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Economy adds 290,000 jobs; unemployment rate up 9.9% in April

Sat, 08/05/2010 - 15:47 by Jaspreet Virk

In a convincing sign that economic recovery is translating into more jobs in the nation, the economy added 290,000 jobs in April, according to a report released by Bureau of Labor Statistics.

Economy adds 1,62,000 jobs in March; unemployment at 9.7%

Sat, 03/04/2010 - 12:09 by Ishita Sood

According to latest figures from the Labor Department, U.S. employment showed the maximum growth in the month of March after a period of three years. Employers added 162,000 new jobs to payrolls.

US inflation up 0.2 %, CPI falls 0.1%

Sat, 20/02/2010 - 15:20 by Ishita Sood

Labor Department’s latest report on inflation shows some respite in U.S. economy as inflation increased only by 0.2 percent. The latest figures for the month of January and are below analysts' expectations.

U.S. markets surge on job news

Fri, 07/08/2009 - 22:08 by Salinder Kumar

New York -- U.S. markets jumped Friday after the Labor Department said the unemployment rate improved in July, moving from 9.5 percent to 9.4 percent.

The jobless rate shifted on the loss of of 247,000 jobs, about 100,000 less than economists predicted.

For July, economists had forecast a jump in unemployment to 9.6 percent. The surprise decline gave markets a strong boost.

In early afternoon trading, the Dow Jones industrial average gained 172.76 points, 1.87 percent, to 9,429.02. The S&P 500 gained 20.84 points, 2.09 percent, to 1,017.92. The Nasdaq index added 37.35 points, 1.89 percent, to 2,010.51.

The benchmark 10-year Treasury fell 26/32 to yield 3.86 percent.