WASHINGTON— Even after another month of strong hiring in June and a sinking unemployment rate, the U.S. job market just isn't what it used to be. Many part-timers can't find full-time work. "The Fed may recognize that this is a new labor-market normal, and it will begin to normalize monetary policy," said Patrick O'Keefe, an economist at accounting and consulting firm...» Read More
The jobs number may have sent many market bulls running for the exits Friday morning, but not Brian Kelly of Kanundrum Capital. So why the optimism?
The longer people stay out of work, the more trouble they have finding new work. That is a fact of life that much of Europe, with its underclass of permanently idle workers, knows all too well. But it is a lesson that the United States seems to be just learning. The New York Times reports.
The shockingly weak jobs numbers released this morning are evidence of something I've talked about in this space: American businesses are on strike.
NYU's Stern School of Business Dean Peter Henry believes the recovery will be slower in the US and other advanced economies, where discretionary spending has cooled, while emerging markets—and their newly discovered taste for fine goods—will bounce back more quickly.
Economic growth will be subpar, the jobless rate drifts lower, deflation remains a concern, deficit reduction goes nowhere and heads roll in Washington.
Young people are not preferred by employers and are the first victims of business cycles, José Manuel Salazar, executive director at the International Labor Organization, told CNBC Friday.
In the biggest real estate deal of the year, Google signed a contract on Thursday to buy one of the largest office buildings in Manhattan for more than $1.8 billion, according to two real estate executives who have been briefed on the deal, the New York Times reports.
Learn how the "Fast Money" traders suggest navigating potentially market moving developments on Friday, Dec. 3.
"We do expect to see a favorable report, a better one than we've seen in a long time," said Dean Maki of Barclay's Capital, who sees a gain of 170,000 jobs for November.
We cannot close the demographic gap retroactively, but we certainly can close the skills gap — through education. Clearly, education is the key to youth employment, and this is where both government and industry must take action to engage and inspire young people.
Youth unemployment represents one of the most significant barriers to economic and social development throughout the world, John Studzinski is Senior Managing Director and Head of Financial Advisory at Blackstone says in this guest blog for CNBC.
David Arkless, the President of Corporate and Government Affairs at Manpower, travels the world speaking to governments and businesses about one thing: talent.
As unemployment amongst the young soars, the boss of private equity giant Blackstone has called for those under 25 to be equipped with better life skills.
At the global level, the youth unemployment rate in 2009 was 2.7 times higher than the adult unemployment rate. In four of nine regions the ratio went beyond 3. Why are youth unemployment rates so much higher than adult rates?
Youth joblessness around the globe is reaching crisis proportions, leaving as many as 100 million young people unable to find a job or lead productive and purposeful lives. The rise in youth unemployment also robs communities and countries of an historic opportunity to boost economic growth and prosperity.
As young people who've suffered directly from long-term unemployment, we're sure of one thing: youth joblessness is a massive challenge—but one that can be overcome through innovation.
For young people to have meaningful work, they need education, skills, and opportunity. They have to be ready to join the labor force, and there must be jobs for them to take.
The International Labor Organization has been looking at ways companies can invest in young people while at the same time driving profitability.
The jobless rate barely budges, more finance pros head to China and vocational schools become more popular.
Home inventories hit a new high, housing starts start to recover and GSE reform goes nowhere.