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US jobless claims at four-month high, cast shadow over labor market

April 6, 2013 16:39
The number of Americans filing new claims for unemployment benefits rose to its highest level in four months last week, suggesting the labor market recovery lost some steam in March. Initial claims for state unemployment benefits increased 28,000 to a seasonally adjusted 385,000, the highest level since November, the Labor Department said on Thursday. It was the third straight week of gains in claims.

Project JobsFit updated to determine key employment drivers in Western Visayas

April 6, 2013 09:10
The Department of Labor and Employment (DOLE) 6 recently met with various stakeholders to determine industries that would propel employment growth in Western Visayas in the next five to seven years.According to DOLE 6, it conducted a series of consultations with the representatives from the government, business sectors and academe to identify traditional and emerging industries that will boost employment growth in the region until year 2020.The consultation, DOLE said, will also update the Department’s Project JobsFit: The DOLE 2020 Vision.

Oil prices mixed in Asia ahead of US jobs data

April 5, 2013 02:16
Oil prices were mixed in Asia on Friday as traders waited cautiously for the release of US jobs data for March later in the day, analysts said. New York's main contract, West Texas Intermediate light sweet crude for delivery in May, shed 13 cents to $93.13 a barrel while Brent North Sea crude for May increased seven cents to $106.41 in the afternoon. Oil prices had fallen in New York on Thursday in the wake of unexpectedly high US jobless claims and concerns about a supply glut in the world's largest economy and energy consumer.

Ufone summer internship

April 4, 2013 16:02
Following the success of its Summer Internship Programme (SIP) 2012, Ufone is now re-launching the programme for 2013. SIP 2013 will commence in April at national level with campus drives being held across the country during which students will have to take a test and give an interview for final selection. The campus drives will be held in all major universities in cities including Islamabad, Sawabi, Lahore and Karachi.

PhilJob.net reports 162,663 job openings in April

April 4, 2013 14:32
With over 162,663 job vacancies as of April 3, 2013, the Phil-Job.net is not far from becoming the country's premier online source of information on employment opportunities for job seekers.

US jobless claims jump to November high

April 4, 2013 09:15
New claims for US unemployment benefits unexpectedly leaped in late March to their highest level since November, government data released Thursday showed. Initial jobless claims, an indicator of the pace of layoffs in the US economy, totaled 385,000 in the week ending March 30, up 28,000 from the prior week's unrevised reading of 357,000, the Labor Department reported. The four-week moving claims average rose by 11,250 to 354,250. The third straight weekly increase was unexpected and brought claims to their highest level since late November.

labor ministry-policy plan

March 29, 2013 02:45
SEOUL, March 29 (Yonhap) -- South Korea aims to create more than 2 million new jobs to boost the country's employment rate to 70 percent by 2017, the labor ministry said Friday. In its 2013 policy plan reported to President Park Geun-hye, the Ministry of Employment and Labor said it will create an average of 476,000 new jobs annually, totaling 2.38 million in five years. The country's employment rate, which measures the number of employed people as a proportion of the population aged 15 or older, stood at 57.2 percent last month, according to government statistics.

U.S. jobless claims rise, labour market still healing

March 28, 2013 09:00
WASHINGTON (Reuters) - The number of Americans filing new claims for unemployment benefits rose more than expected last week, but probably not enough to suggest the labour market recovery was taking a step back. Initial claims for state unemployment benefits increased 16,000 to a seasonally adjusted 357,000, the Labor Department said on Thursday. Still, they remained in the middle of their range for this year.

U.S. jobless claims point to improving labour market

March 21, 2013 09:45
By Jason Lange WASHINGTON (Reuters) - The number of Americans filing new claims for jobless benefits edged higher last week, but a trend reading dropped to its lowest in five years and pointed to ongoing healing in the labour market. The Labour Department said initial claims for state unemployment benefits rose 2,000 to a seasonally adjusted 336,000, which was less than analysts had expected.

US jobless claims fall for third week in row

March 14, 2013 09:16
New claims for US unemployment benefits fell last week for the third week in a row, signaling continuing improvement in the troubled jobs market, Labor Department data released Thursday showed. Jobless claims, an indicator of the pace of layoffs across the country, totaled 332,000 in the week ending March 9, a drop of 10,000 from the prior week's revised number, the department said. Last week's reading was the lowest since January 19, when jobless claims hit a five-year low. The decline surprised analysts who on average expected claims to rise to 350,000.
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