Labour Market

Initial claims decreased by 6,000 to 206,000 in the week ended Aug 15

Private sector regular earnings rise by 2.8% in annual terms; unemployment rate holds at 4.9%

Initial claims for state unemployment benefits rose 9,000 to a seasonally adjusted 209,000 for the week ended Aug 8

The employment cost index increased 3.4% in the 12 months ended in June

Elevated petrol and food prices likely weighed on US households

The country faces challenges in shielding its workforce from AI displacement while chasing technological supremacy

Workplace integration must become a core economic capability to solve the country’s manpower crunch

Non-farm payrolls increased by 57,000 jobs in the month

Private employment rose by 98,000 jobs last month after an unrevised 122,000 advance in May