WASHINGTON— Applications for U.S. unemployment benefits increased slightly last week to a seasonally adjusted 304,000. The four-week average for claims dipped to its lowest level since October 2007, two months before the Great Recession began. California: Down 13,982, due to fewer layoffs in services. Iowa: Down 1,266, due to fewer layoffs in manufacturing.» Read More
WASHINGTON— Americans seeking weekly unemployment benefits rose to 304,000; still at pre-recession levels.
US TREASURIES YIELDS HIT SESSION HIGHS AFTER JOBLESS CLAIMS, 10- YEAR NOTES YIELD 2.66 PERCENT.
WASHINGTON— The Labor Department reports on the number of people who applied for U.S. unemployment benefits last week. The report will be released at 8:30 a.m. Eastern time Thursday. EASTER SURPRISE: The number of people seeking jobless aide has stayed at pre-recession levels for several months.
More than a dozen categories of jobs are exempt from the minimum, currently $7.25 an hour. Tom Harkin, D- Iowa, would gradually raise the minimum to $10.10 by 2016. The Congressional Budget Office estimates it would mean higher earnings for 16.5 million workers— but also would cost 500,000 others their jobs.
LANSING, Mich.— The state says Michigan's seasonally adjusted unemployment rate has hit its lowest level in six years, falling two-tenths of a percentage point to 7.5 percent. The department says Michigan's civilian labor force rose 11,000 to 4.730 million in March, while the number of people working rose 19,000 to 4.375 million.
OLYMPIA, Wash.— Washington state added an estimated 6,700 jobs in March and the unemployment rate is holding steady at 6.3 percent, according to a report released Wednesday by the state Employment Security Department. "The short-term trend looks good," Paul Turek, a labor economist with the department, said in a written statement.
Job prospects for this year's college graduates have changed a lot from last year, according to a new survey.
NEW YORK— Federal Reserve Chair Janet Yellen said Wednesday that the U.S. job market still needs help from the Fed and that the central bank must remain intent on adjusting its policy to respond to unforeseen challenges.
President Barack Obama and Vice President Joe Biden are hitting the road to trumpet $600 million in new competitive grants to spur job creation.
LONDON— Britain's unemployment rate has fallen below 7 percent for the first time in five years, with earnings growth narrowly outstripping inflation for the first time since 2010.. The Office for National Statistics said Wednesday that 2.24 million people were unemployed in the three months to February, a rate of 6.9 percent.
Michael Sneyd, foreign exchange analyst at BNP Paribas, says the U.K. jobless figure is positive for the economy and sterling and advises playing the currency against the euro.
The Kentucky Office of Employment and Training says Woodford County's annual jobless rate last year was the state's lowest, at 6.1 percent, up from 6 percent in 2012. Leslie County had the highest rate in 2013 at 17.7 percent, up from 14.1 percent a year earlier.
WorkForce West Virginia reported Tuesday that the number of unemployed state residents rose by 1,200 in March to a total of 48,500 statewide. The West Virginia rate is less than the national rate of 6.7 percent. Employment gains in West Virginia were recorded in logging, construction and manufacturing.
SALEM, Ore.— Oregon state economists say March saw the largest one-month increase in jobs since well before the Great Recession. The news came Tuesday in the monthly report on jobs and joblessness.
BRASILIA, April 15- Brazil's growing prosperity is allowing teenagers to stay in school for longer instead of searching for jobs to support their families, boosting the country's long-term prospects but also causing some economic headaches.
In March 2013, the seasonally adjusted rate for New Hampshire was 5.3 percent. Nationally, the seasonally adjusted unemployment rate for March was 6.7 percent, unchanged from the February rate, and a decrease of. 08 percentage points from the March 2013 rate.
On the best jobs list, STEM careers dominate—High-five, math and science guys!—and the worst can be summed up in one word: Timber!
As Sweden tests out a six hour work day, the Asia Squawk Box team discusses if it could ever work in Asia.
SEATTLE— A group seeking a $15 an hour minimum wage filed paperwork Monday for a voter measure that would amend the Seattle charter, a move aiming to increase pressure on Mayor Ed Murray and the City Council to pass an increase without exemptions or delays. The group is pursuing a city charter amendment so it could not be changed by the City Council at a later time.
NEW YORK, April 14- U.S. consumers grew more confident in the labor market last month, with younger workers in particular seeing a greater chance of finding work should they lose their current job, a survey from the Federal Reserve Bank of New York said on Monday.