A trade group for the nation's big airlines predicts that air travel over the Labor Day weekend will rise 2 percent from the same holiday last year. Nine leading U.S. carriers earned $3.8 billion in the first half of this year, allowing them to pay down debt, reward shareholders and order new planes.» Read More
*Family Dollar rejects Dollar General buyout offer. NEW YORK, Aug 21- U.S. stocks were set for a slightly higher open on Thursday, after jobless claims data pointed to continued improvement in the labor market and before the start of a meeting of top central bankers and economists in Jackson Hole, Wyoming.
WASHINGTON, Aug 21- The number of Americans filing new claims for unemployment benefits fell slightly more than expected last week, pointing to a sustained improvement in labor market conditions. Initial claims for state unemployment benefits declined 14,000 to a seasonally adjusted 298,000 for the week ended Aug. 16, the Labor Department said on Thursday.
WASHINGTON— Fewer people applied for U.S. unemployment benefits last week, another sign the job market is improving. The Labor Department said Thursday that weekly claims for jobless aid fell 14,000 last week to a seasonally adjusted 298,000. The prior week's figures were revised up slightly to 311,000..
WASHINGTON, Aug 21- The number of Americans filing new claims for unemployment benefits fell more than expected last week, pointing to a sustained improvement in labor market conditions. Initial claims for state unemployment benefits declined 14,000 to a seasonally adjusted 298,000 for the week ended Aug. 16, the Labor Department said on Thursday.
RIO DE JANEIRO— Nivea dos Santos got her first job as a live-in maid at age 12, dusting, vacuuming, ironing and polishing the silver of a wealthy Rio de Janeiro family from dawn until she'd fall, exhausted, into bed. More than two decades later, Brazil has passed legislation aimed at preventing such abuses.
WASHINGTON, Aug 20- The Federal Reserve has been surprised by how quickly the U.S. labor market is healing but doesn't want to bring forward a planned rate hike until the recovery looks more convincing, according to minutes of its last policy meeting.
Jamie Jenkins, labor market analyst at ONS and Laura Gardiner, senior research and policy analyst at Resolution Foundation, discuss the rise of self-employment in the U.K. and the implications for the economy.
CNBC's Jeff Cox explains how job growth over the past year continues to be strongest in lower-wage industries, where employment now exceeds pre-recession levels by 2.3 million.
MONTGOMERY, Ala.— For the second month, Alabama is the only state with an unemployment rate higher than a year ago. Bentley said nearly 60,000 new jobs have been announced since he became governor, and Alabama is poised for better days when plants come on line like Airbus in Mobile, Golden Dragon Copper Tubing in Wilcox County and Remington in Huntsville.
The Labor Department said Monday that unemployment rates fell in eight states in July and were unchanged in 12. At the same time, hiring rose in 36 states, fell in 13, and was unchanged in Iowa. Mississippi had the highest unemployment rate in July, at 8 percent, its first month with the highest since the 2008-2009 Great Recession.
Many economists are writing off 2% growth as "secular stagnation." To quote JFK, "We can do bettah!," Larry Kudlow and Stephen Moore say.
Aug 15- Slackness in the labor market is keeping U.S. wages from rising, according to research published by the Chicago Federal Reserve Bank on Friday. So far, Fed Chair Janet Yellen has resisted that pressure, drawing in part on her view that low wage growth suggests the labor market is weaker than headline unemployment suggests.
CNBC's Sue Herera looks ahead to what are likely to be next week's top business and financial stories.
SACRAMENTO, Calif.— California's unemployment rate held steady at 7.4 percent in July, but two surveys used to calculate the rate showed different results, the California Employment Development Department reported Friday.
WETHERSFIELD, Conn.— Connecticut added jobs for a sixth straight month in July, dropping its unemployment rate to 6.6 percent, the state Department of Labor said Friday. It's the lowest unemployment rate recorded in Connecticut since December 2008 but still is higher than the U.S. rate of 6.2 percent.
AUSTIN, Texas— The Texas unemployment rate remained at 5.1 percent in July, holding steady for the third month in a row, the Texas Workforce Commission reported Friday. Employment growth in July across Texas included 46,600 seasonally adjusted nonfarm jobs, according to the TWC.
LAS VEGAS— Nevada's unemployment rate held at 7.7 percent in July compared with June, but it dropped compared with where it was a year earlier, state officials said Friday. The state Department of Employment, Training and Rehabilitation reported that Nevada's unemployment rate was down 2.2 percentage points from July 2013.
TALLAHASSEE, Fla.— Florida's unemployment rate remained unchanged in July amid signs that the state's economy continues a slow, but steady recovery from the depths of the Great Recession. Florida also lost 1,600 jobs in July after leading the nation in job growth the previous month. Rick Scott, who has made jobs a central part of his re-election campaign.
Andrew Lilico, executive director and principal at Europe Economics, says the characteristics of the U.K.'s labor market are a "mystery" to economists.
PROVIDENCE, R.I.— Rhode Island's unemployment rate fell slightly to 7.7 percent in July, down two-tenths of a percentage point from June, when it was tied with Mississippi as having the highest unemployment rate in the nation, according to new numbers released by the state Department of Labor and Training on Thursday.