Jim Iuorio, TJM Institutional Services, would rather be a seller than a buyer in the short term. Bob Doll, Nuveen Asset Management, provides perspective on when the Fed might begin to raise rates.» Read More
CHICAGO— Illinois unemployment fell in July to 6.8 percent, the fifth straight monthly decrease in the state's jobless rate and a six-year low, according to figures released Thursday by the state Department of Employment Security. Illinois state officials celebrated the news on Thursday, which Gov. Pat Quinn called a "momentous" day.
TRENTON, N.J.— New Jersey's unemployment rate edged down one-tenth of a percent in July to 6.5 percent, but still remains above the national average of 6.2 percent. The report released Thursday by the state Labor Department and based on data collected by the U.S. Bureau of Labor Statistics shows private sector employers added 8,500 jobs during the month.
BOSTON— The Massachusetts unemployment rate crept up to 5.6 percent last month even though the state added almost 14,000 new jobs. The Executive Office of Labor and Workforce Development announced Thursday that with July's job additions, the state has added more than 67,000 jobs since July 2013.
New U.S. claims for unemployment benefits rose more than expected last week, as July import prices fell on lower petroleum costs.
CNBC's Rick Santelli breaks down the latest numbers on unemployment and import prices.
ATLANTA— State labor officials say Georgia's unemployment rate has risen to 7.8 percent. The Georgia Department of Labor on Thursday announced the new jobless figure, which is up from 7.4 percent in June. State Labor Commissioner Mark Butler said the increase is mostly due to temporary, seasonal layoffs in local government and manufacturing.
LANSING, Mich.— The state says Michigan's seasonally adjusted unemployment rate rose 0.2 percentage points to 7.7 percent in the latest month. The Michigan Department of Technology, Management& Budget released the July employment report Wednesday. The state says that Michigan's civilian labor force remained stable at 4.744 million in July.
Business inventories rose in June, but modest gains at non-automobile retailers suggested second quarter growth could be revised lower.
U.S. retail sales were unexpectedly flat in July, pointing to some loss of momentum in the economy.
Robert Wood, chief U.K. economist at Berenberg, reacts to the latest U.K. unemployment and wage growth numbers and discusses what it means for the Bank of England.
PORTLAND, Ore.— The state Employment Department says Oregon's jobless rate was 6.9 percent in July, up from 6.8 percent the month before. The agency says employers added 200 jobs in July, following a revised loss of 3,000 jobs in June. Though the unemployment rate inched higher last month, it is down from 8 percent in July of last year and 8.7 percent in July 2012.
In July 2013, the seasonally adjusted rate for New Hampshire was 5.2 percent. Nationally, the seasonally adjusted unemployment rate for July was 6.2 percent, an increase of 0.1 percentage point from June, and a decrease of 1.1 percentage points from the July 2013 rate.
Lawmakers weighed in on President Barack Obama's authorization of "targeted airstrikes" in Iraq.
Investors will gauge the strength of the euro zone's fragile economy this week as conflicts in Ukraine and Iraq darken the mood.
U.S. nonfarm productivity rebounded more strongly than expected in the second quarter, but unit labor costs slowed sharply.
New U.S. claims for unemployment benefits unexpectedly fell last week, pointing to a strengthening of the labor market.
CNBC's Rick Santelli breaks down the latest numbers on unemployment. And CNBC's Steve Liesman provides perspective on the data. What we are seeing is a shift downward in the jobless claims, says Liesman. Also a look at the European Central Bank's policy versus the Federal Reserve and Bank of England.
The U.S. trade deficit narrowed more than expected as petroleum imports dropped to a 3-1/2 year low, suggesting trade is less of a drag on growth.
Luis Costa, head of CEEMEA FX and rates strategy at Citi, discusses the prospects of the euro and why analysts have been wrong on its price movement.
The U.S. services sector hit its highest in 8-1/2 years in July, boosted by growth in business activity.