WASHINGTON, Dec 18- The number of Americans filing new claims for unemployment benefits unexpectedly fell last week, suggesting the labor market continued to strengthen. "The economy continues to run hard as it finishes out the year," said Chris Rupkey, chief financial economist at MUFG Union Bank in New York. Initial claims for state unemployment benefits...» Read More
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.
CNBC's Rick Santelli breaks down the latest data on jobs and the economy, with John Silvia, Wells Fargo chief economist, and Curtis Arledge, BNY Mellon vice chairman.
Checking on the U.S. markets ahead of the jobs numbers on Friday, with Todd Schoenberger, BlackBay Group and Anthony Chan, JPMorgan Private Bank.
Markets are parsing every word out of Europe for signs the central banks might be ready to aid the markets. CNBC's Steve Liesman discusses the details of his interview with New York Federal Reserve president William Dudley.
Breaking down the latest numbers on durable goods and the weekly jobless claims, with CNBC's Rick Santelli, and Steve Liesman and discussing its impact on the markets, with John Ryding, RDQ Economics chief economist.
Steve Case, AOL co-founder & former CEO and chairman, and Sen. Jerry Moran, (R-KS), discuss bipartisan legislation aimed at jump-starting the economy through the creation and growth of new businesses.
CNBC's Rick Santelli and Steve Liesman break down the latest numbers on jobless claims and its impact on the markets, with Jim Iuorio, TJM Institutional Services and Jeremy Siegel, University of Pennsylvania professor.
John Lonski, Moody's Capital Markets Research Group, and Michelle Girard, RBS senior economist, provide a preview of the initial claims number out this morning and weigh in on the soft job market and uncertainty in Washington.
CNBC's Steve Liesman offers insight on unemployment data and which economic indicator best gauges the health of the U.S. economy. Ken Sena, Evercore Partners analyst, also shares his expectations for LinkedIn ahead of its earnings report this afternoon.