WASHINGTON— Federal Reserve Chair Janet Yellen says she's prepared to let the unemployment rate fall from its current 5.8 percent to exceptionally low levels, saying doing so should help cause inflation to rise closer to the Fed's 2 percent target. A forecast provided by Fed policymakers indicates that the unemployment rate is expected to slip below 5...» Read More
CNBC's Bob Pisani dissects the move higher in the S&P 500 after the FOMC statement. The Fed said the effects of lower oil prices are transitory in nature.
Reacting to the FOMC statement, with Lindsey Piegza, Sterne Agee; David Kelly, JPMorgan Funds; Bob Doll, Nuveen Asset Management; and CNBC's Steve Liesman. The Fed has kept its key phrase of "considerable time."
CNBC's Steve Liesman reports the Federal Reserve has kept its key phrase of "considerable time" regarding keeping interest rates near zero, but only as a reference, not a policy. The committee continues to monitor inflation developments.
LONDON— Official figures show Britain's unemployment rate was 6 percent in the three months to October, its lowest level since the 2008 financial crisis. The Office for National Statistics said Wednesday that 1.96 million people were unemployed in the quarter, 63,000 less than the previous quarter. IHS Global Insight analyst Howard Archer was encouraged by...
Pantheon Macroeconomics' chief economist Ian Shepherdson, thinks the Fed will shift its language this week regarding rates.
The share of prime-age men who are not working has more than tripled since the late 1960s, and some are not eager to take new jobs. NYT reports.
The number of Americans filing new claims for unemployment benefits fell last week, pointing to a strengthening labor market.
The chasm between the richest and poorest is at a 30-year high in developed countries, dragging down growth, according to a new global report.
WASHINGTON, Dec 9- U.S. states' revenues are growing at a faster clip than last year, mostly due to the brightening national economic picture, and are stabilizing the governments' budgets, according to a nationwide survey released on Tuesday. "Economic growth and declines in the unemployment rate have led to an improved outlook for state revenues in fiscal 2015,...
Dec 8- U.S. economic growth is expected to pick up next year, driving down the unemployment rate, but inflation is seen slowing slightly, according a survey published Monday by the Federal Reserve Bank of Chicago. The forecasts, from manufacturers, bankers, analysts and others participating in the regional Fed bank's annual outlook symposium last week, also point...
While the U.S. jobs report's headline numbers were good, we need younger people to get jobs and create economic growth to support the U.S. economy, say Lance Roberts, chief strategist at STA Wealth Management.
David Dietze, President & Chief Investment Strategist at Point View Wealth Management, says an increase in wages and weekly hours worked are good signs for the economy.
WASHINGTON— This year's hiring boom hasn't been just about a couple of standout industries. All major sectors have posted impressive gains, reflecting the broad strength of the U.S. economy. The unemployment rate stayed at 5.8 percent, the lowest level since July 2008.
Jason Furman, Council of Economic Advisors chairman, provides perspective on what's working in the U.S. economy.
WASHINGTON— US employers add 321,000 jobs in November, most in nearly 3 years; jobless rate stays 5.8 pct.
OTTAWA, Dec 5- Canada lost 10,700 jobs in November after two consecutive months of big gains, and the unemployment rate edged up to 6.6 percent from 6.5 percent in October, Statistics Canada said on Friday. The Bank of Canada- which has kept interest rates at near record lows for more than four years to stimulate the economy- said on Wednesday that the labor market...
CNBC's Hampton Pearson breaks down the numbers on Friday's jobs report.
NEW YORK— A strong jobs report boosted U.S. and European stocks Friday, and left the Dow Jones industrial average just short of the 18,000 mark. The Labor Department said U.S. employers added 321,000 jobs last month, the biggest burst of hiring in nearly three years, while the unemployment rate remained steady at 5.8 percent. "We continue to see this steady drip into...
WASHINGTON— The resurgence in U.S. hiring accelerated in November and put 2014 on track to be the healthiest year for job growth since 1999.. The unemployment rate remained at a six-year low of 5.8 percent, the Labor Department said Friday. The average hourly wage rose 9 cents to $24.66, the biggest gain in 17 months.
Patrick Belser, senior economist at the ILO, blames corporations sitting on cash and not passing money onto the workforce for a lack of wage growth.