PORTLAND, Maine— Maine's labor officials say the unemployment rate dropped slightly in December. Maine Labor Commissioner Jeanne Paquette says the preliminary seasonally adjusted rate was 5.5 percent, down from 5.7 percent in November and 6.4 percent in December 2013. Maine's figure has been higher than the country's for 87 consecutive months.» Read More
TRENTON, N.J.— The state Labor and Workforce Development Department says New Jersey lost 400 jobs in December, but the unemployment rate dropped to 6.2 percent from 6.4 percent in November. The unemployment rate has fallen 1 percentage point since December 2013 and is down 3.5 percentage points from December 2009. Chris Christie highlighted the falling rate in...
MADRID— Spain's unemployment rate remained stuck at 23.7 percent in the fourth quarter ending in December compared with the previous three-month period, marking an end to a series of joblessness rate declines throughout 2014, the government's statistics agency said Thursday. The National Statistics Institute put the total number of unemployed at a...
BOSTON— Massachusetts gained nearly 11,000 jobs and its unemployment rate dropped three-tenths of a percentage point to 5.5 percent in December, the final month of former Gov. Deval Patrick's administration, the state office of Labor and Workforce Development said Thursday. Preliminary estimates from the federal Bureau of Labor Statistics show...
At Davos, Guy Ryder, secretary general at ILO, talks about why unemployment is still a problem seven years after the global financial crisis.
The number of Americans filing new claims for unemployment benefits fell last week from a seven-month high.
Jonas Prising, CEO of Manpower Group, tells CNBC at Davos that job recovery in Europe will be a "long and slow process".
LANSING, Mich.— Michigan's seasonally adjusted unemployment rate continued its rapid decline last month, falling 0.4 percentage points to 6.3 percent and its lowest level in 12 years, the state said Wednesday. Michigan's unemployment rate is still higher than the national average, which fell 0.2 points to 5.6 percent in December. "Michigan continued to display...
Speaking at the World Economic Forum in Davos, Philip Jennings, general secretary at UNI Global Union, says there have been "humanitarian consequences" of the austerity measures in the euro zone.
BEIJING, Jan 20- One of China's official measures of its unemployment rate, also known as the survey-based unemployment rate, stood at 5.1 percent in 2014, the Chinese statistics bureau said on Tuesday. The comment followed data that showed the world's second-largest economy grew 7.3 percent in the fourth quarter, a rate that was near a six-year low.
SAN FRANCISCO, Jan 16- The Federal Reserve is still on track for a potential mid-year interest-rate increase, a top Fed official said on Friday, citing strong U.S. economic momentum and a falling unemployment rate. "There is no need to rush to raise rates; at the same time we want to make sure that we appropriately act in a way that we don't get behind the curve," San...
It was the weakest year-on-year reading since October 2009, and followed a 1.3 percent rise in November.
After last week's U.S. nonfarm payrolls data, Jim O'Sullivan, chief U.S. economist at High Frequency Economics, discusses how significant the wage decline in America is.
The number of Americans filing new claims for unemployment benefits last week increased to the highest level since early September.
But Nobel-winning economist Robert Shiller says it's difficult to predict how oil prices will ultimately affect how Americans think about the economy.
Could wages pick up this year? With Austan Goolsbee, former Chair for Council of Economic Advisers, discusses the correlation between health care costs and wages.
U.S. employers advertised the most job openings in nearly 14 years in November.
Job growth rose in December and the unemployment rate dropped, but so did wages.
Jan Hatzius, chief economist at Goldman Sachs, says that low wage growth in the U.S. is holding down core price inflation, which will delay a U.S. Federal Reserve rate hike beyond June's meeting.
The drop in wages is at odds with other wage indicators, JPMorgan's chief U.S. economist, Michael Feroli, told CNBC.
Dissecting strong jobs growth and negative wage growth, with Michael Feroli, JPMorgan chief U.S. economist, and Claude Davis, First Financial Bank President and CEO.