloomberg

Global equity markets and government debt yields slumped on Friday as growing concerns about the impact of the coronavirus on global growth overshadow(...)

Photograph: iStock

US producer prices increased by the most in six months in October, lifted by gains in the costs of goods and services, further bolstering the Federal (...)

The economy created 95,000 more jobs in August and September than previously estimated

US job growth slowed less than expected in October as the drag from a strike at General Motors was offset by gains elsewhere, while hiring in the prio(...)

European shares closed higher on Friday, helped by a solid US jobs report for September.

European shares closed higher yesterday, helped by a solid US jobs report for September which offered some relief for followers of the world’s largest(...)

Nonfarm payrolls increased by 136,000 jobs last month

US job growth increased moderately in September, with the unemployment rate dropping to near a 50-year low of 3.5 per cent, which could assuage financ(...)

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