Initial claims for state unemployment benefits dropped 9,000 to a seasonally adjusted 282,000 for the week ended March 21, the Labor Department said on Thursday. That was the lowest level since mid-February and was better than economists' expectations for a dip to 290,000. A Labor Department analyst said there was nothing unusual in the state-level data.» Read More
Initial claims for unemployment benefits dropped 12,000 to a seasonally adjusted 365,000, according to the Labor Department. CNBC's Rick Santelli assesses what the data signals about the U.S. economy.
The Department of Labor said it inadvertently released initial jobless claims numbers on an agency website a a day prior to its official Thursday release.
CNBC's Rick Santelli breaks down the data on weekly jobless claims, up 34,000 for the week ending July 14, with CNBC's Steve Liesman.
CNBC's Rick Santelli breaks down the numbers on initial jobless claims and June's import price data.
Breaking down the details of the Fed's FOMC minutes, with CNBC's Brian Sullivan, Brian Shactman, Rick Santelli, and PIMCO's Bill Gross.
As investors become increasingly uneasy about the second-quarter earnings period, expectations for more action from the Fed are on the rise. But with record low rates and the weak global economy, analysts are anticipating a disappointing season all around.
The impact of Europe's debt crisis on US companies is about to come out in the wash as second-quarter earnings season kicks off with Alcoa on Monday. Plus, China economic data.
Some economists are raising their estimates for the June jobs report but even if the number is better than expected, “I don’t think that would take QE off the table," one strategist said.
Enjoy the hot dogs and fireworks because after the Fourth of July holiday, the market will get hit with three job readings Thursday followed by the main event Friday — the June jobs report.
CNBC's Rick Santelli reports Q1 GDP rose 1.9 percent, while initial jobless claims totaled 386,000. Jim Iuorio, TJM Institutional Services and John Silva, Wells Fargo, weigh in.
Recent graduates with arts degrees face a jobless rate of 11.1 percent. With numbers like that, the degree probably seems useless. But many people have gone on to great success after earning “useless” degrees.
CNBC's Rick Santelli and Steve Liesman break down the data on this week's jobs numbers and discuss its impact on the markets and what it indicates about the economic recovery, with Jim Iuorio, TJM Institutional Services.
CNBC's Rick Santelli breaks down the latest numbers on jobless claims & Consumer Price Index, and a look at the impact on the market, with CNBC's Steve Liesman.
Federal Reserve Chairman Ben Bernanke answers questions before the Joint Economic Committee in Congress. In the third round of questioning from Sen. DeMint and Sen. Sanders, Bernanke addresses the nation's growing debt levels and low interest rates, and whether it's a conflict of interest to have JPMorgan's Jamie Dimon sitting on the board of the New York Fed.
Federal Reserve Chairman Ben Bernanke answers questions before the Joint Economic Committee in Congress. In the second round of questioning from Rep. Campbell and Rep. Cummings, Bernanke addresses debt restructuring in Greece, and concerns about Spain and Italy. "It's important for European leaders to take additional effective steps to contain the problem," says Bernanke. The Chairman also weighs in on the weak housing sector and whether a targeted principal reduction program would help with the housing recovery.
Federal Reserve Chairman Ben Bernanke answers questions before the Joint Economic Committee in Congress. In the sixth round of questioning from Rep. Duffy and Rep. Lee, Bernanke address the implementation of the Volcker Rule, and the duration of long and short term interest rates.
Federal Reserve Chairman Ben Bernanke answers questions before the Joint Economic Committee in Congress. In the first round of questions from Chairman Casey, Vice Chairman Brady and Rep. Sanchez, the Fed chief weighs in on interest rates; what is holding back the economic recovery; and the possibility of a further round of quantitative easing.
Federal Reserve Chairman Ben Bernanke testifies before Congress on the state of the U.S. economy, Fed policy and the outlook for economic growth. Bernanke comments on the weak jobs numbers and the decline in gas prices, and says concerns about Europe, U.S. fiscal policy and a poor housing market have continued to impair economic recovery.
CNBC's Rick Santelli breaks down the numbers from this week's jobless claims data, and discussing what it indicates about the nation's economic recovery and market outlook, with CNBC's Steve Liesman and Joshua Feinman, DB Advisors economist.
"We really have two separate economies. One economy is behaving reasonably well; in the second economy, there is an extreme level of forward discounting going on. You can see it in the spreads between the 30-year Treasury on the one hand, and the 5-year Note, that spread is the largest in history," says Alan Greenspan, former Federal Reserve chairman, sharing his perspective on the problems facing the U.S. economic recovery.