Jobless claims fall to a 5-month low

By Poroma Pant The number of Americans applying for new unemployment benefits fell last week to the lowest level in five months, indicating a continued low rate of employer layoffs and a steadily improving labor market. The U.S Department of Labor said in a Thursday report that, for the week ended March 5, initial unemployment […]

ADP report shows hefty rise in private sector employment


By Poroma Pant The U.S private sector enjoyed a slightly stronger-than-expected increase of 214,000 jobs in February – suggesting that the U.S job market remains resilient despite an unsettling stock-market falloff — according to a payroll-abased report carried out by ADP Research Institute. “Despite the turmoil in the global financial markets, the American job machine […]