Unemployment
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According to the FOMC minutes, the labor market shows some improvement, though unemployment is elevated, with CNBC's Steve Liesman.
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According to the FOMC minutes, the labor market shows some improvement, though unemployment is elevated, with CNBC's Steve Liesman.
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The Fed is still months away from beginning the process of scaling back its $85 billion a month bond-buying program, JPMorgan Chief Economist Bruce Kasman tells CNBC.
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CNBC has been ranking all 50 states for competitiveness since 2007. This year's report comes as states continue to get back in fighting shape—fighting for jobs, that is.
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Chris Rupkey at MD and chief financial economist at Bank of Tokyo-Mitsubishi UFJ and and Tony Fratto, managing director at Hamilton Place Strategies, discuss the U.S. economy and whether the Fed should signal an end of money printing.
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We score all the states on 55 measures of competitiveness and 10 categories, from the cost of doing business to technology and innovation.
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ESPN, the sports channel that is Walt Disney's most profitable unit, is cutting 300 to 400 jobs across the company and closing a small Denver office, a source said.
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MONTPELIER, Vt.-- Vermont's unemployment rate continues to decline. In the state's 17 local labor market areas, the non-seasonally adjusted rates for April ranged from 2.9 percent in the Hartford area to 7.3 percent in Newport.
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ATLANTA-- Georgia's seasonally adjusted unemployment rate dropped to 8.2 percent in April, state labor officials said Thursday. The figure is down from 8.4 percent in March, and 9.1 percent a year ago, according to the Georgia Department of Labor. Georgia's unemployment rate is now the lowest it has been since December 2008, Labor Commissioner Mark Butler said.
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May 16- New Jersey's unemployment rate dropped to 8.7 percent in April and personal income tax collections rose 29.1 percent to $2.23 billion from the same month last April, state data show.
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The Federal Reserve could begin easing up on the monetary gas pedal this summer and end its bond buys late this year, a top Fed official said Thursday, citing "good news" on jobs.
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When it comes to shareholder votes, the running tallies are a closely guarded secret - now, that protocol has changed, the NYT reports.
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OLYMPIA, Wash.-- Washington state's unemployment rate dropped to 7 percent in April, and the state added an estimated 3,800 jobs last month, according to numbers released Wednesday. The state has now regained about 78 percent of the more than 200,000 jobs lost during the recession, officials with the state Employment Security Department said.
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Extended unemployment benefits do not keep people from finding a job, a report showed. But whether extensions help or hurt the jobs picture is far from settled.
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The number of Britons claiming unemployment benefit fell much more than expected in April, official data showed on Wednesday.
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Ebrahim Rahbari, director of global economics at Citi Research, who coined the "Grexit" term, asks if the risks of Greece exiting the euro have really receded.
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Sharan Burrow, general secretary of the International Trade Union, tells CNBC that five years in to the economic crisis, austerity has failed, international institutions have failed and there's a humanitarian crisis.
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The summer job market looks relatively sunny, including for young entrepreneurs. But teen job seekers will be competing with older workers for seasonal slots.
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OTTAWA, May 10- Canada gained a modest 12,500 new jobs in April and the unemployment rate held steady at 7.2 percent, Statistics Canada reported on Friday, the latest sign the economy is on track for only tepid growth in the second quarter.
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It was a strong week for stocks, with the FMHR team. Meanwhile, CNBC's Josh Lipton weighs in on the gold miners.
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*Employment up 12,500 in April after 54,500 loss in March. Jobless rate stays at 7.2 pct; had been 7.0 pct in Feb. OTTAWA, May 10- The Canadian economy in April recovered 12,500 of the 54,500 jobs estimated to have been lost in March, but the unemployment rate stayed at 7.2 percent, Statistics Canada reported on Friday.
